Product ID: UCMIR35J2143
Report ID:
UCMIR35J2143 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the estimated value of the virtual clinical trials market in the United States was USD 4.5 billion. It is anticipated that this market will experience a steady growth with a compound annual growth rate (CAGR) of 5.45% from 2023 to 2030. Several factors contribute to the expansion of the U.S. virtual clinical trials market, including the increasing digitization of healthcare, the widespread adoption of telehealth, and substantial investments in research and development. Additionally, the market is positively influenced by technological advancements and collaborative efforts between clinical research organizations and pharmaceutical and biotechnology companies.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR35J2143