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Virtual Clinical Trials Market

Virtual Clinical Trials - Global Market Outlook (2019 -2027)

4.3 (85 reviews)
Published: August 2020 ID: SMRC19819
4.3 (85 reviews)
Published: August 2020 ID: SMRC19819

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Virtual Clinical Trials Market is anticipated to grow at a CAGR of 3.9% during 2019-2027. Rising healthcare digitization, need for patient diversity clubbed with enhanced data collection in clinical trials, and adoption of tele health are the major factors propelling the market growth. However, outdated clinical trials are hampering the market growth.

Virtual clinical trials are a relatively new method of collecting safety and efficacy data from human trial participants. These trials take full advantage of the omnipresent technology and online social engagement that are a part of its participants’ lives, by using electronic versions of all trial processes including recruitment, informed consent, patient counselling, and data collection.

Based on the study design, the interventional trials segment is going to have a lucrative growth during the forecast period due to the increasing number of studies to develop new medications for various diseases. Furthermore, the digitalization of various laboratories has fuelled the market growth for this segment.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising outsourced research and development activities in this region to deliver advanced healthcare. Furthermore, increasing per capita income and favorable government initiatives coupled with is boosting the market growth across the region.

Some of the key players profiled in the Virtual Clinical Trials Market include Clinical Ink, Covance, CRF Health, ICON plc, LEO Innovation Lab, Medable, Medidata, Oracle, Parexel, PRA Health Sciences, and Science 37.

Implications Covered:
• Cardiovascular Disease
• Oncology

Study Designs Covered:
• Expanded Access Trials
• Interventional Trials
• Observational Trials

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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