Virtual Clinical Trials Market
PUBLISHED: 2020 ID: SMRC19819
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Virtual Clinical Trials Market

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

4.3 (85 reviews)
4.3 (85 reviews)
Published: 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 However, outdated clinical trials are hampering the market growth.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

Table of Contents

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Emerging Markets    
 3.7 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Virtual Clinical Trials Market, By Implication     
 5.1 Introduction    
 5.2 Cardiovascular Disease    
 5.3 Oncology    
      
6 Global Virtual Clinical Trials Market, By Study Design     
 6.1 Introduction    
 6.2 Expanded Access Trials    
 6.3 Interventional Trials    
 6.4 Observational Trials    
      
7 Global Virtual Clinical Trials Market, By Geography     
 7.1 Introduction    
 7.2 North America    
  7.2.1 US   
  7.2.2 Canada   
  7.2.3 Mexico   
 7.3 Europe    
  7.3.1 Germany   
  7.3.2 UK   
  7.3.3 Italy   
  7.3.4 France   
  7.3.5 Spain   
  7.3.6 Rest of Europe   
 7.4 Asia Pacific    
  7.4.1 Japan   
  7.4.2 China   
  7.4.3 India   
  7.4.4 Australia   
  7.4.5 New Zealand   
  7.4.6 South Korea   
  7.4.7 Rest of Asia Pacific   
 7.5 South America    
  7.5.1 Argentina   
  7.5.2 Brazil   
  7.5.3 Chile   
  7.5.4 Rest of South America   
 7.6 Middle East & Africa    
  7.6.1 Saudi Arabia   
  7.6.2 UAE   
  7.6.3 Qatar   
  7.6.4 South Africa   
  7.6.5 Rest of Middle East & Africa   
      
8 Key Developments     
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 8.2 Acquisitions & Mergers    
 8.3 New Product Launch    
 8.4 Expansions    
 8.5 Other Key Strategies    
      
9 Company Profiling     
 9.1 Clinical Ink    
 9.2 Covance    
 9.3 CRF Health    
 9.4 ICON plc    
 9.5 LEO Innovation Lab    
 9.6 Medable    
 9.7 Medidata    
 9.8 Oracle    
 9.9 Parexel    
 9.10 PRA Health Sciences    
 9.11 Science 37    


List of Tables      
1 Global Virtual Clinical Trials Market Outlook, By Region (2018-2027) ($MN)     
2 Global Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
3 Global Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
4 Global Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
5 Global Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
6 Global Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
7 Global Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
8 Global Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN)     
9 North America Virtual Clinical Trials Market Outlook, By Country (2018-2027) ($MN)     
10 North America Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
11 North America Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
12 North America Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
13 North America Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
14 North America Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
15 North America Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
16 North America Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN)     
17 Europe Virtual Clinical Trials Market Outlook, By Country (2018-2027) ($MN)     
18 Europe Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
19 Europe Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
20 Europe Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
21 Europe Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
22 Europe Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
23 Europe Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
24 Europe Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN)     
25 Asia Pacific Virtual Clinical Trials Market Outlook, By Country (2018-2027) ($MN)     
26 Asia Pacific Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
27 Asia Pacific Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
28 Asia Pacific Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
29 Asia Pacific Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
30 Asia Pacific Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
31 Asia Pacific Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
32 Asia Pacific Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN)     
33 South America Virtual Clinical Trials Market Outlook, By Country (2018-2027) ($MN)     
34 South America Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
35 South America Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
36 South America Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
37 South America Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
38 South America Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
39 South America Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
40 South America Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN)     
41 Middle East & Africa Virtual Clinical Trials Market Outlook, By Country (2018-2027) ($MN)     
42 Middle East & Africa Virtual Clinical Trials Market Outlook, By Implication (2018-2027) ($MN)     
43 Middle East & Africa Virtual Clinical Trials Market Outlook, By Cardiovascular Disease (2018-2027) ($MN)     
44 Middle East & Africa Virtual Clinical Trials Market Outlook, By Oncology (2018-2027) ($MN)     
45 Middle East & Africa Virtual Clinical Trials Market Outlook, By Study Design (2018-2027) ($MN)     
46 Middle East & Africa Virtual Clinical Trials Market Outlook, By Expanded Access Trials (2018-2027) ($MN)     
47 Middle East & Africa Virtual Clinical Trials Market Outlook, By Interventional Trials (2018-2027) ($MN)     
48 Middle East & Africa Virtual Clinical Trials Market Outlook, By Observational Trials (2018-2027) ($MN) 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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