As finding correct treatment for any existing or new disease started becoming complicated, the companies operating in the pharmaceutical and medical sector have brought in a new process model where they can outsource their work like conducting clinical trials, medical writing and filing regulatory filings to those companies who are willing to enter into a contract with them. The recent coronavirus pandemic proved to be a blessing in disguise for the global healthcare clinical research outsourcing market. The demand for drug discovery and development in the times when the world was battling against an unknown infection propelled the growth of this market. The pharma companies had to outsource major chunk of work.
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Meanwhile the increasing cost along with ultra-precious time needed for the development of any new drug is driving the growth of the global healthcare clinical research outsourcing market. Also, the fact that the number of patents that are expiring are also rising and it also aids in this market’s growth.
On the other hand, the changes in regulatory guidelines along with the process of approval in various countries may dent the progress of the global healthcare clinical research outsourcing market. While majority of the clinical trials and studies are assigned or outsourced to companies in many countries, where guidelines for drug discovery, clinical trials and regulatory filing are likely to be different. This also proves to be as a hindrance to the growth of this market. Irrespective of all the hurdles, the surging number of clinical trials is likely to take the global healthcare clinical research outsourcing market to a new level. The rise in funding to find cure for age-old ailments is also forecasted to drive the growth of this market.
The regulatory submissions happen to be a critical process when it comes to rolling out a new drug and this is why healthcare companies are more concerned about it. Understanding root cause of any disease and discovering what and which drug might work against it happens to be the first and most important process. The pharmaceutical companies are leaving no stone unturned to ensure that every process goes hassle free. Post COVID, the demand for vaccines have gone up and hence pharma companies want to stay ready for any future calamity in terms of an unknown disease. This is exactly why this segment is forecasted to witness growth at the fastest rate in the global healthcare clinical research outsourcing market.
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The region of Asia Pacific is forecasted to witness growth at the fastest rate for the healthcare clinical research outsourcing market. Pharmaceutical and medical research companies in countries like China and India are outsourcing a lot of work and this drives the growth of this market.
Few of the key players operating in the global healthcare clinical research outsourcing market are listed below:
- Accell Clinical Research, LLC
- CMIC Holdings Co, LTD.
- Covance Inc.
- ICON plc
- IQVIA Inc.
- KCR S.A.
- Marietta Eye Clinic.
- Parexel International Corporation
- PPD Inc.
- Syneos Health
- WuXi AppTec
- Other Market Participants
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The research report on Global Healthcare Clinical Research Outsourcing Market will include extensive information based on the following pointers:
- Global Market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2020 has been considered as historic years, 2021 as the base year, while 2022 to 2030 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Determinants and Influencing Factors
- Macro-Economic and Micro-Economic Indicators
- Market Dynamics
- Trends on Global Healthcare Clinical Research Outsourcing Market
- Exclusive Details on the Effect of the Pandemic
- Porter’s Five Forces Analysis
- Competitor Landscape
- Product Benchmarking
- Market Share Analysis, 2021
- Global Presence and Growth Strategies
- The final report will include competitive product benchmarking which will include comparison of different products offered by different market participants on the basis of their features and capabilities that will help you to understand their market offerings. Furthermore, for each company, we will provide information regarding company details, company overview, product offerings, key developments, financial analysis, and SWOT analysis and business strategies.
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Global Healthcare Clinical Research Outsourcing Market
- Clinical Trials Execution
- Statistical Analytics
- Pharmacovigilance Services
- Regulatory Submissions
- Data Management
- Medical Writing
- Drug Discovery
- Clinical Trial Phases
- Phase I
- Phase II
- Phase III/ Pivotal
- FDA Approval
- Regulatory Affairs
- Risk Management
By Therapeutic Area
- Infectious Diseases
- Respiratory Diseases
By End Users
- Medical Research Centers
- Pharmaceutical Manufacturers
- Biotechnology Companies
- Government Institutions
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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