Global Clinical Trials Market Size & Outlook, 2023-2030

The clinical trials industry worldwide is expected to reach a projected revenue of US$ 123,539.7 million by 2030. A compound annual growth rate of 6.3% is expected of the worldwide clinical trials industry from 2024 to 2030.
Revenue, 2023 (US$M)
$80,738.5
Forecast, 2030 (US$M)
$123,539.7
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide

Global clinical trials market highlights

  • The global clinical trials market generated a revenue of USD 80,738.5 million in 2023 and is expected to reach USD 123,539.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
  • In terms of segment, phase iii accounted for a revenue of USD 43,064.5 million in 2023.
  • Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 80,738.5 million
Market revenue in 2030USD 123,539.7 million
Growth rate6.3% (CAGR from 2023 to 2030)
Largest segmentPhase iii
Fastest growing segmentPhase I
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPhase I, Phase II, Phase III, Phase IV

Other key industry trends

  • In terms of revenue, the North America accounted for 50.7% of the global clinical trials market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 2,862.6 million by 2030.

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Clinical Trials Market Companies

Name Profile # Employees HQ Website

Global clinical trials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical trials market will help companies and investors design strategic landscapes.


Phase iii was the largest segment with a revenue share of 53.34% in 2023. Horizon Databook has segmented the Global clinical trials market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Clinical Trials Phase Outlook (Revenue, USD Million, 2018-2030)
    • Phase I
    • Phase II
    • Phase III
    • Phase IV
  • Global Clinical Trials Study Design Outlook (Revenue, USD Million, 2018-2030)
    • Interventional studies
    • Observational studies
    • Expanded access studies
  • Global Clinical Trials Indication Outlook (Revenue, USD Million, 2018-2030)
    • Autoimmune/Inflammation
      • Rheumatoid arthritis
      • Multiple sclerosis
      • Osteoarthritis
      • Irritable Bowel Syndrome (IBS)
      • Others
    • Pain management
      • Chronic pain
      • Acute pain
    • Oncology
      • Blood cancer
      • Solid tumors
      • Other
    • CNS conditions
      • Epilepsy
      • Parkinson's Disease (PD)
      • Huntington's Disease
      • Stroke
      • Traumatic Brain Injury (TBI)
      • Amyotrophic Lateral Sclerosis (ALS)
      • Muscle regeneration
      • Others
    • Diabetes
    • Obesity
    • Cardiovascular
    • Others
  • Global Clinical Trials Service Type Outlook (Revenue, USD Million, 2018-2030)
    • Protocol Designing
    • Site Identification
    • Patient Recruitment
    • Laboratory Services
    • Bioanalytical Testing Services
    • Clinical Trial Data Management Services
    • Others
  • Global Clinical Trials Sponser Outlook (Revenue, USD Million, 2018-2030)
    • Pharmaceutical & biopharmaceutical companies
    • Medical device companies
    • Others

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Target buyers of Global clinical trials market databook

  • Our clientele includes a mix of clinical trials market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global clinical trials market size, by regions, 2018-2030 (US$M)

Top 10 countries: Clinical trials market size, 2023 (US$M)

Global clinical trials market share, by phase, 2023 & 2030 (%, US$M)

Clinical trials market: Opportunity assessment by country

Global clinical trials market, by region, 2023 (US$M)

Global clinical trials market size, by regions, 2018-2030 (US$M)

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