Global Virtual Clinical Trials Market Size & Outlook
Global virtual clinical trials market, 2017-2030 (US$M)
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Global virtual clinical trials market highlights
- The global virtual clinical trials market generated a revenue of USD 8,281.8 million in 2022 and is expected to reach USD 12,903.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, interventional accounted for a revenue of USD 3,870.8 million in 2022.
- Expanded Access is the most lucrative study design segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8,281.8 million |
| Market revenue in 2030 | USD 12,903.7 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Interventional |
| Fastest growing segment | Expanded Access |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interventional, Observational, Expanded Access |
Other key industry trends
- In terms of revenue, the North America accounted for 49.0% of the global virtual clinical trials market in 2022.
- 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 502.8 million by 2030.
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Virtual Clinical Trials Market Scope
Virtual Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Signant Health | View profile | 1001-5000 | Blue Bell, Pennsylvania, United States, North America | https://www.signanthealth.com/ |
| Medidata | View profile | 1001-5000 | New York, New York, United States, North America | https://www.medidata.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| LEO Pharma | View profile | 1001-5000 | Parsippany, New Jersey, United States, North America | http://www.leo-pharma.us/ |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Global virtual 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 virtual clinical trials market will help companies and investors design strategic landscapes.
Interventional was the largest segment with a revenue share of 46.74% in 2022. Horizon Databook has segmented the Global virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Virtual Clinical Trials Study Design Outlook (Revenue, USD Million, 2017-2030)
- Expanded Access
- Observational
- Interventional
- Global Virtual Clinical Trials Indication Outlook (Revenue, USD Million, 2017-2030)
- Cardiovascular
- Oncology
- Others
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Target buyers of Global virtual clinical trials market databook
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Our clientele includes a mix of virtual clinical trials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 virtual clinical trials market , including forecasts for subscribers. This global databook contains high-level insights into Global virtual clinical trials market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global virtual clinical trials market size, by regions, 2017-2030 (US$M)
Top 10 countries: Virtual clinical trials market size, 2022 (US$M)
Global virtual clinical trials market share, by indication, 2022 & 2030 (%, US$M)
Virtual clinical trials market: Opportunity assessment by country
Global virtual clinical trials market, by region, 2022 (US$M)
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