Germany Virtual Clinical Trials Market Size & Outlook
- HC Outsourcing
- Clinical Trials
- Virtual Clinical Trials Market Outlook
- Clinical Trials
Global Market
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Germany virtual clinical trials market highlights
- The Germany virtual clinical trials market generated a revenue of USD 516.2 million in 2023 and is expected to reach USD 772.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, interventional was the largest revenue generating study design in 2023.
- Interventional is the most lucrative study design segment registering the fastest growth during the forecast period.
Virtual clinical trials market data book summary
| Market revenue in 2023 | USD 516.2 million |
| Market revenue in 2030 | USD 772.9 million |
| Growth rate | 5.9% (CAGR from 2024 to 2030) |
| Largest segment | Interventional |
| Fastest growing segment | Interventional |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interventional, Observational, Expanded Access |
| Key market players worldwide | Icon PLC, PAREXEL, IQVIA Holdings Inc, Labcorp Holdings Inc, LEO Pharma, Medidata, Oracle Corp, Signant Health |
Other key industry trends
- In terms of revenue, Germany accounted for 5.9% of the global virtual clinical trials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany virtual clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 329.4 million by 2030.
Germany virtual clinical trials market is expected to hold the highest market share of 23.96% in 2020. The COVID 19 pandemic has accelerated the adoption of virtual clinical trials and telemedicine.
Due to the pandemic, FDA has issued guidelines suggesting researchers to conduct virtual clinical trials via telemedicine. According to a research article published by Pharma Intelligence Informa in 2020, approximately 17 virtual clinical trials are being conducted in Germany.
Moreover, increasing healthcare digitalization is one of factors responsible for market growth. Germany’s parliament passed the Digital Health Care Act in 2019, which helps catalyze the digital transformation of German health care system.
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Virtual Clinical Trials Market Scope
Virtual Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Labcorp Holdings Inc | View profile | 67,000 | 358 South Main Street, Burlington, NC, United States, 27215 | www.labcorp.com |
| Icon PLC | View profile | 41,150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | www.iconplc.com |
| LEO Pharma | View profile | 1001-5000 | Parsippany, New Jersey, United States, North America | www.leo-pharma.us/ |
| IQVIA Holdings Inc | View profile | 87,000 | 2400 Ellis Road, Durham, NC, United States, 27703 | www.iqvia.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.parexel.com |
| Medidata | View profile | 1001-5000 | New York, New York, United States, North America | www.medidata.com |
| Signant Health | View profile | 1001-5000 | Blue Bell, Pennsylvania, United States, North America | www.signanthealth.com/ |
Germany 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 Outlook will help companies and investors design strategic landscapes.
Interventional was the largest segment with a revenue share of 49.69% in 2023.
Horizon Databook has segmented the Germany virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2017 to 2030.
Germany virtual clinical trials market is expected to hold the highest market share of 23.96% in 2020. The COVID 19 pandemic has accelerated the adoption of virtual clinical trials and telemedicine.
Due to the pandemic, FDA has issued guidelines suggesting researchers to conduct virtual clinical trials via telemedicine. According to a research article published by Pharma Intelligence Informa in 2020, approximately 17 virtual clinical trials are being conducted in Germany.
Moreover, increasing healthcare digitalization is one of factors responsible for market growth. Germany’s parliament passed the Digital Health Care Act in 2019, which helps catalyze the digital transformation of German health care system.
- Germany Virtual Clinical Trials Market Study Design Outlook (Revenue, USD Million , 2018-2030)
- Interventional
- Observational
- Expanded Access
- Germany Virtual Clinical Trials Market Indication Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Cardiovascular
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Virtual Clinical Trials Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Virtual Clinical Trials Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Germany Virtual Clinical Trials Market, 2018-2030 (US$M)
Germany virtual clinical trials market statistics, by study design, 2017-2030 (US$M)
