Italy Virtual Clinical Trials Market Size & Outlook
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Italy virtual clinical trials market highlights
- The Italy virtual clinical trials market generated a revenue of USD 216.0 million in 2023 and is expected to reach USD 329.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, interventional was the largest revenue generating study design in 2023.
- Expanded Access 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 216.0 million |
| Market revenue in 2030 | USD 329.4 million |
| Growth rate | 6.2% (CAGR from 2024 to 2030) |
| Largest segment | Interventional |
| Fastest growing segment | Expanded Access |
| 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, Italy accounted for 2.5% 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.
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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 |
Italy 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 49.81% in 2023. Horizon Databook has segmented the Italy virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2018 to 2030.
Italy contributed to 9.9% of the global clinical trials market in 2020. In Italy, pharmaceutical companies often fund clinical trials acting as trial sponsors. However, investigator-initiated studies are very common in Italy.
In such cases, pharmaceutical firms may provide financial support. Italy is working for many years to become a major player in clinical studies owing to its top-level research institutions & hospitals present in the country.
As per Farmindustria, around 20% of the clinical trials in Europe are run in Italy. Italy also ranks first for the number of value-based, management entry agreements (MEAs) signed with pharmaceutical companies.
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Target buyers of Italy 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 country-level data and insights on the Italy virtual clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Italy virtual clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy virtual clinical trials market size, by study design, 2017-2030 (US$M)
Italy Virtual Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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