U.K. Virtual Clinical Trials Market Size & Outlook
- HC Outsourcing
- Clinical Trials
- Virtual Clinical Trials Market Outlook
- Clinical Trials
Global Market
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UK virtual clinical trials market highlights
- The UK virtual clinical trials market generated a revenue of USD 483.6 million in 2023 and is expected to reach USD 731.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6.1% 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 483.6 million |
| Market revenue in 2030 | USD 731.6 million |
| Growth rate | 6.1% (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, UK accounted for 5.5% 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.
The UK also contributed to a significant share of Europe’s virtual clinical trial market, accounting for 22.4% of the market share in 2020. Various healthcare providers are piloting remote monitoring programs.
The new European Centre for Connected Health, based in Northern Ireland, is testing technologies that enable people with long-term chronic conditions live independently at home. The government of the UK is also conducting a greater number of telecare trials with the help of remote monitoring devices and novel technologies that have been installed in homes of 7,000 patients.
This is likely to facilitate the development of sophisticated, embedded systems. Various countries are developing national health information networks and several European Union member states have already made considerable progress.
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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/ |
U.K. 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 49.77% in 2023.
Horizon Databook has segmented the U.K. virtual clinical trials market based on interventional, observational, expanded access covering the revenue growth of each sub-segment from 2017 to 2030.
The UK also contributed to a significant share of Europe’s virtual clinical trial market, accounting for 22.4% of the market share in 2020. Various healthcare providers are piloting remote monitoring programs.
The new European Centre for Connected Health, based in Northern Ireland, is testing technologies that enable people with long-term chronic conditions live independently at home. The government of the UK is also conducting a greater number of telecare trials with the help of remote monitoring devices and novel technologies that have been installed in homes of 7,000 patients.
This is likely to facilitate the development of sophisticated, embedded systems. Various countries are developing national health information networks and several European Union member states have already made considerable progress.
- U.K. Virtual Clinical Trials Market Study Design Outlook (Revenue, USD Million , 2018-2030)
- Interventional
- Observational
- Expanded Access
- U.K. 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 U.K. Virtual Clinical Trials Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Virtual Clinical Trials Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Virtual Clinical Trials Market, 2018-2030 (US$M)
UK virtual clinical trials market statistics, by study design, 2017-2030 (US$M)
