Published: December 2021
Clinical studies are presently known to capture 50% share of the overall exorbitant investments required for drug development; therefore, sponsors are actively assessing available platforms with the intention of further optimizing the overall process
Roots Analysis has announced the addition of “Clinical Trial Planning and Design Services Market, 2021-2030” report to its list of offerings.
Failure of a clinical trial can impose an enormous financial burden on sponsors, estimated to be in the range of USD 800 million to USD 1.4 billion. It is further believed that a considerable portion of the losses can be avoided by efficient planning of trials. In other words, effective trial planning and design plays a pivotal role in enabling accurate, safe and timely execution of the study, across all sites.
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More than 130 players claim to offer clinical trial planning and design services
This segment of the service industry is dominated by start-ups / small companies (2-50 employees) and mid-sized players (51-200 employees), which represent more than 63% of the contemporary landscape. Further, majority (over 60%) of the stakeholders are based in North America.
Almost all players claim to offer study design / protocol development services
On the other hand, close to 55% service providers states that they have the required capabilities to provide services for sample size and power analysis. In addition, around 50% of the clinical trial planning and design service providers offer statistical analysis and plan development services.
Since 2016, more than 45+ partnerships have been inked by service providers
Interestingly, the maximum number of partnership agreements were inked in 2020, majority of which were instances pf acquisitions (43%), followed by clinical trial design agreements (18%). It is worth noting that partnership activity within this domain increased at a CAGR of 40%, in the past five years.
Over 20 mergers and acquisitions were established in this domain, during the period 2016-2020
It was observed that majority of the deals were intracontinental (79%), involving participants from different countries. Service portfolio expansion and geographical consolidation were further observed to be key value drivers of the acquisition activity, followed by geographical expansion (24%) and service portfolio consolidation (13%).
North America and Europe are anticipated to capture 69% share (in terms of service revenues) of the market, in 2030
The clinical trial planning and design services market in Asia-Pacific is anticipated to grow at a relatively faster pace (10.7%), followed by the market in rest of the world (9.5%). At present, close to 63% of the total revenues are generated from projects involving statistical analysis plan, eCRF, and site identification and selection; this trend is unlikely to change significantly in the short to mid-term.
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The financial opportunity within the clinical trial planning and design services market has been analyzed across the following segments:
The research includes detailed profiles of key service providers (listed below) engaged in this domain; each profile features an overview of the company, information related to its clinical trial planning and design focused service portfolio, recent developments, and an informed future outlook.
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