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.
To order this 190+ page report, which features 80+ figures and 90+ tables, please visit this https://www.rootsanalysis.com/reports/clinical-trial-planning-and-design-services-market.html
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.
To request a sample copy / brochure of this report, please visit this https://www.rootsanalysis.com/reports/clinical-trial-planning-and-design-services-market.html
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.
For additional details, please visit
https://www.rootsanalysis.com/reports/clinical-trial-planning-and-design-services-market.html or email firstname.lastname@example.org
You may also be interested in the following titles:
1. Virtual Clinical Trial Service Providers Market, 2020-2050
2. AI-based Clinical Trial Solutions Providers Market, 2020-2030
3. Patient Recruitment and Retention Services Market (2nd Edition), 2021-2030
+1 (415) 800 3415
+44 (122) 391 1091
We are your partners with no equity
We fit in your budget
We love what we do
Chance to prove ourselves
Best in class quality of work
Most trusted consulting partner in the industry
SUBSCRIBE TO INDUSTRY UPDATES