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Showing posts with the label Clinical Trial Recruitment Industry

Clinical Trial Recruitment Industry To Grow Substantially At A CAGR Of 6.10% From 2022 To 2030

  The global clinical trial recruitment industry size was valued at USD 15.7 billion in 2021 and will grow at a healthy CAGR of 6.1% during the forecast period 2022-2030, according to the " Clinical Trial Recruitment Industry Data Book, 2023 – 2030 ," published by Grand View Research.  Soaring demand to enhance patient recruitment and expedite the time to market new drugs has underpinned the industry growth. Optimizing the recruitment process by introducing well-trained trial sites and live and in-platform translation facilities will encourage stakeholders to further their geographical footprint. In addition, the adoption of AI and ML will gain traction in data collection and cleaning operations to minimize cost, as patient recruitment is regarded as one of the most expensive parts of a clinical trial. A study cited in Clinical Leader claimed that the cost of patient recruitment is around 40% of the clinical research, while almost 80% of all clinical trials fail to m...

Clinical Trial Recruitment Industry Reaching Nearly USD 15.7 Billion By 2021

  Clinical Trial Recruitment Industry Data Book Covers Clinical Trial Patient Recruitment, Site Management Organization and Support Services Markets. The global   clinical trial recruitment markets  size was estimated at USD 15.7 billion in 2021. The market is expected to expand at a CAGR of 6.1% CAGR (2022-2030). Clinical Trial Patient Recruitment Services Market Report Highlights The global clinical trial patient recruitment services market size was valued at USD 780 million in 2021, and it is expected to reach USD 1.56 billion by 2030 witnessing a CAGR of 8.0% during the forecast period. The phase III segment dominated the market with a revenue share of more than 57% in 2021 due to the high cost associated with phase III studies The patient recruitment & registry services segment is anticipated to witness lucrative growth of 8.3% during the forecast period owing to the increasing adoption of digital technologies in patient enrolment services Pain and Anesthesia in ...