Clinical Trial Support Services in the US - Market Research Report (2014-2029)

Growth phase: Increased corporate profit and private investment will drive revenue

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Clinical Trial Support Services industry provides preclinical trial preparation work and tracks and records results and data, as well as preparing information for regulatory submission and data storage. Clinical trial support services include pharmacovigilance, site selection, cardiac safety monitoring, biostatistics and clinical data management. An increasing volume of clinical trials in the United States and abroad has driven demand for clinical trial support services. The associate growth in research and development spending is expected to lift revenue at a CAGR 6.3% to $4.0 billion over the five years to 2023. In 2023 alone, revenue is anticipated to rise 4.1% while profit will continue to rise as a result of strong demand.

Companies in this industry provide medical clinical trial services. Typically, industry operators provide preclinical trial preparation work, track and record results and prepare data for regulatory submission and data storage.