February 16, 2021

Bladder Cancer Clinical Trials Market Size | Latest COVID19 Impact Analysis | Demand, Growth, Trends, Segmentation and Forecasts to 2027

Industry Trends

Adoption of new technology in clinical trials, increasing chronic disease prevalence, and demand from developing countries are some of the major driving factors for the global marketplace. Whereas increasing demand for clinical trials by contract research organizations (CROs) is projected to further drive growth. Diversified experience of CROs in the success of clinical trials in a wide range of geographies and the production of drugs in different therapeutic areas compared to pharmaceutical companies are a few factors responsible for the demand for CROs in the pharmaceutical segment.

According to the BioOutsource Report 2017, the market for biosimilar testing is expected to see growth in the U.S., due to the fact that the Food and Drug Administration (FDA) has begun addressing the lack of clear guidelines about biosimilars, specifically the manner in which developers can demonstrate similarity between their drugs and the originator product. In January 2015, Hospira submitted one of Epogen's (Epoetin Alfa) biosimilar models, and the findings of the analysis in the U.S. are due from the FDA within one year.

The global clinical trials market is expected to grow owing to influential factors such as the rising demand for clinical trials due to the global expansion of the healthcare sectors, increasing expenditure towards research and development of the pharmaceutical industry, growing prevalence of chronic diseases, and the focus on the treatment methods for rare diseases.

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Clinical Trials in Healthcare Market Revenue & Forecast, (US$ Million), 2015 – 2027

Competitive Landscape

Due to the presence of multiple major pharmaceutical companies, the increase in the patient population and the growing advances in product development, the Americas have been evaluated to dominate the global market for clinical trials. In addition, increasing cases of patients suffering from chronic diseases such as cancer, diabetes, and other life-threatening diseases increase demand for new medications, which lead to developing clinical trial approaches to improve treatment options. Those factors are also estimated to drive the region's market for clinical trials over the forecast period.

The key players identified in the global clinical market are: Charles River Laboratories, Clinipace, Eli Lilly and Company, ICON plc, Laboratory Corporation of America, Novo Nordisk A/S, Paraxel International Corporation, Pfizer, Quintiles IMS, SGS SA, among others.

Clinic Trails Healthcare Market:

By Phase: Phase I Trials, Phase II Trials, Phase III Trials

By Design: Interventional trials, Observational trials, Expanded Access trials

By Indication: Autoimmune Blood disorders, Cancer, Circulatory, CNS, Congenital, CVS, Dermatology, Ear, Gastrointestinal Genitourinary, Infections, Mental disorders, Metabolic, Musculoskeletal, Nose and Ophthalmology

By Geography:

North America: (U.S, Canada, Mexico, Rest of North America)

Europe: (France, The UK, Spain, Germany, Italy)

Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)

Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)

Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)

Southeast Asia: (Indonesia, Thailand, Singapore)

Rest of Southeast Asia

Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)

Latin America: (Brazil, Argentina, Rest of Latina America)

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