Clinical Trials Market Share, Industry Trends, Industry Share and Revenue by 2019-2026 ... - 0 views
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emmaj3206 on 09 Apr 19"The global clinical trials market size is expected to reach USD 68.9 billion by 2026. It is projected to expand at a CAGR of 5.7% during the forecast period. Key drivers impacting the market growth are globalization of clinical trials, development of new treatments such as personalized medicine, augmenting evolution in technology, and rising demand for CROs to conduct clinical trials. Globalization has led to increase in investment in new product development in emerging countries thereby, positively impacting the market. The availability of the vast array of services from drug discovery to post-marketing surveillance has further simplified the life for mid-size and small-scale pharmaceutical and biotechnological organizations by providing them the option to outsource what they think is beyond their core expertise. For instance, Pfizer currently has three CROs working with it to enhance its product portfolio and drive innovation. According to the partnership agreement with ICON in 2011, Pfizer would only preserve the scientific ownership for the trials and studies conducted by ICON, hence allowing the company to focus and further develop its capabilities in clinical trial designing. Get Free Sample Copy of this Report at: https://www.radiantinsights.com/research/clinical-trials-market/request-sample"