Asia Pacific Clinical Trials Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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Description Table of Contents Scope of the Report

Asia Pacific Clinical Trials Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A clinical trial management system (CTMS) is a system used by Pharmaceutical and Biotechnology industries to manage clinical trials in clinical research. The system maintains and oversees the planning, performing and reporting functions, along with participant contact information, tracking deadlines and many more.

Asia-Pacific Clinical Trials Market

Asia Pacific Clinical Trials Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Segments Size & Growth:

Asia-Pacific clinical trials market size is projected to reach approximately $5.2 billion by the end of 2024 with a CAGR of close to 9.1% from $ 3.50 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include Increased R&D investment in the Pharmaceutical industry, Increased prevalence of chronic diseases, Increased clinical research outsourcing and implementation of clinical trials by contract research organisations and Assimilation of clinical trial management systems with hospital information systems. However, High cost involved in customised CTMS, Increasing clinical trials failure rate in phase II and Phase III, Lack of qualified and skilled labour to handle CTMS and Data security issues are thereby hampering the market growth.

Asia-Pacific records. Adopting electronic

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Asia Pacific Clinical Trials Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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