The North America clinical trials support services market is set to project a 7.20% CAGR over the forecast period, 2022-2030, reaching a total of $15369.03 million in revenue by 2030.

In 2021, North America held the largest market share of 39.74% in the clinical trials support services market globally, with the majority of the key players based in the region. As most of the tasks in clinical trials are done manually, involving technology such as solutions, services, etc., has made the process robust and efficient by saving both time and money, propelling the demand for these technologies across North America.

To know more about this report, request a free sample copy

The North America clinical trial support services market comprises leading companies that provide access to track and record results, preclinical trial preparation work, and data for storage and regulatory submission. Clinical trial support services include clinical data management, biostatistical, site selection, and pharmacovigilance services. Further, industry operators design studies to ensure enough data and the right kind of information are collected cost-efficiently. Over the years, the industry has experienced strong growth, aided primarily by a rise in development expenditures in private sector research.

The North America clinical trials support services market growth evaluations include the analysis of United States and Canada. The biopharmaceutical sector contributes approximately 90% of the aggregate expenditure on clinical trials for drugs and equipment in the United States. A complete clinical trial costs include expenditures on patient retrieval, clinical procedure, data management, and site recruitment. Further, major pharmaceutical companies in the United States rapidly expand their research and development investments.

The North America clinical trials support services market is segmented into phase, service, and sponsor. Market by service covers clinical trial site management, administrative services, patient recruitment, regulatory services, data management, and other services.

Conducting a clinical trial is massive and complex. However, clinical trial processes have become affordable and easier due to the availability of advanced technologies in the market. Moreover, a clinical trial requires a larger number of people resulting in the procurement of large amounts of data that needs to be stored and secured.

Since data is critical for clinical trials and needs regular maintenance, manual management is neither possible nor recommended as it might result in errors that the analysts can further misinterpret. Many automated solutions are available for a comprehensive clinical trial management system (CTMS), scalable to optimize regulatory compliance, finances, clinical research operations, etc., for all site networks, research sites, health systems, and hospitals.

Furthermore, the administrative staff of the clinical trial monitors the administrative aspect, such as the number of clinical trials prepared for testing new medications and medical devices to check their efficiency and safety. The administrative services also has multiple responsibilities, like preparing essential clinical trial documents, reviewing study protocols, regulatory and research & development submissions, arranging investigator meetings, coordinating ethics, attending research meetings, and recognizing protocol problems. The administrative staff can be found in clinics or other health care facilities, hospitals, biotechnology companies, medical equipment designers, pharmaceutical companies, and other health-related research & manufacturing organizations.

Key players operating in the North America clinical trials support services market entail IQVIA, Parexel, Charles River Laboratories Inc, etc.

IQVIA is a leading global provider of advanced analytics, technology solutions and clinical research services to the life sciences industry. It provides solutions for R&D, Commercialization, Technologies, Healthcare segments, Therapeutics areas and others. It offers clinical products, commercial products and so on. It has a global presence in North America, Latin America, Asia-Pacific, Europe, the Middle East and Africa. IQVIA was founded in 1982 and is currently headquartered in North Carolina, United States.

Clinical Trial Management System from IQVIA provides holistic trial management through a persona experience-based digital automation design. In addition, closed-loop issue management improves subject safety and helps mitigate operational risk. Also, it speeds up the market through intelligent workflows.

Report Synopsis

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.