Global Virtual Clinical Trials Market Report 2022: Growing Adoption of Telehealth Drives Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Virtual Clinical Trials Market (2022-2027) by Study Design, Involvement and Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The global virtual clinical trials market is estimated to be worth USD 3.09 billion in 2022 and is expected to reach USD 8.45 billion by 2027, growing at a CAGR of 22.3%

Market dynamics

Drivers

  • Increased adoption of telehealth

  • Growing adoption of digitization in healthcare

  • Proliferation of research and development activities coupled with favorable government support

Constraints

  • Concerns about big data collection, data accuracy and reliability, and technology failures

Opportunities

  • Continuous technological advancements in the healthcare industry

  • Emerging collaborations between biotechnology and clinical research companies

Challenges

  • Cumbersome and difficult process with registration and engagement activities

Market segmentation

The global virtual clinical trials market is segmented on the basis of study design, involvement and geography.

  • By study design, the market is categorized into expanded access trials, interventional trials, and observational trials.

  • By implication, the market is categorized into cardiovascular diseases and oncology.

  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global virtual clinical trials market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global virtual clinical trials market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global virtual clinical trials market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive Summary

4 Market dynamics

5 Market Analysis

6 Global Virtual Clinical Trials Market, By Study Design

7 Global Virtual Clinical Trials Market, By Implication

8 Americas Virtual Clinical Trials Market

9 Europe Virtual Clinical Trials Market

10 Middle East & Africa Virtual Clinical Trials Market

11 APAC Virtual Clinical Trials Market

12 Competitive landscape

13 company profiles

14 Appendix

Companies cited

  • AiCure, LLC

  • clinical ink

  • CliniOps, Inc.

  • Labcorp drug development

  • CRF Health

  • ERT

  • Everest Global, Inc.

  • ICON, API

  • IQVIA

  • LEO Innovation Lab

  • Medable, Inc.

  • Medidata solutions

  • Medpace

  • Navitas Life Sciences, Inc.

  • Neoteryx, LLC

  • Oracle Corp.

  • Parexel International

  • Pfizer Inc.

  • Science 37

  • Tenthpin Management Consultants AG

  • VirTrial, LLC

For more information about this report visit https://www.researchandmarkets.com/r/884b11

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