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The clinical research industry is undergoing a significant transformation, driven by technological advancements and the demand for more patient-centric approaches. Decentralized and hybrid trial models are gaining traction, accelerated by global events, enhancing accessibility and diversity. Focus on real-world data and efficiency is paramount, while regulatory adaptation is ongoing.
Total Assets Under Management (AUM)
Clinical Trials Market Size in United States
~70.3 billion USD
(8.7% CAGR)
- Driven by increasing R&D spending.
- Growth in adoption of decentralized trials.
- Rising prevalence of chronic diseases globally.
70.3 billion USD