The Virtual Clinical Trials Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Virtual Clinical Trials Market?
The market size for virtual clinical trials has seen substantial growth lately. The market is predicted to increase from $11.91 billion in 2024 to $12.99 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Virtual Clinical Trials Industry?
The Virtual Clinical Trials Global Market Report predicts that by 2029, the market size will reach $19.67 billion, growing at a compound annual growth rate (CAGR) of 10.9%.
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What are the Key Growth Drivers Fueling the Virtual Clinical Trials Market?
The key drivers in the virtual clinical trials market are:
• Growing adoption of decentralized clinical trials
• Increasing use of wearables and remote monitoring devices
• Expansion of telehealth services and regulatory support for virtual trial methodologies
• Incorporation of artificial intelligence and machine learning techniques in clinical trials
Global Market Segmentation: Identifying Major Virtual Clinical Trials Industry Segments
The virtual clinical trials market covered in this report is segmented –
1) By Design: Observational Trials, Interventional Trials, Expanded Access Trials
2) By Phases: Phase I, Phase II, Phase III, Phase IV
3) By Indication: CNS, Autoimmune Or Inflammation, Cardiovascular Disease, Metabolic Or Endocrinology, Infectious Disease, Oncology, Genitourinary, Ophthalmology, Other Indications
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What are the Emerging Trends Shaping the Future of the Virtual Clinical Trials Market?
The key trends in the popcorn market are:
• Increasing adoption of decentralized clinical trials is shaping the future of the market.
• The use of artificial intelligence and machine learning in clinical trials is becoming a prevalent trend.
• There's a rising trend of using electronic informed consent (econsent) in virtual clinical trials.
• The focus on real-world evidence and decentralized data collection is a significant emerging trend.
Who Are the Top Competitors & Leading Players in the Virtual Clinical Trials Market?
Major companies in the virtual clinical trials market are:
• ICON plc
• Parexel International Pvt. Ltd.
• IQVIA Holdings Inc.
• Covance Research Products Inc.
• Pharmaceutical Research Associates Inc.
• Medidata Solution Inc.
• Oracle Corporation
• Clario Tech Ltd.
• Medable Inc.
• Science 37 Holdings Inc.
• THREAD Research
• Clinical Ink Inc.
• Veeva Systems Inc.
• Clinerion Ltd.
• CRF Health Group Limited
• Royal Castor Products Limited
• Crio Inc.
• Deep Lens Inc.
• Florence Healthcare Inc.
• goBalto Inc.
• Medrio Inc.
• Mint Medical Ltd.
• Mytrus Inc.
• OpenClinica LLC
• Reify Health
• Sanguine Biosciences Inc.
• TriNetX Inc.
• VirTrial LLC
Regional Dominance: Which Area Leads the Global Virtual Clinical Trials Market?
North America was the largest region in the virtual clinical trials market in 2024
