Oncology Clinical Trial Monitor Market Segmentation, Investment Opportunities, and Market Overview
This Oncology Clinical Trial Monitor Market report provides a detailed overview on the industry including both qualitative and quantitative information. It provides an overview based on devices and end user. The Oncology Clinical Trial Monitor Market report analyzes the factors affecting the market from both demand and supply side and further evaluates market dynamic effecting the market during the forecast period i.e drivers, restraints, opportunities and future trend. The Oncology Clinical Trial Monitor Market report also provides exhaustive PEST Analysis for all regions names North America, South America, Asia and Pacific region, Middle east and Africa and other vital region across the globe.
The Oncology Clinical Trial Monitor Market report also includes the profiles of key patient monitoring manufacturing companies along with their SWOT analysis and market strategies. In addition, the Oncology Clinical Trial Monitor Market report focuses on leading industry players with information such as company profiles, products and services offered, financial information, key development in past five year. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Data Bridge Market Research analyses that the oncology clinical trial monitor market, which was USD 12.70 in 2022, would rise to USD 19.5 million by 2030 and is expected to undergo a CAGR of 5.50% during the forecast period from 2023 to 2030
Definition
Oncology clinical trials are the experiments performed under clinical research and follow a regulated protocol. These experiments are mainly performed to acquire the data associated with the safety and efficiency of the latest developed drugs. Clinical trial data is compulsory for drug approval and for it to be launched in the industry. These trials are conducted under different phases, which depend upon numerous factors.
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Key Growth Drivers:
- Increasing Number of Cancer Cases
There has been a growing number of cancer survivors living in the U.S., from 3.0 million in 1971 to 15.5 million in January 2016. About 73.0% of the cancer survival gains are sustainable to novel medicines. Several biopharmaceutical research firms are developing effective and better-tolerated treatments to meet the needs of patients. Around 85.0% of the oncology medicines in development are most likely to be first-in-class. In 2018, around 1,120 medicines and vaccines were in development by America's biopharmaceutical firms. Thus, this factor boosts market growth.
- Increasing Strategic Collaborations by Market Players
Increasing collaboration among many market players has led to market growth. For instance, IQVIA announced its collaboration with Cancer Researchers to advance the use of real-world evidence and enhance clinical research in oncology in 2019. Further, Acurian and Synexus, a part of PPD, launched SynexusPlus in 2018. SynexusPlus is a site solution for patient enrollment in different clinical studies. This initiative is projected to enhance clinical trial productivity. This is expected to impact the market growth positively.
The report emphasizes the participation of key entities, notably:
- IQVIA Inc (U.S.).
- Charles River Laboratories (U.S).
- ICON Plc (Ireland)
- Parexel International Corporation (U.S)
- WuXi AppTec (China)
- Syneos Health (U.S).
- Labcorp Drug Development (U.S.).
- Parexel International Corporation (U.S.)
- PPD Inc. (U.S).
- Medpace, Inc. (U.S.)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Oncology Clinical Trial Monitor Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Phase (Phase I, Phase II, Phase III, Phase IV), Study Design (Interventional, Observational, Expanded Access), Cancer Type (Lung Cancer, Breast Cancer, Leukemia, Prostate Cancer, Others)
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