AI-based Clinical Trials Solution Provider Market: A Breakdown of the Industry by Technology and Geography

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Increasing adoption of AI-enabled digital health technology and increasing focus to reduce clinical trial costs and duration are some key factors driving market revenue growth

Global AI-based Clinical Trials Solution Provider Market Research Report and Forecast to 2028 is an investigative report providing an extensive study of the global AI-based Clinical Trials Solution Provider Market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the AI-based Clinical Trials Solution Provider Market on the global and regional scale, along with a thorough forecast estimation to 2021. The new report is updated with the impact of the COVID-19 pandemic on the AI-based Clinical Trials Solution Provider Market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region.

The global AI-based clinical trials solution provider market size reached USD 1.24 Billion in 2020 and is expected to register a revenue CAGR of 21.5% during the forecast period. Increasing adoption of Artificial Intelligence (AI)-enabled digital technology is a key factor driving global AI-based clinical trials solution provider market revenue growth.

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Increasing use of AI-enabled digital health technologies coupled with patient support platforms is expected to improve patient engagement and retention throughout study duration as well as after study termination, which is expected to propel revenue growth of the global AI-based clinical trial solution provider market. AI-enabled technologies are enabling data integration and interpretation along with evolutionary modelling and pattern recognition for gathering, normalizing, analyzing, and harnessing the growing volumes of data that fuel modern therapy development. Thus, AI and advanced analytics are considered as the digital technology that can potentially improve clinical RD productivity and clinical outcomes, and this is expected to augment growth of global AI-based clinical trials solution provider market to a significant extent.

Competitive Terrain:

The Global AI-based Clinical Trials Solution Provider Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

The leading market contenders listed in the report are as follows:

AiCure, LLC, Unlearn.AI, Inc., BioAge Labs Inc., Antidote Technologies, Inc., Saama Technologies Inc., International Machine Business Corporation (IBM), Concentro Health AI, Deep 6 AI Inc., PathAI Inc., and Owkin Inc.

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Segmental Analysis

The global AI-based Clinical Trials Solution Provider market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the AI-based Clinical Trials Solution Provider sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Emergen Research has segmented the global AI-based clinical trials solution provider market on the basis of clinical trial phase, therapeutic application, end-use, and region:

Clinical Trial Phase Outlook (Revenue, USD Billion; 2018–2028)

  • Phase-I
  • Phase-II
  • Phase-III

Therapeutic Application Outlook (Revenue, USD Billion; 2018–2028)

  • Cancer
  • Cardiovascular Disease
  • Neurological Disease
  • Metabolic Disease
  • Infectious Disease
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Pharmaceuticals
  • Academia
  • Contract Research Organizations (CROs)

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Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the AI-based Clinical Trials Solution Provider market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global AI-based Clinical Trials Solution Provider market into various regions, including:

North America (U.S., Canada)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

Key Questions Answered in the Report:

What will be the estimated growth rate of the AI-based Clinical Trials Solution Provider market by 2028?

Who are the prominent distributors, vendors, and manufacturers of the market?

What are the driving and restraining factors of the growth of the AI-based Clinical Trials Solution Provider market throughout the forecast period?

What are the current and future market trends of the AI-based Clinical Trials Solution Provider market?

What are the sales and price analysis of the product by types, applications, and regions?

What are the expected opportunities for the companies and new entrants in the coming years?

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