NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The clinical trials market in US size is estimated to grow by USD 5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.38% during the forecast period. Rise in number of clinical trials of drugs is driving market growth, with a trend towards advancement in technology and scientific research. However, rise in cost of clinic trials poses a challenge. Key market players include Accell Clinical Research LLC, Apex Medical Research Inc., Caidya, Charles River Laboratories International Inc., Clinipace Inc., CTI Clinical Trial and Consulting Inc., Eli Lilly and Co., eResearchTechnology GmbH, ICON plc, IQVIA Holdings Inc., Laboratory Corp. Of America Holdings, Medpace Holdings Inc., Novartis AG, Novo Nordisk AS, Parexel International Corp., Pfizer Inc., Sanofi SA, Syneos Health Inc., Thermo Fisher Scientific Inc., and WuXi AppTec Co. Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Clinical Trials Market in the US is experiencing significant growth, driven by biopharmaceutical and medical device companies seeking to bring new drug candidates to market. Contract Research Organizations (CROs) play a crucial role in this process, providing essential services to pharmaceutical companies during all phases of clinical research, from Phase I to IV. This includes working with healthcare workers to conduct studies on various diseases such as cardiology, autoimmune, inflammation, pain management, oncology, CNS conditions, diabetes, obesity, and cardiovascular conditions. Technological evolution is a key trend in the market, with the use of AI, IoT, real-world data, patient-centric trials, virtual trials, and home healthcare services driving digitalization. The demand for CROs is high, with companies like Parexel and Syneos Health leading the way in providing CRO services. Small-molecule drugs, biologics, biosimilars, and large-molecule drugs are all under development, with raw material suppliers and laboratory services supporting research activities. The industry is at a growth stage, with R&D programs and outsourcing activities expanding. The European Medicines Agency and other regulatory bodies are also playing a role in the market, with an increased focus on personalized medicine and advanced therapies. Patent expiration is leading to an increased focus on post-marketing surveillance. The degree of innovation is high, with big data analytics, remote monitoring, and electronic data capture driving progress. End-users include hospitals and clinics, with virtual clinical trials, interventional studies, expanded access trials, and compassionate use trials also playing a role. Industries like Thermo Fisher Scientific and CorEvitas, LLC are contributing to the market with their expertise in various areas. The clinical trials market in the US has experienced substantial progress due to technological and scientific advancements. Notable developments include the implementation of electronic data capture (EDC) systems. EDC platforms streamline and enhance clinical trial data management. Researchers can now electronically record data from study participants, eliminating the need for paper-based systems and manual data entry. This leads to time savings, reduced errors, and improved data quality. EDC systems play a crucial role in the efficient and effective testing and approval of new medications and therapies. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! The Clinical Trials Market in the US is a significant sector, involving biopharmaceutical and medical device companies, Contract Research Organizations (CROs), and various end-users like hospitals and clinics. Challenges include bringing new drug candidates, including small-molecule drugs, biologics, biosimilars, and large-molecule drugs, through Phase I, II, III, and IV trials for indications like autoimmune, inflammation, pain management, oncology, CNS conditions, diabetes, obesity, and cardiovascular diseases. Healthcare workers collaborate with CROs to conduct research activities, while raw material suppliers and laboratory services support the process. Technological evolution, including genomics, AI, IoT, real-world data, patient-centric trials, virtual trials, home healthcare services, and digitalization, is transforming the industry. End-users, including people with diseases, seek personalized medicine and innovative treatments, driving the demand for CROs and R&D programs. The industry's growth stage is influenced by outsourcing activities, patent expiration, and regulatory requirements from the European Medicines Agency and FDA. Companies like Parexel, Syneos Health, Thermo Fisher Scientific, and CorEvitas LLC contribute to the degree of innovation with electronic data capture, decentralized trials, telemedicine, and advanced therapies. The cost of clinical trials in the US has emerged as a major concern for the healthcare sector. Complexity in research protocols, stringent regulatory requirements, and the high cost of acquiring and maintaining technology and equipment are primary reasons for this increase. The demand for large-scale, multicenter trials further adds to the expenses. The intricacy of research protocols has grown as the medical field advances, necessitating extensive and detailed protocols to ensure precise data collection and analysis. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This clinical trials market in US report extensively covers market segmentation by 1.1 Phase III 1.2 Phase I 1.3 Phase II 1.4 Phase IV 2.1 Interventional studies 2.2 Observational studies 2.3 Expanded access studies 3.1 Oncology 3.2 CNS 3.3 Autoimmune/inflammation 3.4 Others 4.1 North America 1.1 Phase III- The Phase III segment of clinical trials in the US plays a crucial role in testing the safety and efficacy of new drugs or medical treatments before they are approved for public use. This phase is the final step in the drug development process and involves testing the investigational treatment on a larger population to gather more data and assess potential benefits and risks. For instance, a new cancer drug that has already undergone rigorous testing in Phase I and II trials will enter Phase III trials, where it is administered to a larger group of cancer patients. The trial aims to gather more evidence on the drug's safety profile, dosage, side effects, and long-term outcomes. Phase III trials involve hundreds or even thousands of participants spread across multiple trial sites in the country. These trials are meticulously planned, ethically conducted, and require data management systems. Regulatory authorities, such as the US Food and Drug Administration (FDA), rely on the data from Phase III trials to evaluate the safety and effectiveness of new treatments and make informed decisions about their approval. The growing demand for new treatments and the increasing focus on personalized medicine are expected to drive the growth of the Phase III clinical trials market in the US during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 - 2021) The Clinical Trials Market in the US is experiencing significant growth due to the increasing number of biopharmaceutical and medical device companies investing heavily in Research & Development (R&D) for new drug candidates and medical devices. Clinical research organizations (CROs) and laboratories play a crucial role in conducting clinical trials for these companies. The focus on patient-centric trials, virtual trials, and real-world data is transforming the clinical trials landscape. Technological advancements such as genomics, Artificial Intelligence (AI), Internet of Things (IoT), and digital health are revolutionizing the way trials are conducted. Small-molecule drugs and biologics continue to dominate the market, with Interferon-beta treatment being a notable example. The technological evolution of clinical trials is enabling faster and more efficient trial processes, benefiting both healthcare workers and patients alike. Traditional clinical trials are being supplemented with innovative approaches to address the challenges of recruiting and retaining patients, ensuring data accuracy, and reducing trial costs. The Clinical Trials Market in the US is a dynamic and evolving industry, driven by the research and development (R&D) activities of biopharmaceutical companies and medical device manufacturers. The market encompasses various stakeholders including clinical research organizations (CROs), healthcare workers, and end-users such as hospitals and clinics. The pipeline includes drug candidates ranging from small-molecule drugs to biologics and biosimilars, with a focus on indications like autoimmune, inflammation, pain management, oncology, CNS conditions, diabetes, obesity, and cardiovascular diseases. Technological advancements, such as genomics, AI, IoT, real-world data, patient-centric trials, virtual trials, home healthcare services, digitalization, and electronic data capture, are transforming the landscape. The industry is in a growth stage, with a high demand for CRO services, decentralized trials, telemedicine, and advanced therapies. The European Medicines Agency and regulatory bodies play a crucial role in post-marketing surveillance. The degree of innovation is high, with a focus on personalized medicine, R&D programs, outsourcing activities, and patent expiration. Key trends include the use of interventional studies, expanded access trials, compassionate use trials, and the evolution of traditional clinical trials towards more decentralized and virtual models. Companies like Parexel, Syneos Health, Thermo Fisher Scientific, and CorEvitas, LLC are at the forefront of these developments. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Phase III Phase I Phase II Phase IV Service Type Interventional Studies Observational Studies Expanded Access Studies Indication Oncology CNS Autoimmune/inflammation Others Geography North America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioRely partners with Credendo and Bpifrance to push green hydrogen projects forward This signature sets the willingness of the two Export Credit Agencies (ECA’s) to provide Rely clients with insurance, co-insurance or re-insurance schemes with the view of maximizing the project eligibility to ECA financing, based on the large eligible sourcing that the standardized product approach of Rely will enable. This will facilitate the involvement of commercial banks as lenders to Rely’s clients for debt financing at competitive rates. ECA’s will provide insurances to commercial banks for loans granted for project financing, covering commercial and political risks up to 95% of commercial bank’s losses in case of default, thus enabling credit approval by lenders. 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Manuel, who has held the position since 2016, signed through June 30, 2030, the school announced. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
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(AP) — The global phenomenon that is Taylor Swift’s Eras Tour is coming to an end after the popstar performed more than 150 shows across five continents over nearly two years. Since launching the tour in 2023, Swift has shattered sales and attendance records. It's even created such an economic boom that the Federal Reserve took note. But for many who attended the concerts, and the millions more who eagerly watched on their screens, the tour also became a beacon of joy. It's become a chance not only to appreciate Swift’s expansive music career, but also celebrate the yearslong journey fans have taken with her. Jury revisits key videos in NYC subway chokehold death trial NEW YORK (AP) — Jurors have asked to review police and bystander video at the heart of the New York City chokehold manslaughter case against Daniel Penny. The request came during a second day of deliberations Wednesday. The jury asked for a second look at videos captured by the body cameras of officers who responded to the subway car where Penny grabbed hold of Jordan Neely in May 2023. Neely's agitated behavior and remarks were frightening passengers. Jurors also asked to revisit Penny's interview with detectives and a bystander's video of much of the roughly six-minute restraint. And the jury also requested to rehear part of a city medical examiner’s testimony. Penny's lawyers say his actions were justified. Relatives hunt for the missing after Guinea stadium crush amid fears official death toll is too low CONAKRY, Guinea (AP) — Kambaly Kouroumah was searching a local morgue for his teenage brother, Adama, who died after chaos erupted at a soccer game in southern Guinea’s Nzerekore city. Adama, 15, was among 56 people that officials said were killed in Sunday's crush, although rights groups reported a death toll nearly three times higher. Local media, rights groups and witnesses say security forces used tear gas to respond after fans began to throw stones to protest a referee's decision during the soccer game that was organized in honor of Guinea's junta leader, Col. Mamadi Doumbouya. Many of the dead were crushed as they tried to escape through the stadium gates, videos showed. Power shortages in Ecuador are melting away the future of a small town’s ice-cream industry SALCEDO, Ecuador (AP) — Ice-cream production in this quiet Ecuadorian town began in the mid-20th century in a convent for Franciscan nuns. The nuns sold their creamy popsicles in town to gather funds for the poor. But the people of Salcedo saw a business opportunity and began experimenting with new flavors and techniques, establishing a thriving popsicle industry that has made their small town famous among ice-cream lovers. But now, the South American nation is struggling with a relentless wave of power cuts that threaten the future of Salcedo’s ice-cream industry, melting away its dreams of a more prosperous future. Senegalese artisans in the spotlight as they exhibit for the first time at a prestigious art event DAKAR, Senegal (AP) — For the artistic and cultural elites of the West African nation of Senegal, the monthlong Dakar Biennale of Contemporary African Arts is a celebratory moment. But it wasn’t until this year that the local artisans in the Soumbedioune crafts market, just off the Corniche and at the doorstep on the Medina working-class neighborhood, realized what the Biennale was. Craftsmanship is deeply rooted in the country’s culture, but its role has declined in recent years. As living costs rise, many Senegalese opt for cheaper, Chinese-imported products. And those that can afford it buy Western clothes and furniture to mark their social status. Eminem's mother Debbie Nelson, whose rocky relationship fueled the rapper's lyrics, dies at age 69 Debbie Nelson, the mother of rapper Eminem whose rocky relationship with her son was known widely through his song lyrics, has died. She was 69. Eminem’s longtime representative Dennis Dennehy confirmed Nelson’s death in an email on Tuesday. He did not provide a cause of death, although Nelson had battled lung cancer. Nelson’s fraught relationship with her son, whose real name is Marshall Mathers III, has been no secret since the Detroit rapper became a star. Nelson brought and settled two defamation lawsuits over Eminem’s statements about her in magazines and on radio talk shows. In her 2008 book, “My Son Marshall, My Son Eminem,” she attempted to set the record straight.
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