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Clinical Trial Support Services: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Clinical Trial Support Services Market Research Report | NAICS OD4179 | May 2016

Growth phase: Increased private and government investment will support revenue

IBISWorld’s Clinical Trial Support Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
5.7%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
8,230
Businesses
918
Industry Threats & Opportunities
  • Stronger corporate profit has stimulated stronger private investment in clinical trials
  • Industry operators have experienced the strongest demand from oncological researchers
  • Government funding for R&D in medical fields is expected to continue expanding over the next five years
  • ... purchase to read more

Industry Analysis & Industry Trends

The Clinical Trial Support Services industry provides preclinical trial preparation work, tracks and records results and data, as well as prepares information for regulatory submission and data storage. Although government funding has been volatile due to fluctuating economic conditions in the public and private sectors, overall spending on healthcare has been strong, and industry revenue has increased over the past five years. Over the next five years, the Clinical Trial Support Services industry is expected to maintain similar growth, benefiting from greater stability due to consistent funding from private and public sources... ... purchase to read more

Industry Report - Industry Products Chapter

The Clinical Trial Support Services industry provides preclinical trial preparation work, tracks and record results, and prepares data for regulatory submission and data storage. These services are provided for drug clinical trials, behavioral clinical trials, surgical procedure clinical trials and medical device clinical trials.

Drug clinical trials

Support services for drug trials account for an estimated 46.8% of industry revenue. Pharmaceutical companies, as well as government research organizations and universities outsource several aspects of their clinical and nonclinical research projects to industry operators. Bec.. ... purchase to read more

Additional Insights for the Clinical Trial Support Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clinical Trial Support Services Industry are

  • Ability to quickly adopt new technology
  • Access to highly skilled workforce
  • Ability to vary services to suit different needs
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Federal funding for Medicare and Medicaid in the Clinical Trial Support Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Clinical Trial Support Services Industry?

    Companies in this industry provide medical clinical trial services. Typically, industry operators will provide preclinical trial preparation work, track and record results and prepare data for regulatory submission and data storage.

    Industry Products
    Drug clinical trialsBehavioral clinical trialsMedical device clinical trialsSurgical procedure clinical trials
     
    Industry Activities
    Preparation of medical clinical trial servicesTracking and recording results and dataPreparing data and information for regulatory submission


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Government funding for universities
  • Prime rate
  • Current Performance
  • Funding volatility
  • Leading growth areas
  • Trial registration and industry expansion
  • Chart: Revenue Growth
  • Industry Outlook
  • Funding stability improves
  • Growth areas
  • Profitability and industry structure
  • Table: Clinical Trial Support Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clinical Trial Support Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Key Selling Industries
  • Chemical Product Manufacturing
  • Computer & Packaged Software Wholesaling
  • Computer Stores
  • Medical Instrument & Supply Manufacturing
  • Products & Services
  • Drug clinical trials
  • Behavioral clinical trials
  • Medical device clinical trials
  • Surgical procedure clinical trials
  • Chart: Clinical Trial Support Services Industry Products and Services Segmentation
  • Demand Determinants
  • Outsourcing
  • Research and development (R&D) spending
  • Demographic trends
  • Major Markets
  • Federal government
  • Universities and colleges
  • Commercial corporations
  • State and local governments
  • Nonprofits
  • Chart: Major Market Segmentation for the Clinical Trial Support Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Clinical Trial Support Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clinical Trial Support Services Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Clinical Trial Support Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Clinical Trial Support Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Research and development expenditure (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    In Vitro Diagnostics
  • In vitro diagnostics are tests that can detect diseases, conditions, or infections.
  • Oncology
  • Oncology is a branch of medicine that deals with tumours and cancer treatment.
  • Patent Cliff
  • The term patent cliff refers to an abrupt expiration in a number of patents with large sales.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Clinical Trial Support Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clinical Trial Support Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clinical Trial Support Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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