
Latin America Clinical Trials Support Services Market 2022-2028
Description
Latin America Clinical Trials Support Services Market 2022-2028
MARKET OUTLOOK
The market for clinical trials support services in Latin America is predicted to exhibit growth, with a CAGR of 7.12% over the forecasting duration between 2022 and 2028, as per a report by Triton Market Research. Brazil, Mexico, and Rest of Latin America are included in the market in this region.
Over the last decade, the number of clinical research activities being conducted in Brazil has grown at an exponential rate. The last three years, especially, have seen a significant increase. In 2021, the leading therapy area for industry-sponsored clinical trials in the country was infectious disease (accounting for the highest market share at 36.4%). This was followed by oncology (accounting for 23.1% of the market share), cardiovascular diseases (accounting for 7.1% of the market share), central nervous system disorders (accounting for a 7.1% market share), and metabolic disorders (which held a market share of 6.8%).
The growing number of clinical trials have called for the use of support services to conduct these trials more efficiently. This is expected to enhance the growth of the clinical trials support services market in the country. Besides, a number of companies operating in this field are now focusing on the Brazilian market. Additionally, the number of domestic players has also increased. For instance, Synova Health, a São Paulo-based company, offers clinical monitoring services, project management services, and others. This is expected to further contribute to market growth in the coming years.
COMPETITIVE OUTLOOK
Some of the distinguished players engaged in the clinical trials support services market include Syneos Health, IQVIA, CTI Clinical Trial and Consulting Services Inc, Medpace, Charles River Laboratories, ICON Plc, WuXi AppTec, and Clinipace.
MARKET OUTLOOK
The market for clinical trials support services in Latin America is predicted to exhibit growth, with a CAGR of 7.12% over the forecasting duration between 2022 and 2028, as per a report by Triton Market Research. Brazil, Mexico, and Rest of Latin America are included in the market in this region.
Over the last decade, the number of clinical research activities being conducted in Brazil has grown at an exponential rate. The last three years, especially, have seen a significant increase. In 2021, the leading therapy area for industry-sponsored clinical trials in the country was infectious disease (accounting for the highest market share at 36.4%). This was followed by oncology (accounting for 23.1% of the market share), cardiovascular diseases (accounting for 7.1% of the market share), central nervous system disorders (accounting for a 7.1% market share), and metabolic disorders (which held a market share of 6.8%).
The growing number of clinical trials have called for the use of support services to conduct these trials more efficiently. This is expected to enhance the growth of the clinical trials support services market in the country. Besides, a number of companies operating in this field are now focusing on the Brazilian market. Additionally, the number of domestic players has also increased. For instance, Synova Health, a São Paulo-based company, offers clinical monitoring services, project management services, and others. This is expected to further contribute to market growth in the coming years.
COMPETITIVE OUTLOOK
Some of the distinguished players engaged in the clinical trials support services market include Syneos Health, IQVIA, CTI Clinical Trial and Consulting Services Inc, Medpace, Charles River Laboratories, ICON Plc, WuXi AppTec, and Clinipace.
Table of Contents
109 Pages
- 1. Latin America Clinical Trials Support Services Market – Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Clinical Trials Support Services Market
- 2.2. Key Insights
- 2.2.1. Key Players’ Promising Collaborations
- 2.2.2. Increase In Screening Tests
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Key Buying Impact Analysis
- 2.4.1. Performance
- 2.4.2. Ease Of Use
- 2.4.3. Security
- 2.4.4. Cost Effectiveness
- 2.5. Market Attractiveness Index
- 2.6. Vendor Scorecard
- 2.7. Industry Components
- 2.8. Key Market Strategies
- 2.8.1. Acquisitions
- 2.8.2. Product Launches
- 2.8.3. Contracts & Agreements
- 2.8.4. Investments & Expansions
- 2.9. Market Drivers
- 2.9.1. Need To Overcome The Barriers In Clinical Trials
- 2.9.2. Rise In Trials Due To Increased Disease Incidence
- 2.10. Market Challenges
- 2.10.1. Delayed Approval Due To Stringent Regulatory Framework
- 2.10.2. Use Of Open-source Software
- 2.11. Market Opportunities
- 2.11.1. Increasing Demand For Vaccines And Pharmaceuticals
- 2.11.2. Data Management Service Expected To Witness Notable Growth
- 2.11.3. Acquisitions In The Clinical Trials Support Services Market
- 3. Latin America Clinical Trials Support Services Market Outlook – By Phase Type
- 3.1. Phase I
- 3.2. Phase Ii
- 3.3. Phase Iii
- 3.4. Phase Iv
- 4. Latin America Clinical Trials Support Services Market Outlook – By Service
- 4.1. Clinical Trial Site Management
- 4.2. Administrative Services
- 4.3. Patient Recruitment Management
- 4.4. Regulatory Services
- 4.5. Data Management
- 4.6. Other Services
- 5. Latin America Clinical Trials Support Services Market Outlook – By Sponsor
- 5.1. Pharmaceutical & Biopharmaceutical Companies
- 5.2. Medical Device Companies
- 5.3. Other Sponsors
- 6. Latin America Clinical Trials Support Services Market – Country Outlook
- 6.1. Brazil
- 6.2. Mexico
- 6.3. Rest Of Latin America
- 7. Competitive Landscape
- 7.1. Iqvia
- 7.2. Parexel
- 7.3. Icon Plc
- 7.4. Syneos Health
- 7.5. Labcorp Drug Development
- 7.6. Clinipace
- 7.7. Kcr
- 7.8. Charles River Laboratories
- 7.9. Medpace
- 7.10. Alcura
- 7.11. Psi Cro
- 7.12. Worldwide Clinical Trials
- 7.13. Cti Clinical Trial And Consulting Services Inc
- 7.14. Wuxi Apptec
- 7.15. Advanced Clinical
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Table List
- Table 1: Latin America Clinical Trials Support Services Market, Country Outlook, 2022-2028 (In $ Million)
- Table 2: List Of Collaborations
- Table 3: Vendor Scorecard
- Table 4: List Of Acquisitions
- Table 5: List Of Product Launches
- Table 6: List Of Contracts & Agreements
- Table 7: List Of Investments & Business Expansions
- Table 8: List Of Pandemic Outbreaks
- Table 9: List Of Open-source Software
- Table 10: Launch Of Medical Drugs
- Table 11: Promising Acquisitions In The Market
- Table 12: Latin America Clinical Trials Support Services Market, By Service, 2022-2028 (In $ Million)
- Table 13: Latin America Clinical Trials Support Services Market, By Phase Type, 2022-2028 (In $ Million)
- Table 14: Latin America Clinical Trials Support Services Market, By Sponsor, 2022-2028 (In $ Million)
- Table 15: Latin America Clinical Trials Support Services Market, Country Outlook, 2022-2028 (In $ Million)
- Figure List
- Figure 1: Key Buying Impact Analysis
- Figure 2: Market Attractiveness Index
- Figure 3: Industry Components
- Figure 4: Latin America Clinical Trials Support Services Market, By Phase Type, 2021 & 2028 (In %)
- Figure 5: Latin America Clinical Trials Support Services Market, By Phase I, 2022-2028 (In $ Million)
- Figure 6: Latin America Clinical Trials Support Services Market, By Phase Ii, 2022-2028 (In $ Million)
- Figure 7: Latin America Clinical Trials Support Services Market, By Phase Iii, 2022-2028 (In $ Million)
- Figure 8: Latin America Clinical Trials Support Services Market, By Phase Iv, 2022-2028 (In $ Million)
- Figure 9: Latin America Clinical Trials Support Services Market, By Service, 2021 & 2028 (In %)
- Figure 10: Latin America Clinical Trials Support Services Market, By Clinical Trial Site Management, 2022-2028 (In $ Million)
- Figure 11: Latin America Clinical Trials Support Services Market, By Administrative Services, 2022-2028 (In $ Million)
- Figure 12: Latin America Clinical Trials Support Services Market, By Patient Recruitment Management, 2022-2028 (In $ Million)
- Figure 13: Latin America Clinical Trials Support Services Market, By Regulatory Services, 2022-2028 (In $ Million)
- Figure 14: Latin America Clinical Trials Support Services Market, By Data Management, 2022-2028 (In $ Million)
- Figure 15: Latin America Clinical Trials Support Services Market, By Other Services, 2022-2028 (In $ Million)
- Figure 16: Latin America Clinical Trials Support Services Market, By Sponsor, 2021 & 2028 (In %)
- Figure 17: Latin America Clinical Trials Support Services Market, By Pharmaceutical & Biopharmaceutical Companies, 2022-2028 (In $ Million)
- Figure 18: Latin America Clinical Trials Support Services Market, By Medical Device Companies, 2022-2028 (In $ Million)
- Figure 19: Latin America Clinical Trials Support Services Market, By Other Sponsors, 2022-2028 (In $ Million)
- Figure 20: Latin America Clinical Trials Support Services Market, Country Outlook, 2021 & 2028 (In %)
- Figure 21: Brazil Clinical Trials Support Services Market 2022-2028 (In $ Million)
- Figure 22: Mexico Clinical Trials Support Services Market 2022-2028 (In $ Million)
- Figure 23: Rest Of Latin America Clinical Trials Support Services Market 2022-2028 (In $ Million)
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