HEALTHCARE

Market Overview: The global market for Clinical Trials is anticipated to expand at an impressive CAGR of 5.7% during the forecast period from 2017 to 2023 . This growth is attributable to the increasing investment in the healthcare industry, especially on the research and development of newer drugs and treatment in order to cater to the rising need for newer technologies globally. The clinical trials are the research study, which conducts the safety and efficacy test of the new drug. These trails are conducted for testing the wide-ranging drugs and medical devices. The market growth is primarily relied on the key factors, including the increasing prevalence of chronic and long-term diseases coupled with increasing investment in the R&D sector globally. In addition to this, industrialization has led to increased disposable income, globalization, and increased awareness about the health and availability of several key and important drugs. These factors are driving growth o...

Market Highlights: Clinical trial is a research study which involve people (healthy volunteers or patients) to test the safety and efficacy of a new treatment or medicine. In healthcare industry clinical trials are performed for medicine, medical devices which includes hearing aid and surgical procedure. The key factors driving the clinical trial industry includes rising prevalence of diseases, high R&D expenditure of the pharmaceutical industry, and growth of new treatments such as personalized medicine is supporting to grow the market. However, factors such as lack of skilled workforce clinical research, lower healthcare reimbursement in the developing countries and stringent regulations for patient enrollment, hinder the market growth. The market for global clinical trial market is estimated to grow at an approximate CAGR of 5.7% from 2017 to 2023. Key Players: ·          Charles River Laboratories ·    ...