Clinical Trials Market is Expected to Grow at a Sensational CAGR of 5.7% During Forecast 2018-2023
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 · ...