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Europe Clinical Trials Market Forecast to 2028
Europe Clinical Trials Market Forecast to 2028 – Regional Analysis – by Study Design (Interventional, Observational, and Expanded Access), Phase (Phase I, Phase II, Phase III, and Phase IV), and Indication (Autoimmune/Inflammation, Pain Management, Oncology, CNS Condition, Diabetes, Obesity, Cardiovascular, and Others)
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Description
Increasing Adoption and Outsourcing of Clinical Trials Fuels Europe clinical trials market.
Clinical trials help determine if a new form of treatment or prevention, such as a new drug, diet, or medical device, is safe and effective. The trials are mainly carried out during drug development. According to European Medicine Agency, in the European Union (EU), ~4,000 clinical trials are authorized annually, of which about 60% of clinical trials are associated with the pharmaceutical industry. An increasing number of clinical trials for developing different effective treatments due to the rising prevalence of chronic diseases is fueling the growth of the clinical trials market.
Further, clinical trials are increasingly becoming complex procedures, owing to which proper execution and overseeing of the operation occurring in research-based organizations has become crucial. To avoid errors due to improper execution, research-based organizations are outsourcing clinical trials to develop their products. Clinical research organizations (CROs) assist in successfully implementing clinical trials through the services offered using high-quality facilities and deep subject matter expertise. CROs have begun acting as a backbone of the clinical trial industry through their efficient and cost-effective operations benefitting trial sponsors. Thus, the development of cost-effective solutions and decreasing errors in CROs during the drug development process are driving the clinical trials market growth.
Europe Clinical Trials Market Overview
The Europe clinical trials market has been segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The rising number of clinical trial activities for new drug development and innovative product launches by the companies will likely enhance the market growth in Europe during the forecast period.
Cancer, cardiovascular illness, nervous system disorders, and infectious diseases are the most frequently studied conditions in clinical trials in Germany. Clinical research benefits from Germany’s well-established transport, communication, energy, and public services infrastructure, Moreover, there is a large patient pool and a high demand for quality healthcare in the country. Coordinating centers for clinical trials were established as part of a new funding program under the Federal Ministry of Education and Research to foster academic clinical research. Clinical trials in Germany are approved by the Federal Institute for Drugs and Medical Devices or the Paul-Ehrlich Institute, depending on the product to be investigated. Therefore, Germany’s clinical trial approval processes are standardized, reliable, transparent, and approved for relatively short study start-up timelines. Further, top CROs in Germany provide several clinical trial services. Sofpromed manages clinical trials in Germany and other EU member states. It offers a full range of CRO services for pharmaceutical and biotechnology companies. Similarly, CONET GmbH, headquartered in Mannheim, Germany, offers clinical trial management services from small pilot studies to large multicenter international clinical trials for all phases (1–4), including pediatric clinical trials and medical device trials as per EU Directives.
Europe clinical trials market Revenue and Forecast to 2028 (US$ Million)
Europe Clinical Trials Market Segmentation
The Europe clinical trials market is segmented into phase, study design, indication, and country.
Based on phase, the Europe clinical trials market is segmented into phase I, phase II, phase III, and phase IV. The phase III segment registered the largest Europe clinical trials market share in 2022.
Based on study design, the Europe clinical trials market is segmented into interventional, observational, and expanded access. The interventional segment held the largest Europe clinical trials market share in 2022.
Based on indication, the Europe clinical trials market is segmented into autoimmune/inflammation, pain management, oncology, CNS condition, diabetes, obesity, cardiovascular, and others. The oncology segment held the largest Europe clinical trials market share in 2022.
Based on country, the Europe clinical trials market has been categorized into the UK, Germany, France, Italy, Spain, and Rest of Europe. Germany dominated the Europe clinical trials market in 2022.
Charles River Laboratories International Inc, ICON Plc, IQVIA Holdings Inc, IXICO Plc, Laboratory Corp of America Holdings, Parexel International Corp, SGS SA, Syneos Health Inc, Thermo Fisher Scientific Inc, and WuXi AppTec Co Ltd. are some of the leading companies operating in the Europe clinical trials market.
Summary Info
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According to the research team research, the Europe clinical trials market was valued at US$ 15,739.35 million in 2022 and is expected to reach US$ 21,643.87 million by 2028, registering a CAGR of 5.5% from 2022 to 2028. Increasing adoption and outsourcing of clinical trials and flourishing pharmaceutical industry and increasing R&D activities in pharmaceutical industry are the critical factors attributed to the Europe clinical trials market expansion.
The pharmaceutical industry is one of the most R&D-intensive industries globally. The value of medicines is becoming increasingly important as pharmaceutical companies are keen to ensure that R&D achieves their intended goal. Over the last decade, the number of new drugs approved yearly has also increased. Efforts are being made to achieve greater effectiveness and efficiency in fulfilling patients’ needs. R&D expenditure is done to discover, examine, and produce new products; upfront payments; improve existing outcomes; and demonstrate product efficacy and regulatory compliance before launch. The R&D investments differ as per the need and demand for clinical trials. The cost includes materials, supplies used, and salaries, along with the cost of developing quality control.
On the contrary, expensive and time-consuming process hurdles the growth of Europe clinical trials market.
Based on phase, the Europe clinical trials market is segmented into phase I, phase II, phase III, and phase IV. The phase III segment held 53.2% share of Europe clinical trials market in 2022, amassing US$ 8,380.39 million. It is projected to garner US$ 11,730.62 million by 2028 to expand at 5.8% CAGR during 2022–2028.
Based on study design, the Europe clinical trials market is segmented into interventional, observational, and expanded access. The interventional segment held 51.7% share of Europe clinical trials market in 2022, amassing US$ 8,144.61 million. It is projected to garner US$ 11,328.99 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on Indication, the Europe clinical trials market is segmented into autoimmune/inflammation, pain management, oncology, CNS condition, diabetes, obesity, cardiovascular, and others. The oncology segment held 27.4% share of Europe clinical trials market in 2022, amassing US$ 4,307.66 million. It is projected to garner US$ 5,975.24 million by 2028 to expand at 5.6% CAGR during 2022–2028.
Based on country, the Europe clinical trials market has been categorized into the UK, Germany, France, Italy, Spain, and Rest of Europe. Our regional analysis states that Germany captured 29.5% share of Europe clinical trials market in 2022. It was assessed at US$ 4,635.24 million in 2022 and is likely to hit US$ 6,231.27 million by 2028, exhibiting a CAGR of 5.1% during 2022–2028.
Key players operating in the Europe clinical trials market are Charles River Laboratories International Inc, ICON Plc, IQVIA Holdings Inc, IXICO Plc, Laboratory Corp of America Holdings, Parexel International Corp, SGS SA, Syneos Health Inc, Thermo Fisher Scientific Inc, and WuXi AppTec Co Ltd among others.
In Feb 2023, Parexel launched a new expert series, New Medicines, Novel Insights. The series features fresh insights from the company’s global, cross-functional experts analyzing drug development trends and offering evidence-based guidance to the biopharmaceutical industry. In Feb 2022, IXICO next-generation brain imaging technology, which is more sensitive, accurate, and flexible than the current platform, will be available for clinical trials from March.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe clinical trials market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Europe clinical trials market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the clinical trials market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Europe Clinical Trials Market – By Phase
1.3.2 Europe Clinical Trials Market – By Study Design
1.3.3 Europe Clinical Trials Market – By Indication
1.3.4 Europe Clinical Trials Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Clinical Trials Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Experts Opinion
5. Europe Clinical Trials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption and Outsourcing of Clinical Trials
5.1.2 Flourishing Pharmaceutical Industry and Increasing R&D Activities in Pharmaceutical Industry
5.2 Market Restraints
5.2.1 Expensive and Time-Consuming Process
5.3 Market Opportunities
5.3.1 Adoption of Decentralized Clinical Trials and Hybrid Clinical Trials
5.4 Future Trends
5.4.1 AI-Driven Clinical Trials
5.5 Impact Analysis
6. Clinical Trials Market – Europe Analysis
6.1 Europe Clinical Trials Market Revenue Forecast and Analysis
7. Europe Clinical Trials Market Revenue and Forecast To 2028 – by Study Design
7.1 Overview
7.2 Europe Clinical Trials Market Revenue Share, by Study Design (2022 and 2028)
7.3 Interventional
7.3.1 Overview
7.3.2 Interventional: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Observational
7.4.1 Overview
7.4.2 Observational: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Expanded Access
7.5.1 Overview
7.5.2 Expanded Access: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Clinical Trials Market – By Phase
8.1 Overview
8.2 Europe Clinical Trials Market, by Phase, 2022 and 2028 (%)
8.3 Phase III
8.3.1 Overview
8.3.2 Phase III: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Phase II
8.4.1 Overview
8.4.2 Phase II: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Phase IV
8.5.1 Overview
8.5.2 Phase IV: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Phase I
8.6.1 Overview
8.6.2 Phase I: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Clinical Trials Market Revenue and Forecast To 2028 – Indication
9.1 Overview
9.2 Europe Clinical Trials Market Revenue Share, by Indication (2022 and 2028)
9.3 Autoimmune/Inflammation
9.3.1 Overview
9.3.2 Autoimmune/Inflammation: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pain Management
9.4.1 Overview
9.4.2 Pain Management: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Oncology
9.5.1 Overview
9.5.2 Oncology: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.6 CNS Condition
9.6.1 Overview
9.6.2 CNS Condition: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Diabetes
9.7.1 Overview
9.7.2 Diabetes: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Obesity
9.8.1 Overview
9.8.2 Obesity: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Cardiovascular
9.9.1 Overview
9.9.2 Cardiovascular: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.10 Other
9.10.1 Overview
9.10.2 Other: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Clinical Trials Market – Revenue and Forecast to 2028 – Country Analysis
10.1 Europe: Clinical Trials Market
10.1.1 Overview
10.1.2 Europe: Clinical Trials Market, by Country, 2022 & 2028 (%)
10.1.2.1 Germany: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Overview
10.1.2.1.2 Germany: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.3 Germany: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.1.4 Germany: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.1.5 Germany: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
10.1.2.2 UK: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 Overview
10.1.2.2.2 UK: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.3 UK: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.2.4 UK: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.2.5 UK: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
10.1.2.3 France: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Overview
10.1.2.3.2 France: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.3 France: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.3.4 France: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.3.5 France: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
10.1.2.4 Italy: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 Overview
10.1.2.4.2 Italy: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.3 Italy: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.4.4 Italy: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.4.5 Italy: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
10.1.2.5 Spain: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 Overview
10.1.2.5.2 Spain: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.3 Spain: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.5.4 Spain: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.5.5 Spain: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
10.1.2.6 Rest of Europe: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Overview
10.1.2.6.2 Rest of Europe: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.3 Rest of Europe: Clinical Trials Market, by Phase, 2020-2028 (US$ Million)
10.1.2.6.4 Rest of Europe: Clinical Trials Market, by Study Design, 2020-2028 (US$ Million)
10.1.2.6.5 Rest of Europe: Clinical Trials Market, by Indication, 2020-2028 (US$ Million)
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 IQVIA Holdings Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Parexel International Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 IXICO Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Charles River Laboratories International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ICON Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 WuXi AppTec Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SGS SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Syneos Health Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Thermo Fisher Scientific Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Laboratory Corp of America Holdings
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany: Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 4. UK Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 5. UK Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 6. UK Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 13. Spain: Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 14. Spain: Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 15. Spain: Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Europe: Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 19. Organic Developments Done by Companies
Table 20. Inorganic Developments Done by Companies
Table 21. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Clinical Trials Market Segmentation
Figure 2. Europe Clinical Trials Market, By Region
Figure 3. Europe Clinical Trials Market Overview
Figure 4. Phase III Segment Held Largest Share of Phase Segment in Europe Clinical Trials Market
Figure 5. The UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Europe: PEST Analysis
Figure 7. Europe Experts Opinion
Figure 8. Impact Analysis
Figure 9. Europe Clinical Trials Market– Revenue Forecast and Analysis – 2020- 2028
Figure 10. Europe Clinical Trials Market Revenue Share, by Study Design (2022 and 2028)
Figure 11. Interventional: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Observational: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Expanded Access: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Clinical Trials Market, by Phase 2022 and 2028 (%)
Figure 15. Phase III: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Phase II: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Phase IV: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Phase I: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Clinical Trials Market Revenue Share, by Indication (2022 and 2028)
Figure 20. Autoimmune/Inflammation: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Pain Management: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Oncology: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. CNS Condition: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Diabetes: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Obesity: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Cardiovascular: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Other: Europe Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe: Clinical Trials Market, by Key Country – Revenue (2022) (US$ Million)
Figure 29. Europe: Clinical Trials Market, by Country, 2022 & 2028 (%)
Figure 30. Germany: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. France: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Spain: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies – Europe Clinical Trials Market
o Charles River Laboratories International Inc
o ICON Plc
o IQVIA Holdings Inc
o IXICO Plc
o Laboratory Corp of America Holdings
o Parexel International Corp
o SGS SA
o Syneos Health Inc
o Thermo Fisher Scientific Inc
o WuXi AppTec Co Ltd
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