Clinical Trials Market Size and Global Forecast Report 2024: Industry Trends, Share, Growth, Insight, Company Analysis 2023-2030 [Yahoo! Finance]
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Source: Yahoo! Finance
of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering. Global Clinical Trials Market is predicted to be valued at around US$ 83.16 Billion by 2030 from US$ 55.20 Billion in 2023, growing at a CAGR of 6.03% during 2024-2030 Currently, the clinical trials industry is evolving with technological advancements, streamlined regulations, and patient-centric approaches. AI, machine learning, and blockchain will transform clinical trials. They will make trials more efficient and cost-effective while increasing inclusivity and diversity. Precision medicine and biomarker-driven trials will enable tailored treatments for individual patients. The growing burden of diseases needs more advanced and effective medicines for treatment, thus contributing to the market's growth. For instance, as per the IDF Atlas, there were 536.6 million people aged 20-79 living with diabetes globally, which is expected to reach 783.7 million by 2045. Such an excessive burden o
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