AI-based Clinical Trials Solution Provider Market: A Study of the Industry's Key Players and Their Strategies

AI-based Clinical Trials Solution Provider Market: A Study of the Industry's Key Players and Their Strategies
5 min read

The global AI-based clinical trials solution provider market size reached USD 1.30 Billion in 2021 and is expected to register a revenue CAGR of 22% during the forecast period. Increasing adoption of Artificial Intelligence (AI)-enabled digital technology is a key factor driving global AI-based clinical trials solution provider market revenue growth. 

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Increasing use of AI-enabled digital health technologies coupled with patient support platforms is expected to improve patient engagement and retention throughout study duration as well as after study termination, which is expected to propel revenue growth of the global AI-based clinical trial solution provider market. AI-enabled technologies are enabling data integration and interpretation along with evolutionary modelling and pattern recognition for gathering, normalizing, analyzing, and harnessing the growing volumes of data that fuel modern therapy development. Thus, AI and advanced analytics are considered as the digital technology that can potentially improve clinical R&D productivity and clinical outcomes, and this is expected to augment growth of global AI-based clinical trials solution provider market to a significant extent.

COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the AI-based Clinical Trials Solution Provider market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the AI-based Clinical Trials Solution Provider market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era.

Report Objective:

The report offers a complete analysis of the global AI-based Clinical Trials Solution Provider market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as AiCure, LLC, Unlearn.AI, Inc., BioAge Labs Inc., Antidote Technologies, Inc., Saama Technologies Inc., International Machine Business Corporation (IBM), Concentro Health AI, Deep 6 AI Inc., PathAI Inc., and Owkin Inc. are some of the top companies profiled in the report.

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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the AI-based Clinical Trials Solution Provider industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.

Emergen Research has segmented the global AI-based clinical trials solution provider market on the basis of clinical trial phase, therapeutic application, end-use, and region:

Clinical Trial Phase Outlook (Revenue, USD Billion; 2019–2030)

  • Phase-I
  • Phase-II
  • Phase-III

Therapeutic Application Outlook (Revenue, USD Billion; 2019–2030)

  • Cancer
  • Cardiovascular Disease
  • Neurological Disease
  • Metabolic Disease
  • Infectious Disease
  • Others

End-use Outlook (Revenue, USD Billion; 2019–2030)

  • Pharmaceuticals
  • Academia
  • Contract Research Organizations (CROs)

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Regional Outlook:

North America (the US, Canada, Mexico)

Europe (the UK, Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Highlights of the TOC: 

1. Report Overview 
1.1 Research Scope
1.2 Key AI-based Clinical Trials Solution Provider market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline

2. Global Growth Trends 
2.1 Global AI-based Clinical Trials Solution Provider market size
2.2 Latest AI-based Clinical Trials Solution Provider market trends
2.3 Key growth trends

3. Competitive Landscape 
3.1 Global AI-based Clinical Trials Solution Provider market key players
3.2 Global AI-based Clinical Trials Solution Provider size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the AI-based Clinical Trials Solution Provider market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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Janna Shar 2
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