Global Patient Recruitment and Retention Services Market Report 2023-2027 & 2032: NLP Revolutionizes Patient Data Analysis, Oncology and Cardiovascular Benefit from Recruitment Services

DUBLIN, Oct. 19, 2023 /PRNewswire/ -- The "Patient Recruitment and Retention Services Global Market Report 2023" report has been added to  ResearchAndMarkets.com's offering.

The global patient recruitment and retention services market is expected to grow from $3.54 billion in 2022 to $3.78 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The patient recruitment and retention services market are expected to reach $4.67 billion in 2027 at a CAGR of 5.5%.

The patient recruitment and retention services market research report offers a comprehensive perspective on the industry, delivering in-depth analysis of both the current and future scenarios.

The increasing number of clinical trials is a significant driver of the patient recruitment and retention services market. Clinical trials are essential for studying new procedures and medications and evaluating their impact on people's health outcomes. Patient recruitment and retention services play a crucial role in identifying and enrolling eligible participants in these trials, thereby supporting the advancement of clinical research. Consequently, the growing number of clinical trials is boosting the demand for patient recruitment and retention services.

For example, in February 2023, the World Health Organization reported an increase in the number of clinical trials in Southeast Asia from 9,175 in 2020 to 10,966 in 2021. Additionally, in Europe, the number of clinical trials grew from 17,161 in 2020 to 17,756 in 2021. These statistics highlight the upward trend in clinical trials, which, in turn, is driving the patient recruitment and retention services market.

Technological advancements are a prominent trend in the patient recruitment and retention services market. Major companies in this field are introducing advanced technologies to enhance their market position. For instance, in March 2023, Aloha Health Network, an artificial intelligence platform based in the US, launched an augmented AI/ML platform aimed at accelerating patient recruitment in pharmaceutical clinical trials.

This innovative service utilizes cutting-edge natural language processing (NLP) algorithms to identify and pre-screen potential clinical trial participants using structured and unstructured data sources, including electronic medical records and medical histories.

Furthermore, in March 2022, M and B Sciences Inc., a US-based clinical research organization, acquired Clara Health, a patient recruitment and retention technology company. This acquisition strengthens M and B Sciences' position in the market, particularly in the area of innovative patient recruitment and retention technology.

The key steps in patient recruitment and retention services include pre-screening and screening. Pre-screening involves the verification and screening of a patient's background information. Clinical trials typically encompass multiple phases (Phase I, Phase II, Phase III, and Phase IV) and target various therapeutic areas, such as cardiovascular diseases, oncological disorders, infectious diseases, central nervous system disorders, respiratory disorders, hematological disorders, and others.

In 2022, North America dominated the patient recruitment and retention services market. However, Asia-Pacific is expected to exhibit the highest growth rate in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the patient recruitment and retention services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Major players in the patient recruitment and retention services market are 

• IQVIA Holdings Inc
• ICON PLC
• Veradigm Inc.
• Medpace Holdings Inc.
• Worldwide Clinical Trials Inc.
• Bioclinica Inc.
• Altasciences
• BMC Group
• Evolution Research Group (ERG)
• Science37
• Veristat LLC
• Elligo Health Research Inc.
• CROee Inc.
• MMG (Matthews Media Group)
• Linical Co. Ltd
• Global AES
• Bright Pharmaceutical Services Inc.
• Clinrol
• Antidote Technologies Inc.
• Ignite Data Solutions
• BBK Worldwide LLC
• Integrated Clinical Trial Services (ICTS) Inc.
• Syneos Health Inc.
• 3H Medi Solution Co. Ltd.
• Fidelis Research Ltd.
• S4 Research Pvt. Ltd
• Clinical Accelerator Ltd.
• Polaris BioPharma Consulting Ltd
• CSSi Lifesciences

Key Topics Covered:

1. Executive Summary

2. Patient Recruitment and Retention Services Market Characteristics

3. Patient Recruitment and Retention Services Market Trends And Strategies

4. Patient Recruitment and Retention Services Market - Macro Economic Scenario
4.1. Impact Of High Inflation On Online Therapy Services Market
4.2. Ukraine-Russia War Impact On Online Therapy Services Market
4.3. COVID-19 Impact On Online Therapy Services Market
5.1. Global Patient Recruitment and Retention Services Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
5.2. Global Patient Recruitment and Retention Services Forecast Market Size and Growth, 2022 - 2027, 2032F, Value ($ Billion)
5.3. Global Patient Recruitment and Retention Services Market Drivers and Restraints
5.3.1. Drivers Of The Market
5.3.2. Restraints Of The Market

6. Patient Recruitment and Retention Services Market Segmentation
6.1. Global Patient Recruitment and Retention Services Market, Segmentation By Patient Recruitment Steps, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Pre-screening
• Screening

6.2. Global Patient Recruitment and Retention Services Market, Segmentation By Trial Phases, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Phases I
• Phases II
• Phases III
• Phases IV

6.3. Global Patient Recruitment and Retention Services Market, Segmentation By Therapeutic Areas, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Cardiovascular Diseases
• Oncological Disorders
• Infectious Diseases
• Central Nervous System Disorders
• Respiratory Disorders
• Hematological Disorders
• Other Disorders

7. Patient Recruitment and Retention Services Market Regional And Country Analysis
7.1. Global Patient Recruitment and Retention Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Patient Recruitment and Retention Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/9di0p5

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