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Patient Recruitment and Retention Services Market worth $5.45 billion by 2030 - Exclusive Report by InsightAce Analytic

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News provided by

InsightAce Analytic Pvt. Ltd.

Jul 20, 2022, 06:30 ET

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JERSEY CITY, N.J., July 20, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " "Global Patient Recruitment and Retention Services Market By Therapeutic Areas (Cardiovascular Diseases, Oncological Disorders, Infectious Diseases, CNS Disorders, Respiratory Disorders, Hematological Disorders, and Others), Patient Recruitment Steps (Pre-screening and Screening), Trial Phases (Phase I, Phase II, Phase III, and Phase IV))- Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research by InsightAce Analytic, the global patient recruitment and retention services market is valued at US$ 3.63 billion in 2021, and it is expected to reach US$ 5.45 billion by 2030, with a CAGR of 4.7% during the forecast period of 2022-2030.

Request for Sample Pages:  https://www.insightaceanalytic.com/request-sample/1335 

Understanding innovative treatment interventions' safety and efficacy profiles require understanding the laborious phase in the drug development process known as clinical trials. Patient recruiting is seen as one of the rate-limiting phases when it comes to getting medicines to market, among other well-known difficulties. In addition, keeping patients on board is a problem, given the general dropout rate in clinical research. It has been demonstrated that using contract service providers can speed up the patient recruitment process. These service providers use a range of outreach techniques, including social media, mobile technology, electronic health records (EHRs), and real-world evidence (RWE). Over time have come to play an essential part in the efficient conduct of clinical research.

The market for clinical trial patient recruitment services is expanding due to a number of factors, including the expanding pharmaceutical and medical industries, the rise in clinical study demand, and the adoption of decentralized clinical trials. Clinical trials and drug development are ensured to go more quickly with improved patient recruiting rates, and this presents a chance for medical enterprises to shorten their time to market. Therefore, patient recruiting and retention services are essential to the medical sector. Many big pharma players have outsourced their patient recruitment operations due to the growing complexity of clinical trials and the demand for niche patient populations for studies evaluating orphan drugs and personalized medicines. More developer companies are likely to follow suit as a result of these factors.

However, delays in product release caused by sponsors' failure to attract/retain patients are prevalent and are thought to cause an average loss. The temporary shutdown has severely affected clinical trials, particularly in the patient recruitment sector. The lockout has limited patients' access to study venues, which has finally resulted in a sizable patient population dropout from a number of scientific trials.

North America dominated the world market with the greatest revenue share in 2021. With the large number of clinical studies being undertaken in the area, this market is most likely to expand. Government funding for clinical trials and large R&D investments are furthering the market's expansion. The growth of the North American clinical trial patient recruitment services market has been attributed to the presence of significant CROs providing support services like patient recruitment and multinational pharmaceutical & biopharmaceutical companies making significant investments in clinical research. With the low research expenses, simple regulatory compliance, growing patient population, and a few elite clinical institutions serving as sites, the area has emerged as a hub for clinical trials.

Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/1335

Major market players operating in the patient recruitment and retention services market include Acurian, BBK Worldwide, Bright Pharmaceutical Services, ClinEdge, CSSi, CTM, Evolution Research Group (ERG), Integrated Clinical Trial Services (ICTS), MMG, Veristat, WCCT Global, Antidote, Clinical Accelerator, Fidelis Research, Ignite Data, Polaris BioPharma Consulting, Raremark, Clinrol, CROee, Gitzo Medical Technology, Pacific Grove, and TrialWire.

Key developments in the market:

  • In June 2022, Evolution Research Group, LLC (ERG) acquired Ohio Clinical Trials (OCT). The purchase of OCT complements ERG's objective of consistently adding personnel and services to diversify further within the brain and pain therapeutic areas and streamline clinical trial execution throughout all phases of development.
  • In Jan 2022, Publicis Health announced the acquisition of BBK Worldwide (BBK). BBK allows biotech and pharmaceutical clients to speed R&D programmes by integrating patient-centric services and proprietary technology in a way that advances research, complementing Publicis Health's current CTE capabilities.
  • In September 2021, Syneos Health a strategic agreement with Ride Health to provide clinical trial participants with non-emergency medical transportation (NEMT). The partnership, which is based on product integration between Ride Health and the Syneos Health patient engagement platform, will make it possible to provide a comprehensive transportation program for Syneos Health trials in the United States to increase access, easing burden, and enhancing patient retention while accelerating clinical trial recruitment for sponsors.
  • In September 2020, ICON plc announced that it is launching Accellacare. This global clinical research network will provide patients with quicker access to cutting-edge treatments and give customers the option to set up decentralized trials. The site network includes MeDiNova Research in EMEA and previously purchased PMG Research in the US.

Market Segments

Global Patient Recruitment and Retention Services Market, by Therapeutic Areas, 2022-2030 (Value US$ Bn)

  • Cardiovascular Diseases
  • Oncological Disorders
  • Infectious Diseases
  • CNS Disorders
  • Respiratory Disorders
  • Hematological Disorders
  • Others

Global Patient Recruitment and Retention Services Market, by Patient Recruitment Steps, 2022-2030 (Value US$ Bn)

  • Pre-screening
  • Screening

Global Patient Recruitment and Retention Services Market, by Trial Phases, 2022-2030 (Value US$ Bn)

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Global Patient Recruitment and Retention Services Market, by Region, 2022-2030 (Value US$ Bn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Patient Recruitment and Retention Services Market, by Country, 2022-2030 (Value US$ Bn)

  • U.S.
  • Canada

Europe Patient Recruitment and Retention Services Market, by Country, 2022-2030 (Value US$ Bn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Patient Recruitment and Retention Services Market, by Country, 2022-2030 (Value US$ Bn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Patient Recruitment and Retention Services Market, by Country, 2022-2030 (Value US$ Bn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Patient Recruitment and Retention Services Market, by Country, 2022-2030 (Value US$ Bn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

For More Customization @ https://www.insightaceanalytic.com/customisation/1335 

Why should buy this report:

  • To receive a comprehensive analysis of the prospects for the global patient recruitment and retention services market
  • To receive an industry overview and future trends of the patient recruitment and retention services market
  • To analyze the patient recruitment and retention services market drivers and challenges
  • To get information on the patient recruitment and retention services market size (Value US$ Bn) forecast to 2030
  • TO get information on major investments, mergers & acquisitions in the patient recruitment and retention services industry

Other Related Reports Published by InsightAce Analytic:

Global Clinical Trial Services Market

Global Site Management Organizations (SMO) Market

Global Clinical Trials Software Market

Global Biospecimen Contract Research Services Market

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact Us:

InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: [email protected]
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

Logo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg

SOURCE InsightAce Analytic Pvt. Ltd.

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