Neurology Clinical Trials Market To Witness Geometric Growth With USD 7.9 Bn Earnings By 2028

25-Oct-2021 | Zion Market Research

As per the findings of Zion Market Research study, Neurology Clinical Trials industry garnered revenue worth US$ 4.71 Billion in 2020 and is slated to earn proceeds of approximately US$ 7.9 Billion by 2028. Moreover, Neurology Clinical Trials market is set to record highest gains of nearly 5.6% in 2021-2028. Apparently, increase in neurological disorders such as dementia, paranoia, schizophrenia, depression, psychosis, bipolar affective disorder, obsessive compulsive disorder, and Parkinson will provide plethora of growth opportunities for industry in forecasting timeframe. Rise in levels of stress & anxiety in people owing to outbreak of pandemics such as COVID-19, Swine flu, Avian flu, and Zika virus will pave a way for neurological clinical trials market progression within a span of next few years. Funding of neurology clinical trials on a large-scale by public & private organizations will contribute remarkably towards neurology clinical trials market size. Increase in cases of Huntington’s disorders in both developed countries & emerging economies is anticipated to generate new growth avenues for neurology clinical trials market in couple of years. Consistent technological breakthroughs like virtual hospitals, smart wearable equipment, and remote monitoring systems will positively impact growth of neurology clinical trials industry.

Phase II Clinical Trials Segment To Lead Market Growth In 2021-2028

Dominance of Phase II clinical trials segment over next seven years can be ascribed to rarity of neurological diseases and no particular therapy available for it. Moreover, Phase II trials are the most carried out neurology clinical trials. For the record, nearly 610 phase II & phase III clinical trials were conducted out of 8,205 clinical trials for central nervous system disorder in 2020.

Interventional Segment To Dominate Study Design landscape By 2028

Rapid expansion of interventional segment can be attributed to its massive use in clinical tests. Reportedly, it is used in nearly over 70% of all recorded clinical experiments with large number of tests related to biologics as well as medicines followed with device intervention methods, clinical processes, an behavioral procedures.

North America To Make Notable Contributions Towards Regional Market Size By 2028

A steep increase in growth of neurology clinical trials market in North America over 2021-2028 can be credited to a prominent surge in number of neurological problems in countries such as Canada and the U.S. Apart from this, dementia and memory loss have become most common in geriatric population and this has resulted in big increment of neurology clinical trials in sub-continent. Moreover, Alzheimer disorder has been witnessed among elderly persons in last few years and this aspect is expected to play a key role in leveraging growth of neurology clinical trials market in North America.

Few of the giant industry players have immensely impacted market size and we have profiled them in our report. They are Syneos Health, Novartis AG, Aurora Healthcare, Medpace Holdings, Inc., Biogen Inc., Labcorp Drug Development, Charles River Laboratories, Icon Plc, GlaxoSmithKline Plc, and IQVIA.

Browse the full Neurology Clinical Trials Market- By Phase (Phase I, Phase II, Phase III, And Phase IV), By Study Design (Interventional, Observational, And Expanded Access), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/neurology-clinical-trials-market

The global Neurology Clinical Trials Market is segmented as follows:

By Phase

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

By Study Design

  • Interventional
  • Observational
  • Expanded Access

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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