Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 302.15 Million | USD 1515.66 Million | 17.5% | 2024 |
The global AI-based Clinical Trials Solution Provider Market Size was worth around USD 302.15 Million in 2024 and is predicted to grow to around USD 1515.66 Million by 2034 with a compound annual growth rate (CAGR) of roughly 17.5% between 2025 and 2034. The report analyzes the global AI-based clinical trials solution provider market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the AI-based clinical trials solution provider industry.
Healthcare industry is one of the major domains which finds plethora of AI applications. Moreover, use of AI in healthcare industry is supported by big data of electronic health records and improved computational ability of AI applications. Nevertheless, AI-based Clinical Trials Solution provider, which is one of the key AI applications, also aids in effective clinical decision making process and enhances new drug molecule discoveries for treating chronic and infectious ailments such as COVID-19, Avian Flu, and Swine Flu. Clinical development is likely to witness a paradigm shift with converging of large online data sources and computing power that helps in determining clinically similar & meaningful trends in data with help of AI algorithms.
Reportedly, AI tools such as AI-based Clinical Trials Solution helps in detecting, diagnosing, treating, and predicting outcomes of chronic ailments including cardiac problems, cancer, neurological ailments, and pathological disorders. According to NCBI, in the timespan between 2000 to 2015, it was found that success proportion of clinical trials conducted on candidates was very low. For instance, only 14% of subjects were successful in all three phases of clinical trials.
However, with use of AI in clinical trials, there was a steep reduction in cycle time of trials and improvement in clinical trial outcomes. Such moves are set to accurately and seamlessly address issues related to clinical investigations along with augmenting popularity of AI-based clinical trials solutions. This will boost AI-based Clinical Trials Solution provider market trends.
Growth of AI-based Clinical Trials Solution provider market is subject to massive use of AI & deep learning algorithms in clinical trials for constant streaming of clinical test data for purpose of coding and storing. Apparently, use of AI-driven programs in clinical trials facilitates reduction of human intervention in data collection, thereby resulting in minimal error probability and seamless integration of clinical data with other databases.
This will amplify scope of AI-based Clinical Trials Solution provider industry. Furthermore, use of AI-driven health systems & patient support tools are set to aid clinical trials, thereby engaging and retaining subjects throughout all phases of clinical trials.
Moreover, AI-driven clinical trial solution providers assist in virtual monitoring of candidate condition and thus mitigate in-person visit to clinical trial site. Apart from this, use of AI technologies by healthcare & biotech firms helps the latter in sending of reminders & informing clinical trial progress to candidates. In addition to this, AI-based Clinical Trials Solution provider makes use of AI-driven search tools for detecting type of clinical trials through querying of clinical data of candidates.
The global AI-based clinical trials solution provider market is segmented based on Applications, Phase, End-use, and region.
Based on Applications, the global AI-based clinical trials solution provider market is divided into Oncology, CVD, Neurological Diseases or conditions, Metabolic diseases, Infectious diseases, Others.
On the basis of Phase, the global AI-based clinical trials solution provider market is bifurcated into Phase-I, Phase-II, Phase-III.
By End-use, the global AI-based clinical trials solution provider market is split into Pharmaceutical Companies, Academia, Others.
Report Attributes | Report Details |
---|---|
Report Name | AI-based Clinical Trials Solution Provider Market |
Market Size in 2024 | USD 302.15 Million |
Market Forecast in 2034 | USD 1515.66 Million |
Growth Rate | CAGR of 17.5% |
Number of Pages | 168 |
Key Companies Covered | Unlearn.ai, Inc., Saama, Antidote Technologies, Inc., Phesi, Deep6.ai, Innoplexus, Mendel Health Inc., Intelligencia AI, Median Technologies, SymphonyAI, BioAge Labs, Inc., AiCure, Consilx, DeepLens.AI, HaloHealth, PHARMASEAL, Ardigen, Trials.ai, Koneksa Health, Euretos, BioSymetrics, Inc., Verily (Google LLC), Aitia, IBM, Exscientia, and others. |
Segments Covered | By Applications, By Phase, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
For the record, firms such as AiCure and Brite Health are making use of AI-based systems for monitoring patient health as well as their responses to medical treatment during clinical tests. Furthermore, these firms ensure efficiency of medical treatment and adherence to clinical trial procedures along with patient retention for completion of clinical trials. All these strategic moves will proliferate growth in size of AI-based Clinical Trials Solution provider market over forthcoming years.
North America To Lead Overall Market Growth By 2034
Growth of AI-based Clinical Trials Solution market in North America over assessment period can be attributed to various factors. Some of them include increase in acceptance of AI-driven systems in healthcare industry, rise in precision medicine practices & applications, and coining of strategy focusing on co-developing precision diagnostics and therapeutic agents as companion diagnostics for facilitating launch of effective drugs to successfully treat patients suffering from chronic ailments.
In addition to this, startup firms such as Unlearn.ai based in San Francisco are highlighting on minimizing number of subjects for clinical trials through use of AI-based tools. Apparently, third party service providers including antidote.me, Deep 6 AI, and Trials. Ai based in the U.S. have created AI apps that helps in identifying & recruiting suitable patients for enrollment in clinical trials through exact examination of healthcare records of patients.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the AI-based clinical trials solution provider market on a global and regional basis.
The global AI-based clinical trials solution provider market is dominated by players like:
The global AI-based clinical trials solution provider market is segmented as follows;
By Applications
By Phase
By End-use
By Region
FrequentlyAsked Questions
The global AI-based clinical trials solution provider market is expected to grow due to rising demand for fortified foods, increasing awareness of nutritional deficiencies, and dietary supplements, and growing health consciousness among consumers .
According to a study, the global AI-based clinical trials solution provider market size was worth around USD 302.15 Million in 2024 and is expected to reach USD 1515.66 Million by 2034.
The global AI-based clinical trials solution provider market is expected to grow at a CAGR of 17.5% during the forecast period.
North America is expected to dominate the AI-based clinical trials solution provider market over the forecast period.
Leading players in the global AI-based clinical trials solution provider market include Unlearn.ai, Inc., Saama, Antidote Technologies, Inc., Phesi, Deep6.ai, Innoplexus, Mendel Health Inc., Intelligencia AI, Median Technologies, SymphonyAI, BioAge Labs, Inc., AiCure, Consilx, DeepLens.AI, HaloHealth, PHARMASEAL, Ardigen, Trials.ai, Koneksa Health, Euretos, BioSymetrics, Inc., Verily (Google LLC), Aitia, IBM, Exscientia, among others.
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