Decentralized Clinical Trials (DCTs) Industry Analysis:GAGR is expected to be 14.2% during 2023-2029

The FDA defines decentralized clinical trials as those executed through telemedicine and mobile/local healthcare providers, using processes and technologies that differ from the traditional clinical trial model.

Decentralized clinical trials are conducted remotely, with patient subjects remaining at home during a significant portion, or all, of the study. However, the decentralized clinical trial model is designed for more just patient participants.

1. By using these same technologies and processes, plus new innovations, trial tasks that were originally only possible through traditional, face-to-face methods can now be remotely executed – efficiently and effectively.
2. Moving to this decentralized model promises to mitigate some of the burden and cost of traditional methods while aiming to preserve the quality of oversight.

According to the new market research report “Decentralized Clinical Trials (DCTs) - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Decentralized Clinical Trials (DCTs) market size is projected to reach USD 20.86 billion by 2029, at a CAGR of 14.2% during the forecast period.

• Global Decentralized Clinical Trials (DCTs) Market Size(US$ Million), 2018-2029

Source: QYResearch, "Decentralized Clinical Trials (DCTs) - Global Market Insights and Sales Trends 2024”

• Global Decentralized Clinical Trials (DCTs) Top11Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: QYResearch, "Decentralized Clinical Trials (DCTs) - Global Market Insights and Sales Trends 2024”

The global key manufacturers of Decentralized Clinical Trials (DCTs) include Medidata, IQVIA, Labcorp, PRA Health Sciences, Parexel, ICON, Oracle, CRF Health, Medable, Clinical Ink, etc. In 2020, the global top five players had a share approximately 48.0% in terms of revenue.

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