Virtual Clinical Trials Market Technological Advancements, Forecast & Opportunities 2030
Virtual Clinical Trials Industry Overview The global virtual clinical trials market size is expected to reach USD 12.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The COVID-19 pandemic has significantly impacted the market. The growing need for patient diversity clubbed with enhanced data collection in clinical trials is boosting the market growth. Virtual Clinical Trials Market Segmentation Grand View Research has segmented the global virtual clinical trials market based on study design, indication, and region: Based on the Study Design Insights, the market is segmented into Interventional, Observational, and Expanded Access. The interventional design segment led the Virtual/Decentralized Clinical Trials (DCTs) market and accounted for the largest revenue share of 46.7% in 2021. The rapid increase in the number of experiments to develop novel medications for va...