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Latest Innovative Report on Virtual Clinical Trials Market by Top Key Players - ICON plc, LEO Innovation Lab, Science 37, PRA Health Sciences, Clinical Ink, Parexel, Medable

Latest Innovative Report on Virtual Clinical Trials Market by Top Key Players - ICON plc, LEO Innovation Lab, Science 37, PRA Health Sciences, Clinical Ink, Parexel, Medable
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The Worldwide Virtual Clinical Trials Industry is Expected to Reach $10 Billion by 2026

The Worldwide Virtual Clinical Trials Industry is Expected to Reach $10 Billion by 2026 News provided by Share this article Share this article ResearchAndMarkets.com s offering. The Global Virtual Clinical Trials Market size is expected to reach $10 billion by 2026, rising at a market growth of 6.5% CAGR during the forecast period. Virtual Clinical Trials (VCTs) are also known as remote or decentralized trails, are a comparatively new but still underused technique of carrying out clinical research taking complete benefit of technologies like apps, online social interaction platforms, and electronic monitoring tools. The market is significantly driven by growth in R&D activities, the growing digitization in healthcare, and the adoption of telehealth. Moreover, advances in technology, collaborations between clinical research companies, biotechnology companies, and pharmaceutical and support initiatives from governments are expected to boost the market.

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Global Virtual Clinical Trials Market 2020-2027 - Fear Among Clinical Investigators for COVID-19 Presents Opportunities

The global virtual clinical trials market size is expected to reach USD 13.78 billion by 2027 Virtual Clinical Trials (VCT) are a new method of directing clinical trials which is inclusive of web platforms (informed consent, recruitment, adverse reactions, counseling and measurement of endpoints) and taking advantage of technology such as monitoring devices, apps and others. VCT also allows participant to be home-based at all clinical trial stage. VCT are operationally feasible and have lower drop-out rates, higher recruitment rates, better compliance and are faster than traditional method. The growth of virtual clinical trials is mainly owing to the advantages offered by these trials in place of traditional clinical trials. The cost of development of a new drug estimates more than a 2 billion dollars and approximately two-third of the total cost is consumed in clinical testing phase.

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Europe Virtual Clinical Trials Market (2020 to 2026) - by Study Type, Indication and Country

Press release content from Business Wire. The AP news staff was not involved in its creation. Europe Virtual Clinical Trials Market (2020 to 2026) - by Study Type, Indication and Country - ResearchAndMarkets.com February 16, 2021 GMT DUBLIN (BUSINESS WIRE) Feb 16, 2021 ADVERTISEMENT Another name for virtual trials is decentralized trials. Virtual trials have a major role to play in the current COVID-19 pandemic and are likely to be a rule in the ways trials and real-world research are run. A virtual technique permits people to participate in the trial from the comfort of their homes which ensures that studies can be continued even when site visits are not feasible. Furthermore, it is a unique method of gathering secure and effective data from participants of clinical researches.

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Virtual Clinical Trials Market to Register Substantial Expansion by 2026 & Leading Companies like ICON Plc, LEO Innovation Lab, Science 37, PRA Health Sciences, Clinical Ink, Parexel, Medable – KSU

/Virtual Clinical Trials Market to Register Substantial Expansion by 2026 & Leading Companies like ICON Plc, LEO Innovation Lab, Science 37, PRA Health Sciences, Clinical Ink, Parexel, Medable Trending Virtual Clinical Trials Market to Register Substantial Expansion by 2026 & Leading Companies like ICON Plc, LEO Innovation Lab, Science 37, PRA Health Sciences, Clinical Ink, Parexel, Medable Global Virtual Clinical Trials Market Report 2020 reportsintellectFebruary 15, 2021 35 Virtual Clinical Trials Market research report sheds light and focuses on the Virtual Clinical Trials market scope and growth potential. The report is comprised of useful and knowledgeable insights essential for the Virtual Clinical Trials market. Growth dynamics and leading trends and other essential market prospects have been described in order to give the clients a clear and comprehensive idea of the Virtual Clinical Trials market. The report has a detailed forecast and history of the Virtual Clin

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