Neurology Clinical Trials Market size was valued at USD 5.53 Bn. in 2022 and the total Neurology Clinical Trials revenue is expected to grow by 6.5 % from 2023 to 2029, reaching nearly USD 8.60 Bn.
Neurology Clinical Trials Market Overview:
The qualitative and quantitative research provides an in-depth analysis of regional insights into the Market and its dynamic trends, industrial development, and Market-prominent factors. The research method was used to study the global Neurology Clinical Trials Market, and the outcomes were rationally presented in the report published by Maximize Market Research through primary and secondary research.
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Neurology Clinical Trials Market Scope
Neurology Clinical Trials Market report provides extensive knowledge of key trends, Market dynamics, drivers, restraints, and opportunities. Research detects the most significant trends that are helpful for business development. It supports finding the information in the research that defines the competitive landscape of key players, the factors affecting the Neurology Clinical Trials Market size and volume, and other aspects that help define the recent Marketing strategies. Furthermore, a SWOT analysis is conducted to find the strengths, weaknesses, opportunities, and threats of the Market.
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Depending on Phase By accounting for 38.7% of total revenue in 2022, phase II clinical trials dominated the neurology clinical trials market. This is significant because there is no specific treatment for neurological illnesses and they are very uncommon. Phase II or III trials make up the vast majority of trials. Between 2005 and 2022, 8,305 CNS studies were carried out, with 609 of those trials taking place in 2020.
Phase III is anticipated to experience the largest growth during the predicted period. Phase III clinical studies, which are the most costly and involve the most people, may be to blame for this rise. Phase III also requires more patients and, frequently, a longer course of treatment.
According to the study's design, the interventional sector, which had the biggest revenue share of 82.2% in 2021, topped the market for neurology clinical trials. It is one of the most popular ways to conduct a clinical study. Drug or biologic studies accounted for 79.5% of all registered studies, followed by behavioural, clinical procedure, and device intervention research.
Neurology Clinical Trials Key Players
• Supernus Pharmaceuticals, Inc. (US)
• Adamas Pharmaceuticals (US)
• Eli Lilly and Company (US)
• Aurora Health Care (US)
• AbbVie Inc. (US)
• Medtronic (US)
• Zydus Group (India)
• Athira Pharma, Inc. (US)
• Annovis Bio (US)
• Biogen (US)
• Merck & Co., Inc. (US)
• IQVIA (US)
• Covance (US)
• Medpace (US)
• Charles River Laboratories (US)
• SyneousHealth (US)
• AstraZeneca (UK)
• GlaxoSmithKline plc (UK)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• Novartis AG (Switzerland)
• Eisai Co., Ltd. (Japan)
• Icon Plc (Ireland)
Neurology Clinical Trials Region witnessed the highest Market share in 2022 and is anticipated to boost significant growth during the forecast period. The increase in demand in the region is driven by stringent norms & regulations, and supporting government policies is to be an important driver of the Market over the forecast period. The Market report includes Market revenue, geographical situation opportunities, press releases, and an in-depth analysis of the business structure. Several reasons are projected to be advantageous for the region's Neurology Clinical Trials Market, including the region's increasing aging population, well-developed healthcare infrastructure, supportive governmental policies, and accessibility of medical policy.
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COVID-19 Impact Analysis on Market:
The number of patients increased dramatically as a result of the COVID-19 pandemic. The expansion of healthcare services and other related industries was subsequently impacted by this. It also had a favorable effect on the expansion of the Market. It is mostly caused by a rise in the demand for doctors and other healthcare professionals. During the COVID-19 outbreak, the Market for Neurology Clinical Trials manufacturers as well as the profits of companies operating in these industries both experienced a sharp failure in business operations. The pandemic caused a spike in interest in online clinics and therapies. Due to lockdowns the import-export restrictions were laid down on the Market.
Key Questions answered in the Market Report are:
- What is Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Neurology Clinical Trials
- Landscape- Leading key players and other prominent key players.
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