The clinical trial is a human medical study designed to test the safety and effectiveness of drugs, therapeutic products, and devices before they are ultimately launched in the market. Around the world, the market is witnessing significant growth due to increasing R&D investment in pharmaceutical, life science, and clinical research industries. Research centers and numerous organizations enhance clinical trials' productivity and effectiveness by advancing and managing clinical trials globally. According to our analysis, the Clinical Trials Market will reach the value of US$ 57.46 Billion by 2026.
clinical trials market
After preclinical development, the investigational new drug passes through clinical phases I, II, III, and IV during the clinical trial. These phases explain pharmacokinetics, pharmacodynamics profile and side effect, which may be harmful or beneficial, adverse impact, and post-marketing surveillance. Furthermore, as per our analysis, the market is anticipated to be domi
