The global oncology clinical trial market is anticipated to grow at significant CAGR during the forecast period. The market is primarily driven by the rising number of cancer cases, the demand for tailored medications, and the increase in oncology R&D activities. In addition to this, the market for oncology clinical trials is being driven by increased innovation in the field of oncology and supportive government efforts. Although cancer survivorship has grown significantly as a result of oncology research, the global number of cancer patients is predicted to rise. With an estimated 1.8 million people diagnosed each year, lung cancer is the leading cause of cancer death globally.
Cancer treatment research is advancing at a breakneck speed. For immunotherapies, in particular, a shift from chemotherapeutic procedures to molecularly targeted medicines has been documented. Cancer continues to provide new obstacles and potential for pharmacologic treatments. As a result, the pharmaceutical sector continues to invest heavily in oncology treatment development. The evolution of clinical trials, a strong and increasing pipeline of drug candidates, and a significant increase in available clinical data are among the major trends.
Due to scientific developments in immunology, molecular biology, chemistry, cell biology, molecular, and genetics, the focus has shifted during the last several decades. Oncology trials are still at the forefront of biopharma's efforts to create new medications. By the end of 2018, the number of drugs in clinical development for oncology had surpassed the number of compounds in clinical development for CNS illnesses. Thus the rising prevalence of cancer is driving the market growth.
Market Coverage
o By Phase
o By Study Design
o By Cancer Type
o North America
o Europe
o Asia Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Oncology Clinical Trials Market by Segments
By Phase
By Study Design
By Cancer Type
Global Oncology Clinical Trials Market by Region
North America
Europe
Asia-Pacific
Rest of the World