Reportlinker.com has announced the release of the report "Global Virtual Clinical Trials Market By Study Type, By Indication, By Region, Industry Analysis and Forecast, 2020 – 2026."
The market is significantly driven by growth in R&D activities, the growing digitization in healthcare, and the adoption of telehealth. Virtual Clinical Trials or remote/decentralized trails are a relatively 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. Advances in technology, collaborations between clinical research companies, biotechnology companies, and pharmaceutical and support initiatives from governments, are expected to boost the market. The market’s size is expected to reach $10 billion by 2026, rising at a market growth of 6. 5% CAGR during the forecast period.
For more of report’s analysis, click here.