India Clinical Trials Market Introduction and Overview
According to SPER Market Research, the India Clinical Trials Market is estimated to reach USD 3.13 billion by 2034 with a CAGR of 8.23%.
The report includes an in-depth analysis of the India Clinical Trials Market, including market size and trends, product mix, Applications, and supplier analysis. The growing biotechnology and pharmaceutical industries are driving the clinical trials market in India. Because of its diversified population, which provides a special genetic pool essential for clinical trials, India has emerged as a major centre for research and development. The approval procedures are now simpler and faster thanks to the government's introduction of supportive regulatory frameworks. Because of this, India is a desirable site for multinational corporations looking for clinical research solutions that are quicker and less expensive. The nation's position in the clinical trials market is further reinforced by its expanding healthcare infrastructure and highly qualified workforce. India is consequently becoming a more and more popular location for clinical research globally.
By Phase Insights: Because phase III trials are essential for verifying new therapies before they are put on the market, they dominated the clinical trials market in India. Larger patient groups are included in these studies, which improves the dependability of the results and offers thorough insights into the safety and effectiveness of novel treatments across a range of demographics. A strong pipeline in pharmaceutical research is seen in the growing number of investigational medications reaching this stage, which encourages large investments. The need for Phase III studies is growing as businesses realise how crucial comprehensive testing is to ensuring patient safety and therapeutic efficacy, hence securing its leading position in the clinical trials sector in India.
By Study Design Insights: Due to the extensive use of interventional trials, which are known for their ability to assess the safety and effectiveness of novel medications and treatments, the interventional trials sector dominated the market with the biggest revenue share. Usually, these trials comprise sizable randomised research that yield solid data, reducing confounding variables and improving the dependability of findings.
By Indication Insights: Due to ageing populations and changing lifestyles, which have raised demand for efficient treatment alternatives, the oncology category led the market with the biggest revenue share. The need is further spurred by developments in personalised medicine and targeted therapies, which aim to enhance patient outcomes by customising treatments based on the unique genetic and molecular features of malignancies.
By Regional Insights: In the Indian clinical trials market, the western part of the country, particularly Maharashtra state, is becoming a major player. The area provides a very favourable and forward-thinking setting for carrying out a variety of clinical trials thanks to its established and cutting-edge clinical research infrastructure, which includes state-of-the-art medical facilities and sophisticated laboratories.
Market Competitive Landscape:
Businesses are expanding their market position and addressing the changing needs of healthcare through medical device validation and verification by implementing strategic activities like mergers, acquisitions, and product launches. Some of the key market players are Aragen Life Sciences Ltd, Aurigene Oncology, Charles River Laboratories, ICON PLC, IQVIA, Parexel International (MA) Corporation, SGS Société Générale de Surveillance SA, Syneos Health, Syngene International Limited, Thermo Fisher Scientific Inc, Others.
Recent Developments:
- In June 2024, One Home for Sites is a new technological platform that IQVIA introduced to help research sites manage clinical trials more efficiently. Several software programs are combined into a single dashboard using this platform. In order to solve the issues of technological overload in clinical research, One Home for Sites seeks to increase site capacity and efficiency.
- In April 2024, Palantir Technologies and Parexel International Corporation announced an expansion of their partnership to improve patient outcomes and clinical data delivery. In order to maximise Parexel's clinical data platform and increase trial efficiency while maintaining safety and regulatory compliance, this multi-year strategic partnership will make use of Palantir's Foundry and Artificial Intelligence Platform (AIP). The partnership intends to expedite clinical trial procedures and give biopharmaceutical clients real-time access to high-quality, validated data by incorporating cutting-edge AI capabilities.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Phase, By Study Design, By Indication. |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region. |
| Companies Covered | Aragen Life Sciences Ltd, Aurigene Oncology, Charles River Laboratories, ICON PLC, IQVIA, Parexel International (MA) Corporation, SGS Société Générale de Surveillance SA, Syneos Health, Syngene International Limited, Thermo Fisher Scientific Inc. |
Key Topics Covered in the Report:
- India Clinical Trials Market Size (FY’2021-FY’2034)
- Overview of India Clinical Trials Market
- Segmentation of India Clinical Trials Market by Phase (Phase I, Phase II, Phase III, Phase IV)
- Segmentation of India Clinical Trials Market by Study Design (Interventional Trials, Observational Trials, Expanded Access Trials)
- Segmentation of India Clinical Trials Market by Indication (Autoimmune, Blood Disorders, Pain Management, Oncology, CNS Condition, Diabetes, Obesity, Cardiovascular, Others)
- Statistical Snap of India Clinical Trials Market
- Expansion Analysis of India Clinical Trials Market
- Problems and Obstacles in India Clinical Trials Market
- Competitive Landscape in the India Clinical Trials Market
- Details on Current Investment in India Clinical Trials Market
- Competitive Analysis of India Clinical Trials Market
- Prominent Players in the India Clinical Trials Market
- SWOT Analysis of India Clinical Trials Market
- India Clinical Trials Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. India Clinical Trials Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Clinical Trials Market
7. India Clinical Trials Market, By Phase (USD Million) 2021-2034
7.1. Phase I
7.2. Phase II
7.3. Phase III
7.4. Phase IV
8. India Clinical Trials Market, By Study Design (USD Million) 2021-2034
8.1. Interventional Trials
8.2. Observational Trials
8.3. Expanded Access Trials
9. India Clinical Trials Market, By Indication (USD Million) 2021-2034
9.1. Autoimmune
9.2. Blood Disorders
9.3. Pain Management
9.4. Oncology
9.5. CNS Condition
9.6. Diabetes
9.7. Obesity
9.8. Cardiovascular
9.9. Others
10. India Clinical Trials Market, (USD Million) 2021-2034
10.1. India Clinical Trials Market Size and Market Share
11. India Clinical Trials Market, By Region, (USD Million) 2021-2034
11.1. Eastern Region
11.2. Western Region
11.3. Northern Region
11.4. Southern Region
12. Company Profile
12.1. Aragen Life Sciences Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Aurigene Oncology
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Charles River Laboratories
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. ICON PLC
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. IQVIA
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Parexel International (MA) Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SGS Société Générale de Surveillance SA
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Syneos Health
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Syngene International Limited
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Thermo Fisher Scientific Inc
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
