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South & Central America Clinical Trials Market Forecast to 2028 - Regional Analysis - by Study Design (Interventional, Observational, and Expanded Access), Phase (Phase I, Phase II, Phase III, and Phase IV), and Indication (Autoimmune/Inflammation, Pain Management, Oncology, CNS Condition, Diabetes, Obesity, Cardiovascular, and Others)

October 2023 | 125 pages | ID: SA1875325B43EN
The Insight Partners

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The South & Central America clinical trials market is expected to grow from US$ 1,794.69 million in 2022 to US$ 2,523.98 million by 2028. It is estimated to grow at a CAGR of 5.8% from 2022 to 2028.

Adoption of Decentralized Clinical Trials and Hybrid Clinical Trials Fuels South & Central America Clinical Trials Market

In decentralized clinical trials (DCT), patients' physical access to hospital-based trial sites is reduced or eliminated. In DCTs, digital technologies are used to enable access of patients to clinical research, remote data collection and monitoring, and communication between investigators and participants. A hybrid clinical trial approach combines home-based and on-site activities, bringing the best patient experience and meeting complex protocol regimes, gaining traction across various therapeutic areas and trial phase journeys. Initially, due to challenges such as patient privacy, data security, regulatory barriers, and complex protocol regimes, the adoption of DCT was affected. However, due to the COVID-19 pandemic, the sponsors of clinical trials adopted decentralized and hybrid clinical techniques for developing drugs. They could not continue with traditional trials as they required in-person visits. Due to the restrictions for travel, the only way to gather data and keep trials going was to work remotely and adopt technology much faster than they would have otherwise. Therefore, decentralization broadens trial access to reach a larger number and potentially a more diverse pool of patients.

Further, hybrid clinical trials allow sponsors to strategically incorporate decentralized clinical trial (DCT) elements into study designs. These trial models offer unprecedented flexibility, so more companies are interested in hybrid trials, and the resulting growth is redefining the industry landscape. According to ObvioHealth, the FDA plans to unveil protocols in 2023 to support the use of DCT methods, inspiring confidence in these components for future clinical research. Thus, the increasing focus on using decentralized and hybrid clinical trials over traditional clinical trial methods is expected to provide lucrative opportunities for the clinical trials market during the forecast period.

South & Central America Clinical Trials Market Overview

The South & Central America clinical trials market is segmented into Brazil, Argentina, and the Rest of South & Central America. South & Central America occupies a significant position in the clinical trials market and is estimated to register a robust growth rate over the forecast period. The growth is due to growing clinical trials, key innovation by market players of clinical trial process, and government initiatives to support the clinical trial fuels the market growth.

South & Central America Clinical Trials Market Revenue and Forecast to 2028 (US$ Million)



South & Central America Clinical Trials Market Segmentation

The South & Central America clinical trials market is segmented into phase, study design, indication, and country.

Based on phase, the South & Central America clinical trials market is segmented into phase I, phase II, phase III, and phase IV. The phase III segment registered the largest South & Central America clinical trials market share in 2022.

Based on study design, the South & Central America clinical trials market is segmented into interventional, observational, and expanded access. The interventional segment held the largest South & Central America clinical trials market share in 2022.

Based on indication, the South & Central America clinical trials market is segmented into autoimmune/inflammation, pain management, oncology, CNS condition, diabetes, obesity, cardiovascular, and others. The oncology segment held the largest South & Central America clinical trials market share in 2022.

Based on country, the South & Central America clinical trials market has been categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America clinical trials market share in 2022.

Charles River Laboratories International Inc, ICON Plc, IQVIA Holdings Inc, Laboratory Corp of America Holdings, Parexel International Corp, SGS SA, Syneos Health Inc, and Thermo Fisher Scientific Inc. are some of the leading companies operating in the South & Central America clinical trials market.
1. INTRODUCTION

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
  1.3.1 South & Central America Clinical Trials Market – By Phase
  1.3.2 South & Central America Clinical Trials Market – By Study Design
  1.3.3 South & Central America Clinical Trials Market – By Indication
  1.3.4 South & Central America Clinical Trials Market – By Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET – MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
  4.2.1 South And Central America PEST Analysis
4.3 Experts Opinion

5. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Increasing Adoption and Outsourcing of Clinical Trials
  5.1.2 Flourishing Pharmaceutical Industry and Increasing R&D Activities in Pharmaceutical Industry
5.2 Market Restraints
  5.2.1 Expensive and Time-Consuming Process
5.3 Market Opportunities
  5.3.1 Adoption of Decentralized Clinical Trials and Hybrid Clinical Trials
5.4 Future Trends
  5.4.1 AI-Driven Clinical Trials
5.5 Impact Analysis

6. CLINICAL TRIALS MARKET – SOUTH & CENTRAL AMERICA ANALYSIS

6.1 South & Central America Clinical Trials Market Revenue Forecast and Analysis

7. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET REVENUE AND FORECAST TO 2028 – BY STUDY DESIGN

7.1 Overview
7.2 South & Central America Clinical Trials Market Revenue Share, by Study Design (2022 and 2028)
7.3 Interventional
  7.3.1 Overview
  7.3.2 Interventional: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Observational
  7.4.1 Overview
  7.4.2 Observational: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Expanded Access
  7.5.1 Overview
  7.5.2 Expanded Access: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)

8. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET – BY PHASE

8.1 Overview
8.2 South & Central America Clinical Trials Market, by Phase, 2022 and 2028 (%)
8.3 Phase III
  8.3.1 Overview
  8.3.2 Phase III: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Phase II
  8.4.1 Overview
  8.4.2 Phase II: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Phase IV
  8.5.1 Overview
  8.5.2 Phase IV: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Phase I
  8.6.1 Overview
  8.6.2 Phase I: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)

9. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET REVENUE AND FORECAST TO 2028 – INDICATION

9.1 Overview
9.2 South & Central America Clinical Trials Market Revenue Share, by Indication (2022 and 2028)
9.3 Autoimmune/Inflammation
  9.3.1 Overview
  9.3.2 Autoimmune/Inflammation: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pain Management
  9.4.1 Overview
  9.4.2 Pain Management: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Oncology
  9.5.1 Overview
  9.5.2 Oncology: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.6 CNS Condition
  9.6.1 Overview
  9.6.2 CNS Condition: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Diabetes
  9.7.1 Overview
  9.7.2 Diabetes: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Obesity
  9.8.1 Overview
  9.8.2 Obesity: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Cardiovascular
  9.9.1 Overview
  9.9.2 Cardiovascular: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
9.10 Other
  9.10.1 Overview
  9.10.2 Other: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)

10. SOUTH & CENTRAL AMERICA CLINICAL TRIALS MARKET – REVENUE AND FORECAST TO 2028 – COUNTRY ANALYSIS

10.1 South & Central America Clinical Trials Market
  10.1.1 Overview
  10.1.2 South & Central America: Clinical Trials Market, by Country, 2022 & 2028 (%)
    10.1.2.1 Brazil: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.1.1 Overview
      10.1.2.1.2 Brazil: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.1.3 Brazil: Clinical Trials Market, by Phase, 2020–2028 (US$ Million)
      10.1.2.1.4 Brazil: Clinical Trials Market, by Study Design, 2020–2028 (US$ Million)
      10.1.2.1.5 Brazil: Clinical Trials Market, by Indication, 2020–2028 (US$ Million)
    10.1.2.2 Argentina: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.2.1 Overview
      10.1.2.2.2 Argentina: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.2.3 Argentina: Clinical Trials Market, by Phase, 2020–2028 (US$ Million)
      10.1.2.2.4 Argentina: Clinical Trials Market, by Study Design, 2020–2028 (US$ Million)
      10.1.2.2.5 Argentina: Clinical Trials Market, by Indication, 2020–2028 (US$ Million)
    10.1.2.3 Rest of South & Central America: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.3.1 Overview
      10.1.2.3.2 Rest of South & Central America: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
      10.1.2.3.3 Rest of South & Central America: Clinical Trials Market, by Phase, 2020–2028 (US$ Million)
      10.1.2.3.4 Rest of South & Central America: Clinical Trials Market, by Study Design, 2020–2028 (US$ Million)
      10.1.2.3.5 Rest of South & Central America: Clinical Trials Market, by Indication, 2020–2028 (US$ Million)

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
  11.3.1 Overview
11.4 Inorganic Developments
  11.4.1 Overview

12. COMPANY PROFILES

12.1 IQVIA Holdings Inc
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Parexel International Corp
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 Charles River Laboratories International Inc
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 ICON Plc
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 SGS SA
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Syneos Health Inc
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Thermo Fisher Scientific Inc
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6
  12.7.7 Key Developments
12.8 Laboratory Corp of America Holdings
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms

LIST OF TABLES

Table 1. Brazil Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America Clinical Trials Market, by Phase – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South & Central America Clinical Trials Market, by Study Design – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South & Central America Clinical Trials Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 10. Organic Developments Done by Companies
Table 11. Inorganic Developments Done by Companies
Table 12. Glossary of Terms


LIST OF FIGURES


Figure 1. South & Central America Clinical Trials Market Segmentation
Figure 2. South & Central America Clinical Trials Market, By Region
Figure 3. South & Central America Clinical Trials Market Overview
Figure 4. Phase III Segment Held Largest Share of Phase Segment in South & Central America Clinical Trials Market
Figure 5. Argentina is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. South And Central America: PEST Analysis
Figure 7. South & Central America Experts Opinion
Figure 8. Impact Analysis
Figure 9. South & Central America Clinical Trials Market– Revenue Forecast and Analysis – 2020- 2028
Figure 10. South & Central America Clinical Trials Market Revenue Share, by Study Design (2022 and 2028)
Figure 11. Interventional: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Observational: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Expanded Access: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. South & Central America Clinical Trials Market, by Phase 2022 and 2028 (%)
Figure 15. Phase III: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Phase II: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Phase IV: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Phase I: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. South & Central America Clinical Trials Market Revenue Share, by Indication (2022 and 2028)
Figure 20. Autoimmune/Inflammation: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Pain Management: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Oncology: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. CNS Condition: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Diabetes: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Obesity: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Cardiovascular: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Other: South & Central America Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South & Central America: Clinical Trials Market, by Key Country – Revenue (2022) (US$ Million)
Figure 29. South & Central America: Clinical Trials Market, by Country, 2022 & 2028 (%)
Figure 30. Brazil: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Argentina: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of South & Central America: Clinical Trials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Growth Strategies Done by the Companies in the Market, (%)


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