About Oncology Clinical Trials
Oncology trials are often small, single-arm, open-label early-phase studies that assess surrogate end points. Trials in other branches of medicine do not share this inclination toward less reliable designs. The proportion of small, single-arm studies does not significantly differ between cancer types, and there is only a weak correlation between the quantity of trials for a particular cancer type and relative incidence or mortality. This is true despite the fact that treatment options and survival vary widely between cancer types. Drug clinical trials are typically broken down by phase. Phase I, II, and III trials are frequently necessary for the FDA to decide whether to approve a medicine for Clinical trials advance through four phases to test a treatment, find the applicable lozenge, and look for side effects. However, after the first three phases, experimenters find a medicine or other intervention to be safe and effective usage.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Oncology clinical trial markets are extremely competitive. The market's intense competition is significantly influenced by the swift uptake of cutting-edge medical technologies. Major businesses frequently engage in mergers and acquisitions, as well as new product launches and collaborations, to maintain market share and broaden the product line. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Oncology Clinical Trials market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IQVIA (United States), PAREXEL International Corporation (United States), Pharmaceutical Product Development, LLC; (United States), Charles River Laboratory (United States), Syneos Health (United States), Medpace (United States), Novotech (Australia), Pivotal (United States) and Haymarket Media, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Oncology Clinical Trials market by and Region.
On the basis of geography, the market of Oncology Clinical Trials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Observational Studies will boost the Oncology Clinical Trials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Phase, the sub-segment i.e. Phase I will boost the Oncology Clinical Trials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cancer, the sub-segment i.e. Lung Cancer will boost the Oncology Clinical Trials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Merck Sharp & Dohme Corp. began a phase II clinical research in March 2021 to examine the security and effectiveness of fixed-dose co-formulated pembrolizumab/quavonlimab (MK-1308A) combined with lenvatinib in hepatocellular cancer patients (HCC).
Results from a phase II study of three oral targeted medicines for chronic lymphocytic leukaemia (CLL) revealed that patients experienced profound remissions following a short course of therapy, according to Haymarket Media, Inc. in 2020., and A phase III clinical trial to evaluate the effectiveness and safety of alpelisib in combination with trastuzumab and pertuzumab as maintenance therapy for patients with HER2-positive advanced breast cancer began in 2020 at Novartis AG.
When a clinical trial is approved to start by the U.S. Food and Drug Administration (FDA), scientists investigate a possible therapy's efficacy and safety in lab settings and on animals. If these studies produce encouraging findings, the FDA approves the intervention's human testing.
Market Drivers
- Increasing Innovation in the Field Of Oncology
- Growing Patient of Lungs Cancer
Opportunities
- Number of People Diagnosed With Cancer Is Expected To Rise Multi-Fold
Restraints
- Inappropriate Selection of Clinical Trial Candidates and Error in Clinical Trial Design
Challenges
- Inefficient Clinical Trial Design for Oncology
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.