AI-Based Clinical Trials Solution Market Future Prospects
The AI-based clinical trials solution market size stands at USD 2.4 billion in 2024, and it is expected to grow at a CAGR of 14.5% during 2025–2030, to reach USD 5.4 billion by 2030.
The growth can be primarily ascribed to the increasing prevalence of chronic diseases and growing demand for advanced drugs. Amongst the several evolving technologies in the healthcare sector (including treatment and research), artificial intelligence plays a major role in trial designing, patient selection and recruitment, site selection, and patient monitoring, with the ultimate aim to boost the count and success of clinical trials.
Pharmaceutical companies are investing a significant amount to replenish their respective pipelines using AI, which is one of the major reasons for the industry growth. In addition, the growing volume of public and private initiatives to drive the adoption of artificial-intelligence-powered solutions in new medicament efficacy studies, to accelerate drug discovery, is driving the market.
Furthermore, the economic efficiency offered by contract research organizations (CROs) over conducting an in-house study is expected to boost the outsourcing of these drug validation solutions over the forecast period. Countries such as Japan, France, Spain, and the U.S. have gained a strong foothold in the healthcare research space, while the U.K. is focusing on enhancing R&D and supplying technology to other countries.