Patient Recruitment and Retention Services Market Growth Drivers, Key Trends, Size, Share Analysis And Forecast To 2033

Overview and Scope
Patient recruitment and retention services refer to identifying and enrolling eligible participants with designed strategies and tactics to keep participants enrolled in clinical trials. It is used for clinical trials to complete the drug development cycle.

Sizing and Forecast
The patient recruitment and retention services market size has grown strongly in recent years. It will grow from $3.78 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to traditional recruitment methods, growth in clinical trials and research, increased complexity of trial protocols, evolving regulatory requirements, rise in patient-centric approaches.

The patient recruitment and retention services market size is expected to see strong growth in the next few years. It will grow to $4.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing focus on diversity in clinical trials, increased outsourcing of patient recruitment services, expansion of precision medicine trials, advances in data analytics for recruitment, emphasis on real-world evidence in trials. Major trends in the forecast period include integration of social media in patient recruitment, development of patient engagement platforms, rise in virtual and decentralized trial approaches, implementation of predictive analytics in recruitment strategies, customization of patient-centric trial designs.

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Segmentation & Regional Insights
The patient recruitment and retention services market covered in this report is segmented –
1) By Patient Recruitment Steps: Pre-screening, Screening
2) By Trial Phases: Phases I, Phases II, Phases III, Phases IV
3) By Therapeutic Areas: Cardiovascular Diseases, Oncological Disorders, Infectious Diseases, Central Nervous System Disorders, Respiratory Disorders, Hematological Disorders, Other Disorders

North America was the largest region in the patient recruitment and retention services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the patient recruitment and retention services market report during the forecast period. The regions covered in the patient recruitment and retention services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rise in the number of clinical trials is driving the growth of the patient recruitment and retention services market. Clinical trials refer to a field of study that examines novel procedures and medications and assesses how they affect people's health results. Patient retention and recruitment services help to identify and register eligible participants in the study and support the development of clinical trials, as a result, the rise in the number of clinical trials increases the demand for the patient recruitment and retention services market. For instance, in February 2023, according to the World Health Organization, a US-based health organization, the number of clinical trials in Southeast Asia increased from 9,175 in 2020 to 10,966 in 2021. Additionally, the number of clinical trials in Europe increased from 17,161 in 2020 to 17,756 in 2021. Therefore, the rise in the number of clinical trials drives the patient recruitment and retention services market.

Key Industry Players
Major companies operating in the patient recruitment and retention services market report are IQVIA Holdings Inc, ICON PLC, Veradigm Inc., Medpace Holdings Inc., Worldwide Clinical Trials Inc., Bioclinica Inc., Altasciences, BMC Group, Evolution Research Group (ERG), Science37, Veristat LLC, Elligo Health Research Inc., CROee Inc., MMG (Matthews Media Group), Linical Co. Ltd, Global AES, Bright Pharmaceutical Services Inc., Clinrol, Antidote Technologies Inc., Ignite Data Solutions, BBK Worldwide LLC, Integrated Clinical Trial Services (ICTS) Inc., Syneos Health Inc., 3H Medi Solution Co. Ltd., Fidelis Research Ltd., S4 Research Pvt. Ltd, Clinical Accelerator Ltd., Polaris BioPharma Consulting Ltd, CSSi Lifesciences

The patient recruitment and retention services market report table of contents includes:
1. Executive Summary
2. Patient Recruitment and Retention Services Market Characteristics
3. Patient Recruitment and Retention Services Market Trends And Strategies
4. Patient Recruitment and Retention Services Market - Macro Economic Scenario
5. Global Patient Recruitment and Retention Services Market Size and Growth

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32. Global Patient Recruitment and Retention Services Market Competitive Benchmarking
33. Global Patient Recruitment and Retention Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Patient Recruitment and Retention Services Market
35. Patient Recruitment and Retention Services Market Future Outlook and Potential Analysis
36. Appendix

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