Hacker Noon May 5, 2021
Clinical trials are a growing cross-section of modern medicine and pharmaceuticals, expecting significant growth in the coming years. The valuation of global clinical trials is $44.3B in 2020, with projected growth of 5.7% annually until 2028, show the models of Grand View Research.
Clinical trials have several avenues of growth, including personalized medicine. The market for precision medicine is not only going to expand beyond the average growth for all trials, but pose additional challenges of data collection and personal data preservation. The growth in this market is expected to be 11.7% on an annual basis in the near future, outpacing the pipeline for other clinical trials.
An additional pressure will be placed on the clinical trial sector...
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