What are virtual clinical trials and why are they important?

Virtual clinical trials, also known as decentralized trials, use technology like apps and remote monitoring to conduct research remotely. This can improve patient access, reduce costs, and speed up drug development.

What are the key growth drivers of the virtual clinical trials market?

The growing demand for new drugs and treatments, increasing healthcare costs, and technological advancements are all driving the growth of the virtual clinical trials market.

Who are the major players in the virtual clinical trials market?

IQVIA, ICON, Parexel, Medidata, and Covance are some of the leading players in the virtual clinical trials market.

What is the future of virtual clinical trials?

Virtual clinical trials are expected to play an increasingly important role in drug development in the future, with advancements in technology and regulatory changes making them more efficient and accessible.