AI-Based clinical trial solutions for the patient matching market areanticipated to grow at a significant CAGR of 22.6% during the forecast period (2024-2031).The global market for AI-based clinical trial solutions for patient matching is driven by rising demand for clinical trials, the complexity of patient matching, advancements in AI and ML technologies, integration with Electronic Health Records (EHRs), regulatory pressures, and patient-centricity. These solutions aim to improve patient enrollment, enhance trial efficiency, and accelerate drug development. AI-based solutions can analyze large datasets, EHRs, and real-world data to identify eligible patients more efficiently. It additionallyintegrateswith EHR systems for seamless access to patient data and clinical trial protocols. Collaborations between technology providers, pharmaceutical companies, CROs, and healthcare institutions are driving innovation in the development and adoption of AI-based clinical trial solutions.
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AI-based clinical trial solutions are being utilized by the pharmaceutical industry to expedite drug development, overcoming challenges such ashigh costs and lengthy timelines, thereby gaining a competitive edge. According to the American Medical Association, in March 2023, the increase in health spending in the US in 2021 was 2.7%, reaching a total of $4.3 trillion, which translates to $12,914 per capita. This growth rate is significantly lower than the previous year’s 10.3% increase. The decline in pandemic-related government expenditures offset the rise in utilization of medical goods and services that rebounded from delayed care and pent-up demand in 2020.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global AI-Based Clinical Trial Solutions for Patient Market by Application
- Oncology
- Cardiovascular Diseases
- Neurological Diseases or Conditions
- Metabolic Diseases
- Infectious Diseases
- Others (Gastrointestinal Disorders, and Respiratory Diseases)
Global AI-Based Clinical Trial Solutions for Patient Market by End User
- Pharmaceutical Companies
- Academia
- Others (Contract Research Organizations (CROs), and Government Agencies)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AiCure, LLC
- Ardigen S.A.
- BioSymetrics
- CliniOps, Inc.
- Consilx
- Euretos Services BV
- Exscientia plc
- GNS Healthcare, Inc.
- IBM Corporation
- Innoplexus AG
- Intelegencia
- Koneksa Health Inc.
- Median Technologies
- Phesi, Inc.
- Saama Technologies, LLC.
- Teckro, Inc.
- TriNetX, LLC
- ai Inc.
- Verily Life Sciences, LLC
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI-based clinical trial solutions for the patient matching market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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