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Global Virtual Clinical Trials Industry Trends: Where the Market Is Headed by 2029

November 13, 2025 by The Business Research Company

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How Much Larger Is The Virtual Clinical Trials Market Expected To Become By 2029 Compared With Its 2025 Level?

The virtual clinical trials market has experienced significant growth in recent years. It is anticipated to expand from $11.91 billion in 2024 to $12.95 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.7%. This historical growth can be attributed to several factors including the increased costs of traditional clinical trials, a growing imperative for patient-centric trials, an elevated demand for remote monitoring capabilities, the wider adoption of digital technologies in clinical trials, and an increasing need for efficient and cost-effective clinical trial solutions.

The virtual clinical trials market is projected to experience substantial expansion in the coming years. This market is anticipated to reach $19.51 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.8%. Factors contributing to this growth over the forecast period include the increasing uptake of decentralized clinical trials, the rising deployment of wearables and other remote monitoring technologies, the broadening of telehealth services, favorable regulatory frameworks for virtual trial approaches, and the enhanced cost and time efficiencies offered by conducting trials this way. Key trends expected during this period encompass the expanded application of artificial intelligence and machine learning in clinical trials, a surge in the utilization of electronic informed consent (econsent), the proliferation of virtual trial platforms and related technologies, strategic partnerships between pharmaceutical firms and technology innovators, and an emphasis on real-world evidence and distributed data gathering.

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What Are The Emerging Market Drivers Creating New Opportunities In The Virtual Clinical Trials Industry?

Rising funding from governments and drug manufacturers for research and development into novel vaccines and medications is fueling the expansion of the virtual clinical trials market. Research and development departments within the medical sector are progressively adopting virtual clinical trial solutions and services to enhance the quality assurance and management of clinical data for drugs and associated products. A McKinsey article indicates that the COVID-19 pandemic significantly accelerated the embrace of decentralized clinical trials by pharmaceutical firms, simultaneously underscoring the vital advantages of virtual trials and elevating both patient and physician experiences. Consequently, the growing financial commitments from governments and pharmaceutical enterprises towards developing new vaccines and drugs are propelling the expansion of virtual clinical trials.

What Are The Emerging Segments Gaining Attention In The Virtual Clinical Trials Market?

The virtual clinical trialsmarket covered in this report is segmented –

1) By Design: Observational Trials, Interventional Trials, Expanded Access Trials

2) By Phases: Phase I, Phase II, Phase III, Phase IV

3) By Indication: CNS, Autoimmune Or Inflammation, Cardiovascular Disease, Metabolic Or Endocrinology, Infectious Disease, Oncology, Genitourinary, Ophthalmology, Other Indications

Subsegments:

1) By Observational Trials: Prospective Cohort Studies, Retrospective Studies, Case-Control Studies

2) By Interventional Trials: Randomized Controlled Trials (RCTs), Non-Randomized Trials, Adaptive Trials

3) By Expanded Access Trials: Single-Patient Expanded Access, Multi-Patient Expanded Access, Compassionate Use Programs

Which Key Trends Are Expected To Influence The Virtual Clinical Trials Market In The Coming Years?

Technological advancement represents a principal trend that is becoming widely adopted in the virtual clinical trials market. Major companies operating in the virtual clinical trials market are concentrating on supplying technologically advanced solutions to address the swiftly growing demands of the industry and bolster their market presence. These companies are integrating next-generation virtual clinical technologies into their services, such as wearable technologies, mHealth, blockchain, cloud computing, EMR integration, actionable data, threshold monitoring, AI, SFTP, ETL services, and others. For example, in April 2022, Unlearn. AI, a US-based startup, is set to introduce a new digital twin RCTs technology for clinical trials, which allows for smaller control groups while preserving power and creating evidence suitable for supporting regulatory decisions through the use of AI and historical data.

Which Industry Leaders Are Driving Innovation Across The Virtual Clinical Trials Market?

Major companies operating in the virtual clinical trials market include ICON plc, Parexel International Pvt. Ltd., IQVIA Holdings Inc., Covance Research Products Inc., Pharmaceutical Research Associates Inc., Medidata Solution Inc., Oracle Corporation, Clario Tech Ltd., Medable Inc., Science 37 Holdings Inc., THREAD Research, Clinical Ink Inc., Veeva Systems Inc., Clinerion Ltd., CRF Health Group Limited, Royal Castor Products Limited, Crio Inc., Deep Lens Inc., Florence Healthcare Inc., goBalto Inc., Medrio Inc., Mint Medical Ltd., Mytrus Inc., OpenClinica LLC, PatientWing, RealTime-CTMS LLC, Reify Health, Sanguine Biosciences Inc., TriNetX Inc., VirTrial LLC

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How Does The Virtual Clinical Trials Market Perform Across Key Geographic Regions?

North America was the largest region in the virtual clinical trials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual clinical trials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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