North America industry is estimated to hold largest revenue share by 2037, attributed to rising number of clinical trial studies in the region. As of 2022, the number projected for medical studies at the end of the year is nearly 55,000, which is an increase from the number of studies conducted in 2021 that were calculated to be around 50,000. Additionally, rising investment in R&D and developing healthcare infrastructure of the region is further expected to hike the growth of the market over the forecast period.
Author Credits: Radhika Pawar
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