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According to The Business Research Company’s Global Market Report for Patient Recruitment and Retention Services in 2023, the market is projected to rise from $3.54 billion in 2022 to $3.78 billion in 2023, with a 6.5% CAGR. By 2027, it is expected to reach $4.67 billion, growing at a 5.5% CAGR.

What was the major driver in the patient recruitment and retention services market?
The patient recruitment and retention services market grows due to increased clinical trials. Clinical trials evaluate new procedures and medications’ impact on health outcomes. These services identify eligible participants and support trial development, with a rising number of trials increasing demand. In February 2023, the World Health Organization reported Southeast Asia’s clinical trials increased from 9,175 in 2020 to 10,966 in 2021, and Europe’s trials rose from 17,161 in 2020 to 17,756 in 2021. Hence, more clinical trials drive the patient recruitment and retention services market.

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What was the key trend in the patient recruitment and retention services market?
Technological advancements are a notable trend in the patient recruitment and retention services market, with major companies introducing advanced products to maintain their market position. In March 2023, Aloha Health Network, a US-based AI platform, unveiled an augmented AI/ML platform to expedite patient recruitment in pharmaceutical clinical trials. This service employs advanced natural language processing (NLP) algorithms to identify and pre-screen potential trial participants using various data sources, including electronic medical records and medical histories.

Which was the largest region in the patient recruitment and retention services market?
North America was the largest region in the patient recruitment and retention services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the patient recruitment and retention services market report during the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the patient recruitment and retention services market prominent players?
Major players in the patient recruitment and retention services market are IQVIA Holdings Inc, ICON PLC, Veradigm Inc., Medpace Holdings Inc., Worldwide Clinical Trials Inc., Bioclinica Inc., Altasciences, BMC Group, Evolution Research Group (ERG), Science37, Veristat LLC, Elligo Health Research Inc., CROee Inc., MMG (Matthews Media Group), Linical Co. Ltd, Global AES, Bright Pharmaceutical Services Inc., Clinrol, Antidote Technologies Inc., Ignite Data Solutions, BBK Worldwide LLC, Integrated Clinical Trial Services (ICTS) Inc., Syneos Health Inc., 3H Medi Solution Co. Ltd., Fidelis Research Ltd., S4 Research Pvt. Ltd, Clinical Accelerator Ltd., Polaris BioPharma Consulting Ltd, and CSSi Lifesciences.

Key patient recruitment and retention services market segments
The global patient recruitment and retention services market is segmented –
1) By Patient Recruitment Steps: Pre-screening, Screening
2) By Trial Phases: Phases I, Phases II, Phases III, Phases IV
3) By Therapeutic Areas: Cardiovascular Diseases, Oncological Disorders, Infectious Diseases, Central Nervous System Disorders, Respiratory Disorders, Hematological Disorders, Other Disorders

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The Patient Recruitment And Retention Services Global Market Report 2023  provides a comprehensive overview on the patient recruitment and retention services market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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