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The Brazil clinical trials market size was valued at USD 316.6 million in 2024. The market is projected to grow from USD 327.3 million in 2025 to USD 443.5 million by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Clinical trials are the processes that aid in researching the safety and efficacy of new treatments, therapeutics, and medical devices. The increasing prevalence of chronic diseases has been fueling the demand for effective diagnostics and therapeutics. This factor has been fueling the number of trials conducted for the development of effective therapeutics, thus contributing to the market growth.
Moreover, the market comprises small and mid-sized players. IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, and Charles River Laboratories are a few of the key players that are enhancing their service offerings to fuel their revenue generation from clinical studies service offerings.
Growing Number of Clinical Trials being Conducted in Brazil has been Fueling Market Growth
Many pharmaceutical and biotechnology companies have been focusing on the research & development of novel therapeutics to reduce the growing burden of chronic conditions majorly in Brazil.
This factor has been fueling the number of research trials being conducted in the country, thereby fueling the market growth.
Challenges Associated with limited financial and human resources in Brazil have been Limiting the Number of Trials being conducted in the Country
Factors such as a lack of financial capacity and limited human resources, among others, have been limiting Brazil clinical trials market growth.
For instance, the following are some of the major challenges faced by the biotechnology & pharmaceutical industry and research institutes while conducting clinical research in Brazil:
Increasing Number of Promising Discoveries is Expected to Fuel Demand for Clinical Studies
There has been a limited number of trials and poor research and development of diseases such as oral conditions, sense organ diseases, congenital anomalies, and others due to certain barriers, such as the lack of translated human organs that limit understanding of the molecular mechanisms of disease. However, many advancements have emerged, which, with the help of additional research and funding, could lead to the discovery of advanced treatments. This can help in conducting research cost-effectively in Brazil.
Furthermore, in the coming years, new objectives are expected to emerge to treat different diseases, and studies are expected to be conducted in the sense of creating the genome of the organs affected by any disease. By improving disease knowledge and seeking the purpose of drug development, these findings will help to improve the current revival of drug development.
The recovery in the development of treatment for less-than-tested diseases, such as sense organ disorders and urinary diseases, is evident in the growing number of clinical tests, publications, and others in Brazil.
Navigating Brazil's complex regulatory environment requires careful planning and local expertise, which can lead to delayed initiation of clinical studies.
The shortage of skilled workforce in the country is among the major challenging factors in conducting trials.
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Increasing Focus of the Contract Research Organizations (CROs) on Acquisition to expand their Services in the Country has emerged as a Latest Trend
In order to fulfill the increasing demand for pharmaceutical and other healthcare companies and aid in conducting trials in the country, CROs have increased their emphasis on the expansion of their services in the country through partnerships and acquisitions.
Other Trends
Postponement of Clinical Trials Resulted in Slow Growth of the Market During the Pandemic
During the COVID-19 outbreak in 2020, the market experienced slow growth due to the postponement of clinical studies in order to control the spread of the virus. The number of clinical trials conducted in the country also experienced a decline in 2020 as compared to the prior year.
The market grew significantly post-COVID-19 outbreak in 2021 and 2022. This was due to the upliftment of lockdown restrictions and the initiation of the postponed research studies.
Increasing Number of Phase III Trials being Registered for Clinical Studies in the Country led to the Segment’s Dominance
The market is segmented into phase I, phase II, phase III, and phase IV, based on its phases.
The phase III segment dominated the market in 2024. The segment’s dominance is attributed to the increasing number of studies being conducted in the country.
Furthermore, the phase II segment is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing focus of the pharmaceutical companies in conducting phase II clinical studies in the country.
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Increasing Number of Clinical Trials in the Oncology Field led to the Segment’s Growth
Based on application, the market is segmented into oncology, CNS disorder, cardiology, infectious disease, metabolic disorder, renal/nephrology, and others.
The oncology segment accounted for a significant market share in 2024 and is expected to grow at the fastest CAGR during the forecast period. The segment's growth is attributed to the increasing number of clinical research studies for cancer therapeutics development.
Moreover, the others segment dominated the market in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment's growth is attributed to the growing demand for effective therapeutics for disorders such as respiratory disorders, ophthalmology-related diseases, and others, and the increasing focus of the market players on its R&D.
Increasing Focus of Market Players on New Service Launches is Fueling the Company's Revenue Growth
IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, and Charles River Laboratories are a few prominent key players in the market, accounting for a significant Brazil clinical trials market share in 2024. The strong presence of these companies in the market is attributed to their focus on new service launches.
Moreover, pharmaceutical, biotechnology, and medical device companies such as Pfizer Inc., Novartis AG, and F. Hoffmann-La Roche Ltd are focusing on R&D for effective therapeutic and medical device development.
The Brazil clinical trials market research report provides a detailed competitive landscape and market insights. It also includes key insights, such as top industry developments covering partnerships, mergers, and acquisitions. Additionally, it focuses on key points, such as new solution launches in the market. Furthermore, the report covers regional analysis of different market segments, profiles of key market players, market trends, and the impact of COVID-19 on the market. The report consists of quantitative and qualitative insights that have contributed to the market's growth.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 3.9% from 2025-2032 |
Unit | Value (USD Million) |
Segmentation | By Phase
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By Application
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Fortune Business Insights says that the Brazil market stood at USD 316.6 million in 2024 and is projected to reach USD 443.5 million by 2032.
The market is predicted to exhibit a CAGR of 3.9% during the forecast period of 2025-2032.
By phase the phase III segment led the market.
The increasing number of clinical trials, along with improvement in the regulatory scenario, has been fueling the market growth.
IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, and Charles River Laboratories are the top players operating in the market.
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