The site management organizations (SMO) market is projected to grow at an annualized rate of ~10% during the period 2021

Roots Analysis has announced the addition of “Site Management Organizations (SMO) Market, 2021 – 2035” report to its list of offerings

In recent years, drug / device developers have demonstrated a preference to continue relying on SMOs for conducting clinical trials in order to significantly optimize trial cost and research timelines. Driven by the steady growth in clinical research activity and inherent benefits offered by SMOs, the market opportunity for such players is projected to grow at a significant pace in the foreseen future.

To order this 270+ page report, which features 95+ figures and 120+ tables, please visit

https://www.rootsanalysis.com/reports/site-management-organizations-market.html

Key Market Insights

Around 250 companies across the world claim to offer clinical trial site management services

Majority (43%) of the industry stakeholders are headquartered in North America, followed by those based in Asia-Pacific (32%) and Europe (19%). In addition, 25% of the companies engaged in this domain offer site management services across the globe, followed by those providing services in Asia-Pacific (23%).

200+ partnerships were established in this domain, during the period 2016-2021

Service alliances (26%) and clinical trial agreements (23%) emerged as the most common types of partnership models adopted by stakeholders engaged in this domain. Nearly 65% of the deals in this domain were established after 2018, with the maximum activity being reported in 2021 (56).

To request a sample copy / brochure of this report, please visit

https://www.rootsanalysis.com/reports/site-management-organizations-market/request-sample.html

Key Questions Answered

Who are the leading players engaged in the clinical trial site management domain?
What is the relative competitiveness of different site management organizations?
What type of partnership models are commonly adopted by stakeholders in this industry?
What is the capital investments trend in the site management organizations domain?
Which are the most active clinical trial centers?
What are the major market trends and driving factors that are likely to impact the growth of site management organizations market?
How is the current and future market opportunity likely to be distributed across key market segments?

The report also features inputs from eminent industry stakeholders, according to whom, complexities associated with clinical trial processes and increasing clinical pipeline will drive the growth of the third-party service providers, such as SMOs, engaged in this domain, in the coming future. The report includes detailed transcripts of discussions held with the following experts: