San Francisco, CA Novotech, the global full-service clinical Contract Research Organization (CRO) that partners with biotech companies to accelerate the development of advanced and novel therapeutics, has released an in-depth report "COVID-19: Global Clinical Trial Landscape 2024." This report delivers a robust analysis of ongoing and completed COVID-19 clinical trials, therapeutic strategies, and funding trends, offering essential insights for researchers and biotech leaders in the evolving COVID-19 research landscape.
The COVID-19 pandemic has led to significant advancements in clinical research and therapeutic innovation. Novotech’s report offers an authoritative analysis of global trial distribution, patient recruitment trends, and emerging therapeutic strategies, drawing on over 5,000 clinical trials conducted since 2019 across Asia-Pacific, North America, Europe, and beyond.
Key Findings in the Report:
- Epidemiology and Incidence: As of 2024, COVID-19 has resulted in approximately 777 million cases and over 7 million deaths globally, with significant case burdens in regions like Europe, the Americas, and the Western Pacific.
- Global Trial Trends: The report reveals that Asia-Pacific leads COVID-19 clinical trial activity with 34% of trials, followed by North America (25%) and Europe (22%). Key countries, including the United States, India, and China, have played a central role in advancing COVID-19 research.
- Therapeutic Innovations: Evolving strategies now extend beyond vaccines to include targeted antivirals, immune modulators, and monoclonal antibodies each addressing different stages and severities of the disease. These advancements highlight the importance of a diversified approach to COVID-19 management.
- Funding Landscape: Public and venture capital funding has been instrumental in advancing COVID-19 research. Between 2019 and 2023, the U.S. and China received the highest funding, enabling significant progress in the development and deployment of critical COVID-19 treatments.
A Look Ahead: Opportunities and Threats
The report’s SWOT analysis explores both opportunities and challenges within COVID-19 drug development. While booster and variant-specific vaccines, as well as mRNA technology advancements, provide avenues for continued progress, threats such as emerging variants, regulatory challenges, and vaccine hesitancy remain critical considerations.
Download your copy of the "COVID-19: Global Clinical Trial Landscape 2024" report here.
Media contact
Toyna Chin
About Novotech Novotech-CRO.com
Novotech is a globally recognized full-service clinical research organization (CRO) and scientific advisory company that provides biotech and small- to mid-sized pharma companies an accelerated path to market since 1997. With a global footprint spanning 30+ offices across the Asia-Pacific region, North America, and Europe, and partnerships with 5,000+ trial sites, Novotech offers unparalleled access to key clinical trial destinations and diverse patient populations.
Novotech leverages its therapeutic and regulatory expertise, client-centric service model, local market insights, and advanced analytical tools to expedite patient recruitment, enhance trial efficiencies, and bring life-changing therapies to market faster. This work has been recognized by awards such as the Frost & Sullivan CRO Company of the Year, which Novotech has received for 19 consecutive years.
For more information or to speak to an expert team member visit: https://novotech-cro.com/talk-to-an-expert