The global clinical trial supplies market is
expected to reach USD 3.3 billion by 2025, according to a new report by Grand
View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing
to Increasing volume of clinical trial studies coupled with the growing
complexity in conduction of these trials are the primary driver of the
industry. Furthermore, geographic expansion and development of Information
Technology (IT) to facilitate higher integration and smooth performance of
activities are other vitally impacting parameters. Over the next eight years,
the clinical trials and pharmaceutical industry is anticipated to continue
steady growth, thereby promoting the high requirement of clinical trial
supplies.
U.S. clinical trial supplies market, by phase, 2014 - 2025
(USD Million)
U.S
and Canada are home to majority of clinical trials which are conducted in this
region. No language barrier is one of the major factor for the preference of
this region for majority of clinical trials, as English language is widely
spoken in this region. Major CRO’s and biopharmaceutical companies have their
hub in this region and with advancement in technology the demand for efficient
supplies are increasing and the region is expected to dominate the clinical
trial supplies market over the forecast period.
To view summary of this report, click the link below:
Further Key Findings From the Study Suggest:
· On the basis of clinical phase, the market is
anticipated to be dominated by Phase III in 2025. The presence of large number
of molecule estimated to reach Phase III by 2020 is the primary factor
responsible for this prediction.
· By services, storage and distribution is
anticipated to witness the fastest growth at a CAGR of over 7.0%.
· Key end-users of this industry are pharmaceuticals,
and biologics. Biologics are expected to witness fastest growth owing to the
increasing research in the field of genetics and biotechnology such as
development of nanoparticle based drug delivery systems.
· In terms of therapeutic use or clinical indication,
oncology dominates the market. The highest research activity as of 2016 is
being performed for this indication, which in turn is expected to drive the
market.
· Few of the industry players include Movianto GmbH,
Thermo Fischer Scientific, Sharp Packaging Services, Catalent Pharma Solution,
Biocair International Ltd., PCI Services, Almac Group Ltd, and Patheon Inc.
Other players present in the market space include Clinigen Group Plc, Merck
Serono, and Chimerix.
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Research at:
Grand View
Research has segmented the clinical trial supplies market by phase,
product/service, end-use, therapeutic use and region:
Clinical Phase Outlook (Revenue, USD Million;
2014 - 2025)
·
Phase I
·
Phase II
·
Phase III
·
Others
Product/Service Outlook (Revenue, USD Million;
2014 - 2025)
·
Manufacturing
·
Storage & distribution
o Cold
chain based
o Non-cold
chain based
·
Supply chain management
End-Use Outlook (Revenue, USD Million; 2014 -
2025)
·
Pharmaceuticals
·
Biologics
·
Medical device
·
Others
Therapeutic Use Outlook (Revenue, USD Million;
2014 - 2025)
·
Oncology
·
CNS
·
Cardiovascular
·
Infectious disease
·
Metabolic disorders
·
Others
Regional Outlook (Revenue, USD Million; 2014 -
2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
o Mexico
o Brazil
·
MEA
o South
Africa
o Saudi
Arabia
View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-clinical-trial-supplies-market
www.grandviewresearch.com/press-release/global-clinical-trial-supplies-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
