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Clinical Trial Supply and Logistics Market to Make a Leap and Reach a Valuation of USD 27.59 Billion by 2026 | Says, Coherent Market Insights

August 5th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Global Clinical Trial Supply and Logistics Market, by Service (Manufacturing, Packaging and Labeling, and Distribution) and by End User (Pharmaceutical, Medical Devices, and Biologics) was valued at US$ 14.95 Bn in 2017 and is estimated to exhibit a CAGR of 7.1% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.

Numerous clinical trial supply and logistics management companies are focusing on offering smart tools to solve problems in delivering trial-related supplies to multiple locations, identify opportunities, reduce costs, and enhance future trials. Moreover, clinical supply management offers other supplies such as disposable products, refrigerators, centrifuges, and diagnostic, testing, and imaging medical equipment apart from the investigational medicinal products. These above mentioned factors are expected to offer lucrative growth opportunities for the manufacturers to develop drugs or technologically advanced medical devices with ease.

Get Sample PDF (Including COVID-19 Impact Analysis, Full TOC, Tables and Figures) of Clinical Trial Supply and Logistics, https://www.coherentmarketinsights.com/insight/request-pdf/1798

Moreover, increasing shift in geographical distribution of clinical trials by various biopharmaceutical companies from regions such as Central and Eastern Europe, Asia Pacific, Latin America, and Middle East for cost-effective and quick patient recruitment is expected to propel growth of the clinical trial supply and logistics market over the forecast period. Furthermore, Asia Pacific region offers significant economic benefits to biopharmaceutical companies, as government in China and Singapore allocate funds to promote biomedical research in the region. Additionally, Asia Pacific has prevalence of various kind of different diseases, which helps in conducting clinical trials with more significant results and outcome. For instance, in April 2018, Zuellig Pharma Holdings Pte. Ltd. entered into a distribution agreement with Taiho Pharma, Singapore for their product, TS-ONE OD Tablet, which is the first anticancer agent in the form of disintegrating tablet for the patients, who face difficulty in swallowing capsules or whose water intake is restricted.

In addition, clinical trial suppliers and logistics focuses on adopting organic and inorganic growth strategies such as mergers and acquisitions, and launches of various clinical programs, which is expected to boost growth of the market over the forecast period. For instance, Bionical, global supplier of commercial pharmaceutical products, acquired a global clinical research organization named EMAS Pharma in November 2016, to expand its clinical service business footprint globally and to unify and complete Bionical’s patient-centric service portfolio.

Browse 25 Market Data Tables and 44 Figures spread through 173 Pages and in-depth TOC on “Clinical Trial Supply and Logistics Market, by Service (Manufacturing, Packaging and Labeling, and Distribution) and by End User (Pharmaceutical, Medical Devices, and Biologics) – Global Forecast to 2026”

To know the latest trends and insights related to clinical trial supply and logistics market Press Release, click the link below: https://bit.ly/33tNhxN

Key takeaways of the clinical trial supply and logistics market:

  • The global clinical trial supply and logistics market is expected to exhibit a CAGR of 1%over the forecast period (2018-2026), attributed to growing number of clinical trials, increasing complexities, and rising number of biologics and biosimilar drugs in trials
  • Among service, distribution segment is expected to witness significant growth over the forecast period, attributed to the rising outsourcing storage and distribution facility
  • Among end user, pharmaceutical segment is expected to account for largest market share, attributed to increasing research activities for oncology therapeutic application. However, steady drop in R&D pipeline for pharmaceutical drugs has been observed and it is substituted by biological drugs, which are expected to impact the segment over the forecast period.
  • Key players operating in the global clinical trial supply and logistics market include Catalent Pharma Solutions, Inc., Almac Group, Movianto, Patheon, Inc., PCI Pharma Distribution, Sharp Packaging Distribution, PAREXEL International Corporation, Marken, KLIFO A/S, and Biocair, among others.

Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/1798

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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