Clinical Trial Supplies Market was estimated to be over US$ 1900 million by 2019. The market is anticipated to grow at a CAGR of ~6.8% from 2019 to 2030.
The continual growth of the clinical trial supplies market can be attributed to several factors such as growing incidences of various diseases, rising number of clinical trials, and increase in R&D investments. Moreover, support from governments for conducting further research is anticipated to additionally contribute to the substantial growth of market between 2019 and 2030. However, longer approval time for clinical trials is likely to restrain growth of the market to a certain extent.
Major Key Players of the Clinical Trial Supplies Market are:
Almac Group, Catalent, Parexel International Corporation, Thermo Fisher Scientific, PCI Pharma Services, Sharp, Biocair, Movianto, KLIFO and MARKEN among others.
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To obtain better insights pertaining to the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers and companies. For instance, In December 2016, Almac Group, announced the formation of a strategic partnership with inVentiv Health, a biopharma outsourcing company, a leading CRO and the industry’s only Contract Commercial Organisation (CCO).
Growing incidences of diseases and emergence of new disease cases has necessitated the need for new curable drugs for treatment. Whereas, in developing countries, there are large number of unmet clinical needs due to the occurrence of infectious and tropical diseases in the region. These overall factors, have led to increase in the number of clinical trials conducted. Moreover, increase in government support has also encouraged many small, medium, and large players to enter into drug development. These factors will in turn are expected to increase the clinical trial supplies market.
The Clinical Trial Supplies Market is segmented on the basis of Product, Therapeutic Area and region.
Major Products & Services of Clinical Trial Supplies Market covered are:
- Manufacturing
- Packaging & Labeling
- Storage & Distribution
Major Therapeutic Area of Clinical Trial Supplies Market covered are:
- Oncology
- CNS & Mental Disorders
- Infectious Diseases
- Respiratory Diseases
- Cardiovascular Diseases
- Blood Disorders
- Dermatology
Stringent regulatory requirements regarding the conducting clinical trials have led to delay in approval of clinical trial, which in turn hampers the clinical trial supplies.
Asia Pacific has been identified as the fastest-growing market for clinical trial supplies market. This can be attributed to the rising unmet health care needs and low cost for conducting trials in this region. Countries in the APAC, such as India, China, and Japan, are anticipated to provide significant growth opportunities for the global clinical trial supplies market due development in healthcare infrastructure and outsourcing of drug development services by major pharmaceutical companies. Additionally, companies have shifted their focus to the emerging countries due to the increasing regulatory requirements and approval timeline in developed countries.
Research objectives:-
– To study and analyze the global Clinical Trial Supplies consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Clinical Trial Supplies market by identifying its various sub-segments.
– Focuses on the key global Clinical Trial Supplies manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Clinical Trial Supplies with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Clinical Trial Assessment
- GLOBAL CLINICAL TRIAL SUPPLIES MARKET – ANALYSIS & FORECAST, BY PRODUCTS & SERVICES
- Manufacturing
- Packaging and Labeling
- Storage and Distribution
- GLOBAL CLINICAL TRIAL SUPPLIES MARKET – ANALYSIS & FORECAST, BY PHASE
- Phase I
- Phase II
- Phase III and Bioequivalence Studies
- GLOBAL CLINICAL TRIAL SUPPLIES MARKET – ANALYSIS & FORECAST, BY THERAPEUTIC AREA
- Oncology
- CNS and Mental Disorders
- Infectious Diseases
- Respiratory Diseases
- Cardiovascular Diseases
- Blood Disorders
- Dermatology
- Others
- GLOBAL CLINICAL TRIAL SUPPLIES MARKET – ANALYSIS & FORECAST, BY REGION
- North America Clinical Trial Supplies Market
- Europe Clinical Trial Supplies Market
- Asia Pacific Clinical Trial Supplies Market
- Rest of the World (ROW) Clinical Trial Supplies Market
- COMPETITIVE LANDSCAPE ASSESSMENT
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment [Year Assessment (2016-2019)]
- New Product Launches
- Merger & Acquisitions
- Expansions
- Agreements, Collaborations, & Partnerships
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Almac Group
- Catalent, Inc
- Parexel International Corporation
- Thermo Fisher Scientific Inc.
- PCI Pharma Services
- Sharp
- Biocair
- Movianto
- KLIFO
- MARKEN *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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