Clinical Trial Supply and Logistics Market – Insights
The clinical trial supply and logistics is the management, responsible for offering clinical supplies required for the clinical studies of medical devices or drugs following protocol along with applicable regulatory needs. The process involves an oversight of planning, packaging, labeling, sourcing, forecasting, clinical supplies, and distribution, for the commercial and government sponsors whose researches are in clinical trials of phase 1-4. Suppliers of clinical trials integrate with several third party technicians and vendors for verifying whether the available study drugs are in adequate quality and quantity at several clinical distribution stages. This type of management, in terms of the drug supply, provides full traceability, right from manufacturing till the dispensation and the destruction this in turn decreases risks including out of stock or expiration of products.
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The global clinical trial supply and logistics market size accounted for US$ 14.95 Bn in 2017 and is projected to exhibit a 7.1% CAGR over the forecast period (2018 – 2026).
Global Clinical Trial Supply and Logistics Market Drivers
Increasing ancillary supplies quantity along with presence of diverse vendors to produce these, increasing demand to develop and produce clinical supplies through end user investigators or manufacturers or for studies global in a cost-effective manner is expected to drive growth of the global clinical trial supply and logistics market over the forecast period. As per the Applied Clinical Trials website, published article in 2016, over 40,000 novel investigators globally are conducting minimum one clinical trial that is U.S. Food and Drug Administration (FDA)-regulated. Moreover, rising incidence of cancer globally is providing novel opportunities for the biopharmaceutical research global community, and clinical trial supply and logistics managements for bringing the particular drug to market sooner through navigating the complicated regulatory & clinical environment. As per the World Health Organization (WHO), around 555,318 latest cancer cases were noted in the Middle East, in 2012. This region is expected to foresee over 961,098 cases till 2030, which would be the most number of cases of cancer among other global regions.
Changes in clinical trials’ regulations is expected to fuel growth of the global clinical trial supply and logistics market over the forecast period. The European Union, in 2013, enacted good distribution practices (GDPs) that now are becoming a worldwide adopted guidance. Though its timeline still is under discussion, latest regulations for the clinical trials conducted within the European Union would be disclosed in 2019. The latest regulations can potentially impact supply chain, however, it is geared primarily to the current good manufacturing practices (GMPs) for products embodied by a current directive.
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Moreover, biologics are expected to exhibit growth, due to rising research activities including development of drug delivery systems based on nanoparticle in the biotechnology and genetics fields. For instance, Catalent Pharma Solutions in collaboration with the Switzerland-based Valerius Biopharma AG, is developing and manufacturing biosimilar products of Valerius, as alternatives for high-priced biologics. It is expected to fuel growth of the global clinical trial supply and logistics market over the forecast period.
Clinical Trial Supply and Logistics Market Regional Outlook
Based on regions, the global clinical trial supply and logistics market is segregated into North America, Asia Pacific, Europe, Latin America, Africa, and Middle East. North America is expected to account for the highest global clinical trial supply and logistics market share, due to adoption of products with advanced technology, well-established regulatory firms, presence of large Contract Research Organizations (CRO’s) along with hubs of biopharmaceutical companies. Furthermore, factors including better reimbursement scenario and enhanced healthcare facilities are expected to drive growth of the global clinical trial supply and logistics market within this region. Number of latest vendors trying to step foot in the healthcare sector are expected to rise in the near future, since there are several niche players in the market trying for leveraging the market share with new inventories for drugs and medical devices. Moreover, they will need supply management of clinical trials for cutting down costs over all the business aspects, through decreasing the internal capacities – in terms of employee headcount and site maintenance. Hence, emerging economies in Latin America and Asia Pacific are expected to witness growth in the global clinical trial supply and logistics market, over the forecast period.
Major players functioning in the global clinical trial supply and logistics market are Catalent Pharma Solutions, Inc., Movianto, Almac Group, Patheon, Inc., Sharp Packaging Distribution, PCI Pharma Distribution, PAREXEL International Corporation, Biocair, and Marken, KLIFO A/S.
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• Current and future of global Clinical Trial Supply and Logistics market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Supply Chain Management
- Clinical Trial Management
- Regulatory Scenario
- Merger and Acquisition
- Key Developments
- PEST Analysis
- PORTER’s Analysis
- Market Dynamics
- Global Clinical Trial Supply and Logistics Market, By Service, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Packaging and Labeling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Distribution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Introduction
- Global Clinical Trial Supply and Logistics Market, By End User, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Medical Device
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Biologics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- Introduction
- Global Clinical Trial Supply and Logistics Market, By Regions, 2016–2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016–2026
- Regional Trends
- North America
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Service, 2016–2026, (US$ Million)
- Market Size and Forecast, By End User, 2016–2026, (US$ Million)
- Market Size and Forecast, By Country, 2016–2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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