Registering a CAGR of 8.25% over the forecast period, the market value of Clinical Trial Supply and Logistic for Pharmaceutical is expected to reach US$ 28,402.26 million in the year 2027.
A clinical trial is a phase of research in the medical sector that involves a trial of the end product to determine the drug's safety. To obtain results, each clinical experiment requires distinct and clean equipment. Clinical trial and logistic service providers help research institutes succeed by offering support and equipment for clinical studies. The service providers are also in charge of managing trial sites and contacting potential patients for drug testing. The primary factor driving the market's expansion is the rising number of diseases and difficulties, as well as the need to produce treatments to treat infected patients.
The rising investment in drug research and the rise in drug research projects globally are two of the primary factors driving market expansion over the anticipated period. While the government funds the first medication research, pharmaceutical corporations or venture capitalists fund the later stages, specifically the clinical trial and subsequent stage research. Increasing disease complexity, as well as rising illness incidence and rising investment in the drug research industry, are expected to drive market expansion throughout the estimated period.
The report aspects discussed the profile of the top manufacturers of the global Clinical Trial Supply and Logistic for Pharmaceutical market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Clinical Trial Supply and Logistic for Pharmaceutical Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Top Key Players in the Clinical Trial Supply and Logistic for Pharmaceutical Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Clinical Trial Supply and Logistic for Pharmaceutical Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Thermo Fisher Scientific Inc.(NYSE: TMO), Catalent Pharma Solutions, Almac Group, Parexel International, UDG Healthcare, PCI Services, Marken, Klifo A/S., Walden Group, Bilcare Limited, Biocair and others.
PCI Pharma Service Launches Digital Platform for Supply Chain Management
October 1, 2020-- PCI Pharma Services, a drug development solutions company based in Philadelphia, PA, announced on Sept. 28, 2020 that it has launched pci | bridge, a digital platform that provides customers with real-time clinical and commercial supply chain data and insights. The platform makes inventory, production, distribution, and shipping data immediately accessible by integrating the platform with PCI’s other systems, making the data manageable from both sides. The platform also comes equipped with a document repository for the storage of electronic paperwork.
Almac Group Announces Almac ONE™ – A Unified Clinical Trial Supply Solution
6 March 2019 – Almac Group announces Almac ONE™ – providing the first unified Clinical Trial Supply solution. This solution redefines the Clinical Supply Chain experience, creating a responsive end-to-end process that enhances visibility and accuracy throughout the lifecycle of a clinical study. The drug development market continues to evolve significantly with common challenges such as expensive investigational products, limited inventory and globalization of clinical trials. One of the key challenges facing sponsors today is the disconnect that exists across the clinical supply chain with variable recruitment patterns and patient demand. This leads to disjointed and costly trials resulting infrequently missed milestones.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The US healthcare industry is massive, with healthcare spending accounting for over 19.7% of US GDP in 2020. The US healthcare industry is massive, and is continuing to grow as the population swells. Many different types of companies and healthcare institutions work together to provide patient satisfaction and a better quality of care. It is expected that the North America and Europe clinical trial and the logistic market will dominate the global industry owing to the larger concentration of pharmaceutical research industries. The Asia Pacific market is forecasted to grow at a significant rate.
The Clinical Trial Supply and Logistic for Pharmaceutical Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Clinical Trial Supply and Logistic for Pharmaceutical Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Clinical Trial Supply and Logistic for Pharmaceutical Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Clinical Trial Supply and Logistic for Pharmaceutical Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Clinical Trial Supply and Logistic for Pharmaceutical Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Thermo Fisher Scientific Inc.(NYSE: TMO), Catalent Pharma Solutions, Almac Group, Parexel International |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.25% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Thermo Fisher Scientific Inc.(NYSE: TMO), Catalent Pharma Solutions, Almac Group, Parexel International, UDG Healthcare, PCI Services, Marken, Klifo A/S., Walden Group, Bilcare Limited, Biocair |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 109 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Clinical Trial Supply and Logistic for Pharmaceutical Market is studied from 2017 - 2027.
What is the growth rate of Clinical Trial Supply and Logistic for Pharmaceutical Market?
The Clinical Trial Supply and Logistic for Pharmaceutical Market is growing at a CAGR of 8.25% over the next 5 years.
Who are the key players in Clinical Trial Supply and Logistic for Pharmaceutical Market?
Thermo Fisher Scientific Inc.(NYSE: TMO), Catalent Pharma Solutions, Almac Group, Parexel International, UDG Healthcare, PCI Services, Marken, Klifo A/S., Walden Group, Bilcare Limited, Biocair
What regions does this Clinical Trial Supply and Logistic for Pharmaceutical Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Clinical Trial Supply and Logistic for Pharmaceutical Market?
Phase I, Phase II, Phase III
What are the major end-use applications of Clinical Trial Supply and Logistic for Pharmaceutical Market?
Logistics & Distribution, Manufacturing and Packaging, Supply Chain Management, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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