The global clinical trial supply and the logistic market was valued at US$11.437 billion in 2017 and is projected to expand at a CAGR of 8.02% over the forecast period to reach US$18.164 billion by 2023. The growing regulatory concerns regarding the conduction of a clinical trial are significantly driving the clinical trial and logistic market. Moreover, the development of new drug and medical devices are also increasing which is further supplementing the growth of the market. Simultaneously, the increasing emphasis by the manufacturers towards minimizing overage and avoiding shortages, optimizing production and packaging, and balancing shipment and supply costs are increasing the demand for efficient solutions for clinical trial supply and logistics.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the clinical trial supply and logistic value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global clinical trial supply and logistic market.
Major industry players profiled as part of the report are Sharp, DHL International GmbH, Paraxel International Corporation, and Catalent Inc. among others.
The global clinical trial supply and the logistic market have been analyzed through the following segments:
- By Component
- Packaging and Labeling
- By End Users
- Medical Device
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- South Africa
- Saudi Arabia
- Asia Pacific
- Service Providers
- Government Agencies
- Research Organizations
Key insights offered
- What will be the global clinical trial supply and logistic market size from 2017 to 2023?
- How are the major drivers and restraints affecting the global clinical trial supply and logistic market growth and the opportunities which exist for key vendors?
- Which segment and region will drive or lead the market growth and why?
- A comprehensive analysis of competitive landscape and key market participants’ behavior
- Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.