What Has Been the Progress and Growth of the Clinical Trial Equipment And Ancillary Solutions Market in Recent Years?
The clinical trial equipment and ancillary solutions market has seen considerable growth due to a variety of factors.
• The clinical trial equipment and ancillary solutions market has grown steadily in recent years. It will increase from $2.54 billion in 2024 to $2.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.3%.
The market's growth is fueled by the rising prevalence of chronic diseases, increased research spending, the expanding pharmaceutical sector, growth in the medical field, and a shift toward patient-centric clinical trials.
How Does the Forecast Look for the Clinical Trial Equipment And Ancillary Solutions Market?
The clinical trial equipment and ancillary solutions market is expected to maintain its strong growth trajectory in upcoming years.
• The clinical trial equipment and ancillary solutions market is expected to grow to $3.92 billion by 2029 at a 9.0% CAGR. Growth is driven by rising chronic diseases, increased research spending, and a growing pharmaceutical sector. Trends include advancements in ancillary solutions, innovative equipment, and new therapies.
What Are The Leading Drivers Of Growth In The Clinical Trial Equipment And Ancillary Solutions Market?
The rising prevalence of chronic diseases is expected to drive the clinical trial equipment and ancillary solutions market. Chronic diseases, caused by factors like air pollution and lifestyle changes, require ongoing medical management. Clinical trial equipment and solutions support personalized treatments, early detection, and regulatory compliance. The National Center for Biotechnology Information projects that by 2050, 142.66 million people aged 50 and above will have at least one chronic illness.
How Are The Segments Defined Within The Global Clinical Trial Equipment And Ancillary Solutions Market?
The clinical trial equipment and ancillary solutions market covered in this report is segmented –
1) By Type: Diagnostic Equipment, Laboratory Instruments, Ancillary Solutions
2) By Service: Rental And Leasing Services, Supply And Logistics Services, Regulatory Compliance Services, Software Services
3) By End-User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations (CROs), Medical Device Companies, Others End-Users
Subsegments:
1) By Diagnostic Equipment: Imaging Devices, Electrocardiogram (ECG) Machines, Blood Pressure Monitors, Pulse Oximeters
2) By Laboratory Instruments: Centrifuges, Spectrometers, Microscopes, Pipettes And Dispensers
3) By Ancillary Solutions: Clinical Trial Management Software (CTMS), Patient Recruitment Solutions, Data Management Solutions, Temperature Control Systems
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What New Trends Are Influencing The Clinical Trial Equipment And Ancillary Solutions Market?
Companies in the clinical trial equipment and ancillary solutions market are focusing on integration platforms to streamline clinical trial workflows. For example, in March 2022, Vibrent Health developed the Ancillary Studies Tool Suite, which integrates digital apps, sensors, and data collection platforms into clinical trial systems. This platform enhances data exchange and improves operational efficiency in clinical research.
Who Are the Key Players In The Clinical Trial Equipment And Ancillary Solutions Market?
Major companies operating in the clinical trial equipment and ancillary solutions market are:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck KGaA
• Agilent Technologies Inc.
• Iron Mountain Incorporated (IRM)
• PerkinElmer Inc.
• Illumina Inc.
• Sartorius AG
• PAREXEL International Corp.
• Marken
• Shimadzu Corporation
• Waters Corporation
• Bruker Corporation
• Eppendorf AG
• Tecan Group AG
• Mettler Toledo International Inc.
• Hamilton Company
• Repligen Corporation
• Labconco Corporation
• Ancillare LP
• Binder GmbH
• Germfree Laboratories Inc.
• Nuaire Inc.
• Sheldon Manufacturing Inc.
• Esco Micro Pte. Ltd.
What Is The Most Dominant Region In The Clinical Trial Equipment And Ancillary Solutions Market?
North America was the largest region in the clinical trial equipment and ancillary solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial equipment and ancillary solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
