Global Clinical Trial Supply And Logistics Market Strategies 2024, Forecast To 2033
8 Mar, 2024
The clinical trial supply and logistics market is set to rise from $4.31 billion in 2023 to $4.69 billion in 2024, boasting a CAGR of 8.9%. The upsurge is attributed to factors like increased prevalence of chronic diseases, globalization of clinical trials, and improved healthcare infrastructure. Looking ahead, it's projected to reach $6.52 billion by 2028, growing at a CAGR of 8.5%. This growth trajectory is fueled by demands for personalized medicine, patient-centric trials, and strategic collaborations among industry stakeholders, alongside technological advancements and stringent regulatory compliance.
Global Clinical Trial Supply And Logistics Market Key Driver
The clinical trial supply and logistics market is expanding with the increasing number of clinical trials. The number of registered clinical studies has risen globally, necessitating efficient supply chain management to support the conduct of research studies.
Get A Free Sample Of The Global Clinical Trial Supply And Logistics Market ReportGlobal Clinical Trial Supply And Logistics Market Segments
The clinical trial supply and logistics market covered in this report is segmented –
1) Service:Logistics And Distribution, Storage And Retention, Packaging Labelling And Blinding, Manufacturing, Comparator Sourcing, Other Services
2) Phase:Phase I, Phase II, Phase III, Phase IV
3) Area:Oncology, Cardiovascular Diseases, Respiratory Diseases, CNS and Mental Disorders, Other Areas
4) End-User:Pharmaceuticals, Biologicals, Medical Device
By Geography: The countries covered in the clinical trial supply and logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the clinical trial supply and logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial supply and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Clinical Trial Supply And Logistics Industry Players
United Parcel Service; DHL Group; FedEx Corporation; Thermo Fisher Scientific Inc.; IQVIA; ICON plc; Eurofins Scientific; Catalent Inc.; Intertek Group plc; Parexel International Corporation; UDG Healthcare PLC.; Almac Group; World Courier; Piramal Pharma Solutions; Sharp Clinical Services Ltd.; Clinigen Group; PCI Pharma Services; Movianto Group; Cold Chain Technologies; Biocair International Limited; QuickSTAT; Wasdell Group; Klifo A/S; TrakCel; Packaging Coordinators Inc.; Biotec Services International Limited; Proventa International; Inceptua Group.
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Clinical Trial Supply And Logistics Market Overview
Clinical trial supply and logistics refers to the systematic procedure of ensuring the timely and cost-effective delivery of necessary supplies, equipment, and medications for the execution of a clinical study. This essential process ensures the safe and efficient conduct of the study while maintaining a focus on minimizing expenses.