San Francisco, 01 April, Clinical Trial Supplies Market Analysis By
Phase (Phase I, Phase II, Phase III), By Product & Services (Manufacturing,
Storage & Distribution, Supply Chain Management), By End-Use, By
Therapeutic Use, By Region, And Segment Forecasts, 2018 – 2025.
The global clinical trial supplies market is
expected to reach USD 3.3 billion by 2025, according to a new report by Grand
View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing
to Increasing volume of clinical trial studies coupled with the growing
complexity in conduction of these trials are the primary driver of the
industry. Furthermore, geographic expansion and development of Information
Technology (IT) to facilitate higher integration and smooth performance of
activities are other vitally impacting parameters. Over the next eight years,
the clinical trials and pharmaceutical industry is anticipated to continue
steady growth, thereby promoting the high requirement of clinical trial
supplies.
U.S
and Canada are home to majority of clinical trials which are conducted in this
region. No language barrier is one of the major factor for the preference of
this region for majority of clinical trials, as English language is widely
spoken in this region. Major CRO’s and biopharmaceutical companies have their
hub in this region and with advancement in technology the demand for efficient
supplies are increasing and the region is expected to dominate the clinical
trial supplies market over the forecast period.
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Research Report On Clinical Trial Supplies Market Analysis:
Further Key Findings From the Study Suggest:
·
On the basis of clinical phase,
the market is anticipated to be dominated by Phase III in 2025. The presence of
large number of molecule estimated to reach Phase III by 2020 is the primary
factor responsible for this prediction.
·
By services, storage and distribution
is anticipated to witness the fastest growth at a CAGR of over 7.0%.
·
Key end-users of this industry
are pharmaceuticals, and biologics. Biologics are expected to witness fastest
growth owing to the increasing research in the field of genetics and
biotechnology such as development of nanoparticle based drug delivery systems.
·
In terms of therapeutic use or
clinical indication, oncology dominates the market. The highest research
activity as of 2016 is being performed for this indication, which in turn is
expected to drive the market.
·
Few of the industry players
include Movianto GmbH, Thermo Fischer Scientific, Sharp Packaging Services,
Catalent Pharma Solution, Biocair International Ltd., PCI Services, Almac Group
Ltd, and Patheon Inc. Other players present in the market space include
Clinigen Group Plc, Merck Serono, and Chimerix.
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has
segmented the clinical trial supplies market by phase, product/service,
end-use, therapeutic use and region:
Clinical
Phase Outlook (Revenue, USD Million; 2014 - 2025)
·
Phase I
·
Phase II
·
Phase III
·
Others
Product/Service
Outlook (Revenue, USD Million; 2014 - 2025)
·
Manufacturing
·
Storage & distribution
o
Cold chain based
o
Non-cold chain based
·
Supply chain management
End-Use
Outlook (Revenue, USD Million; 2014 - 2025)
·
Pharmaceuticals
·
Biologics
·
Medical device
·
Others
Therapeutic
Use Outlook (Revenue, USD Million; 2014 - 2025)
·
Oncology
·
CNS
·
Cardiovascular
·
Infectious disease
·
Metabolic disorders
·
Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
o
Saudi Arabia
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-clinical-trial-supplies-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
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