Clinical Trial Supply and Logistics Market By Service (Packaging and Labeling, Manufacturing, and Distribution) By End User (Medical Devices, Pharmaceutical and Biologics)- Global Industry Analysis & Forecast to 2023
Clinical Trial Supply And Logistics Market Industry Outlook and Trend Analysis:
The Clinical Trial Supply and Logistics Market was worth USD 8.96 billion in 2014 and is expected to reach approximately USD 17.99 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.05% during the forecast period. Clinical trial supply and logistic is an administration that provides clinical supplies that are required for to clinical investigations of medical devices or drugs as per convention and applicable regulatory prerequisites. This procedure includes oversight of the packaging, labeling, planning, forecasting, distribution, sourcing, and clinical supplies for government and commercial sponsors whose reviews are in stage 1-4 clinical trials. Clinical trial suppliers incorporate with numerous outsider merchants and specialists to check whether contemplate drugs accessible are in adequate amount and quality at different phases of clinical distribution. This administration, based on drug supply, offers full traceability from production to dispensation and demolition, which thusly lessens risks, for example, lapse or out of stock of products.
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Clinical Trial Supply And Logistics Market Drivers and Restraints
The developing administrative concerns with respect to the conduction of a clinical trial are altogether driving the clinical trial and logistic market. In addition, the advancement of new drug and medicinal devices are likewise expanding which is further supplementing the development of the market. At the same time, the expanding accentuation by the makers towards limiting overage and averting shortage, upgrading packaging and production, and adjusting shipment and supply costs are expanding the interest for productive solutions for clinical trial supply and logistics.
Clinical Trial Supply And Logistics Market Segmentation
The Clinical Trial Supply and Logistics Market is segmented on the basis of service and end user. Based on service the market is segmented into Packaging and Labeling, Manufacturing, and Distribution. On the basis of end user the market is segmented into Medical Devices, Pharmaceutical and Biologics out of which the Biologics segment is anticipated to encounter steady development, owing to developing research activities such as development of nanoparticle-based drug delivery systems in the stream of genetics and biotechnology.
Clinical Trial Supply And Logistics Market: Regional Outlook and Trend Analysis
Geographically, North America is anticipated to hold a prevailing position in this market, attributable to the selection of mechanically propelled products, well-developed administrative offices, and existence of significant Contract Research Organizations (CRO’s) and biopharmaceutical organization’s centers. Additionally, factors, for example, enhanced healthcare facilities and improved reimbursement situation are likewise driving development of clinical trial supply and logistics market in this district. The number of new merchants attempting to enter the healthcare industry is anticipated to increase over the estimate time frame in the region.
Clinical Trial Supply And Logistics Market: Competitive Insights
The leading players in the market are Almac, PAREXEL, Catalent, Biocair, PCI Pharma Distribution, KLIFO A/S, Movianto, Marken, Patheon and Sharp Packaging Distribution. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Table of Contents:
1.1. Report Description
- Executive Summary
2.1. Key Highlights
- Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
- Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
…CONTINUED FOR TOC
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