Clinical Trial Supply and Logistics Market Overall Study Report 2021-2028 | Catalent Pharma Solutions, Inc., Almac Group, Movianto, Patheon, Inc

The Global Clinical Trial Supply and Logistics Market, accounted for US$ 14.95 Bn in 2017 and is expected to witness a CAGR of 7.1% over the forecast period (2018 - 2026).

Several market players are focused on offering smart tools for solving problems to deliver trial-related supplies at multiple locations, reduce costs, identify opportunities, and improve future trials. Management of clinical supply offer other supplies including disposable products, centrifuges, refrigerators, testing, diagnostic, and medical equipment imaging apart from investigational medicinal products. Such aspects are expected to generate lucrative opportunities of growth for manufacturers for developing drugs and medical devices that are technologically advanced with ease.

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Shift within regional distribution of clinical trials by several biopharmaceutical players from regions including Eastern and Central Europe, Latin America, Middle East, and Asia Pacific, for quick and cost-effective patient recruitments is expected propel the global clinical trial supply and logistics market growth over the forecast period. Moreover, Asia Pacific offers larger economic benefits for biopharmaceutical companies, since government of Singapore and China allocate funds for promoting biomedical research within this region.

Moreover, Asia Pacific possess several kinds of different diseases that helps to conduct clinical trials having more notable outcome and results. Zuellig Pharma Holdings Pte. Ltd., in April 2018, entered into the distribution agreement along with Taiho Pharma, in Singapore for its product, TS-ONE OD Tablets that are the first agents of anticancer within the disintegrating tablet forms for patients facing difficulty to swallow the capsules or those having restricted water-intake.

Clinical trial suppliers and logistics indulges on inorganic and organic strategies of growth including acquisitions and mergers, and launching several clinical programs, which in turn, is expected to drive the global clinical trial supply and logistics market growth over the forecast period. For instance, Bionical, global commercial pharmaceutical product supplier, in November, 2016, acquired EMAS Pharma, a global Clinical Research Organisation, for expanding its footprint of clinical service business in the world along with unifying and completing Bionical’s portfolio of patient-centric service.

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Global clinical trial supply and logistics market: Key takeaways

The global clinical trial supply and logistics market is expected to proliferate at a 7.1% CAGR over the forecast period (2018 – 2026), due to rising clinical trials, rising complexities, and increasing number of biosimilar drugs and biologics in trials

Based on service, segment of distribution is expected to exhibit maximum traction over the forecast period, due to the increasing distribution facility and outsourcing storage

Based on service end user, segment of pharmaceutics holds a dominant position, due to rising research activities for the application of oncology therapeutic. However, constant decrease in the R&D pipeline of pharmaceutical drugs is observed, which is substituted through biological drugs, which is projected to impact this segment during the coming eight years.

Major players functioning in the global clinical trial supply and logistics market are Catalent Pharma Solutions, Inc., Movianto, Almac Group, Patheon, Inc., Sharp Packaging Distribution, PCI Pharma Distribution, PAREXEL International Corporation, Biocair, and Marken, KLIFO A/S.

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