Clinical Trial Supplies Market by Services (Manufacturing, Packaging, Logistics), Phases (I to IV), Type (Small Molecules, Biologics), Therapeutic Areas (Oncology, CVD, Infectious, Immunology), End User (Pharma, Biotech, CROs) & Region - Global Forecast 2

The global clinical trial supplies market in terms of revenue was estimated to be worth $3.6 billion in 2022 and is poised to reach $5.7 billion by 2027, growing at a CAGR of 9.7% from 2023 to 2027. The updated financial information for each listed company is provided in a graphical representation in a single diagram (rather than multiple tables) in the new edition of the report until 2019 or 2022 (depending on availability).

Key players in the Clinical trial supplies market include Thermo Fisher Scientific (US), Marken (US), Catalent, Inc. (US), Eurofins Scientific (France), and PRA Health Sciences (US).

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The number of registered clinical trials has increased significantly in recent years. As of September 18, 2022, there were over 4,28,103 clinical studies registered globally. Clinical trials have grown more complex in recent years and remain vital for the research and development of new drugs and products North America and Europe, traditionally the major hubs for clinical trials, are facing challenges in terms of trial costs and patient pools.

The high cost of clinical trials is a major hindrance to the clinical trial supplies market growth
The high cost of clinical trials is a major challenge to the growth of global market. The rising costs of clinical trials are a great concern. Factors that contributes to the rising costs of clinical trials is the increasing need to collect more clinical data. This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Once a clinical trial has been given the go-ahead, research, and development (R&D) costs is very high.

The Oncology segment accounted for the largest segment in clinical trial supplies market
On the basis of therapeutic area, the market is divided into oncology, cardiovascular diseases, digestive disorders, CNS & mental disorders, immunology, blood disorders, infectious diseases, metabolic disorders, and other therapeutic areas (rare diseases, ENT diseases, Nephrology). In 2021, Oncology is the largest segment in this market. Factors such as high number of research studies on cancer therapeutics and the emerging markets focusing on bringing innovative cancer drugs into the market are driving the market in this segment.

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The pharmaceutical and biotechnology companies segment accounted for the largest share in in clinical trial supplies market
On the basis of end users, the market is segmented into three segments-pharmaceutical & biotechnology companies, contract research organizations (CROs), and medical device companies. In 2021, the pharmaceutical and biotechnology companies accounted for the largest share of this market.

North America was the largest region for global clinical trial supplies market
On the basis of region, the market is divided into North America, Europe, Asia Pacific, Rest of world. In 2021, North America accounted for the largest share of the global market, followed by Europe & Asia Pacific. The globalisation in clinical trials and significant investments in R&D for clinical trials in this region are major factors driving the growth of the North American market.

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This research report categorizes the clinical trial supplies market to forecast revenue and analyze trends in each of the following submarkets

By Services
• Logistics & distribution
• Storage & retention
• Packaging, labeling, and blinding
• Manufacturing
• Comparator sourcing
• Other services (solutions, ancillary supply)

By phase
• Phase 1
• Phase 2
• Phase 3
• Phase 4
• BA/ BE studies

By type
• Small-molecules
• Biologic drugs
• Medical devices

By therapeutic area
• Oncology
• CNS and mental disorders
• Cardiovascular diseases
• Digestive disorders
• Infectious diseases
• Metabolic disorders
• Immunology
• Blood disorders
• Other therapeutic areas (respiratory disorders, dermatological disorders, rare diseases, ENT diseases, Nephrology)

By end user
• Pharmaceutical & Biotechnology companies
• Contract Research Organisations (CROs)
• Medical Devices Companies

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