Global Clinical Trials Manufacturing and Supply Outsourcing Market Size, Share and Intelligence Report 2027: Catalent, Parexel, Almac, Patheon, Klifo, Movianto, Singota, Symeres, Ardena

Clinical trials are research studies conducted to examine the safety and effectiveness of medical treatments, interventions, or therapies in humans. These trials are essential for advancing medical knowledge and improving patient care. Clinical trial materials and supplies refer to the various products, materials, and equipment used in the process of conducting clinical trials. These trials require a wide range of materials and supplies to ensure the study is conducted accurately, safely, and in compliance with regulatory needs.

An Emerging Landscape of Clinical Trials Supplies: A Multifaceted Perspective

The landscape of the global clinical trial supplies market is shaped by a number of factors that span the technological progress, globalization of clinical trials, and the overall growth of the biopharmaceutical industry. These factors collectively exert a vast influence on the dynamics of the global market. The escalating volume of clinical trial activities, driven by the fast growth of pharmaceutical and biotechnology enterprises, necessitates a growing demand for clinical trial supplies, encompassing investigational drugs, laboratory equipment and devices, and patient recruitment services.

For instance,

In September 2023, Parexel, a leading global clinical research organization (CRO) dedicated to advancing patient health through the development and delivery of innovative therapies, revealed the inauguration of a fresh clinical trial supplies and logistics center in Suzhou, China. This strategically positioned establishment offers both local and international biopharmaceutical clients conducting clinical trials in the area with prompt access to the necessary supplies and investigational treatments for distribution to clinical sites and patients globally.

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The rise in biotechnology has given growth to biopharmaceutical-related clinical trials, creating fresh opportunities in the global market as biotech firms need specialized clinical trial supplies tailored for biologics and cell therapies. Moreover, the advent of patient-centric trials, which focus on enhancing the patient experience and engagement, has engendered the need for innovative supply solutions, including home-based trials, remote monitoring, and direct-to-patient supply deliveries. Additionally, there is a growing emphasis on customization and personalization of clinical trial supplies, particularly for personalized medicine and precision therapies, necessitating bespoke supply solutions aligned with patient profiles. Technological advancements have brought about substantial improvements in the management of clinical trial supply chains through improved logistics, tracking capabilities, and temperature monitoring. Technologies such as RFID, IoT, and blockchain have been harnessed to augment transparency and efficiency.

Clinical Trials Manufacturing and Supply Outsourcing Market: Key to Accelerating Drug Development

The global clinical trials manufacturing and supply outsourcing market refers to the segment of the pharmaceutical and biotechnology industry where companies contract out the production and distribution of investigational drugs and related supplies for clinical trials. This outsourcing helps pharmaceutical companies focus on their core research and development activities while depending on specialized contract manufacturing organizations (CMOs) and supply chain providers for the production and delivery of clinical trial materials.

In December 2020, UPM Pharmaceuticals revealed a collaboration with RedHill Biopharma Ltd., in which UPM will serve as a U.S. contract manufacturing partner for opaganib, an innovative Phase 3-stage drug candidate developed by RedHill for the treatment of COVID-19 pneumonia.

The clinical trials manufacturing and supply outsourcing market has been growing decently due to the growing complexity of clinical trials, stringent regulations, and the demand for a cost-effective and efficient supply chain solutions. Many factors fuels the outsourcing of clinical trials manufacturing and supply, including cost savings, access to specialized expertise, less time-to-market, and the ability to scale production as required. Evolving regulations and the need for compliance with stringent quality standards also triggers the demand for materials and supplies which meet regulatory requirements.

North America Accounts for the Largest Market Share in the Clinical Trials Manufacturing and Supply Outsourcing Market

North America has traditionally been a hub for clinical trials, with USA being a large and a key player in the pharmaceutical and biotechnology industries. This region continues to see a large volume of clinical trials, which propels the demand for manufacturing and supply outsourcing services.

The Asia Pacific region has been witnessing a rapid and a quick growth in the clinical trials manufacturing and supply outsourcing market. Major factors such as a huge patient pool, less operational costs, and improving regulatory environments have contributed to this rapid growth. Countries like China and India have emerged as the key players in the global clinical trials manufacturing and supply outsourcing market.

Competitive Landscape Analysis: Clinical Trials Manufacturing and Supply Outsourcing Market

Some of the key players operating in the global clinical trials manufacturing and supply outsourcing market are Catalent, Parexel, Almac Group Limited, Patheon, Thermo Fischer Scientific, Klifo, Movianto, Eurofins Scientific Clinigen, Spaulding Clinical, Singota, Symeres, and Ardena.

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Aggressive Growth Strategies Adopted by the Key Industry Players to Establish Their Foothold in the Clinical Trials Manufacturing and Supply Outsourcing Market

Leading players operating in this global market are adopting aggressive growth strategies such as capacity expansion, collaborations, partnerships and acquisitions to garner a larger market share.
For instance,

In April 2023, Catalent revealed its initiation of a $20 million expansion endeavour at its clinical supply facility located in Schorndorf, Germany. This undertaking aims to increase the facility's capacity for the storage and management of clinical trial supply materials within a temperature range of 15 to 25 degrees Celsius by adding an additional 3,000 square meters of space. Additionally, it will create a room within the existing structure for the installation of a state-of-the-art, fully automated bottle-filling line and a specialized area dedicated to Catalent's FastChain® demand-driven supply service.

Explore the Related Research Report Repository through the below URLs:

https://meditechinsights.com/clinical-trial-management-system-market/
https://meditechinsights.com/clinical-trial-supplies-market/
https://meditechinsights.com/global-virtual-clinical-trials-market/
https://meditechinsights.com/decentralized-clinical-trials-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.