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Clinical Trial Supply And Logistics Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Clinical Trial Supply And Logistics Market
The Business Research Company's Clinical Trial Supply And Logistics Global Market Report 2023 identifies the increasing number of clinical trials
as the major driver for the clinical trial supply and logistics market's growth in the forecast period. Clinical trials are research studies conducted with human participants to evaluate the safety and effectiveness of new medical treatments, interventions, or diagnostic procedures. Clinical trial supply and logistics are used to supply materials such as the collection and delivery of biological specimens, investigational drugs and kits, expertise and assistance with all permit applications and customs clearance, and others that are needed to conduct a clinical trial smoothly and ensure the successful execution of research studies.
The global clinical trial supply and logistics market is expected to grow from $3.94 billion in 2022 to $4.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The clinical trial supply and logistics market is expected to reach $5.97 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the clinical trial supply and logistics market are United Parcel Service, DHL Group, FedEx Corporation, Thermo Fisher Scientific Inc., IQVIA, ICON plc, Eurofins Scientific, Catalent Inc., Intertek Group plc, Parexel International Corporation, UDG Healthcare PLC., Almac Group, World Courier, Piramal Pharma Solutions, Sharp Clinical Services Ltd., Clinigen Group, PCI Pharma Services, Movianto Group, Cold Chain Technologies, Biocair International Limited, QuickSTAT, Wasdell Group, Klifo A/S, TrakCel, Packaging Coordinators Inc., Biotec Services International Limited, Proventa International, and Inceptua Group.
A key trend in the clinical trial supply and logistics market includes adoption of technology. Major companies operating in the clinical trial supply and logistics market are adopting new technologies to sustain their position in the market. For instance, in May 2021, N-SIDE, a Belgium-based software consulting company in advanced analytics, launched the N-SIDE Production App, which focuses on assisting biopharma companies in managing the challenges and risks associated with manufacturing trial material. The Production App makes use of a powerful optimization algorithm to optimize every choice made in the clinical supply chain and provides assistance in taking critical decisions like lot sizing, stability plan, network, scale-up strategy, and lot-to-lot allocation. It also aids in the reduction of waste, money, and timeliness, as well as the notification of any changes to all stakeholders.
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The clinical trial supply and logistics market is segmented -
• By Service: Logistics And Distribution, Storage And Retention, Packaging Labelling And Blinding, Manufacturing, Comparator Sourcing, Other Services
• By Phase: Phase I, Phase II, Phase III, Phase IV
• By Area: Oncology, Cardiovascular Diseases, Respiratory Diseases, CNS and Mental Disorders, Other Areas
• By End-User: Pharmaceuticals, Biologicals, Medical Device
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the clinical trial supply and logistics market.
The Business Research Company's "Global Clinical Trial Supply And Logistics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Clinical Trial Supply And Logistics Market Include:
1. Executive Summary
2. Clinical Trial Supply And Logistics Market Characteristics
3. Clinical Trial Supply And Logistics Market Trends And Strategies
4. Clinical Trial Supply And Logistics Market - Macro Economic Scenario
5. Global Clinical Trial Supply And Logistics Market Size and Growth
……
32. Global Clinical Trial Supply And Logistics Market Competitive Benchmarking
33. Global Clinical Trial Supply And Logistics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Clinical Trial Supply And Logistics Market
35. Clinical Trial Supply And Logistics Market Future Outlook and Potential Analysis
36. Appendix
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