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Clinical Trial Equipment And Ancillary Solutions Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Agilent Technologies Inc.
Clinical Trial Equipment And Ancillary Solutions Global Market Report 2024
As per the report, the clinical trial equipment and ancillary solutions market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The clinical trial equipment and ancillary solutions market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
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The Rising Prevalence Of Chronic Diseases Driving Growth In The Clinical Trial Equipment And Ancillary Solutions Market
The increasing prevalence of chronic diseases is expected to propel the growth of the clinical trial equipment and ancillary solutions market going forward. Chronic disease is a long-lasting condition that typically requires ongoing medical attention and can limit daily activities or quality of life. The prevalence of chronic diseases is due to exposure to air pollution, chemicals, toxins, lifestyle changes, and genetic factors. Clinical trial equipment and ancillary solutions are invaluable tools for improving outcomes in chronic disease patients by enabling early detection, personalized treatment approaches, objective assessment of treatment efficacy, safety monitoring, patient engagement, optimized trial design, regulatory compliance, and research collaboration. For instance, in January 2024, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency for public health, approximately 20,000 fatalities in Australia were linked to chronic kidney disease, accounting for 12% of the total mortality rate in 2021. Furthermore, in May 2021, according to the National Library of Medicine, a US-based medicine library, the global cancer burden is expected to be 28.4 million cases in 2040, a 47% rise from 2020. Therefore, the increasing prevalence of chronic diseases drives the clinical trial equipment and ancillary solutions market.
Advancements In Integration Management Tools For Clinical Trial Equipment And Ancillary Solutions
Major companies operating in the clinical trial equipment and ancillary solutions market are developing integration platforms for clinical trial equipment and ancillary solutions to streamline and optimize workflow efficiency across various clinical trial systems and technologies. An integration platform for clinical trial equipment and ancillary solutions is a centralized platform to seamlessly connect and integrate various tools, technologies, and services used in clinical research. This platform facilitates the exchange of data and information between different components of the clinical trial ecosystem, streamlining workflows, improving efficiency, and enhancing collaboration among stakeholders involved in the conduct of clinical trials. For instance, in March 2022, Vibrent Health, a US-based healthcare company, announced the development of an Ancillary Studies Tool Suite as part of its Digital Health Research Platform. The Ancillary Studies Tool Suite is designed to provide critical integration management tools for seamlessly embedding existing digital apps, sensors, and data collection platforms into longitudinal cohort research.
The clinical trial equipment and ancillary solutions market covered in this report is segmented -
1) By Type: Diagnostic Equipment, Laboratory Instruments, Ancillary Solutions
2) By Service: Rental And Leasing Services, Supply And Logistics Services, Regulatory Compliance Services, Software Services
3) By End-User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations (CROs), Medical Device Companies, Others End-Users
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Major companies operating in the clinical trial equipment and ancillary solutions market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Agilent Technologies Inc., Iron Mountain Incorporated (IRM), PerkinElmer Inc., Illumina Inc., Sartorius AG, PAREXEL International Corp., Marken, Shimadzu Corporation, Waters Corporation, Bruker Corporation, Eppendorf AG, Tecan Group AG, Mettler Toledo International Inc., Hamilton Company, Repligen Corporation, Labconco Corporation, Ancillare LP, Binder GmbH, Germfree Laboratories Inc., Nuaire Inc., Sheldon Manufacturing Inc., Esco Micro Pte. Ltd.
Contents of the report:
1. Executive Summary
2. Clinical Trial Equipment And Ancillary Solutions Market Report Structure
3. Clinical Trial Equipment And Ancillary Solutions Market Trends And Strategies
4. Clinical Trial Equipment And Ancillary Solutions Market - Macro Economic Scenario
5. Clinical Trial Equipment And Ancillary Solutions Market Size And Growth
…..
27. Clinical Trial Equipment And Ancillary Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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