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Top Factor Driving Clinical Trial Equipment And Ancillary Solutions Market Growth in 2025: The Rising Prevalence Of Chronic Diseases Driving Growth In The Clinical Trial Equipment And Ancillary Solutions Market
Clinical Trial Equipment And Ancillary Solutions
The continuous rise in chronic diseases is anticipated to boost the growth of the market for clinical trial equipment and ancillary solutions. A chronic disease is a long-term condition often requiring continual medical care and it can hinder daily activities or life quality. The increasing occurrence of these diseases is linked to factors such as air pollution exposure, chemical toxins, lifestyle transformations, and genetics. The equipment and solutions used in clinical trials are precious assets in refining the results for patients suffering from chronic diseases. They facilitate early diagnosis, tailor-made treatment plans, objective appraisals of treatment effectiveness, safety observation, patient involvement, streamlined trial structure, adherence to regulations, and research teamwork. For example, the US-based National Center for Biotechnology Information (NCBI), a National Library of Medicine, published in January 2023 that it is predicted that by 2050, the population aged 50 and older with at least one chronic disease will explode by 99.5%, escalating from 71.522 million in 2020 to 142.66 million. Thus, the ever-increasing occurrence of chronic diseases fuels the market growth of clinical trial equipment and ancillary solutions.
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What growth opportunities are expected to drive the clinical trial equipment and ancillary solutions market's CAGR through 2034?
The market size of clinical trial equipment and ancillary solutions has seen substantial advancement in recent years. Projected expansion from $2.54 billion in 2024 to $2.78 billion in 2025 represents a compound annual growth rate (CAGR) of 9.3%. The historical growth is primarily associated with factors like the increasing instances of chronic diseases, enhanced expenditure on research, expansion of the pharmaceutical industry, development of the medical sectors, and the rise of patient-centric clinical trials.
In the coming years, the market size for clinical trial equipment and ancillary solutions is predicted to witness a significant expansion. By 2029, it is anticipated to reach an estimated value of $3.92 billion, with the compound annual growth rate (CAGR) pegged at 9.0%. Factors propelling this growth within this time frame include a surge in the number of chronic disease cases, increased research expenditure, the flourishing pharmaceutical and medical sectors, and a rise in patient-centric clinical trials. Key market trends expected during this forecast period include the progression of technology, enhancement in ancillary solutions, evolution of developmental services, and the invention of novel equipment and therapies.
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What are the emerging trends shaping the future of the clinical trial equipment and ancillary solutions market?
Leading firms in the clinical trial equipment and ancillary solutions market are creating integration platforms for clinical trial equipment and ancillary solutions to enhance and streamline workflow efficiency across diverse clinical trial systems and technologies. This integration platform for clinical trial equipment and ancillary solutions serves as a unified hub that connects and incorporates varied tools, technologies, and services utilized in clinical research. The platform enables data and information exchange between different elements in the clinical trial ecosystem, making workflows more efficient, improving productivity, and fostering cooperation among the stakeholders participating in clinical trials. For example, in March 2022, Vibrent Health, an American healthcare company, revealed the creation of an Ancillary Studies Tool Suite as an element of its Digital Health Research Platform. The Ancillary Studies Tool Suite is designed to offer essential integration management tools for smoothly incorporating existing digital applications, sensors, and data gathering platforms into longitudinal cohort research.
Which growth-oriented segments of the clinical trial equipment and ancillary solutions market are leading the industry's development?
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
Subsegments:
1) By Diagnostic Equipment: Imaging Devices, Electrocardiogram (ECG) Machines, Blood Pressure Monitors, Pulse Oximeters
2) By Laboratory Instruments: Centrifuges, Spectrometers, Microscopes, Pipettes And Dispensers
3) By Ancillary Solutions: Clinical Trial Management Software (CTMS), Patient Recruitment Solutions, Data Management Solutions, Temperature Control Systems
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North America was the largest region in the clinical trial equipment and ancillary solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial equipment and ancillary solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the clinical trial equipment and ancillary solutions market?
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.
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What Is Covered In The Clinical Trial Equipment And Ancillary Solutions Global Market Report?
•Market Size Forecast: Examine the clinical trial equipment and ancillary solutions market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the clinical trial equipment and ancillary solutions market for a structured understanding.
•Key Players Overview: Analyze major players in the clinical trial equipment and ancillary solutions market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the clinical trial equipment and ancillary solutions market.
•Segment Contributions: Evaluate how different segments drive overall growth in the clinical trial equipment and ancillary solutions market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the clinical trial equipment and ancillary solutions market.
•Industry Challenges: Identify potential risks and obstacles affecting the clinical trial equipment and ancillary solutions market.
•Competitive Landscape: Review strategic developments in the clinical trial equipment and ancillary solutions market, including expansions, agreements, and new product launches.
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