Clinical Trial Supply and Logistic for Pharmaceutical Industry Market- Trends, Price, Share and Grow
Posted: Nov 29, 2018
Our latest research report entitled Clinical Trial Supply and Logistic for Pharmaceutical Industry Market (by sector (clinical trial manufacturing services, clinical trial logistics, distributions services, clinical trial supply chain management)) provides complete and deep insights into the market dynamics and growth of Clinical Trial Supply and Logistic for Pharmaceutical Industry. Latest information on market risks, industry chain structure Clinical Trial Supply and Logistic for Pharmaceutical Industry cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Clinical Trial Supply and Logistic for Pharmaceutical Industry growth factors.
The forecast Clinical Trial Supply and Logistic for Pharmaceutical Industry Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Clinical Trial Supply and Logistic for Pharmaceutical Industry on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global Clinical Trial Supply and Logistic for Pharmaceutical Industry Market is projected to grow at a CAGR of 7.16% over the forecast period of 2018-2024.In 2016, it was worth USD 15.1 billion and it is anticipated to reach USD 26.2 billion by 2024.
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Pharmaceutical service organizations offer varieties of services to drug developers or other clinical trial sponsors (such as contract research organizations, healthcare providers) that consist of crucial part of clinical trial supply chain. From the same perspective, Infinium Global Research has figured out three core segments- clinical trial logistics and distribution services, clinical trial manufacturing and packaging services, and supply chain management services.
Rising number of clinical trial operations by pharmaceutical industries will likely to have positive impact on the clinical trial supply and logistics market. According to ClinicalTrials.Gov, the U.S. performs highest number of clinical trial operation per year. In addition, increasing number of contract research organizations (CMO), and healthcare providers, and emergence of contract research organizations are some of the factors driving the growth of the market. On the other hand, long clinical trial approval time, stringent regulatory policy would likely to restrain the growth of the market. Mergers and Acquisitions and R&D investments will enlighten the opportunities for global clinical supply and logistics market to grow in future.
North America accounted for the largest market share in the global market in 2016 and 2017. The growth in the region is mainly driven by increasing number of clinical trials, and presence of top CRO and CMO in North America region. Emerging markets of Asia-Pacific are expected to augment the growth in the global market over the forecast period owing to rapidly growing pharmaceutical industry, emergence of CROs and CMOs in Asia Pacific region.
The clinical trial supply and logistics market is dominated by few big players such as Patheon (part of Thermo Fisher Scientific), Pamplona Capital Management, DHL, World Courier accounting for nearly 70% share in the world market in 2017. Moreover, large players look to acquire other companies to consolidate their market position. The clinical trial supply and, logistics market has experienced nearly 50% incidences of M&A and Joint ventures or collaborations as expansion strategies.
The report on global clinical trial supply and logistic for pharmaceutical industry market cover sector segment. On the basis of sector the global clinical trial supply and logistic for pharmaceutical industry market is categorized into clinical trial manufacturing services, clinical trial logistics and distributions services and clinical trial supply chain management. Furthermore, the clinical trial manufacturing service is categorized into clinical trial packaging services and other services. On the other hand, the clinical trial logistics and distribution service is classified into clinical trial cold chain logistics and others.
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