The Global Clinical
Trial Supply and Logistics Market, By Service (Manufacturing, Packaging and
Labeling, and Distribution), By End User (Pharmaceutical, Medical Devices, and
Biologics) was valued at US$ 14.95 Bn in 2017 and is projected to exhibit a
CAGR of 7.1% over the forecast period (2018 - 2026), as highlighted in a new
report published by Coherent Market Insights.
Various clinical trial supply and
logistics management companies are indulged in offering smart tools to solve
problems in delivering trial-related supplies to multiple locations, identify
opportunities, reduce costs, and enhance future trials. Clinical supply
management provides other supplies such as disposable products, refrigerators,
centrifuges, and diagnostic, testing, and imaging medical equipment apart from
the investigational medicinal products. These factors are expected to create
lucrative opportunities for the manufacturers to develop drugs or
technologically advanced medical devices with ease.
The shift in geographical
distribution of clinical trials by various biopharmaceutical companies from
regions such as Central and Eastern Europe, Asia Pacific, Latin America, and
Middle East for cost-effective and quick patient recruitment is expected drive
growth of the clinical trial supply and logistics market. Furthermore, Asia
Pacific region provides greater economic benefits to biopharmaceutical
companies, as government in China and Singapore allocate funds to promote
biomedical research in the region.
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Also, Asia Pacific possess
various kind of different diseases, which helps in conducting clinical trials
with more significant results and outcome. In April 2018, Zuellig Pharma
Holdings Pte. Ltd. entered into a distribution agreement with Taiho Pharma,
Singapore for their product, TS-ONE OD Tablet, which is the first anticancer
agent in the form of disintegrating tablet for the patients who are facing
difficulty in swallowing capsules or whose water intake is restricted.
Browse 25 Market Data Tables and
44 Figures spread through 173 Pages and in-depth TOC on "Clinical Trial
Supply and Logistics Market, By Service (Manufacturing, Packaging and Labeling,
and Distribution), By End User (Pharmaceutical, Medical Devices, and Biologics)
- Global Forecast to 2026"
Clinical trial suppliers and
logistics focuses on organic and inorganic growth strategies such as mergers
and acquisitions, and launch of various clinical programs, which in turn is
expected to augment growth of the market during the forecast period. For
instance, in November, 2016, Bionical, global supplier of commercial
pharmaceutical products, acquired a global Clinical Research Organisation named
EMAS Pharma to expand its clinical service business footprint globally and to
unify and complete Bionical’s patient-centric service portfolio.
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/clinical-trial-supply-and-logistics-market-1798
Key takeaways of the clinical trial
supply and logistics market:
The global clinical trial supply
and logistics market is expected to expand at a CAGR of 7.1% during the
forecast period (2018 – 2026), owing to increasing number of clinical trials,
increasing complexities, and rising number of biologics and biosimilar drugs in
trials
On the basis of service,
distribution segment is expected to show maximum traction during the forecast
period, owing to the rising outsourcing storage and distribution facility
On the basis of end user,
pharmaceutical segment holds largest market share, owing to increasing research
activities for oncology therapeutic application. However, steady decrease in
R&D pipeline for pharmaceutical drugs has been observed and it is being
substituted by biological drugs, which is expected to impact the segment over
the next eight years.
Some of the major players
operating in the global clinical trial supply and logistics market include
Catalent Pharma Solutions, Inc., Almac Group, Movianto, Patheon, Inc., PCI
Pharma Distribution, Sharp Packaging Distribution, PAREXEL International
Corporation, Marken, KLIFO A/S, and Biocair
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report: https://www.coherentmarketinsights.com/insight/buy-now/1798
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