Clinical Trial Supply and Logistics Market Revenue To Witness High Upsurge With USD 5.5 Bn Earnings By 2028

21-Oct-2021 | Zion Market Research

As per the findings of Zion Market Research study, Clinical Trial Supply and Logistics industry garnered revenue worth US$ 3.2 Billion in 2020 and is slated to earn proceeds of approximately US$ 5.5 Billion by 2028. Moreover, Clinical Trial Supply and Logistics market is set to record highest gains of nearly 7.2% in 2021-2028. In addition to this, increase in rate of clinical tests across globe and promotion of these trials by pharma & bio-pharma firms will promulgate expansion of clinical trial supply and logistics market. Improvements in supply chain management activities are predicted to steer growth of clinical trial supply and logistics industry in years ahead. COIVD-19 pandemic has resulted into massive increase in clinical trials, thereby helping clinical trial supply and logistics market explore new domains of growth. Moreover, direct-to-patient approaches are utilized for effectively managing logistical constraints of remote clinical trials. This will proliferate size of clinical trial supply and logistics industry. Drug manufacturers depend on third-party vendors for supply of raw materials & logistics for clinical trials. This, in turn, will culminate into humungous growth of clinical trial supply and logistics market. Rise in outsourcing of clinical trial supply & logistics materials will further boost business trends.

Logistics & Distribution Segment To Dominate Service Landscape By 2028

Segmental growth over assessment period can be attributed to a massive increase in clinical tests carried out in medical labs across globe. Apart from this, a prominent rise in clinical trials that also involve temperature sensitive items will further contribute majorly towards expansion of segment. Additionally, highly regulated industry structure will drive segmental growth over years to come.

Pharmaceutical Segment To Make Notable Contributions Towards Market Size By 2028

Expansion of pharmaceutical segment over forecast timeframe is ascribed to a massive surge in proportion of clinical studies by pharma firms. Moreover, rise in investment made by pharma companies on equipment and raw materials for performing clinical trials will drive market trends. A large number of pharma firms & contract research organizations have entered into partnerships for carrying out clinical trials on COVID patients to find new medicines for treating the ailment. This has further facilitated growth of market.

Global Clinical Trial Supply And Logistics Market

North American Market To Register Highest Profit Margins By 2028

Regional market growth over forecasting timeline can be credited to a rampant increment in number of clinical trials each year in countries such as the U.S. In addition to this, large-scale presence of giant players in the region will further account for major growth of clinical trial supply and logistics market in North America in forthcoming years.

Key players influencing market growth and profiled in study include Movianto Company, Piramal Pharma Solutions, Thermo Fisher Scientific Corporation, FedEx Corporation, Catalent, Inc., Packaging Coordinators, Inc., Almac Group, Parexel International, DHL International GmbH, Marken, and UDG Healthcare.

Browse the full Clinical Trial Supply And Logistics Market - By Service (Logistics & Distribution And Storage & Retention), By End-User (Pharmaceutical And Biologics), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/clinical-trial-supply-logistics-market

The global Clinical Trial Supply and Logistics Market is segmented as follows:

By Service

  • Storage & Retention
  • Logistics & Distribution

By End-User

  • Pharmaceutical
  • Biologics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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