Clinical Trial Supply and Logistics Market Size, Share Report, Analysis, Trends, Growth, Forecast, 2021 – 2028

Clinical Trial Supply and Logistics Market

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

Category: Healthcare Report Format : PDF Pages: 160 Report Code: ZMR-6767 Published Date: Oct-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 3.2 Billion USD 5.5 Billion 7.2% 2020

Clinical Trial Supply and Logistics Market

Clinical Trial Supply and Logistics: Industry Perspective

The global Clinical Trial Supply and Logistics Market size accrued earnings worth approximately 3.2 (USD Billion) in 2020 and is predicted to gain revenue of about 5.5 (USD Billion) by 2028, is set to record a CAGR of nearly 7.2% over the period from 2021 to 2028.

The report offers an assessment and analysis of the Clinical Trial Supply and Logistics Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Clinical Trial Supply and Logistics Market: Outlook

Providers of clinical trial supply and logistics services offer equipment & support for clinical trials to research organizations for yielding successful outcomes. In addition to this, the solution providers are also responsible for effectively handling trial sites and interacting with subjects on whom clinical trials are to be performed. Apart from this, the rise in incidences of diseases and the humungous necessity for developing medicines for treating patients will garner lucrative demand for clinical trial supply and logistics solutions.  The launching of new service channels for delivering proficient clinical trial supply and logistics solutions will boost market trends.

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Clinical Trial Supply and Logistics Market: Growth Drivers

The surge in research activities pertaining to drug discovery, cancer monitoring, and organ biopsy activities will embellish the expansion of the clinical trial supply and logistics industry. In addition to this, large-scale funding for drug development activities will enlarge the size of the clinical trial supply and logistics market in the years ahead. Apparently, breakthroughs in the medical sector, namely, in the testing & development of new healthcare methods will pave the way for the growth of the industry in the upcoming timespan.

The need for bringing improvement in quality management of clinical trial supply & logistics operations will not only enhance clinical trial supply & logistics services but will bring more contracts or business for service providers. This, in turn, will contribute notably toward the revenue of the clinical trial supply and logistics market.

Furthermore, many governments are encouraging the performing of clinical tests in an ethical way that will prove beneficial to the human race. This will amplify the scope of market growth in the ensuing years. In addition to this, technological breakthroughs in supply chain activities will not only provide impetus to the growth of the clinical trial supply and logistics business but will bring a huge margin of profits for the industry in the coming years. Nevertheless, huge costs associated with the deployment of equipment for performing quality clinical trials can put brakes on the progress of the clinical trial supply and logistics market in years ahead.

Clinical Trial Supply and Logistics Market: Report Scope

Report Attributes Report Details
Report Name Clinical Trial Supply And Logistics Market Research Report
Market Size in 2020 USD 3.2 Billion
Market Forecast in 2028 USD 5.5 Billion
Growth Rate CAGR of 7.2%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Thermo Fisher Scientific Corporation, Catalent, Inc., Packaging Coordinators, Inc., Almac Group, Parexel International, Marken, Movianto Company, DHL International GmbH, Piramal Pharma Solutions, FedEx Corporation, and UDG Healthcare.
Segments Covered By Service, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Clinical Trial Supply and Logistics Market: Regional Landscape  

North America To Sway Regional Market Growth By 2028

The expansion of the clinical trial supply and logistics market in North America over the assessment period is subject to an increase in clinical tests on individuals performed by pharma & biotech firms based in the sub-continent for introducing new drugs for treating chronic ailments. Reportedly, the U.S. carries out the largest number of clinical tests each year and thus contributes massively toward regional market share. Apparently, there is an immense presence of giant players in the region, thereby driving regional market trends.

Clinical Trial Supply and Logistics Market: Competitive Landscape

Key players holding a strong position in the market and influencing the growth of the clinical trial supply and logistics market are 

  • Thermo Fisher Scientific Corporation
  • Catalent. Inc.
  • Packaging Coordinators. Inc.
  • Almac Group
  • Parexel International
  • Marken
  • Movianto Company
  • DHL International GmbH
  • Piramal Pharma Solutions
  • FedEx Corporation
  • UDG Healthcare.

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

By Service

  • Storage & Retention
  • Logistics & Distribution

By End-User

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 the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surge in research activities pertaining to drug discovery, cancer monitoring, and organ biopsy activities will embellish expansion of clinical trial supply and logistics industry. In addition to this, large-scale funding of drug development activities will enlarge size of clinical trial supply and logistics market in years ahead. Apparently, breakthroughs in medical sector, namely, in testing & development of new healthcare methods will pave way for growth of industry in upcoming timespan. Need for bringing improvement in quality management of clinical trial supply & logistics operations will not only enhance clinical trial supply & logistics services but will bring more contracts or business for service providers. This, in turn, will contribute notably towards revenue of clinical trial supply and logistics market.

Furthermore, many governments are encouraging performing of clinical tests in ethical way that will prove beneficial to human race. This will amplify scope of market growth in ensuing years. In addition to this, technological breakthroughs in supply chain activities will not only provide impetus to growth of clinical trial supply and logistics business, but will bring huge margin of profits for the industry in coming years.

According to Zion market research report, the global Clinical Trial Supply and Logistics Market size accrued earnings worth approximately 3.2 (USD Billion) in 2020 and is predicted to gain revenue of about 5.5 (USD Billion) by 2028, is set to record a CAGR of nearly 7.2% over the period from 2021 to 2028.

North America will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is subject to increase in clinical tests on individuals performed by pharma & biotech firms based in sub-continent for introducing new drugs for treating chronic ailments. Reportedly, the U.S. carries out largest number of clinical tests each year and thus contributes massively towards regional market share. Apparently, there is immense presence of giant players in region, thereby driving regional market trends.

The key market participants include Thermo Fisher Scientific Corporation, Catalent, Inc., Packaging Coordinators, Inc., Almac Group, Parexel International, Marken, Movianto Company, DHL International GmbH, Piramal Pharma Solutions, FedEx Corporation, and UDG Healthcare.

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