The global clinical trial supply and logistics market size is expected to be worth around US$ 12.4 billion by 2030, according to a new report by Vision Research Reports.
The global clinical trial supply and logistics market size was valued at US$ 5.1 billion in 2020 and is anticipated to grow at a CAGR of 9.1% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 12.4 billion by 2030 |
| Growth Rate | CAGR of 9.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Service, Phase, End-user, Therapeutic area |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Thermo Fisher Scientific (U.S.) (Patheon); Catalent, Inc. (U.S.); Parexel (U.S.); Almac Group; Marken; Piramal Pharma Solutions; UDG Healthcare; DHL; FedEx; Movianto; Packaging Coordinators Inc. |
Growth Factors
The market growth is attributed to the increasing R&D expenditure by pharmaceutical and biopharmaceutical firms and the rising number of clinical trials conducted globally. Furthermore, the market is mostly driven by technological advancements in the supply chain. The growing complexity in clinical studies and increased competition among players are factors responsible for the adoption of new technologies in supply chain management.
clinical trials have increased due to the rising demand for the Covid-19 vaccine. According to the WHO, more than 80 vaccines are currently being studied in clinical trials, with over 180 in the pre-clinical stage. There would be a challenge for logistics related to timelines and access to a large population.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Clinical Trial Supply And Logistics are as follows:
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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