Clinical Trial Supply and Logistics for Pharmaceutical Industry Market

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Clinical Trial Supply and Logistics for Pharmaceutical Industry Market (Sector - Clinical Trial Manufacturing Services, Clinical Trial Logistics and Distributions, and Clinical Trial Supply Chain Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : HC08677

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on clinical trial supply and logistics for pharmaceutical industry market provides an in-depth analysis of segments and sub-segments in the global as well as regional clinical trial supply and logistics for pharmaceutical industry market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional clinical trial supply and logistics for pharmaceutical industry market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global clinical trial supply and logistics for pharmaceutical industry market. According to the report, the global clinical trial supply and logistics for pharmaceutical industry market was nearly sized USD 20 billion in 2020 and is expected to reach over USD 30 billion by 2026, growing with a CAGR of 7% over the forecast period of 2020-2026.

 

Market Insight

Clinical trial supply and logistics involve mainly providing packaging services, transportation, and other logistical services such as cold storage. Mass production of any device, drugs, or mass implementation of treatments depends upon the results of these trials. These trials are carried out by academics, government institutions, and pharmaceutical companies. The margin of error is very less in this market therefore highest standards of preciseness and safety are maintained by the players in the market. The long-term prevalence of diseases such as cancer, diabetes, Aids has compelled pharmaceutical companies to develop new drugs and medications that are more effective. Thus, the clinical trials of some developments are also taking place. Therefore this is leading to increasing in the demand in the market.

 

Pharmaceutical companies are highly investing in the development of drugs. They are also enhancing their capacity to carry out clinical trials. This thing is majorly driving the market. The other thing that is driving the market is increased research studies by academic institutions, government agencies. Some of these research studies are based upon clinical trials. Thus these things are also increasing the demand in the market. The number of new entrants in the market is also high. The only thing that is restraining the market is the stringent regulatory policy in the market. New opportunities are set to arise in the market as the companies are investing in research and development activities. The companies are planning to augment their service-providing capabilities.

 

COVID-19 pandemic acted as a major booster for the market. COVID-19 vaccine was developed in a record time of just one year. There are numerous vaccinations that are undergoing clinical trials around the world. The clinical trials of these vaccines needed to be safe yet fast. The demand for clinical trial supplies and logistics skyrocketed. Not just vaccines also the clinical trials of testing kits for Covid-19 were carried out on a fast and large scale. The market for clinical trial supply and logistics market is currently experiencing a boom. Government and vaccine manufacturers partnered with the providers and suppliers in the market.

 

North America is expected to be the dominant region in the market. Asia-Pacific is expected to grow at the fastest rate in the market. The North America region is home to some of the largest pharmaceutical companies such Pfizer, Inc., Johnson and Johnson, F. Hoffmann-La Roche Ltd, and various others. Thus the frequency of clinical trials is high for various medical devices, products, vaccines, drugs, and medicines. The number of contract research organizations is also increasing in the region. The pharmaceutical base in the Asia-Pacific region is also increasing at a fast rate. Therefore the demand is high in the region.

 

Segment Covered

The report on global clinical trial supply and logistics for pharmaceutical industry market covers segments such as sector. On the basis of sector, the sub-markets include clinical trial manufacturing services, clinical trial logistics and distributions, and clinical trial supply chain management.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Deutsche Post DHL Group, World Courier, Marken, The Almac Group, FedEx, Pamplona Capital Management, Movianto, Catalent, Inc, Patheon, and Fisher Clinical Services, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of clinical trial supply and logistics for pharmaceutical industry market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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