The globalclinical trial supplies marketsize is expected to reach USD 3.40 billion by 2030, registering a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing volume of clinical trial studies coupled with the growing complexity of conducting these trials. The COVID-19 pandemic has created opportunities for local manufacturers. To enhance their foothold in the market, key companies are adopting various plans and policies to gain a higher market share. Theclinical trialand pharmaceutical industry is anticipated to witness steady growth, which, in turn, will increase the demand for clinical trial supplies, thereby driving the market growth.
Canada and the U.S. are home to the majority of clinical trials. No language barrier is one of the major factors for the preference of this region for the majority of clinical trials, as the English language is widely spoken in this region. Major CROs and biopharmaceutical companies have their hub in this region, and with advancements in technology, the demand for efficient supplies is increasing and the region is expected to dominate the clinical trial supplies market over the forecast period.
The outbreak of COVID-19 has presented one major challenge, that is, the supply chain vertical of every company is facing limited movement across borders, with national export bans. Thus, companies are adopting various strategies to supply their products to the required destination. The shift toward Direct-to-Patient (DTP) deliveries may overcome the crisis to some extent. The FDA & EMA and regulatory bodies of China, Singapore, & Korea are focusing on DTP deliveries, as an alternative distribution method for investigational product supplies. DTP deliveries have ensured patient adherence and increased participation in clinical trials. For instance, in April 2020, Marken witnessed an increase in onboarded DTP trials in comparison with previous weeks.
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Based on the clinical phase, the market was dominated by the phase III segment in 2021 with a revenue share of over 52.0%, owing to the presence of a large number of molecules being under phase III clinical trials
Based on services, the storage and distribution segment is anticipated to witness the fastest CAGR of over 6.7% from 2022 to 2030. The rise in globalbiologicspipeline and temperature-sensitive drugs are expected to increase the complexities related to logistics of clinical trial supplies
The Biologics segment is expected to register the fastest CAGR owing to increasing research in the field of genetics and biotechnology, such as the development of nanoparticle-based drug delivery systems
In terms of therapeutic use or clinical indication, the oncology segment dominated the market with a revenue share of over 38.0%in 2021. According to the United Press International, hospitals in the U.S. are disposing of millions of cancer drug vials due to improper dosage, which is indicative of the need for appropriate supply management
Grand View Research has segmented the global clinical trial supplies market based on clinical phase, service, end use, therapeutic use, and region:
Clinical Trial Supplies clinical Phase Outlook (Revenue, USD Million, 2017 - 2030)
Phase I
Phase II
Phase III
Others
Clinical Trial Supplies Services Outlook (Revenue, USD Million, 2017 - 2030)
Manufacturing
Storage & Distribution
Cold Chain Distribution
Non-cold Chain
Supply Chain Management
Comparator Sourcing
Clinical Trial Supplies End-use Outlook (Revenue, USD Million, 2017 - 2030)
Pharmaceutical
Biologics
Medical Device
Others
Clinical Trial Supplies Therapeutic Use Outlook (Revenue, USD Million; 2017 - 2030)
Oncology
CNS
Cardiovascular
Infectious Disease
Metabolic Disorders
Dermatology
Ophthalmology
Respiratory Diseases
Others
Clinical Trial Supplies Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Netherlands
Belgium
Switzerland
Russia
Asia Pacific
China
Japan
India
Australia
South; Korea
Malaysia
Indonesia
Singapore
Philippines
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players in the Clinical Trial Supplies Market
Almac Group Ltd.
Biocair International Ltd.
Catalent Pharma Solutions
KLIFO A/S
MOVIANTO (WALDEN GROUP)
PCI Pharma Services
Sharp Packaging Services
Thermo Fischer Scientific, Inc.
Marken
PAREXEL International Corporation
Patheon, Inc.
Piramal Pharma Solutions
UDG Healthcare
EUROFINS
PRA Health Sciences
Liveo Research
Other players present in the market
Clinigen Group plc
Merck Serono
Chimerix
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