Authored By: Sarah
12 Jul 2021

Clinical Trial Supplies Market Size to Grow by $ 881.86 mn During 2021-2025

Technavio has been monitoring the clinical trial supplies market and it is expected to grow by $ 881.86 mn, accelerating at a CAGR of almost 8.07% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Clinical Trial Supplies Market: North America to lead market growth during the forecast period

  • North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The government initiatives on clinical research have been identified as one of the chief factors that will drive the clinical trial supplies market growth in North America over the forecast period. 
  • Growth of biopharmaceutical industry will be a significant factor in driving the growth of the clinical trial supplies market.
  • Factors such as the high cost of clinical trials have been identified as market challenges that limit the growth of market vendors.

Clinical Trial Supplies Market to Post Incremental Growth of $ 881.86 mn During 2021-2025 | Key Geographies that will Drive Growth

Clinical Trial Supplies Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Almac Group Ltd., Catalent Inc., CEVA Logistics AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kerry Logistics Network Ltd., Parexel International Corp., Thermo Fisher Scientific Inc., and United Parcel Service Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Clinical Trial Supplies Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive clinical trial supplies market growth during the next five years
  • Precise estimation of the clinical trial supplies market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the clinical trial supplies market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of clinical trial supplies market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 8.07%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 881.86 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growth of biopharmaceutical industry will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    37% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Almac Group Ltd., Catalent Inc., CEVA Logistics AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kerry Logistics Network Ltd., Parexel International Corp., Thermo Fisher Scientific Inc., and United Parcel Service Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Pharmaceutical industry, Biologics industry, and Medical device industry) and Geography (North America, Europe, Asia, and ROW)
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