Fort Collins, Colorado, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the Clinical Trials Supply & Logistics Market size was valued at USD 3.7 Billion in 2022 and is expected to reach USD 7.4 Billion by 2032 at a CAGR of 7.2%.
Clinical trials supply and logistics refer to the planning, management, procurement, storage, distribution, and transportation of drugs, medical devices, and other components for industries. The market has grown due to increased clinical trials, biosimilar drugs, biologics, and temperature-sensitive medications.
The market for clinical trials & supplies has grown due to the increased cases of chronic diseases like F HIV, epilepsy, and cancer. There is a greater focus on determining drug toxicity during discovery, leading to the growth of various clinical trials and supplies. Stronger drugs are needed to cure newer variants of chronic diseases, increasing clinical trials. Additionally, the market has developed due to the rise of drug discovery outsourcing services and funding from governments and private players worldwide.
Parexel, a global CRO, opened a new clinical trial supplies and logistics depot in China. The facility provides global biopharmaceutical customers operating clinical trials in the region with timely access to supplies and investigational treatments for allotment to clinical sites and patients worldwide.
Request Sample Report:
https://datahorizzonresearch.com/request-sample-pdf/clinical-trials-supply-and-logistics-market-2453
Segmentation Overview:
The global clinical trials supply & logistics market has been segmented into phase, services, and therapeutic areas, end-user and region. The Phase III segment dominates due to the complexity of the trials and R&D activities in biotech spaces and the rise in patients. The oncology segment dominates due to the increase in cancer cases worldwide and the need for appropriate distribution of temperature-sensitive drugs.
Buy This Research Report:
https://datahorizzonresearch.com/checkout-page/clinical-trials-supply-and-logistics-market-2453
Clinical Trials Supply & Logistics Market Report Highlights:
- The global clinical trials supply & logistics market growth is anticipated at a CAGR of 7.2% by 2032.
- Digital technologies have revolutionized clinical trials supply & logistics market management for biopharmaceutical companies, leading to improved patient experience, clinical trial productivity, and data quality.
- North America leads due to advanced medical and infrastructure availability, high investments, and favorable regulatory policies.
- Some prominent players in the clinical trials supply & logistics market report include Thermos Fischer Scientific, Inc., Sharp Packaging Services, Catalent Pharma Solutions, Piramal Pharma Solutions, UDG Healthcare, PAREXEL International Corporation, Almac Group Ltd., Movianto GmbH, Patheon, Inc., Biocair International Ltd., PCI Services and Others.
Industry Trends and Insights:
- Aldena Therapeutics has selected PCI Pharma Services to develop, package, and distribute an injectable siRNA-based investigational treatment for inflammatory skin conditions.
- Thermo Fisher Scientific partnered with Boehringer Ingelheim to develop CDx tests for identifying non-small cell lung cancer patients with specific genomic mutations.
Looking Exclusively For Region/Country Specific Report?
OR
Ask For Discount
https://datahorizzonresearch.com/ask-for-discount/clinical-trials-supply-and-logistics-market-2453
Clinical Trials Supply & Logistics Market Segmentation:
- By Phase: Phase I, Phase II, Phase III, Phase IV
- By Services: Logistics & Distribution, Storage & Retention, Supply Chain Management, Packaging
- By Therapeutic Areas: Oncology, CNS & Mental Disorders, Cardiovascular
- By End-user: Pharma, Biological, CROs, Medical Devices
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
Contact:
Mail: sales@datahorizzonresearch.com
Ph: +1-970-672-0390
Website: https://datahorizzonresearch.com/
Follow Us: LinkedIn
Recent Publications
Forklift Market 2023 to 2032
Logistics Market 2023 to 2032
4PL Logistics Market 2023 to 2032
Advanced Battery Market 2023 to 2032
Automotive Lighting Market 2023 to 2032
