Clinical Trial Supplies Market Size & Trends Report, 2024-2032
Clinical Trial Supplies Market Size, Trends, Report 2024-2032

Clinical Trial Supplies Market Share, Size, Trends, Industry Analysis Report, By Service (Manufacturing, Logistics and Distribution, Storage and Retention, Packaging, Others); By Therapeutic Area; By End User; By Region; Segment Forecast, 2024 - 2032

  • Published Date:Feb-2024
  • Pages: 116
  • Format: PDF
  • Report ID: PM4510
  • Base Year: 2023
  • Historical Data: 2019 – 2022

Report Outlook

  • Clinical Trial Supplies Market size was valued at USD 2.64 billion in 2023.
  • The market is anticipated to grow from USD 2.81 billion in 2024 to USD 4.68 billion by 2032, exhibiting the CAGR of 6.6% during the forecast period.

Market Introduction

The clinical trial supplies market is witnessing substantial growth driven by the globalization of clinical trials. Pharmaceutical and biotechnology firms are increasingly conducting trials on a global scale, resulting in a heightened demand for clinical trial supplies. As trials expand to diverse geographic regions, there is a growing need for efficient supply chains encompassing investigational drugs and packaging materials. This trend, fueled by the search for diverse patient populations and compliance with varied regulatory requirements, positions the clinical trial supplies market strategically to facilitate seamless trial execution on a global scale.

In addition, companies operating in the market are acquiring other players to expand their market reach and strengthen market presence.

  • For instance, in August 2022, Marken finalized a deal to purchase the medical courier division of Cedra Express. This acquisition is set to enhance Marken's standing as the favored collaborator for cutting-edge clinical trial, as well as cell and gene supply chain logistics solutions across the biopharmaceutical and healthcare sectors in New Zealand.

Clinical Trial Supplies Market Size

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With the rise in chronic conditions, there's a growing demand for innovative therapies, leading to a surge in clinical trials. This heightened focus on addressing chronic diseases amplifies the need for diverse clinical trial supplies, including investigational drugs and specialized packaging materials. These supplies are pivotal for testing and validating novel treatments, ensuring the seamless execution of clinical trials. The market's growth is closely tied to the urgent search for effective solutions across various chronic diseases, making it a crucial facilitator for breakthroughs in medical research and advancements in treatment modalities.

The research study provides a comprehensive analysis of the industry, assessing the market on the basis of various segments and sub-segments. It sheds light on the competitive landscape and introduces Clinical Trial Supplies Market key players from the perspective of market share, concentration ratio, etc. The study is a vital resource for understanding the growth drivers, opportunities, and challenges in the industry.

Market Trends

Industry Growth Drivers

Increasing number of clinical trials is projected to spur the product demand

The clinical trial supplies market is experiencing significant growth, propelled by a surge in global clinical trials. The expanding pharmaceutical and biotechnology sectors, coupled with increased research and development activities, are driving demand for essential clinical trial supplies. These supplies, encompassing investigational drugs, packaging materials, and ancillary products, play a crucial role in the successful conduct of clinical trials. The rise in clinical trials is fueled by a deeper understanding of complex diseases and a regulatory environment conducive to drug development. The clinical trial supplies market is positioned to meet the escalating demand, supporting advancements in medical research and facilitating the development of innovative therapies and personalized medicine.

Rise in drug development activities is expected to drive clinical trial supplies market growth

The clinical trial supplies market is on the rise, driven by the increased focus on drug development activities globally. Pharmaceutical and biotechnology sectors are intensifying efforts to bring innovative therapies to market, resulting in a heightened demand for diverse clinical trial supplies. These include investigational drugs and packaging materials crucial for the seamless execution of drug development initiatives. Advances in therapeutic modalities and precision medicine, along with breakthroughs in genomics, are contributing to a growing need for specialized clinical trial materials. Positioned to support the evolving pharmaceutical research landscape, the market is crucial in accelerating the drug development pipeline and fostering innovation for improved patient outcomes.

Industry Challenges

Logistical challenges are likely to impede the market growth

The clinical trial supplies market encounters significant challenges primarily due to logistical complexities. Global trials, spanning diverse locations, present hurdles in maintaining a seamless supply chain. Stringent regulations, varying import/export procedures, and the need for temperature-sensitive transportation compound the issues. Customs delays, transportation disruptions, and complex regulatory compliance procedures can impact timely supply delivery, potentially jeopardizing trial timelines. Specialized packaging requirements further add to logistical intricacies.

Report Segmentation

The clinical trial supplies market analysis is primarily segmented based on service, therapeutic area, end user, and region.

By Service

By Therapeutic Area

By End User

By Region

  • Manufacturing
  • Logistics and Distribution
  • Storage and Retention
  • Packaging
  • Others
  • Cardiology
  • Oncology
  • Metabolic Disorders
  • Neurology
  • Infectious Disease
  • Others
  • Medical Device Companies
  • Contract Research Organizations
  • Pharmaceutical and Biotech Companies
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

To Understand the Scope of this Report: Speak to Analyst

By Service Analysis

Logistics and distribution segment held significant market revenue share in 2023

The logistics and distribution segment held significant market revenue share in 2023. In the clinical trial supplies market, logistics and distribution services are integral for the timely and efficient delivery of crucial materials to diverse trial sites. Covering the entire supply chain, these services navigate regulatory complexities, customs procedures, and transportation challenges, especially in trials spanning multiple locations.

Distribution services focus on secure and precise delivery of investigational drugs, packaging materials, and other trial-related items, utilizing advanced tracking and temperature-sensitive handling. Providers of logistics and distribution services in this market are essential for maintaining material integrity, optimizing supply chain efficiency, and ensuring compliance with regulatory standards, contributing significantly to the success and integrity of clinical trials.

By Therapeutic Area Analysis

Oncology segment held significant market revenue share in 2023

The oncology segment held significant market revenue share in 2023. Clinical trial supplies for oncology are pivotal in advancing cancer research and developing innovative treatments. These supplies, tailored for oncology trials, include investigational drugs, specialized packaging, and equipment for administering and monitoring cancer therapies. Due to the sensitive nature of oncology trials, precise handling, often requiring temperature-controlled storage and transportation, is crucial. The unique characteristics of these trials, such as personalized medicine and targeted therapies, emphasize the importance of specialized supplies. They must adhere to strict regulatory standards, ensuring the integrity of investigational drugs. In the dynamic field of oncology, clinical trial supplies play a crucial role in supporting advancements that contribute to enhanced cancer treatments and patient outcomes.

By End User Analysis

Pharmaceutical and biotech companies segment held significant market revenue share in 2023

The pharmaceutical and biotech companies segment held significant revenue share in 2023. Clinical trial supplies cater to the distinct needs of pharmaceutical and biotech companies engaged in the research and development of novel drugs and therapies. These supplies, which include investigational drugs, packaging solutions, labeling, and distribution logistics, are tailored for each clinical trial, adhering to stringent regulatory standards to ensure the trial's safety and integrity. Precision in the packaging and delivery of investigational drugs is crucial for pharmaceutical and biotech companies, and these supplies are pivotal in meeting the diverse requirements of clinical trials at different stages. Effective management of clinical trial supplies is integral to the success of drug development programs, ensuring compliance, data accuracy, and patient safety throughout the entire trial process.

Regional Insights

Asia-Pacific region expected to experience significant growth during the forecast period

Asia-Pacific is expected to experience significant growth during the forecast period. Asia, particularly in countries like China, India, and South Korea, experiences a rapid surge in clinical research activities. The region's vast and diverse patient populations, coupled with cost-effective research environments, attract pharmaceutical and biotech companies. This surge propels a heightened demand for specialized clinical trial supplies tailored to the unique needs of the Asian clinical research landscape.

North America region accounted for significant market share in 2023. The clinical trial supplies market in North America thrives on a dynamic landscape defined by innovation, robust biopharmaceutical growth, and stringent regulatory adherence. Renowned for pioneering research institutions and a burgeoning biotech sector, the region witnesses a heightened demand for diverse clinical trial supplies. Its leadership in global clinical trials, coupled with a proactive adoption of cutting-edge technologies and patient-centric approaches, further amplifies the market's significance.

Key Market Players & Competitive Insights

The clinical trial supplies market involves a diverse array of participants, and the expected entry of numerous new players is poised to intensify competition. Established market frontrunners consistently enhance their technologies to maintain a competitive advantage, emphasizing efficiency, dependability, and safety. These entities prioritize strategic endeavors, including forging partnerships, improving product offerings, and participating in collaborative ventures, all aimed at outperforming their counterparts in the industry. Their goal is to secure a substantial clinical trial supplies market sales.

Some of the major players operating in the global clinical trial supplies market include:

  • Almac Group
  • Ancillare, LP
  • Biocair
  • Catalent Pharma Solutions
  • Clinigen
  • Famar Health Care Services
  • Inceptua Group
  • Intertek Group plc
  • KLIFO
  • Marken
  • Movianto
  • PAREXEL International Corporation
  • PCI Pharma Services
  • Sharp Packaging Services
  • Thermo Fisher Scientific Inc.

Recent Developments

  • In March 2023, Calyx introduced Calyx Supply Simulation, a service for forecasting clinical trial supplies, accessible through Calyx's internal team of statistical design experts and consultants specializing in trial supplies.
  • In February 2023, Catalent declared the conclusion of an expansion project for its clinical supply facility in Singapore.

Market Growth & Report Coverage

The clinical trial supplies market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.

The report provides detailed market analysis while focusing on various key aspects such as competitive analysis, services, therapeutic areas, end users, and their futuristic growth opportunities.

Clinical Trial Supplies Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 2.81 billion

Revenue forecast in 2032

USD 4.68 billion

CAGR

6.6% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

  • By Service
  • By Therapeutic Area
  • By End User
  • By Region

Regional scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Clinical Trial Supplies Market Share Analysis (2023)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

Uncover the dynamics of the Clinical Trial Supplies sector in 2024 with detailed statistics on market share, size, and revenue growth rate meticulously curated by Polaris Market Research Industry Reports. This all-encompassing analysis extends to a forward-looking market forecast until 2032, complemented by a perceptive historical overview. Immerse yourself in the profound insights offered by this industry analysis through a complimentary PDF download of the sample report.

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FAQ's

The Clinical Trial Supplies Market report covering key segments are service, therapeutic area, end user, and region.

Clinical Trial Supplies Market Size Worth $4.68 Billion By 2032

Clinical Trial Supplies Market exhibiting the CAGR of 6.6% during the forecast period.

Asia-Pacific is leading the global market

key driving factors in Clinical Trial Supplies Market are Increasing number of clinical trials is projected to spur the product demand