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Clinical Trial Supply & Logistics Market Size

  • Report ID: GMI6853
  • Published Date: Oct 2023
  • Report Format: PDF

Clinical Trial Supply & Logistics Market Size

Clinical Trial Supply & Logistics Market size was valued at USD 3.7 billion in 2022 and is anticipated to grow with a CAGR of 7.9% by 2032, to reach an estimated value of USD 7.7 billion by 2032. The increasing prevalence of chronic diseases and the growing demand for novel therapies has spurred the number of clinical trials globally. This heightened research activity necessitates a well-organized supply chain to ensure timely and efficient delivery of investigational drugs and medical supplies.

 

Moreover, the globalization of clinical trials, with a growing number of studies conducted in emerging markets, has led to greater demand for specialized logistics services that can navigate complex regulatory environments.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for clinical trial supply & logistics was USD 3.7 billion in 2022 and will register 7.9% CAGR from 2023-2032 due to the increasing prevalence of chronic diseases and the growing demand for novel therapies worldwide.

The logistics & distribution service type segment is expected to witness 7.7% CAGR from 2023-2032 on account of the rising need for efficient and reliable services due to clinical trials becoming increasingly global.

North America held 55.4% share of the industry in 2022 and is expected to witness commendable growth from 2023-2032 owing to the rising commitment to advancing healthcare and pharmaceutical research in the region.

Thermo Fisher Scientific Inc. (Patheon), Catalent, Inc., Parexel, Almac Group, Marken, Piramal Pharma Solutions, UDG Healthcare, and DHL are some of the major clinical trial supply & logistics companies worldwide.

Clinical Trial Supply & Logistics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 279
  • Countries covered: 19
  • Pages: 180
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