The Clinical Trial Supplies Global Market Report 2023, provides comprehensive information on the clinical trial supplies market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global clinical trial supplies market is expected to grow from $2.31 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The clinical trial supplies market is expected to reach $3.43 billion in 2027 at a CAGR of 8%.
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Advancements in real-world evidence platforms are a key trend gaining popularity in the clinical trial supplies market. Major companies operating in the clinical trial supplies market are adopting innovative technologies to transform healthcare decision-making, drug development, and patient care by leveraging real-world data to generate evidence-based insights and sustain their position in the market. For instance, in April 2023, Komodo Health, a US-based healthcare technology company that specializes in services related to patient recruitment, site selection, and real-time data monitoring for clinical trials, launched MapEnhance, a network of specialty data partners integrated into a real-world evidence (RWE) technology platform. MapEnhance empowers customers with a comprehensive and detailed real-world perspective on clinical events and patient populations, enabling unprecedented insight. MapEnhance includes precision molecular diagnostics for various therapeutic areas, high-volume standard laboratory diagnostics for earlier disease visibility, and electronic medical records capturing clinical encounters. It also offers inpatient and outpatient facility chargemasters for detailed cost and utilization insights across different hospital settings.
The clinical trial supplies market is segmented:
1) By Services: Logistics And Distribution, Storage And Retention, Supply Chain Management, Packaging, Labeling, And Blinding, Manufacturing, Comparator Sourcing
2) By Clinical Phases: Phase I, Phase II, Phase III, Phase IV
3) By Therapeutic Use: Oncology, Central Nervous System (CNS), Cardiovascular, Infectious Disease, Metabolic Disorders, Other Therapeutic Uses
4) By End User: Pharmaceutical And Biotech companies, Contract Research Organization (CRO), Medical Device Companies
North America was the largest region in the clinical trial supplies market in 2022.
The table of contents in TBRC’s clinical trial supplies market report includes:
- Executive Summary
- Clinical Trial Supplies Market Characteristics
- Clinical Trial Supplies Market Trends And Strategies
- Clinical Trial Supplies Market – Macro Economic Scenario
- Clinical Trial Supplies Market Segmentation
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- Global Clinical Trial Supplies Market Competitive Benchmarking
- Global Clinical Trial Supplies Market Competitive Dashboard
- Key Mergers And Acquisitions In The Clinical Trial Supplies Market
- Clinical Trial Supplies Market Future Outlook and Potential Analysis
- Appendix
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