Unlocking the Future of the Clinical Trial Supply And Logistics Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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What key factors are powering the surge in the clinical trial supply and logistics market right now?
The market size for clinical trial supply and logistics has seen substantial growth in the past few years. The market is projected to expand from $4.72 billion in 2024 to $5.12 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. This growth during the historic period is linked to factors such as the increasing prevalence of chronic illnesses, the globalization of clinical trials, the rising demand for new therapies, a surge in clinical trial numbers, and enhancements in healthcare infrastructure.
How fast Is the clinical trial supply and logistics market expected to grow, and what’s its future value?
Anticipations are high for a substantial surge in the clinical trial supply and logistics market size over the imminent few years. By 2029, a growth to $7.26 billion is expected, keeping a compound annual growth rate (CAGR) of 9.1%. This growth for the forecast period could be credited to the escalating demand for customized medication, an uptick in the number of clinical trials, and a higher occurrence of chronic diseases. Other contributors include a growing emphasis on patient-oriented trials and amplified use of virtual trials. The projection period is expected to see significant trends like strategic partnerships among clinical trial supply and logistics firms, pharmaceutical enterprises, and other involved parties. Other trends include a rise in the outsourcing of clinical trial services, ongoing technological progress, a hike in R&D spending, and stricter regulatory adherence and quality assurance in clinical trial supplies.
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What are the leading drivers of growth in the clinical trial supply and logistics market?
The growth of the clinical trial supply and logistics market is predicted to be fuelled by the rising count of clinical trials. These trials are critical research studies involving human subjects meant to assess the safety and efficacy of new medical treatments, procedures, or interventions. To conduct a clinical trial effectively, various materials, such as biological samples, trail drugs and kits, guidance, and assistance with all necessary permit applications and customs clearances, are required. For example, ClinicalTrials.gov, a US registry of clinical trials managed by the United States National Library of Medicine at the National Institutes of Health (NIH), reported that the number of registered clinical studies grew from 399,499 in 2022 to 437,533 by July 2023 across the United States and in 221 countries worldwide. Additionally, out of the total, 141,513 studies (31%) are based only in the U.S, while 244,707 studies (53%) are located outside the U.S. Thus, the upsurge in clinical trials is a significant factor propelling the growth of the clinical trial supply and logistics market.
What are the key segments defining the clinical trial supply and logistics market?
The clinical trial supply and logistics market covered in this report is segmented –
1) By Service: Logistics And Distribution, Storage And Retention, Packaging Labelling And Blinding, Manufacturing, Comparator Sourcing, Other Services
2) By Phase: Phase I, Phase II, Phase III, Phase IV
3) By Area: Oncology, Cardiovascular Diseases, Respiratory Diseases, CNS And Mental Disorders, Other Areas
4) By End-User: Pharmaceuticals, Biologicals, Medical Device
Subsegments:
1) By Logistics And Distribution: Transportation Management, Cold Chain Logistics, Customs Clearance, Inventory Management
2) By Storage And Retention: Controlled Storage, Long-Term Storage, Short-Term Storage
3) By Packaging, Labeling, And Blinding: Primary Packaging, Secondary Packaging, Label Design And Printing, Blinding Solutions
4) By Manufacturing: Clinical Supply Manufacturing, Batch Production, Quality Control And Assurance
5) By Comparator Sourcing: Sourcing Services, Regulatory Compliance, Inventory Management For Comparators
6) By Other Services: Regulatory Affairs Consulting, Clinical Trial Management, Data Management And Analysis, Training And Support Services
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Who are the key players steering the development of the clinical trial supply and logistics market?
Major companies operating in the clinical trial supply and logistics market include United Parcel Service, DHL Group, FedEx Corporation, Thermo Fisher Scientific Inc., IQVIA, ICON plc, Eurofins Scientific, Catalent Inc., Intertek Group plc, Parexel International Corporation, UDG Healthcare PLC., Almac Group, World Courier, Piramal Pharma Solutions, Sharp Clinical Services Ltd., Clinigen Group, PCI Pharma Services, Movianto Group, Cold Chain Technologies, Biocair International Limited, QuickSTAT, Wasdell Group, Klifo A/S, TrakCel, Packaging Coordinators Inc., Biotec Services International Limited, Proventa International, Inceptua Group
What emerging trends are influencing the growth of the clinical trial supply and logistics market?
Major companies in the Clinical Trial Supply and Logistics Market are prioritizing technical solutions like temperature-controlled healthcare shipments to boost their product’s credibility and reliability during delivery. This technology not only adheres to regulatory standards but enhances patient outcomes as well. They transport medical products, pharmaceuticals, and biological materials which require specific temperature conditions for preserving their effectiveness and safety. To achieve this, they employ specialized packaging, monitoring systems, and logistics solutions ensuring the temperature remains within the mandated range during transit. For instance, FedEx Corporation, a US transport company, debuted FedEx Life Science Center in February 2024. Their service, FedEx Customized Freight (FCF), caters to critical pharmaceutical transits. It offers features including top priority on boarding, end-to-end custodial control, and custom delivery options to safeguard product integrity during the journey. Moreover, the FedEx Priority Alert Plus facility assists clients by actively keeping tabs on their time-critical consignments and also offers options to replenish supplies of dry ice or gel packs.
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Which regions are most influential in expanding the clinical trial supply and logistics market?
North America was the largest region in the clinical trial supply and logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial supply and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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