Pune, India -- (SBWire) -- 04/30/2019 --Clinical Trial Supply and Logistic for Pharmaceutical Industry Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Clinical Trial Supply and Logistic for Pharmaceutical Industry Market by sector (clinical trial manufacturing services, clinical trial logistics, distributions services, clinical trial supply chain management) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Clinical Trial Supply and Logistic for Pharmaceutical Industry Market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024. According to the report the global Clinical Trial Supply and Logistic for Pharmaceutical Industry Market is projected to grow at a CAGR of 7.16% over the forecast period of 2018-2024. In 2016, it was worth USD 15.1 billion and it is anticipated to reach USD 26.2 billion by 2024. Some of the prominent participants in the Global Clinical Trial Supply and Logistic for Pharmaceutical Industry Market are DHL International GmbH, World Courier, Marken, The Almac Group, FedEx, Pamplona Capital Management, Movianto, Catalent, Inc, Patheon and Fisher Clinical Services, Inc.
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The report also identifies the drivers and restraints that affect the Clinical Trial Supply and Logistic for Pharmaceutical Industry market over the period of 2018 to 2024.
Increasing Clinical Trials
One of the latest trends in the market is increasing clinical trials in the developing economies which will also drive the global Clinical Trial Supply and Logistic for Pharmaceutical Industry market over the forecast period. Moreover, cost of clinical trials in the developing economies such as APAC, Latin America and Eastern Europe is less than that of in developed economies is the prime factor responsible for the increasing clinical trials in the developing economies.
Outsourcing of Clinical Trials Activities to CROs
Increase in a number of outsourcing of clinical trial activities to clinical research organizations (CROs) by pharmaceutical and biopharmaceutical vendors to increase their profit margins is the prime factor responsible for the growth of this market. Moreover, outsourcing the clinical trial activities in developing economies such as APAC and Latin America owing to lower cost of clinical trials in this region is the factor responsible for the increased profit margins of pharmaceutical and biopharmaceutical manufacturers.
North America Region is the Largest Consumer Among the Geographies Followed by Europe while APAC to grow at the highest CAGR
The Global Clinical Trial Supply and Logistic for Pharmaceutical Industry market have been dominated by the North America region over the historic period 2016-17 followed by Europe. Presence of top CROs and CMO, as well as increasing clinical trials across the region, drives the growth of Clinical Trial Supply and Logistic for Pharmaceutical Industry market in the North American region. Furthermore, the Asia-Pacific region is expected to grow at the highest CAGR over the period of 2018 to 2024. Moreover, a rapidly growing pharmaceutical industry, emergence of CROs and CMOs in Asia Pacific region are anticipated to boost the market for Clinical Trial Supply and Logistic for Pharmaceutical Industry.
Purchase Global Clinical Trial Supply and Logistic for Pharmaceutical Industry market by sector (clinical trial manufacturing services, clinical trial logistics, and distributions services and clinical trial supply chain management) and by region (North America, Europe, Asia Pacific, Latin America, and RoW) report on https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-clinical-trial-supply-and-logistic-for-pharmaceutical-industry-market
Major Key Players Mentioned in this Premium Report
The companies covered in the report include DHL International GmbH, World Courier, Marken, The Almac Group, FedEx, Pamplona Capital Management, Movianto, Catalent, Inc, Patheon and Fisher Clinical Services, Inc.
Report Findings
1. Drivers
- The Rising Number of Clinical Trial Operations by Pharmaceutical Industries
- An Increasing Number of Contract Research Organizations (CMO)
- The Emergence of Contract Research Organizations
2. Restraints
- Long Clinical Trial Approval Time
3. Opportunities
- Mergers and Acquisitions and R&D Investments
