Clinical Trial Supply and Logistics Market Revenue To Witness High Upsurge $2179.6 Mn By 2032

According to a report from Zion Market Research, the global Clinical Trial Supply and Logistics Market was valued at USD 1393.01 Million in 2023 and is projected to hit USD 2179.6 Million by 2032, with a compound annual growth rate (CAGR) of 5.1% during the forecast period 2024-2032.

In addition to this, increase in rate of clinical tests across globe and promotion of these trials by pharma & bio-pharma firms will promulgate expansion of clinical trial supply and logistics market. Improvements in supply chain management activities are predicted to steer growth of clinical trial supply and logistics industry in years ahead. COIVD-19 pandemic has resulted into massive increase in clinical trials, thereby helping clinical trial supply and logistics market explore new domains of growth.

Moreover, direct-to-patient approaches are utilized for effectively managing logistical constraints of remote clinical trials. This will proliferate size of clinical trial supply and logistics industry. Drug manufacturers depend on third-party vendors for supply of raw materials & logistics for clinical trials. This, in turn, will culminate into humungous growth of clinical trial supply and logistics market. Rise in outsourcing of clinical trial supply & logistics materials will further boost business trends.

Logistics & Distribution Segment To Dominate Service Landscape By 2032

Segmental growth over assessment period can be attributed to a massive increase in clinical tests carried out in medical labs across globe. Apart from this, a prominent rise in clinical trials that also involve temperature sensitive items will further contribute majorly towards expansion of segment. Additionally, highly regulated industry structure will drive segmental growth over years to come.

Pharmaceutical Segment To Make Notable Contributions Towards Market Size By 2032

Expansion of pharmaceutical segment over forecast timeframe is ascribed to a massive surge in proportion of clinical studies by pharma firms. Moreover, rise in investment made by pharma companies on equipment and raw materials for performing clinical trials will drive market trends. A large number of pharma firms & contract research organizations have entered into partnerships for carrying out clinical trials on COVID patients to find new medicines for treating the ailment. This has further facilitated growth of market.

North American Market To Register Highest Profit Margins By 2032

Regional market growth over forecasting timeline can be credited to a rampant increment in number of clinical trials each year in countries such as the U.S. In addition to this, large-scale presence of giant players in the region will further account for major growth of clinical trial supply and logistics market in North America in forthcoming years.

Key players influencing market growth and profiled in study include Movianto Company, Piramal Pharma Solutions, Thermo Fisher Scientific Corporation, FedEx Corporation, Catalent, Inc., Packaging Coordinators, Inc., Almac Group, Parexel International, DHL International GmbH, Marken, and UDG Healthcare.

Browse the full “Clinical Trial Supply And Logistics Market - By Service (Logistics & Distribution And Storage & Retention), By End-User (Pharmaceutical And Biologics), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2023-2032.” Report at https://www.zionmarketresearch.com/report/clinical-trial-supply-logistics-market

The global Clinical Trial Supply and Logistics Market is segmented as follows:

By Service

• Storage & Retention
• Logistics & Distribution

By End-User

• Pharmaceutical
• Biologics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com