The Global Medical Disposables Market Size Was Worth USD 1,873.2 Million in 2021 and Is Expected To Reach USD 3,022.4 Million by 2028, CAGR of 8.3%.
FrequentlyAsked Questions
The increasing R&D spending in pharmaceutical and biopharmaceutical firms, as well as the expanding number of clinical trials done internationally, are driving market expansion. One of the primary factors driving the market's growth is significant growth in the biopharmaceutical industry. Clinical trials are gaining a lot of traction in the fight against diseases like HIV and cancer, as well as the creation of new medication delivery methods.
According to the Market Research report, the Clinical Trial Supplies Market was worth about 1,873.2 (USD million) in 2021 and is predicted to grow to around 3,022.4 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 8.3 percent.
In terms of market share and revenue, North America dominates the clinical trial supplies market, and this dominance will continue during the projected period. This is owing to the region's large number of essential companies and well-developed healthcare infrastructure. Pharmaceutical and biopharmaceutical businesses' increased spending on R&D is the primary drivers of North America's clinical trial supplies market share.
Some of the main competitors dominating the Clinical Trial Supplies Market include - Thermo Fisher (US), Catalent, Inc. (US), Parexel (US), Eurofins (France) UDG Healthcare (Ireland), Piramal Pharma Solutions (India), Almac Group (UK), PCI Pharma Services (US), PRA Health Sciences (US), Biocair (UK), Eurofins (France), Marken (US), Infosys (India), Liveo Research (India), Capsugel (a Lonza Group company) (Switzerland), SIRO Clinpharm (India), KLIFO A/S (Denmark), Clinigen (UK), Ancillare (US), N-SIDE (Belgium), ADAllen (UK), Rubicon (India), Durbin (UK), Recipharm (Sweden), Seveillar (India), Myonex (India)
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