The clinical trial is a research investigation that determines whether a medical strategy, treatment, or device is safe, effective, and valuable for humans use. In addition, these studies help in determining which medical approach experiment is the best for particular diseases. Thus, a medical trial provides the best data for health care decision-making purposes. Clinical trial supplies refer to various equipment and tools for conducting scientific experiments, investigations, and clinical research. Syringe needles, nebulizers, and infusion pumps are the generally used clinical trial supplies. They are primarily utilized for conducting medical trials for treating, detecting, and preventing various ailments, analyzing the effectiveness of the treatment method, and diagnosing metabolic disorders and multiple infections. They also find extensive applications during oncological, respiratory, cardiovascular, and neurological procedures.
The global clinical trial supplies market size was projected to reach USD 4,843.55 million by 2027, growing at a CAGR of 7.8% during the forecast period, 2020-2027. The major factors are the growth in the biologics pipeline and increasing R&D expenditure in pharmaceutical and biopharmaceutical companies. Additionally, the rising population, high prevalence of diseases, and globalization of clinical trials & harmonization of regulations will spur the global clinical trial supplies industry in the future periods. Furthermore, the rising number of biosimilar drugs in trials and the emerging trend of contract research organizations are expected to witness remarkable growth of clinical trial supplies. Furthermore, the increasing usage of clinical trial supplies to treat numerous diseases such as cancer and HIV and the development of innovative drug delivery systems are expected to propel the demand for clinical trial supplies over the coming years.
Moreover, the rising pressure to cut down R&D costs and the rising need to increase operational efficiency positively impact the market for clinical trial supplies. Furthermore, the rapidly expanding customer base, growing public and private research activities for the development of advanced drugs & treatment methods, and advancement in supply chain management technology are fueling the demand for the clinical trial supplies market. Furthermore, the strategic development among the solution providers and an increase in several clinical trials will bolster the growth of the global clinical trial supplies market share. Additionally, the growing geriatric population, increasing healthcare demands, and increasing patent expiration propels the growth of the clinical trial supplies market across the globe.
The emerging trend of contract research organizations is projected to drive the market during the forecasted period of 2020-2027 at a significant rate. The increasing cost and complexity of the clinical trials have impelled the manufacturers and drug developers to outsource their clinical trial supplies and deliver them to the investigator site. These clinical trials are usually performed by outsourcing to clinical research organizations. CROs enable the biotechnological pharmaceutical and medical instrument companies to outsource research activities on a contractual basis, thereby enhancing the utilization of various trial supplies. Clinical research organizations support drug manufacturers on their road to discover and approve future drugs by absorbing some of the clinical stage’s burdens. Clinical trials usually start with Phase I trials on a small group to determine the safety and required dosage. This is usually in-house or tested locally. The small drug manufacturers and CROs are becoming aware of the importance of logistics and material supply with an end-to-end solution in clinical trials. Thus, the increased outsourcing of R&D activities to CROs is driving the industry growth.
Based on the service, the global clinical trial supplies market is segregated into manufacturing, packaging, labeling, and blinding, comparator sourcing, logistics, distribution, storage, and retention and solutions. The logistics segment is estimated to witness the highest growth over the analysis timeframe due to the rising number of clinical trials involving temperature-sensitive products and the globalization of clinical trials.
The comparator sourcing will grow significantly due to the growing focus on comparative drug effectiveness and the rising demand for better supply capabilities.
Based on the phase, the global clinical trial supplies market is categorized into Phase I, Phase II, Phase III, Phase IV, and BA/BE studies. The Phase III segment held for a significant market share in 2019 and will gain maximum market revenue by 2027. It is attributable to the fact that phase III trials are the time-consuming, most expensive, difficult to design & run, and takes a longer period to study the drug. Besides, it is a large-scale clinical trial involving around 3000 participants and tests the drug on different populations with other drug combinations and safety and efficacy.
The Phase II segment is poised to witness significant growth over the forecast period. It is due to the surge in the number of outsourced Phases I trials, high capital investment, and larger participants sample population (100 to 300).
Based on the therapeutic area, the global clinical trial supplies market is classified into oncology, neurological and mental disorders, infectious and immune system diseases, digestive system diseases, blood disorders, and other therapeutic areas. The oncology segment is to be the highest revenue share for clinical trial supplies during the forecast period. The segment’s growth is attributed to the increasing number of new treatments & therapies, rising incidence of cancer across the globe, and growing demand for drugs that increase the need for clinical trial supplies.
The infectious and immune system diseases will witness a lucrative growth rate in the estimated period due to the growing prevalence of infectious diseases and the increasing investments from the government to conduct clinical trials for infectious and immune system diseases.
The global clinical trial supplies market is segmented into small-molecule drugs & biologic drugs based on the drug type. The biologics segment will dominate the global clinical trial supplies market by 2027. Due to the rising number of patent expiry, rise in use of large molecules, increasing focus on drug development for complex diseases. In addition, the rising demand for biosimilar in both emerging and developed countries is also expected to fuel the growth of the industry.
The small-molecule drugs accounted for the largest share of the clinical trial supplies market in 2019. It is due to their cost-effectiveness and easy convertibility to the oral form.
The global clinical trial supplies market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2020-2026. It is due to well-established CROs, increasing government initiatives to conduct clinical trials, and rising investments in R&D by pharmaceutical and biopharmaceutical companies.
The Asia Pacific will gain a prominent share of the clinical trial supplies market by 2027. Due to the less-stringent patient recruitment regulations, a larger patient population, and stringent regulations for importing clinical supplies.
Companies such as Almac Group Ltd., Catalent Pharma Solutions Inc., DHL, Parexel, Thermo Fisher Scientific Inc., PCI Services, Sharp Clinical, Biocair, O&M Movianto, KLIFO A/S, Capsugel, UDG Healthcare Plc, Bilcare Limited, PRA Health Sciences Inc, Eurofins Scientific, Marken, N-SIDE and Seveillar Clinical Trial Supplies Pvt. Ltd is the key player in the global clinical trial supplies market.
By Service
By Phase
By Therapeutic Area
By Drug Type
By Region
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