Clinical Trial Materials And Supplies Market Set to Soar Past USD 3.09 Billion by 2030


The global Clinical Trial Materials And Supplies market size is expected to reach USD 3.09 billion by 2030 and exhibit a CAGR of 6.9% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing number of clinical trials, rising demand for biologics and personalized medicine, stringent regulatory requirements, globalization of clinical trials, the emergence of virtual and decentralized trials, the need for efficient inventory management, and technological innovations in packaging and labelling are fueling the Market’s growth.

Westfprd,USA, Aug. 04, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Clinical Trial Materials And Supplies Market, increased adoption of mobile shopping and apps, growth of omnichannel retailing, the rise of subscription-based models and meal kits, focus on personalized shopping experiences, expansion of Clinical Trial Materials And Supplies delivery services, integration of AI and machine learning in inventory management and recommendation systems, emphasis on sustainable packaging and eco-friendly practices, the emergence of virtual grocery stores and dark stores, growing popularity of click-and-collect services, are the trends that aid in the market’s growth.

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  • Pages – 260
  • Tables – 61
  • Figures – 69

Clinical trial materials and supplies are the products and services used in clinical trials. They include everything from the drugs and placebos being tested to the medical devices used to administer them, as well as the paperwork and other documentation required to track patient progress.

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Prominent Players in Clinical Trial Materials And Supplies Market

  • Charles River Laboratories
  • Envigo
  • Wuxi AppTec
  • Eurofins Scientific
  • ICON plc
  • PPD
  • Covance
  • Parexel
  • InVentiv Health
  • Syneos Health
  • Laboratory Corporation of America Holdings
  • Bio-Rad Laboratories
  • Thermo Fisher Scientific
  • Sartorius
  • Merck KGaA
  • GE Healthcare
  • Abbott Laboratories

Diagnostic Clinical Trials  Demand to Grow Substantially in the Forecast Period

Diagnostic clinical trials type dominated the global market owing to its high accuracy and performance. It also aims to assess the sensitivity, specificity, and predictive values of diagnostic tools. Diagnostic trials can vary in design, including prospective studies comparing a new diagnostic test to a gold standard, retrospective analyses of existing datasets, or comparative studies between different diagnostic approaches.

Oncology is the Leading Application Segment

In terms of application, oncology is the leading segment due to the increased focus on cancer research and treatment. In addition, high prevalence of cancer, continuous advancements in cancer therapies, and the need for innovative treatments contribute to the demand for clinical trial materials and supplies in this application segment.

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North America is the leading Market Due to the Technological Advancements

Region-wise, North America is one of the largest growing markets with a huge emphasis on health infrastructure. North America, particularly the United States, has a significant share of global research and development (R&D) investments in the pharmaceutical and biotechnology sectors. The region’s robust funding ecosystem, government support, and venture capital investments foster innovation and contribute to adopting advanced e-clinical solutions.

A recent report thoroughly analyzes the major players operating within the Clinical Trial Materials And Supplies market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Clinical Trial Materials And Supplies.

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Key Developments in Clinical Trial Materials And Supplies Market

  • In January 2023, Thermo Fisher Scientific acquired PPD. This acquisition gave Thermo Fisher Scientific a major player in the clinical trial services market. PPD is a leading provider of clinical trial management, data management, and drug safety services, and it has a strong track record of innovation. This acquisition will allow Thermo Fisher Scientific to expand its product offerings and reach new markets.

Key Questions Answered in Clinical Trial Materials And Supplies Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • Can you list the top companies in the market and explain how they have achieved their positions of influence?
  • In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?

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