Market Definition: Clinical Trial Consumables Market
The global clinical trial consumables market is expected to reach USD 1,780.3 million by 2025, from USD 1,033.9 million in 2017 growing at a CAGR of 7.2% during the forecast period of 2019 to 2026.
Clinical trial consumables are majorly used in clinical researches. Some of the consumables used are petri dishes, in vitro fertilization tubes & dishes, samco liquid handling solutions, sterilin containers, specimen containers, sample vials, transfer pipettes, sample collection and storage tubes and others. According to Forum of International Respiratory Societies, around 235 million people suffer from asthma more than 200 million people have chronic obstructive pulmonary disease (COPD) and around 65 million endure moderate-to-severe COPD. Moreover, around 8.7 million people develop tuberculosis annually, millions of people live with pulmonary hypertension and more than 50 million people struggle with occupational lung diseases, adding more than 1 billion people suffering from chronic respiratory. Researches worldwide is augmenting rapidly, eventually driving the demand for clinical trial consumables market.
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Key Market Competitors: Clinical Trial Consumables Market
Few of the major competitors are ALMAC Group Ltd, Catalent Pharma Solutions, Inc., Parexel International, Thermo Fisher Scientific, Inc., PCI Services, Patheon, Inc., Sharp Packaging Services, Biocair, Movianto, Klifo A/S, Bellco Glass, CRYSTALGEN, Camlab, Reagecon, Sartorius, Spectrum Chemical, and VITLAB among others.
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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Major Market Drivers & Restraints are as follows:
- Gaining popularity of clinical trial activities across the globe
- Increasing R&D investments and government funding
- Rising incidences of various diseases
- Increasing expansion activities
- Extensive approval times for clinical trials
Market Segmentation: Clinical Trial Consumables Market
- The global clinical trial consumables market is segmented based on product and services, phase, and therapeutic area.
- Based on product & services, the global clinical trial consumables market is segmented into manufacturing, packaging and labeling and logistics & distribution.
- On the basis of phase, the global clinical trial consumables market is classified into phase I, phase II and phase III.
- On the basis of method of sterilization, the global clinical trial consumables market is classified into oncology, CNS & mental disorders, cardiovascular diseases, infectious diseases, respiratory diseases, blood disorders, dermatology and others.
- Based on geography, the global clinical trial consumables market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global clinical trial consumables market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of clinical trial consumables market for global, Europe, North America, Asia Pacific and South America.
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