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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403474

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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403474

Clinical Trial Supply & Logistics Market Forecasts to 2030 - Global Analysis By Phase, By Service Type, By Therapeutic Area, Application, End User and By Geography

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According to Stratistics MRC, the Global Clinical Trial Supply & Logistics Market is accounted for $3.9 billion in 2023 and is expected to reach $7.3 billion by 2030 growing at a CAGR of 9.5% during the forecast period. Clinical Trial Supply & Logistics (CTSL) is a specialized field ensuring the efficient and secure movement of medication, equipment, and other vital materials needed for clinical research. It encompasses activities like inventory management, packaging, transportation, customs clearance, and temperature control, ensuring timely delivery to clinical trial sites across the globe. CTSL ensures clinical trials run smoothly, contributing to the development of new drugs and therapies.

Market Dynamics:

Driver:

Increased demand for clinical trials

The increased demand translates to a booming Clinical Trial Supply & Logistics (CTSL) market. As more trials are conducted, the need for secure transport, precise inventory management, and specialized handling of materials like temperature-sensitive drugs becomes crucial. CTSL providers are stepping up to meet this demand by investing in technology, expanding global reach, and offering customized solutions for personalized medicine and patient engagement. Thus, the booming clinical trial landscape directly fuels the growth and innovation within the CTSL market.

Restraint:

Temperature sensitive products

Clinical trials often involve the transportation and storage of temperature-sensitive drugs, vaccines, or biological samples that require specific and controlled conditions to maintain their efficacy and integrity. The challenge lies in ensuring that these products are consistently maintained within the recommended temperature ranges throughout the supply chain, from manufacturing to final delivery. Any deviation from the specified temperature conditions can compromise the quality and reliability of the clinical trial results, leading to potential safety issues and data inaccuracies.

Opportunity:

The rise of personalized medicine

As treatments increasingly target individual patient profiles, the demand for specialized and customized pharmaceuticals escalates. This paradigm shift necessitates a flexible and efficient supply chain to accommodate diverse trial requirements, ranging from unique drug formulations to specific patient populations. Companies that adeptly adapt their supply and logistics strategies to the intricacies of personalized medicine stand to capitalize on this evolving landscape, driving innovation and enhancing clinical trial success.

Threat:

Public scrutiny and concerns

Any negative perception or controversy surrounding these trials can undermine public trust. Issues such as ethical concerns, patient safety, or perceived corporate interests may trigger intense scrutiny from the media, regulatory bodies, and the general public. Heightened public awareness, fueled by social media and advocacy groups, can amplify the impact of any perceived shortcomings in the supply and logistics processes. Negative perceptions can result in increased regulatory scrutiny, delays in trial timelines, and reputational damage for pharmaceutical companies and research organizations, thereby jeopardizing the overall success of clinical trials and hindering advancements in medical research.

COVID-19 Impact:

The COVID-19 pandemic has significantly impacted the market, introducing challenges such as disrupted supply chains, delays in patient enrollment, and increased demand for certain therapeutic areas. Lockdowns, travel restrictions, and resource reallocation have affected the timely distribution of investigational products, leading to logistical complexities. Pharmaceutical companies and contract research organizations have had to adapt rapidly, emphasizing the importance of resilient supply chain strategies and innovative logistics solutions to ensure the continuity and efficiency of clinical trials during these unprecedented times.

The Phase III segment is expected to be the largest during the forecast period

The Phase III segment is estimated to hold the largest share. The Phase 3 segment of the clinical trials market represents a crucial stage in the development and evaluation of medical interventions, such as drugs, treatments, or therapies. Phase III clinical trials are considered complex clinical trials that require both robust technologies and reliable clinical resources to recruit patients efficiently, initiate sites quickly, and provide cost-effective study management. Furthermore, during Phase 3 trials, researchers carefully gather data to confirm and extend the findings from earlier phases. They aim to demonstrate statistically significant results and compare the intervention against standard treatments, placebos, or other relevant comparators.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

During the anticipated period, the pharmaceuticals segment is expected to increase at the most effective rate. This specialized sector focuses on ensuring the timely and secure delivery of investigational drugs to various clinical trial sites. Efficient supply chain logistics, temperature-controlled storage, and regulatory compliance are critical aspects. Companies operating in this market provide comprehensive solutions to streamline the complex process of supplying pharmaceuticals for clinical trials, supporting the development of new drugs and therapies.

Region with largest share:

North America commanded the largest market share during the extrapolated period. The market is expanding in North America due to a number of factors, including the rising incidence of infectious and chronic diseases, the demand for personalised treatment, and the existence of a thriving pharmaceutical sector. The regulatory climate in the area is also supportive, with the FDA playing a key role in the approval and supervision of clinical trials. With an increase in vaccine and therapy studies, the COVID-19 pandemic has also fuelled growth in the North American clinical trials market.

Region with highest CAGR:

Asia-Pacific region is expected to witness profitable growth over the projection period, due to the growing patient base and affordable treatments. The clinical trials market has excellent development potential in Asia and the Pacific. This can be attributed to the region's affordable clinical trials, expanding manufacturing facilities, enacting supportive government regulations, and expanding pharmaceutical business. Cost savings, a large treatment population, participant retention in clinical trials, and ongoing regulatory procedural improvements are mostly responsible for the rise of clinical trial activities in the area.

Key players in the market:

Some of the key players in Clinical Trial Supply & Logistics market include Parexel, Thermo Fisher Scientific (Patheon), Catalent, Inc., Packaging Coordinators Inc., Almac Group, Piramal Pharma Solutions, UDG Healthcare, DHL, FedEx and Movianto.

Key Developments:

In October 2023, Piramal Pharma Solutions partnered with an AI-powered platform provider to streamline clinical trial supply chain management. This partnership leverages AI and machine learning to optimize inventory management, route planning, and real-time visibility into the location and status of clinical trial supplies.

In September 2023, Thermo Fisher Scientific (Patheon) acquired a leading European clinical trial logistics company, significantly increasing presence in Europe and expertise in complex trial logistics.

In February 2023, Parexel launched a new expert series, New Medicines, Novel Insights. The series features fresh insights from the company's global, cross-functional experts analyzing drug development trends and offering evidence-based guidance to the biopharmaceutical industry.

Phases Covered:

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Service Types Covered:

  • Logistics & Distribution
  • Storage & Retention
  • Packaging, Labeling, and Blinding
  • Comparator Sourcing
  • Other Service Types

Therapeutic Areas Covered:

  • Oncology
  • Neurology
  • Immunology
  • Genetic Diseases
  • Infectious Diseases
  • Metabolic Disorders
  • Cardiology
  • Other Therapeutic Areas

Applications Covered:

  • Small Molecules
  • Vaccine
  • Monoclonal Antibodies
  • Cell & Gene Therapy
  • Other Applications

End User Covered:

  • Pharmaceuticals
  • Biologicals
  • Medical Device
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC24699

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Clinical Trial Supply & Logistics Market, By Phase

  • 5.1 Introduction
  • 5.2 Phase I
  • 5.3 Phase II
  • 5.4 Phase III
  • 5.5 Phase IV

6 Global Clinical Trial Supply & Logistics Market, By Service Type

  • 6.1 Introduction
  • 6.2 Logistics & Distribution
  • 6.3 Storage & Retention
  • 6.4 Packaging, Labeling, and Blinding
  • 6.5 Comparator Sourcing
  • 6.6 Other Service Types

7 Global Clinical Trial Supply & Logistics Market, By Therapeutic Area

  • 7.1 Introduction
  • 7.2 Oncology
  • 7.3 Neurology
  • 7.4 Immunology
  • 7.5 Genetic Diseases
  • 7.6 Infectious Diseases
  • 7.7 Metabolic Disorders
  • 7.8 Cardiology
  • 7.9 Other Therapeutic Areas

8 Global Clinical Trial Supply & Logistics Market, By Application

  • 8.1 Introduction
  • 8.2 Small Molecules
  • 8.3 Vaccine
  • 8.4 Monoclonal Antibodies
  • 8.5 Cell & Gene Therapy
  • 8.6 Other Applications

9 Global Clinical Trial Supply & Logistics Market, By End User

  • 9.1 Introduction
  • 9.2 Pharmaceuticals
  • 9.3 Biologicals
  • 9.4 Medical Device
  • 9.5 Other End Users

10 Global Clinical Trial Supply & Logistics Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Parexel
  • 12.2 Thermo Fisher Scientific (Patheon)
  • 12.3 Catalent, Inc.
  • 12.4 Packaging Coordinators Inc.
  • 12.5 Almac Group
  • 12.6 Piramal Pharma Solutions
  • 12.7 UDG Healthcare
  • 12.8 DHL
  • 12.9 FedEx
  • 12.10 Movianto
Product Code: SMRC24699

List of Tables

  • Table 1 Global Clinical Trial Supply & Logistics Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Clinical Trial Supply & Logistics Market Outlook, By Phase (2021-2030) ($MN)
  • Table 3 Global Clinical Trial Supply & Logistics Market Outlook, By Phase I (2021-2030) ($MN)
  • Table 4 Global Clinical Trial Supply & Logistics Market Outlook, By Phase II (2021-2030) ($MN)
  • Table 5 Global Clinical Trial Supply & Logistics Market Outlook, By Phase III (2021-2030) ($MN)
  • Table 6 Global Clinical Trial Supply & Logistics Market Outlook, By Phase IV (2021-2030) ($MN)
  • Table 7 Global Clinical Trial Supply & Logistics Market Outlook, By Service Type (2021-2030) ($MN)
  • Table 8 Global Clinical Trial Supply & Logistics Market Outlook, By Logistics & Distribution (2021-2030) ($MN)
  • Table 9 Global Clinical Trial Supply & Logistics Market Outlook, By Storage & Retention (2021-2030) ($MN)
  • Table 10 Global Clinical Trial Supply & Logistics Market Outlook, By Packaging, Labeling, and Blinding (2021-2030) ($MN)
  • Table 11 Global Clinical Trial Supply & Logistics Market Outlook, By Comparator Sourcing (2021-2030) ($MN)
  • Table 12 Global Clinical Trial Supply & Logistics Market Outlook, By Other Service Types (2021-2030) ($MN)
  • Table 13 Global Clinical Trial Supply & Logistics Market Outlook, By Therapeutic Area (2021-2030) ($MN)
  • Table 14 Global Clinical Trial Supply & Logistics Market Outlook, By Oncology (2021-2030) ($MN)
  • Table 15 Global Clinical Trial Supply & Logistics Market Outlook, By Neurology (2021-2030) ($MN)
  • Table 16 Global Clinical Trial Supply & Logistics Market Outlook, By Immunology (2021-2030) ($MN)
  • Table 17 Global Clinical Trial Supply & Logistics Market Outlook, By Genetic Diseases (2021-2030) ($MN)
  • Table 18 Global Clinical Trial Supply & Logistics Market Outlook, By Infectious Diseases (2021-2030) ($MN)
  • Table 19 Global Clinical Trial Supply & Logistics Market Outlook, By Metabolic Disorders (2021-2030) ($MN)
  • Table 20 Global Clinical Trial Supply & Logistics Market Outlook, By Cardiology (2021-2030) ($MN)
  • Table 21 Global Clinical Trial Supply & Logistics Market Outlook, By Other Therapeutic Areas (2021-2030) ($MN)
  • Table 22 Global Clinical Trial Supply & Logistics Market Outlook, By Application (2021-2030) ($MN)
  • Table 23 Global Clinical Trial Supply & Logistics Market Outlook, By Small Molecules (2021-2030) ($MN)
  • Table 24 Global Clinical Trial Supply & Logistics Market Outlook, By Vaccine (2021-2030) ($MN)
  • Table 25 Global Clinical Trial Supply & Logistics Market Outlook, By Monoclonal Antibodies (2021-2030) ($MN)
  • Table 26 Global Clinical Trial Supply & Logistics Market Outlook, By Cell & Gene Therapy (2021-2030) ($MN)
  • Table 27 Global Clinical Trial Supply & Logistics Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 28 Global Clinical Trial Supply & Logistics Market Outlook, By End User (2021-2030) ($MN)
  • Table 29 Global Clinical Trial Supply & Logistics Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 30 Global Clinical Trial Supply & Logistics Market Outlook, By Biologicals (2021-2030) ($MN)
  • Table 31 Global Clinical Trial Supply & Logistics Market Outlook, By Medical Device (2021-2030) ($MN)
  • Table 32 Global Clinical Trial Supply & Logistics Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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Christine Sirois

Manager - Americas

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