Global Clinical Trial Supplies Market valued at $2.5 billion in 2021, is poised to grow at a decent CAGR of 8%
The global clinical trial supplies market includes services like packaging and labeling services, clinical supplies logistics & distribution, comparator sourcing, and clinical supplies management. The R&D expenditure by large pharma companies totaled a record $133 billion in 2021, an increase of 44% since 2016. With the rising R&D spending and the increasing complexity of clinical trials, Pharma/Biotech is looking to outsource more non-core activities related to clinical trials. Big Pharma is usually more reluctant to outsource than biotech, which is highly reliant on external partners for clinical development activities.
Increased
Focus on Biologics which require Specialized Logistics Capabilities
The worldwide biologics market which is growing at
~15% far exceeds the overall pharmaceutical market growth. Biologics drugs require
specialized logistics, distribution, storage, and monitoring capabilities as
drugs are temperature sensitive. This further provides growth opportunities for
CTS providers with proven expertise and capabilities in handling biologics.
Steady Growth in Clinical Trials
Conducted
In 2021, new clinical trials started,
across Phase I/II/III, representing a 21% increase over the previous year.
Overall, the number of new clinical trials started grew by 7.1% between 2016
and 21. The growth in the clinical trials conducted would spur the demand for
the clinical trial supply services like comparator sourcing, clinical logistics
and supplies management.
Oncology – High Growth Therapeutic Area for Clinical Trial Supplies
In terms of therapeutic use, oncology is
the leading and fastest-growing market segment. This is mainly attributed to the
presence of a huge R&D pipeline of oncology drugs. Moreover, the majority
of oncology drugs require temperature-sensitive distribution, which is expected
to fuel the demand for cold chain distribution.
Decentralized
Trials leading to an increased demand for Clinical Trial Supplies Market
Covid-19 pandemic has provided an impetus to clinical trials being conducted in a decentralized
manner. Virtual trials have become more important than ever post Covid-19 pandemic.
There were hardly any M&As related to virtual trials taking place before
the pandemic, but the market observed ~10 M&A deals in 2020. The growing
trend toward decentralized trials and the need for direct-from-patient and
direct-to-patient logistics and distribution of samples/drugs/monitoring equipment
make the role of CTS providers more critical in ensuring smooth & efficient
progress of clinical studies.
Global Footprint
and Coverage, a Key Differentiator
As companies face
challenges in the recruitment of patients, clinical trials are increasingly
conducted across more regions and sites. CTS providers with a global footprint
and/or ability to service across North America/Europe and increasingly
Asia/LATAM as well, are in great demand.
Competitive
Landscape Analysis: Clinical Trial Supplies Market
The global clinical trial supplies market is highly fragmented with the presence of large, integrated CDMOs as well as smaller players. CROs are also looking to expand their service scope to clinical trial manufacturing and also clinical trial supplies distribution & logistics as a vertical integration strategy.
Some of the top and upcoming players operating in the global clinical trial supplies market are Thermo Fisher Scientific, Catalent, Parexel, Almac Group, Clinigen, Marken (UPS), Piramal, UDG Healthcare, Klifo, Capsugel (Lonza), Recipharm, N-SIDE, Ancillare, and Biocair.
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