Adoption Scenario Of Clinical Trial Supply and Logistics Market To Remain Positive Through 2026


Clinical trials are research studies that are conducted on a sample of people in order to evaluate a medical, surgical, or behavioural intervention. It is a common method for scientists to assess the safety, efficacy, side effects, and positive impacts of a new treatment, drug, medical device, or test cancer therapies, cardiovascular disease treatments, the safety and efficacy of new therapies, and a variety of other conditions on a sample. Government agencies, institutions, hospitals, physicians, pharmaceutical or biotechnology businesses, advocacy groups, and other organisations sponsor and fund clinical trials. It is an important phase in the process of bringing a novel medication or product to market. The efficient management of clinical trial supplies is a crucial aspect in successfully performing clinical studies, especially for those complex investigations that require careful monitoring, precise planning, and coordination among numerous stakeholders. Drug makers are turning to supply service providers to obtain clinical trial components and deliver them to operational sites as demand for increasingly sophisticated and expensive clinical studies grows.

COVID – 19 scenario analysis:

More than four million individuals have been infected as a result of the ongoing COVID – 19 pandemic, and the afflicted economies are still struggling, since COVID-19 has damaged various businesses, including clinical trials supplies and logistics. Because flights are grounded and businesses are closed, study participants are unable to leave their homes, making it extremely difficult to continue clinical research.

Market Dynamics

During the forecast period, an increase in the number of registered clinical trials around the globe is predicted to boost demand for clinical trial supply and logistics market. According to many internet sources, Brazil has the second highest number of registered clinical trials among the BRIC (Brazil, Russia, India, and China) countries, accounting for about 2% of global volume. Vendors are also concentrating on establishing various clinical programmes in order to sell their services and attract additional clients and government partners.

Some of the key players operating in the global clinical trial supply and logistics market include Catalent Pharma Solutions, Inc., Almac Group, Movianto, Patheon, Inc., PCI Pharma Distribution, Sharp Packaging Distribution, PAREXEL International Corporation, Marken, KLIFO A/S, and Biocair.

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