According to Stratistics MRC, the Global Clinical Trial Packaging market is accounted for $960.35 million in 2017 and is expected to reach $2100.36 million by 2026 growing at a CAGR of 9.0% during the forecast period.
— Rise in the number of clinical trials across the globe and growing demand for several leading pharmaceutical companies are impelling the market growth. However, lack of centralized trial registration processes across countries is inhibiting the growth of the market. One of the major trends in the market is growing importance of booklet labels.
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Clinical trial packaging companies are essentially emphasizing on increasing their geographical footprint through mergers and acquirements. Due to huge amount of new drug discoveries in research laboratories in various countries there has been an increase in the market. Additionally, it is benefitted from the introduction of plastic products as an attractive, more flexible and economical alternative to the traditionally choice of glass products.
Amongst end user, Clinical Research Organization segment dominated the global market and is expected to maintain its dominance over the forecast period, owing to increase of drug manufacturing facilities in this market. By geography, Asia Pacific is anticipated to dominate the market during the forecast period. Countries such as India and china markets are estimated to lead the APAC due to their rising manufacturing capabilities with leading pharmaceuticals companies, Mawdsley-Brooks & Co. Ltd,.
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Some of the key players in the global clinical trial packaging market include Almac Group, Limited, Bilcare Limited, Catalent, Inc., DMB Consultancy, Fisher Clinical Services Inc, Körber Medipak Systems AG, NextPharma Technologies, PAREXEL International Corporation, PCI Pharma Services, Pharmaterials Ltd, Piramal Enterprises Ltd, Rubicon Research Private Limited, Schreiner MediPharm, Sentry BioPharma Services, Inc., Sharp Clinical Services, Inc, The Coghlan Group Inc., Westrock Company, WuXi AppTec, Inc and Xerimis Inc,.
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Material Types Covered:
• Corrugated Fiber
Packaging Types Covered:
• Bags & Pouches
• Vials & Ampoules
• Kits or Packs
• Other Packaging types
End User recovered:
• Drug Manufacturing Facilities
• Clinical Research Organization
• Research Laboratories
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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
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