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      Arab Newswire, a Press release Distribution Service to Middle East and North Africa, Adds GCC Weekly to its Media List

      Arab Newswire, a Press release Distribution Service to Middle East and North Africa, Adds GCC Weekly to its Media List

      Air Freight Market is expected to Reach USD 440.16 Billion by 2029 at a CAGR of 5.8 percent

      Air Freight Market is expected to Reach USD 440.16 Billion by 2029 at a CAGR of 5.8 percent

      Blue Cheese Market is expected to Hit USD 12.4 Billion by 2029 at a CAGR of 3.6 percent

      Blue Cheese Market is expected to Hit USD 12.4 Billion by 2029 at a CAGR of 3.6 percent

      Car Crusher Machine Market to Reach USD 3.47 Billion by 2029 at a CAGR of 5.4 percent

      Car Crusher Machine Market to Reach USD 3.47 Billion by 2029 at a CAGR of 5.4 percent

      Ooredoo joins forces with QFZ; MoU signed to support international businesses and investments in Qatar| Gulf Times – Gulf Times

      Full Moon Desert Safari in Qatar – ILoveQatar.net

      Qatar slams Syrian forces' escalation of military operations in north – The Peninsula

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      Clinical Trial Supplies Market worth $5.7 billion by 2027

      Qatar NewsRoom by Qatar NewsRoom
      October 27, 2022
      in PRESS RELEASES
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      (EMAILWIRE.COM, October 27, 2022 ) Global Clinical Trial Supplies Market is projected to reach USD 5.7 billion by 2027 from USD 3.6 billion in 2022, at a CAGR of 9.7% during the forecast period of 2022 to 2027.

      Major Growth Driving Factors:

      Factors such as growing R&D expenditure in biopharmaceutical and pharmaceutical companies and the growing number of clinical trials conducted globally. However, during the forecast period, the growing cost of clinical trials and drug development is expected to restrain the growth of this market.

      The logistics and distribution segment accounted for the largest share of the services segment in the clinical trial supplies market in 2021.

      On the basis of the service, the clinical trial supplies market is segmented into manufacturing; packaging, labeling, and blinding; comparator sourcing; logistics & distribution; storage & retention; and other services. In 2021, Logistics & distribution services accounted for a share in the market. During the forecast period, this segment is estimated to grow at the highest CAGR. Logistics & distribution and storage & retention are seen to be the leading segments with respect to the growth rate during the forecast period as a result of growing decentralization of clinical trials.

      Download PDF Brochure@

      https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172240059

      The oncology segment accounted for the largest share of the therapeutic area segment in the clinical trial supplies market in 2021

      On the basis of therapeutic area, the clinical trial supplies market is divided into oncology, CNS & mental disorders, cardiovascular diseases, digestive disorders, infectious diseases, metabolic disorders, immunology, blood disorders, and other therapeutic areas (respiratory disorders, dermatological disorders, rare diseases, ENT diseases, Nephrology). In 2021, Oncology accounted for the largest segment in this market. Factors such as increasing number of research studies on cancer therapeutics and the growing companies focusing on cancer drugs into the market. During the forecast period, the oncology segment is projected to grow at the highest CAGR.

      The Asia Pacific region is the fastest-growing region of the clinical trial supplies market in 2021.

      On the basis of region, the clinical trial supplies market is broadly segmented into North America, Europe, the Asia Pacific, and the Rest of the World. During the forecast period, the Asia Pacific market is projected to register the highest growth. Factors such as emerging number of players, regulatory framework, huge population base and cost-effectiveness in Asia Pacific regions is driving the growth in the market. This is attracting the attention of a majority of pharmaceutical, biopharmaceutical, and biotechnology giants to consider conducting their clinical trials in Asia Pacific countries.

      Global Key Players:

      Key players in the Clinical trial supplies market include Thermo Fisher Scientific (US), Marken (US), Catalent, Inc. (US), Eurofins Scientific (France), and PRA Health Sciences (US).

      Request Sample Pages@

      https://www.marketsandmarkets.com/requestsampleNew.asp?id=172240059



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