USD 1079.09 million
Global Clinical Trial Packaging Market Size, Share, Growth Analysis, By Clinical trial type(Therapeutic & Prevention and Diagnostics), By Packaging Type(Syringes, Vials & Ampoules), By Material(Plastic, Glass), By End User(Research Laboratories, Clinical Research Organizations) - Industry Forecast 2024-2031
Report ID:
SQMIG35B2071 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
121 |
Figures:
77
Global Clinical Trial Packaging Market Insights
Clinical Trial Packaging Market size was valued at USD 1079.09 million in 2019 and is poised to grow from USD 1169.76 million in 2023 to USD 2199.06 million by 2031, growing at a CAGR of 8.21% in the forecast period (2024-2031).
Clinical trials are scientific investigations carried out to identify more effective methods of illness screening, diagnosis, and treatment. These clinical studies may also demonstrate which treatment modalities are more effective for particular diseases or populations of patients. High-quality data from clinical trials are produced for use in making healthcare decisions. Clinical trials are conducted to provide scientific insights. As a consequence, these investigations adhere to rigid scientific criteria that safeguard patients and aid in the production of trustworthy clinical trial data. Functionality and usefulness are of the utmost significance when it comes to Clinical Packaging because it is used for research. In rare circumstances, such as in blind research when anonymity is essential to the outcome of the test, images may even be entirely avoided. Clinical trial items are packed, stored, protected, and transported using clinical trial packaging options. Clinical studies are performed to evaluate a drug's effectiveness and determine the best dose for various pharmacological formulations. Clinical trials involve the use of a wide variety of goods, including syringes, bottles, blisters, tubes, ampoules and vials, bags and pouches, and sachets. These medications require unique packaging because standard packaging has a negative impact on clinical trial outcomes, particularly for pharmaceuticals with high sensitivity. The increase in demand for clinical trial packaging has caused the global market to expand rapidly during the past several years. The leading manufacturers are investing in R&D to assist the sector in developing a long-term solution and growing.
US Clinical Trial Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Plastic
Growth Rate
8.21% CAGR
Global Clinical Trial Packaging Market ($ Bn)
Country Share for North America Region (%)
Global Clinical Trial Packaging Market By Material ($ Bn)
Global Clinical Trial Packaging Market By Material (%)
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Global Clinical Trial Packaging Market Segmental Analysis
Global Clinical Trial Packaging Market is segmented based on the clinical trial type, packaging type, material, end user, and region. Based on clinical trial type, the market is segmented into Therapeutic & Prevention and Diagnostics. On the basis of packaging type, it is categorized into Syringes, Vials & Ampoules, Blisters, Tubes, Bottles, Bags & Pouches, Sachets, Kits or Packs and others. According to material, the global market is sub segmented into Plastic, Glass, Metal, Paper and Corrugated Fiber. On the basis of end user, it is segmented into Research Laboratories, Clinical Research Organizations, Drug Manufacturing Facilities. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Clinical Trial Packaging Market Analysis by Material
The Plastics segment dominated the global clinical trial packaging market share in 2021. The plastic segment is further sub segmented into Polyvinyl Chloride (PVC), Polyethylene (PE), and others. Different types of polyethylene (PE) types include high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP). Plastic has steadily become more popular as a material for clinical trial packaging, thanks to qualities like ease of handling and transportation and cheaper price. The shortcomings of the glass material are addressed by these plastic qualities.
The metal segment is anticipated to account for substantial market growth during the forecast period. In metal packaging, metal mostly used is aluminium. Particularly when compared to glass containers, it is lightweight. Cans with labels have prints on them. Impact extrusion can transform them into stiff containers that cannot be broken. They are mostly resistant to light, gases, and moisture. These factors are expected to contribute to its increased adoption during the forecast period.
Clinical Trial Packaging Market Analysis by End Users
Research laboratories segment dominated the market share of Global Clinical Trial Packaging Market in 2021. One of the major factors boosting the product demand in research laboratories is the rising R&D activity in the healthcare sector. By the end of the projection period, it is anticipated that research laboratories would control more than half of the global market. This is due to a steady increase in the packaging used for these studies.
Drug manufacturing facilities segment is expected to grow at a high CAGR during the forecast period. This is attributed due to the increasing healthcare budget in many countries.
Global Clinical Trial Packaging Market By Material, 2023 (%)
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Global Clinical Trial Packaging Market Regional Insights
North America dominated the Global Clinical Trial Packaging Market share and accounted for approximately 50% global revenue share in 2021. It is expected to continue its dominance during the forecast period. The pharmaceutical industry's success in North America is largely attributable to the region's abundance of clinical trials organisations and research labs. The pharmaceutical sector in North America is expected to develop at a rapid rate throughout the projected period due to a rise in R&D efforts. During the forecast period, the presence of stringent FDA rules for the packaging of goods and medications used in clinical trials is anticipated to drive regional clinical trials packaging market growth.
Asia Pacific region holds a substantial market share and is anticipated to grow at the fastest growth rate during the forecast period. The main drivers of the growth of the market throughout the projected period are an increase in R&D spending and a booming pharmaceutical sector in emerging nations like China, India, and Japan. Due to expanding government programmes, expanding contract manufacturing operations, and a rapidly ageing population, China topped the Asia Pacific market in 2021 and will continue to hold the top spot in the years to come.
Global Clinical Trial Packaging Market By Region, 2024-2031
- Largest
- Fastest
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Global Clinical Trial Packaging Market Dynamics
Clinical Trial Packaging Market Driver
- Due to recent changes made to the methods utilised in pharmaceutical industry's research and development as well as the growing need for cutting-edge products and cures, it is projected that the global market will grow. The emergence of issues related to the use of plastic is also driving the demand for glass bottles. It is anticipated that the growth of the global clinical trial packaging market would be significantly impacted during the anticipated period by rising prevalence of infectious disorders
- Epilepsy, cancer, diabetes, and other chronic microbial illnesses have become more common in recent years all across the world. Rising investments in medication manufacture and clinical studies are the outcome of this. The global market is anticipated to grow quickly due to the increasing number of clinical studies. The regional governments' support of medication research and development was crucial to the expansion of the worldwide market.
Clinical Trial Packaging Market Restraint
- One of the main factors limiting the growth of the global clinical trials packaging market is the governments' strict rules and laws. In an effort to fight pollution and cut carbon emissions, governments are attempting to decrease the usage of plastic. The development of environmentally friendly polymers, however, may enable the clinical trials packaging market to maintain its expansion over the course of the projection period.
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Global Clinical Trial Packaging Market Competitive Landscape
Global Clinical Trial Packaging Market is highly competitive and fragmented due to few major players. To increase their market share, the major companies in the international market are implementing a variety of business tactics, including mergers and acquisitions, expansions, and investments. Major players include Almac Group, Piramal Pharma Solutions, Clinical Supplies Management Holdings, Inc., Fisher Clinical Services, Inc. and others. These prominent players are focusing on R&D and new product development to stabilize their market share.
Clinical Trial Packaging Market Top Player's Company Profiles
- Corden Pharma
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Westrock Company
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Bilcare Limited
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Fisher Clinical Services
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PCI Pharma Services
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Almac Group
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Schreiner MediPharm
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Gerresheimer AG
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Mawdsleys Berlinger
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Stora Enso Oyj
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Thermo Fisher Scientific Inc.
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Wuxi Griffin Pharmaceutical Co., Ltd.
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WuXi AppTec
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Aphena Pharma Solutions
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Catalent, Inc.
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Berry Global, Inc.
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Nupharm Group
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Carton Service, Inc.
Clinical Trial Packaging Market Recent Developments
- In October 2022, leading provider of clinical trial supplies Myonex has completed the purchase of Berlin, Germany-based Hubertus Apotheke's clinical trial and packaging operations. The newly formed firm, Myonex GmbH, improves the company's footprint within the European Union and supports its recent expansion.
- In July 2022 Sharp, a global provider of contract packaging and clinical supply services, has partnered with ClinsChain, a company with operations in China, to increase its presence and capabilities there. To help Sharp's pharma and biopharma clients gain access to the Chinese market while also assisting Chinese innovators in expanding their global footprint, Sharp will work with ClinsChain, a company that specialises in providing clinical supply services for regional and international clinical trials.
Global Clinical Trial Packaging Key Market Trends
- Aseptic blow-fill-seal (BFS) technology is a method for forming plastic containers, filling them with sterile, filtered product, and sealing them in a continuous sequence of steps inside a sterile, controlled environment on a single machine. The blow-fill-seal method is a reliable, cutting-edge aseptic processing technique that has gained the respect of regulatory bodies throughout the world for the inherent advantages it offers over traditional aseptic manufacturing. The versatility in packaging design, cheap operating costs, and high level of sterility assurance that come with blow-fill-seal systems is unmatched. The devices demand a minimal amount of operational workers and a small amount of space. Due to the growing emphasis on biologics, proteins, and other complicated solutions in recent years, blow-fill-seal technology has attracted a lot of market attention. These crucial goods frequently cannot endure prolonged contact to high temperatures without the active ingredients degrading.
Global Clinical Trial Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Clinical Trial Packaging Market analysis, with the demand for cutting-edge products and treatments, it is projected that the global market will grow. The growth of the global market will be significantly impacted by rising prevalence of infectious disorders including cancer, HIV, and epilepsy. Clinical research study packaging frequently makes use of booklet labels and other packaging choices. The two primary market drivers are R&D and innovations in drug formulation. These booklet labels are anticipated to become more necessary in clinical studies in the near future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1079.09 million |
| Market size value in 2031 | USD 2199.06 million |
| Growth Rate | 8.21% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Clinical Trial Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Clinical Trial Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Clinical Trial Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Clinical Trial Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Clinical Trial Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Clinical Trial Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Clinical Trial Packaging Market Report Snapshots
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