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

Q: What is the global market size of Clinical Trial Packaging Market?

Global Clinical Trial Packaging Market size was valued at USD 1079.09 million in 2021 and is poised to grow from USD 1169.76 million in 2022 to USD 2199.06 million by 2030, growing at a CAGR of 8.21% in the forecast period (2023-2030).

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.

Global Clinical Trial Packaging Market Report Snapshots

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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. 'Corden Pharma', ' Westrock Company ', ' Bilcare Limited ', ' Sharp Packaging Services ', ' Fisher Clinical Services ', ' PCI Pharma Services ', ' Almac Group ', ' Schreiner MediPharm ', ' Gerresheimer AG ', ' Mawdsleys Berlinger ', ' Stora Enso Oyj ', ' Thermo Fisher Scientific Inc. ', ' Wuxi Griffin Pharmaceutical Co., Ltd. ', ' WuXi AppTec ', ' Reed-Lane, Inc. ', ' Aphena Pharma Solutions ', ' Catalent, Inc. ', ' Berry Global, Inc. ', ' Nupharm Group ', ' Carton Service, Inc. '

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

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.

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.

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Global Clinical Trial Packaging Market Insights

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