Global Clinical Trial Supply and Logistics Market 2015-2019
About Clinical Trial and Supply Logistics
Clinical trial companies, also known as contact manufactures or CROs, offer development and research, and manufacturing services on a contract basis to pharmaceutical and biotechnology vendors as well as government institutions, foundations, and universities. The clinical trial industry uses outbound logistics for the complete management of the way resources are acquired, stored, and moved to different end- users or markets. The use of inbound logistics helps the clinical trial industry have a continual supply of drugs, equipment, and devices from suppliers and distributors in different locations.
Technavio's analysts forecast the global clinical trial supply and logistics market to grow at a CAGR of 8.87% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global clinical trial and supply logistics market for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. It also provides data on the different segments of the global clinical trial and supply logistics market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio's report, the global clinical trial supply and logistics market 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA and APAC; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.Key Regions
Technavio Announces the Publication of its Research Report – Global Clinical Trial Supply and Logistics Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Clinical Trial Supply and Logistics Market: Deutsche Bahn, DHL, FedEx and UPS
Other Prominent Vendors in the market are: Agility, Air Canada Cargo, Avinex Ukr, Biocair International , Biotec Services International, CEVA, Cold Chain technologies , Continental Air Cargo, CSafe Global , Helapet, Igloo Thermo-Logistics, Kerry Logistics, Kuehne + Nagel International, L&M Transportation Services, LifeConEx, Marken, Nordic Cold Storage, Panalpina World Transport, Sofrigam, TNT Express, UTi Pharma and VersaCold
Commenting on the report, an analyst from Technavio’s team said: “Customers are increasingly opting for biopharmaceutical drugs rather than chemical pharmaceutical drugs for the treatment of some diseases such as diabetes, cancer, and genetic diseases because biopharmaceutical drugs offer several advantages. For instance, they are highly effective and potent and tend to have fewer side effects. Also, they have the potential to cure diseases rather than merely treat the symptoms. Therefore, the increase in the demand for biopharmaceutical drugs and the increase in the R&D activity of the biopharmaceutical companies will lead to a rise in demand for cold chain logistics services for the shipment and storage of these drugs.”
According to the report, the global clinical trial supply and logistics market is primarily driven by the increased demand for outsourced clinical services. CROs help to offset the high cost of the development of new therapies. Companies in developed countries aggressively seek to reduce costs, defer or limit future investments, and realign operating models with lower revenue levels. Thus, the economic conditions in developed countries are expected to drive the demand for outsourcing services. For instance, Merck along with Advinus Therapeutics outsourced the R&D of its drugs for metabolic disorders, namely, Orchid Pharma for antibacterial compounds and Piramal for oncology drugs.
Further, the report states that one of the challenges is inefficient product labeling, which can lead to the mishandling of products during transportation because of the unavailability of product details such as temperature and manufacturing specifications.
Deutsche Bahn, DHL, FedEx, UPS, Agility, Air Canada Cargo, Avinex Ukr, Biocair International , Biotec Services International, CEVA, Cold Chain technologies , Continental Air Cargo, CSafe Global , Helapet, Igloo Thermo-Logistics, Kerry Logistics, Kuehne + Nagel International, L&M Transportation Services, LifeConEx, Marken, Nordic Cold Storage, Panalpina World Transport, Sofrigam, TNT Express, UTi Pharma, VersaCold
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