Clinical Trial Supplies 2017 Market Clinical Trial Supplies Market - Global Industry A | Page 2

in the market. However, shortage of trained professionals and lack of infrastructure
are expected to hamper the growth of the market.
North America accounted for the largest share of the clinical trial supplies market
due to high number of research and development activities in the area of drug
discovery, advanced health care infrastructure, and presence of multinational
pharmaceutical and biotechnology companies that carry out clinical trials. Europe
accounted for the second largest share in terms of revenue owing to high health
care investment and rising government funding. Asia Pacific is also witnessing
significant growth due to rising unmet health care needs and increased government
funding to research activities. Moreover, major pharmaceutical companies are
outsourcing their drug development services to various countries such as China,
Singapore, Malaysia, and India, which is propelling the growth of the clinical trial
supplies market in the region. Middle East and Latin America are expected to be the
prospective markets due growing access to information, high cancer burden,
improving patient education, and access to new drugs for research centers.
However, long timeline for regulatory approval, lack of training, lack of economic
investment, and lack of personnel participating in clinical research in Latin America
and Middle East are expected to restrain the clinical trial supplies market.
Key players operating in the clinical trial supplies market are Alamc Group Ltd.,
Amatsigroup, ADAllen Pharma, Durbin plc, Biocair, Catalent Pharma Solutions, Inc.,
KLIFO A/S, Movianto, Rubicon Research Pvt. Ltd., PCI Services, Patheon, Inc.,
PAREXEL International Corporation, and Sharp Packaging Services.
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