Pharmacutical Clinical Trial Supply and Logistics Market | Page 2

REPORT DESCRIPTION
Clinical Trial Supply and Logistics Market – Overview
The global clinical trial supply and logistics market size was valued at US$ 14.95 Bn in 2017 and is
expected to witness a CAGR of 7.1% over the forecast period (2018 – 2026).
Quantity of ancillary supplies and diverse vendors to produce those supplies have significantly increased in
the market, owing to rising demand for developing and producing clinical supplies from end user
manufacturers or investigators for global studies in a cost-efficient manner. According to an article
published in the Applied Clinical Trials website, 2016, there are around 40,000 unique investigators
worldwide conducting at least one FDA-regulated clinical trial. Furthermore, increasing prevalence of
cancer across the globe is providing new opportunities for global biopharmaceutical research community,
and clinical trial supply and logistics management to bring the respective drug to the market sooner by
navigating the complex clinical & regulatory environment. According to the World Health Organization
(WHO), there were around 555,318 new cases of cancer in 2012 in the Middle East. The region is expected
to witness around 961,098 cases by 2030, which will be the highest number of cancer cases among other
regions in the world.