The clinical trial materials and supplies market is expected to grow at a CAGR of 6% from 2019 to reach $25.9 billion by 2025.
Clinical trials have a vigorous supply chain management of the drugs considering the stringency of the regulations and the availability of the infrastructure for the efficient execution. The drug manufacturers and CROs have begun to outsource their logistics and material supply services to the third party for efficient functioning of the clinical trials. This has integrated the third-party vendors into the clinical trial development.
Here are the top 10 companies operating in Clinical Trial Materials and Supplies Market –
Thermo Fisher Scientific Inc.
Founded in 1960 and headquartered in Massachusetts, U.S., Thermo Fisher Scientific Inc. manufactures scientific instruments, consumables, and chemicals. The company offers its products to various industries such as pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies. It also offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to these industries.
Thermo Fisher Scientific’s Patheon and Fisher Clinical Services cumulatively provide industry-leading pharma services solutions for drug development, clinical trial logistics, and commercial manufacturing to the customers. The company also provides integrated, end to end capabilities across all phases of development such as API, biologics, formulation, clinical trials solutions, logistics services, and commercial manufacturing. The company also offers integrated services for drug development that aligns development of drug substance and drug product in a coordinated drive toward proof of concept that can reduce development timelines.
Founded in 2011 and headquartered in New Jersey, U.S., Capsugel Inc. manufacturers a wide range of dosage forms for the biopharmaceutical and consumer health & nutrition industries. The clinical trial materials and supplies market is served through the biopharmaceuticals segment. The company was acquired by the Lonza group in 2017, thus expanding the market reach of both the companies’ contract development and manufacturing organization (CDMO) and products businesses.
The company has its manufacturing sites in 13 different locations and 3 research units which include U.S., Mexico, Brazil, Canada, France, Switzerland, Scotland, Russia, Thailand, Indonesia, Japan, China, India, and Australia.
Parexel International Corporation
Founded in 1983 and headquartered in Massachusetts, U.S., Parexel International Corporation is a biopharmaceutical service company which provides contract research, consulting, medical communications, and technology solutions. The company provides services in the fields of pharmaceutical, biotechnology, and medical device industries. In June 2017, Parexel International Corporation underwent a definitive agreement with Pamplona Capital Management, LLP, an investment company and hedge fund sponsor.
The company offers study locations in various countries like U.S., U.K., and Germany.
Eurofins Scientific Inc.
Founded in 1987 and headquartered in Iowa, U.S., Eurofins Scientific Inc. manufactures analytical testing products and also serves various industries globally. It also provides laboratory clinical services and offers a range of testing and support services to pharmaceutical, food, environmental, and consumer products industries. The company serves the clinical trial materials and supplies market by providing services in the clinical trial logistics space globally.
The company has an international network of more than 800 laboratories across 47 countries in Europe, North America, South America, and Asia Pacific.
Almac Group Ltd
Founded in 2001 and headquartered in the U.K., Almac Group Ltd manufactures medical and pharmaceutical products which include companion diagnostics, prognostics tests, drug repositioning, cell line modeling, and cancer technology. The company operates in the clinical trial materials and supplies market by provides clinical services for supply, distribution, storage, packaging of the products required in clinical trials.
The company operates in the clinical services from locations like the U.S., U.K., Singapore, Japan, and Ireland.
A report into the projected growth of the current Clinical Trial Materials and Supplies Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 6%, reaching over $25.9 billion.
Founded in 2007 and headquartered in New Jersey, U.S., Catalent Inc. provides delivery technologies and development solutions for drugs, biologics, and consumer health and beauty products. The company operates in clinical trial materials and supplies market by offering clinical services for manufacturing, primary and secondary packaging, distribution and logistics, cold chain services, and clinical returns.
The company has its facilities in various countries including the U.S., U.K., Germany, China, Japan, and Singapore.
Intertek Group PLC
Incorporated in 2002 and headquartered in Illinois, U.S., Intertek Group PLC provides testing and inspection services by offering analytical laboratory testing, chemical analysis, laboratory outsourcing, cargo custody transfer inspection, product quality, field auditing, and inventory loss control services. The company operates in the clinical trial materials and supplies market by providing services for GMP and CMC services.
The company operates in various countries, including the U.S., Canada, France, Mexico, India, and China, among others.
Mayne Pharma Group Ltd.
Founded in 1980 and headquartered in South Australia, Mayne Pharma Group Ltd. is a specialty pharmaceutical company focused on applying drug delivery expertise to commercialize branded and generic pharmaceuticals. The company manufactures branded generics, specialty generics, and active pharmaceutical ingredients. It operates in the clinical trial materials and supplies market through a subsidiary named Metrics Contract Services and offers advanced delivery methods for controlled release, bioavailability enhancement, and taste masking. Metrices Contract Services is a full-service contract development and manufacturing organization (CDMO) that specializes in oral-dosage forms. The company provides services like quality pharmaceutical formulation development, analytical testing, and commercial manufacturing.
The company operates through its 2 different facilities in the U.S. and Australia.
Biocair International Ltd.
Founded in 1986 and headquartered in Cambridge, U.K., Biocair International Ltd. provides courier and logistics services to pharmaceutical, biotechnology, and life sciences sectors. The company operates on client centric approach focused on providing comprehensive service options available while delivering flexible, tailored, and cost-effective logistics solutions to all clients. It also offers door-to-door shipments, documentation and labeling, bespoke logistics, domestic road transportation, specimen management and storage, and packaging services to its customers.
The company has its geographic presence in Europe, Africa, Asia and the Americas.
Founded in 1994 and headquartered in Stockholm, Sweden; Recipharm AB is a contract development and manufacturing organization. The company manufactures solid doses, granulates and powders, sterile liquids and lyophilizates, semi solids, hormones, oral liquids, sprays, and dry powder inhalers.
The company operates through various locations which include France, Portugal, Germany, India, Italy, Israel, Sweden, the U.K., and the U.S., among others.
Popular Mentions: Avomeen Analytical Services Inc., and Bilcare Inc.
Authoritative Research on the Clinical Trial Materials and Supplies Market – Global Opportunity Analysis and Industry Forecast (2019-2025)
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- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
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