Demand for clinical trial packaging is witnessing growth on account of a number of factors including growing investment in healthcare, focus on effective packaging, and increasing emphasis on effective waste disposal
Albany, NY -- (SBWIRE) -- 04/17/2018 -- A new research report titled, "Clinical Trial Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the global clinical trial packaging market is projected to grow at nearly 7% CAGR through 2025.
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The report offers a comprehensive qualitative and quantitative insights on the global clinical trial packaging market. A thorough assessment on the drivers, restraints, opportunities, and trends has been included in the report for the perusal of the readers. The leading companies operating in the market have been diligently profiled, and their strengths, weaknesses, opportunities, and threats have been analyzed.
According to the report, demand for clinical trial packaging is witnessing growth on account of a number of factors including growing investment in healthcare, focus on effective packaging, and increasing emphasis on effective waste disposal. The growth of the healthcare industry in developing regions is likely to provide an impetus to the clinical trial packaging market during the assessment period.
The report includes a detailed segment-wise analysis that studies the market on the basis of key regions, product types, and application. On the basis of region, the market has been segmented into North America, Asia Pacific, Middle East & Africa (MEA), Latin America, and Europe. By product type, the key segments include syringes, bottles, blisters, tubes, vials & ampoules, and kits or packs. According to the report, demand for bottles continues to remain robust, and the status quo is likely to remain unchanged during the assessment period.
By end use, the key segments in the market include drug manufacturing, research laboratories, and clinical research organizations. Among these segments, research laboratories segment is likely to witness steady growth during the assessment period. The report projects this segment to grow at a CAGR of over 7% during the forecast period.
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North America continues to be one of the leading markets for clinical trial packaging globally. The demand for clinical trial packaging in North America is likely to remain concentrated in the US. On account of robust demand in the US, the North America is likely to account for over 50% revenue share of the market. In terms of CAGR, the North America clinical trial packaging market is projected to grow at over 7% CAGR during the assessment period.
Some of the key companies profiled in the report include PAREXEL International Corporation, Fisher Clinical Services, The Coghlan Group, Mawdsley-Brooks & Co. Ltd, Piramal Enterprises Ltd, Sharp Clinical Services, Inc, Corden Pharma GmbH, Bilcare Limited, Westrock Company, Sentry BioPharma Services, PCI Pharma Services, NextPharma Technologies, Almac Group Limited, Xerimis Inc, WuXi AppTec, Pharmaterials Ltd, Körber Medipak Systems AG, DMB Consultancy.
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