Lewes, DE -- (SBWIRE) -- 06/29/2017 -- Report forecast the global clinical trials consumables market to grow at a CAGR of 5.81% during the period 2017-2021.

Clinical trials are research studies that are undertaken to test a drug or a medical device before it is launched in the market. The data generated from these studies help with the approval of the tested drug or medical device. In clinical trials, endpoints are the key results that are expected from the study. Inclusion and exclusion criteria are points that define the scope of the research study. Typically, clinical trials are segmented into five phases, and each phase is as critical as the other.

The report covers the present scenario and the growth prospects of the global clinical trials consumables market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of consumables to various end-users (government organizations, academic and research institutions, and university hospitals).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is increased funding of clinical trials. The global pharmaceutical market is witnessing a surge in the funding to clinical research to combat various rare diseases and to explore new therapies for existing diseases. This has resulted in increased budgets by regulatory authorities in the leading economies of the world.

Further, the report states that one of the major factors hindering the growth of this market is recruitment and retention of patients for clinical trials. Regulatory organizations across the world encourage pharmaceutical and biotechnology companies to develop drugs, biologics, and medical devices that either fulfill an unmet medical need or launch drugs that contain new chemical entities. These organizations grant market exclusivity to the company for the drug. This prevents other companies from submitting new applications for similar drugs.

Global Clinical Trials Consumables Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global clinical trials consumables market: Eppendorf, Merck Millipore, PerkinElmer, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: Agilent Technologies, Bellco Glass, CRYSTALGEN, Camlab, Reagecon, Sartorius, Spectrum Chemical, and VITLAB.

Market driver
- Increased funding of clinical trials
- For a full, detailed list, view our report

Market challenge
- Recruitment and retention of patients for clinical trials
- For a full, detailed list, view our report

Market trend
- Outsourcing of drug discovery and clinical trial processes
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages "Global Clinical Trials Consumables Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by product type, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Please visit this link for more details: http://www.marketresearchreports.com/technavio/global-clinical-trials-consumables-market-2017-2021

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