COVID-19 Impacts: Clinical Trial Packaging Market will Accelerate at a CAGR of over 4% through 2020-2024 | Advent of AI in Clinical Research to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#ClinicalTrialPackagingMarket–Technavio has been monitoring the clinical trial packaging market and it is poised to grow by USD 667.92 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request the Latest Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What is the year-over-year growth of the clinical trial packaging market in 2020?
  As per Technavio, the year-over-year growth of the market is 4.13% in 2020.
• At what rate is the market projected to grow during the forecast period 2020-2024?
  Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period.
• What is the key factor driving the market?
  Advent of AI in clinical research.
• Who are the top players in the market?
  Bilcare Ltd., Caligor Coghlan Pharma Services, Corden Pharma International GmbH, Mawdsley-Brooks & Co. (Read more…) Ltd., PCI Pharma Services, Piramal Enterprises Ltd., Sentry BioPharma Services, Sharp, The WestRock group, and Thermo Fisher Scientific Inc. are the top players in the market.
• Which region is expected to hold the highest market share in the market?
  North America.
• What is the major trend for the clinical trial packaging market?
  Increasing outsourcing activities to CROs.
• Based on segmentation by end-user, which segment is expected to witness the fastest growth in the global market?
  Pharmaceutical companies.

The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period. Bilcare Ltd., Caligor Coghlan Pharma Services, Corden Pharma International GmbH, Mawdsley-Brooks & Co. Ltd., PCI Pharma Services, Piramal Enterprises Ltd., Sentry BioPharma Services, Sharp, The WestRock group, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The advent of AI in clinical research has been instrumental in driving the growth of the market. However, the increased chances of drug failure might hamper market growth.

Clinical Trial Packaging Market 2020-2024: Segmentation

Clinical Trial Packaging Market is segmented as below:

• End-user
  • Pharmaceutical Companies
  • Other Organizations
• Geographic Landscape
  • Asia
  • Europe
  • North America
  • ROW

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Clinical Trial Packaging Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our clinical trial packaging market report covers the following areas:

• Clinical Trial Packaging Market size
• Clinical Trial Packaging Market trends
• Clinical Trial Packaging Market industry analysis

This study identifies the increasing outsourcing activities to CROs as one of the prime reasons driving the clinical trial packaging market growth during the next few years.

Clinical Trial Packaging Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the clinical trial packaging market, including some of the vendors such as Bilcare Ltd., Caligor Coghlan Pharma Services, Corden Pharma International GmbH, Mawdsley-Brooks & Co. Ltd., PCI Pharma Services, Piramal Enterprises Ltd., Sentry BioPharma Services, Sharp, The WestRock group, and Thermo Fisher Scientific Inc. Backed with competitive intelligence and benchmarking, our research reports on the clinical trial packaging market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Clinical Trial Packaging Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist clinical trial packaging market growth during the next five years
• Estimation of the clinical trial packaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the clinical trial packaging market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of clinical trial packaging market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Value chain analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024
• Market outlook

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Pharmaceutical companies – Market size and forecast 2019-2024
• Other organizations – Market size and forecast 2019-2024
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• Asia – Market size and forecast 2019-2024
• ROW – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Advent of AI in clinical research
• Increasing outsourcing activities to CROs
• Increasing adoption of cloud technologies in pharmaceutical production and testing

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Bilcare Ltd.
• Caligor Coghlan Pharma Services
• Corden Pharma International GmbH
• Mawdsley-Brooks & Co. Ltd.
• PCI Pharma Services
• Piramal Enterprises Ltd.
• Sentry BioPharma Services
• Sharp
• The WestRock group
• Thermo Fisher Scientific Inc.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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