Clinical Trial Supplies Market Trends, Segmentation and Future ScopeA Chapter by Markets InsightsThe global clinical trial supplies market size was valued at USD 1.7 billion in 2016 and is expected to grow at a CAGR of 7.3% over the forecast period.The global Clinical Trial
Supplies Market is expected to reach USD
3.3 billion by 2025, according to a new report by Grand View Research, Inc. The
market is expected to witness growth at 7.3% CAGR owing to Increasing volume of
clinical trial studies coupled with the growing complexity in conduction of
these trials are the primary driver of the industry. Furthermore, geographic
expansion and development of Information Technology (IT) to facilitate higher
integration and smooth performance of activities are other vitally impacting parameters.
Over the next eight years, the clinical trials and pharmaceutical industry is
anticipated to continue steady growth, thereby promoting the high requirement
of clinical trial supplies. U.S and Canada are home to majority of clinical
trials which are conducted in this region. No language barrier is one of the
major factor for the preference of this region for majority of clinical trials,
as English language is widely spoken in this region. Major CRO’s and
biopharmaceutical companies have their hub in this region and with advancement
in technology the demand for efficient supplies are increasing and the region
is expected to dominate the clinical trial supplies market over the forecast
period. Browse Details of Report @ Further Key Findings From the Study Suggest:
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Added on October 20, 2020 Last Updated on October 20, 2020 Tags: Clinical Trial Supplies Market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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