Clinical Trial Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Clinical Trial Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

The demand for clinical trial packaging has witnessed an uptick in the recent past. The functionality and usability of clinical trial packaging differs from commercial packaging to a great extent. Increase in the number of clinical trials is creating is influencing the clinical trial packaging market. In-depth study and research has been undertaken to analyze possible ways for designing to minimize risk of product damage during shipment. Compared to commercial packaging, clinical trial packaging are least market facing so the aesthetics on packaging will be completely omitted. 

Traditionally, pharmaceutical companies have been reluctant in investing in clinical trial packaging, as only a small percentage of drugs have reached the commercialization stage. Since clinical trial packaging is used for medicines which are yet not commercialized, and it is to be taken under necessary guidelines, therefore, there is an additional responsibility to concern manufacturer of the package in such a manner which can be used as tool to drive patient adherence and make them aware frequently to take the dosage correctly and the repercussion of not following the protocol correctly. In the near future, to increase compliance of patient’s clinical trial packaging will be intrigued with smart packaging technologies. 

Clinical Trial Packaging Market: Drivers & Restraints 

Incurable diseases and viruses across globe are on rise, pharmaceutical companies are constantly engaging for cures for various diseases, government investments and funds are being allotted for find cures, willingness of patients to undergo clinical trial are few of the factors which will boot the demand for clinical trial packaging. Considering the rise in clinical trials for cures and investments by pharmaceutical industries for invention of new drugs and breakthrough in cures restraints for clinical trial packaging is bleak. 

Clinical Trial Packaging Market: Market Segmentation 

Based on type, the clinical trial packaging market can be segmented as follows: 

  • Primary Packaging : HDPE (High-density polyethylene) bottle and cap
  • Secondary Packaging : Kit or Pack 

Based on treatment, clinical trial packaging can be segmented as follows: 

  • Oral
  • Injections 

Based on end users, the clinical trial packaging market can be segmented as follows

  • Hospitals
  • Clinics 

Clinical Trial Packaging Market: Regional Outlook 

Based on geography, the clinical trial packaging market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America and Rest of the World. Out of these regions, North America holds the clinical trial packaging market followed by Europe. The major factors which have leading position in propelled the growth of this market in these regions are rising invention of drug for various diseases such as cancer and HIV. Asia Pacific is developing at a very steady rate and is one of the most promising markets for the growth of clinical trial packaging market. The factors which have accentuated the growth of this market in Asia Pacific are increasing incidences of rising diseases such as dengue, tuberculosis, encephalitis etc. whose permanent cure is yet to be discovered. Furthermore, increasing disposable incomes of the population, easy market penetration, favorable government policies in Asian countries would most likely fuel the growth of clinical trial packaging market during the forecast period. 

The clinical trial packaging market is expected to offer lucrative opportunities to manufacturers owing to increasing prevalence of chronic diseases. Some of the key players in clinical trial packaging include WuXi AppTec, Fisher Clinical Services, Inc., Almac Group Catalent, Inc, Pharmaterials Ltd, PCI, Schreiner MediPharm, Sanofi, Sharp Packaging Services, The Coghlan Group, Rubicon Research Pvt. Ltd., Almac and MWV.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Have query on this report?

Make an Enquiry

Success Stories

Our Clients