Clinical Trial Packaging Market By Packaging Type (Syringes, Vials & Ampoules, Bottles, Bags & Pouches, Others), By Material (Plastic, Glass, Metal, Paper, Corrugated Fiber), By End-user (Research Laboratories, Clinical Research Organizations, Drug Manufacturing Facilities): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global clinical trial packaging market was valued at $2,582.5 million in 2021, and is projected to reach $6,213.7 million by 2031, registering a CAGR of 9.1% from 2022 to 2031. Packaging of clinical trial equipment are the packing solutions integrated at the primary level, secondary level, and transportation level of packaging. Packaging plays a very crucial role, especially in case of medical devices. Moreover, it provides a protective layer and further offers convenient handling options. Third level packaging or transportation level packaging prevents any kind of goods in transit. Along with the protective layer, packaging keeps medical devices sterile and free from any kind of contamination. With the introduction of smart packing solutions, the packing industry has completely developed, which further propels the market growth.
Factors such as technological developments in the medical device industry, introduction of several advanced medical devices that require specialized packaging, and increased demand for innovative packaging solutions, owing to increase in production and supply of medical devices, medicines and drugs across the globe, which further drives the market growth. In addition, increase in spending on healthcare services, owing to rising health awareness also boosts the clinical trial packaging market growth.
However, strict rules & regulations imposed by governments across the globe hamper the global clinical trial packaging market. In addition, rise in need for sterile packaged, tamper-proof, and nonreactive products with great performance and reducing total cost of ownership boosts technological advancements in the global clinical trial packaging market, thereby creating huge opportunities for growth of the market during the forecast period.
The global clinical trial packaging market segmented on the basis of packaging type, material, end user, and region. On the basis of packaging type, it is classified into syringes, vials & ampoules, bottles, bags & pouches and others. By material, it is divided into plastic, glass, metal, paper, and corrugated fiber. By enduser, it is categorized into research laboratories, clinical research organizations, and drug manufacturing facilities. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global clinical trial packaging market include, Almac Group Limited, 3M Company, Bilcare Limited, Corden Pharma International, Thermo Fisher Scientific Inc., Mawdsley-Brooks & Co. Ltd., Parexel International Corporation, Piramal Enterprises Ltd., Sharp Services, LLC, Caligor Coghlan, Next Pharma Technologies Holding Limited, PCI Pharma Services, Sentry BioPharma Services, Westrock Company, Körber Medipak Systems AG, WuXi AppTec, and Xerimis Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the clinical trial packaging market analysis from 2021 to 2031 to identify the prevailing clinical trial packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the clinical trial packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global clinical trial packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Packaging Type
Syringes
Vials Ampoules
Bottles
Bags Pouches
Others
By Material
Plastic
Glass
Metal
Paper
Corrugated Fiber
By End-user
Research Laboratories
Clinical Research Organizations
Drug Manufacturing Facilities
By Region
North America
Mexico
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
3M
PAREXEL International Corporation
Fisher Clinical Services, Inc.
The Coghlan Group, Inc.
Mawdsley-Brooks & Co. Ltd
Piramal Enterprises Ltd
Sharp
Corden Pharma GmbH
Bilcare Limited
Westrock Company
Sentry BioPharma Services
PCI Pharma Services
NextPharma Technologies Holding Limited
Körber Medipak Systems AG
WuXi AppTec
Almac Group Limited
Xerimis Inc
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