Global Clinical Trial Supplies Market Databank
The Clinical Trial Supplies market was valued at $2,090.0 Million in 2020, and is projected to reach $3,991.9 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Pharmaceutical segment is expected to be the highest contributor to this market, with $971.6 Million in 2020, and is anticipated to reach $1,851.1 Million by 2029, registering a CAGR of 7.47%. Medical device segment is anticipated to reach $959.0 Million by 2029 with the highest CAGR of 7.58%. Pharmaceutical and Medical device segments collectively expected to account for about 70.4% share of the Clinical Trial Supplies market in 2020, with the former constituting around 46.5% share. Medical device and Biologics segments are expected to witness significant growth rates at a CAGR of 7.58% and 7.53% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 38.4% in the overall Clinical Trial Supplies market in 2020, and is anticipated to reach 38.6% by 2029.
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