Global Clinical Logistics Market: Country Overview; Recent Events; Value Chain Analysis; Production Process; Price Analysis; Indicator Analysis; Market Dynamics: Drivers & Constraints, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2024-2032

Clinical Logistics Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Clinical Logistics market reached a value of about USD 18.3 billion in 2021. The industry is projected to grow at a CAGR of around 6.8% in the forecast period of 2022-2027 to reach a value of about USD 27.2 billion by 2027.

The global Clinical Logistics industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rise in chronic ailments and increasing clinical trials drive the market's growth. North America is the highest category spender by region that drives the demand for the Clinical Logistics industry.

Industry Definition and Segmentation

Clinical logistics comprises Pharmaceuticals, medical and surgical supplies, medical devices and equipment, and other things needed to assist doctors, nurses, and other health and dental care providers. The Clinical Logistics industry report comprises segments by region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North American Region is Driving the Growth of the Industry

North America holds the largest share in the industry due to the concentration of the pharmaceutical research industry. Furthermore, an increase in the number of clinical trials done by pharmaceutical companies and many market participants is also driving the industry's growth. Also, many research and development projects in advanced health care infrastructure, medication discovery, and the existence of clinical trial organisations around the world are likely to propel the region's development.

The industry is being aided by the rising number of chronic diseases paired with the need to develop effective treatments. Furthermore, the increasing illness complexity, and growing investment in the drug research industry, are expected to drive market expansion. In addition, the importance of fast-track assistance in the medical field and lowering distribution costs by creating a single distribution route is piqueing interest in clinical trial logistics, thus resulting in the market's expansion. Other factors, including the industry's highly regulated structure, globalisation of clinical trials, and an increase in the number of temperature-sensitive product tests, are likely to impact the market positively.

However, factors such as the high initial cost and need for a qualified crew limit the entry of new entrants, thus acting as a market restraint.

Best Procurement Practices

The global Clinical Logistics industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Clinical Logistics regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

Clinical Logistics is a contract research organisation that assists multinational pharmaceutical and biotech companies execute clinical trials. The services provide specimen collection supplies, create bespoke specimen identification labels and kits, and coordinate, manage, and track specimen transportation. Large biopharmaceutical companies employ clinical logistics organisations (CLOs) and fledgling pharma/biotech companies to maintain the smooth flow of shipments and information and reduce waste and inefficiencies in the worldwide supply chain. Successful CLOs must leverage cutting-edge information, inventory, temperature control, and other technology systems to deliver clinical trial materials on time and within specifications to anywhere in the world.

Innovations in the Sector, Further Boosting the Clinical Logistics Market

The market is witnessing growth due to the developments in the sector like smart packaging solutions, such as active and passive thermo-regulated items, guarantee that shipments stay within appropriate temperature ranges while en route and in storage, protecting the shipment's contents is propelling the industry forward. Furthermore, the introduction of new delivery methods, like SENTRY and other GPS-enabled devices, track a shipment's location and condition in real-time, including motion, shock, battery life, and light exposure, and send SMS notifications if there are any deviations or excursions are expected to create new market opportunities. Also, the expanding R&D spending and the number of clinical trials being undertaken internationally paired with the adoption of new technologies in supply chain management by Pharmaceutical and biopharmaceutical companies are likely to drive the market's development.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Clinical Logistics Industry Report

• Deutsche Post AG
• Rhenus SE & Co. KG
• Schenker AG
• Ceva Logistics B.V
• Kuehne + Nagel Management AG

Market Landscape

Intending to strengthen their services, market participants are executing various strategic initiatives, such as new partnership agreements, collaborations, and geographic growth. Moreover, the Logistics businesses are developing strategic alliances with healthcare organisations for improved distribution channels and better reach to clients and outsourcing clinical trial logistics exercises to CROs to increase net revenues and expand the item portfolio to new business sectors.

Key Initiatives by Companies

• Paraxel announced the opening of a new clinical trial supplies depot in China in July 2021 to assist clinical sites and patients in receiving supplies and medications more quickly since China remains an important growing market for clinical trials and Parexel.
• Enhancement, June 2020. FedEx improves its clinical trial and logistics supply chain solutions to fight against the covid pandemic.