Market revenue in 2023 | USD 259.5 million |
Market revenue in 2030 | USD 431.8 million |
Growth rate | 7.5% (CAGR from 2023 to 2030) |
Largest segment | Biorepository services |
Fastest growing segment | Biorepository Services |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Biorepository Services, Archiving Solution Services |
Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Biorepository services was the largest segment with a revenue share of 66.36% in 2023. Horizon Databook has segmented the Germany clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the major sites for clinical trial along with the UK in Europe. Advancements in technology and availability of high-quality clinical resources are some of the main factors responsible the market growth.
High overhead cost is a major challenge, hence, developing countries are being considered for this market. Clinical supplies providers such as PAREXEL International Corporation dominate the market..
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