U.S. Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
U.S. clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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U.S. clinical trial biorepository & archiving solutions market highlights
- The U.S. clinical trial biorepository & archiving solutions market generated a revenue of USD 1,411.0 million in 2023 and is expected to reach USD 2,321.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, biorepository services was the largest revenue generating service in 2023.
- Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial biorepository & archiving solutions market data book summary
| Market revenue in 2023 | USD 1,411.0 million |
| Market revenue in 2030 | USD 2,321.4 million |
| Growth rate | 7.4% (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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 35.1% of the global clinical trial biorepository & archiving solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. clinical trial biorepository & archiving solutions market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,321.4 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the U.S. 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.
Increasing number of clinical trials and rising number of companies offering clinical trial biorepository & archiving solutions are among major factors driving the market growth in the U.S. For instance, according to clinicaltrials.gov., around 362,525 clinical trials were conducted in the U.S., as of 2020.
Major CROs such as Quintiles, Covance, Inc., and PAREXEL International Corporation are situated in this region, which is also a driving factor of clinical trial biorepository & archiving solutions market.
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Clinical Trial Biorepository & Archiving Solutions Market Scope
Clinical Trial Biorepository & Archiving Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)
U.S. Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)
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