Canada Clinical Trial Supplies Market Size & Outlook
Canada clinical trial supplies market, 2018-2030 (US$M)
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Canada clinical trial supplies market highlights
- The Canada clinical trial supplies market generated a revenue of USD 73.2 million in 2023 and is expected to reach USD 100.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
Clinical trial supplies market data book summary
| Market revenue in 2023 | USD 73.2 million |
| Market revenue in 2030 | USD 100.6 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III |
| Key market players worldwide | Almac Group, Catalent Inc, Waldencast PLC Class A, PCI Technology, Sharp Corp, Thermo Fisher Scientific Inc, PAREXEL, Marken, KLIFO, BioCair |
Other key industry trends
- In terms of revenue, Canada accounted for 2.8% of the global clinical trial supplies 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 supplies 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 2,105.8 million by 2030.
Phase iii was the largest segment with a revenue share of 52.32% in 2023. Horizon Databook has segmented the Canada clinical trial supplies market based on phase i, phase ii, phase iii covering the revenue growth of each sub-segment from 2018 to 2030.
Canada accounts for 4.0% of the total number of clinical trials and stands fourth in terms of clinical trial sites. Presence of an advanced health & education system, government support, and presence of a diverse population are among the main factors driving the growth of clinical trial supplies market.
Major biopharmaceutical companies conduct clinical trials in Canada, which makes the country a lucrative market for players operating in clinical trial supplies market. These factors are expected to drive growth of clinical trial supplies market in the country.
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Clinical Trial Supplies Market Scope
Clinical Trial Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada clinical trial supplies market size, by phase, 2018-2030 (US$M)
Canada Clinical Trial Supplies Market Outlook Share, 2023 & 2030 (US$M)
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