Germany Clinical Trial Supplies Market Size & Outlook
Germany clinical trial supplies market, 2018-2030 (US$M)
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Germany clinical trial supplies market highlights
- The Germany clinical trial supplies market generated a revenue of USD 142.7 million in 2023 and is expected to reach USD 228.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase III 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 142.7 million |
| Market revenue in 2030 | USD 228.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase III |
| 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, Germany accounted for 5.5% 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 Europe, UK clinical trial supplies market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 228.0 million by 2030.
Phase iii was the largest segment with a revenue share of 53.82% in 2023. Horizon Databook has segmented the Germany clinical trial supplies market based on phase i, phase ii, phase iii covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the major sites for clinical trials along with the UK in Europe. Advancements in technology and availability of high-quality clinical resources are some of the main factors responsible for the growth of this market.
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.
In 2014, PAREXEL International Corporation opened a new distribution center and coordination hub in Berlin, Germany to expand its access to European countries and provide support to clinical trials conducted in Germany.
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Clinical Trial Supplies Market Scope
Clinical Trial Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany clinical trial supplies market size, by phase, 2018-2030 (US$M)
Germany Clinical Trial Supplies Market Outlook Share, 2023 & 2030 (US$M)
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