Colombia Clinical Trial Supply & Logistics Market Size & Outlook
Colombia clinical trial supply & logistics market, 2018-2030 (US$M)
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Colombia clinical trial supply & logistics market highlights
- The Colombia clinical trial supply & logistics market generated a revenue of USD 35.2 million in 2023 and is expected to reach USD 53.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, logistics & distribution was the largest revenue generating service in 2023.
- Logistics & distribution is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial supply & logistics market data book summary
| Market revenue in 2023 | USD 35.2 million |
| Market revenue in 2030 | USD 53.9 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Logistics & distribution |
| Fastest growing segment | Logistics & distribution |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Logistics & distribution, Storage & retention, Packaging, labeling and blinding, Manufacturing, Comparator sourcing, Other services (solutions, ancillary supply) |
| Key market players worldwide | Thermo Fisher Scientific Inc, Catalent Inc, PAREXEL, Almac Group, Piramal Pharma Solutions, DHL Group, FedEx Corp, UDG Healthcare, Marken, Walden Group, PCI Pharma Services |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.9% of the global clinical trial supply & logistics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil clinical trial supply & logistics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 126.3 million by 2030.
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Clinical Trial Supply & Logistics Market Scope
Clinical Trial Supply & Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia clinical trial supply & logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical trial supply & logistics market will help companies and investors design strategic landscapes.
Logistics & distribution was the largest segment with a revenue share of 25.28% in 2023. Horizon Databook has segmented the Colombia clinical trial supply & logistics market based on logistics & distribution, storage & retention, packaging, labeling and blinding, manufacturing, comparator sourcing, other services (solutions, ancillary supply) covering the revenue growth of each sub-segment from 2018 to 2030.
For over 25 years, clinical trials have been conducted in Colombia, and it is one of the best destinations for clinical trials, along with Brazil, Argentina, Mexico, and Peru. However, majority of the country’s clinical research sites do not have direct contact with foreign manufacturers, especially with startup players that need to perform early stage (phase I) trials for new pharmaceutical molecules.
Large number of clinical trials are sponsored by players that discover or manufacture such medical products so that they can be approved for commercialization by regulatory bodies in markets where they seek to conduct business.
The company is able to provide medical devices and biopharmaceutical industries with high enrollment rate, competitive costs, regulatory efficiency by Instituto Nacional de Vigilancia de Medicamentos (INVIMA), highly qualified & motivated bilingual researchers, and ideal geographical area with direct and fast airline connectivity from prime centers of innovation in Europe. and the U.S.
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Target buyers of Colombia clinical trial supply & logistics market databook
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Our clientele includes a mix of clinical trial supply & logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia clinical trial supply & logistics market , including forecasts for subscribers. This country databook contains high-level insights into Colombia clinical trial supply & logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia clinical trial supply & logistics market size, by service, 2018-2030 (US$M)
Colombia Clinical Trial Supply & Logistics Market Outlook Share, 2023 & 2030 (US$M)
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