Saudi Arabia Clinical Trial Supply & Logistics Market Size & Outlook
Saudi Arabia clinical trial supply & logistics market, 2018-2030 (US$M)
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Saudi Arabia clinical trial supply & logistics market highlights
- The Saudi Arabia clinical trial supply & logistics market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 7.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.9% 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 5.0 million |
| Market revenue in 2030 | USD 7.5 million |
| Growth rate | 5.9% (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, Saudi Arabia accounted for 0.1% 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 Middle East & Africa, South Africa clinical trial supply & logistics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.2 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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Saudi Arabia 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 26% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Major factors boosting growth of this market include ease in patient recruitment and availability of low cost clinical resources & qualified investigators. The regulatory approval process in the country is faster than that in countries such as India, China, and Brazil.
Prevalence of different kinds of diseases also makes the country an advantageous destination for clinical trial supply and logistics.
Presence of key players, such as PAREXEL International Corporation, and increase in the number of clinical trials are among factors expected to boost competition and expand the market for clinical trial supply and logistics.
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Target buyers of Saudi Arabia 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 Saudi Arabia clinical trial supply & logistics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia clinical trial supply & logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia clinical trial supply & logistics market size, by service, 2018-2030 (US$M)
Saudi Arabia Clinical Trial Supply & Logistics Market Outlook Share, 2023 & 2030 (US$M)
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