U.S. Clinical Trial Supply & Logistics Market Size & Outlook
U.S. clinical trial supply & logistics market, 2018-2030 (US$M)
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U.S. clinical trial supply & logistics market highlights
- The U.S. clinical trial supply & logistics market generated a revenue of USD 1,266.6 million in 2023 and is expected to reach USD 2,086.7 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, 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 1,266.6 million |
| Market revenue in 2030 | USD 2,086.7 million |
| Growth rate | 7.4% (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, U.S. accounted for 33.6% 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 North America, U.S. clinical trial supply & logistics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 286.7 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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U.S. 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 25.34% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. clinical trial supply and logistics market is anticipated to witness significant growth rate over the forecast period. The U.S. is the hub for operation of major players in supply and logistics market such as Labcorp Drug Development, PAREXEL International Cooperation, Thermo Fisher Scientific, Inc., and Marken.
Moreover, it has strong infrastructure, availability of necessary funds, and the ability to adapt to advance technology. In the past few years, a trend has been observed of shifting clinical trials site outside the U.S., which significantly reduces the cost. Furthermore, wide variation in diseases can be observed in population of other countries in comparison with the U.S.
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Target buyers of U.S. 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 U.S. clinical trial supply & logistics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. clinical trial supply & logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. clinical trial supply & logistics market size, by service, 2018-2030 (US$M)
U.S. Clinical Trial Supply & Logistics Market Outlook Share, 2023 & 2030 (US$M)
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