Global Clinical Trials Consumables Market 2017-2021

Clinical trials consumables market forecast

According to the clinical trials consumables market overview, the global clinical trials consumables market will grow steadily at a CAGR of around 6% by 2021. This market research analysis identifies the increased funding for clinical trials as one of the primary growth factors for this market. Increased investment is being observed in the pharmaceutical market and in clinical research to explore new cures for existing diseases and to overcome rare diseases. This increase in R&D investments results in the expansion of facilities in fields such as clinical research, microbiology, and pharmaceutical research, that are the primary end-users of clinical trials consumables. This will consequently contribute to the growth of the clinical trials consumables market.

Clinical trials consumables market trends

Owing to the increasing focus of the pharmaceutical companies on R&D activities and drug discovery, the companies find it cost-effective to outsource various clinical processes to research laboratories since the outsourcing process minimizes the risk for companies. The high number of tests conducted increases the number of consumables used since consumables is integral to the drug discovery process as they are used for storage, testing, and transfer. This increasing outsourcing of the drug discovery and clinical trial process will be one of the key clinical trials consumables industry trends responsible for the growth of the market.

Clinical trials consumables market: Competitive landscape and key vendors

The market is highly competitive due to the presence of a few key vendors and numerous medium and small-sized vendors. The vendors expand their product portfolio and their end-user base through the launch of innovative products and by offering attractive discounts. The key vendors dominate the market due to the implementation of effective business models and consistent revenues and they focus on acquiring companies that offer innovative technologies and have an efficient supply chain and distribution network.

The leading vendors in the clinical trials consumables market

• Eppendorf
• Merck Millipore
• PerkinElmer
• Thermo Fisher Scientific

The other prominent vendors in the market are Agilent Technologies, Bellco Glass, CRYSTALGEN, Camlab, Reagecon, Sartorius, Spectrum Chemical, and VITLAB.

Clinical trials consumables market segmentation by product type

• Plastic labware
• Lab glassware

The innovative marketing strategies adopted by vendors and the easy availability of plastic labware through both the online and retail channels will result in the dominance of the clinical trial consumables market by the plastic labware segment. The use of plastic labware provides various benefits such as low maintenance cost and ease of handling. Additionally, the easily disposable nature of plastic labware and its ability to prevent contamination will also drive the growth of this segment.

Clinical trials consumables market segmentation by end-user

• Pharmaceutical and biotechnology companies
• Contract Research Organizations (CROs)

Owing to the increasing need for advanced clinical studies, the increasing investment in the pharmaceutical industry and the high number of drugs that are in the pipeline and clinical development phases, the pharmaceutical and biotechnology companies will be the major end-users to the clinical trials consumables market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global clinical trials consumables market?
• What are the key market trends impacting the growth of the global clinical trials consumables market?
• What are the challenges to market growth?
• Who are the key vendors in the global clinical trials consumables market?
• What are the market opportunities and threats faced by the vendors in the global clinical trials consumables market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global clinical trials consumables market?

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