Clinical Trial Supplies Market - by Products & Services & Therapeutic Areas
The report Clinical Trial Supplies Market provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies imp
Pune, India, October 5, 2015 (Newswire.com) - The clinical trial supplies market is fragmented in nature due to the presence of a few large players and several small players. The prominent players in the clinical trial supplies market include Almac Group LTD (U.K.), Catalent Pharma Solutions, Inc. (U.S.), KLIFO A/S (Denmark), Movianto (Germany), PCI Services (U.S.), Patheon, Inc. (U.S.), PAREXEL International Corporation (U.S.), Sharp Packaging Services (U.S.), Biocair (U.K.), and Thermo Fisher Scientific, Inc. (U.S.)
Almac Group LTD (U.K.) is expected to dominate the clinical trial supplies market in 2015. The company focuses on organic growth strategies for enhancing its market position. In March 2014, Almac expanded its clinical services and technological capabilities in Asia. The company established regional hubs in Singapore and Japan to meet the industry’s growing need to conduct clinical trials in Asia.
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The key strategies followed by most companies in the clinical trial supplies market are expansions; new product and service launches; acquisitions; and partnerships, agreements, collaborations, and joint ventures. The strategy of expansions accounted for the largest share of the overall growth strategies mapped from 2012 to 2015. Some of the leading players that adopted this strategy include Almac Group LTD (U.K.), Catalent Pharma Solutions, Inc. (U.S.), PCI Services (U.S.), Patheon, Inc. (U.S.), PAREXEL International Corporation (U.S.), Sharp Packaging Services (U.S.), Biocair (U.K.), and Movianto (Germany). Agreements, partnerships, collaborations, and joint ventures accounted for the second-largest share of the overall growth strategies adopted by players in this market.
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