Report ID: SQMIG35B2071
Report ID:
SQMIG35B2071 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
121 |
Figures:
77
North America dominated the Global Clinical Trial Packaging Market share and accounted for approximately 50% global revenue share in 2021. It is expected to continue its dominance during the forecast period. The pharmaceutical industry's success in North America is largely attributable to the region's abundance of clinical trials organisations and research labs. The pharmaceutical sector in North America is expected to develop at a rapid rate throughout the projected period due to a rise in R&D efforts. During the forecast period, the presence of stringent FDA rules for the packaging of goods and medications used in clinical trials is anticipated to drive regional clinical trials packaging market growth.
Asia Pacific region holds a substantial market share and is anticipated to grow at the fastest growth rate during the forecast period. The main drivers of the growth of the market throughout the projected period are an increase in R&D spending and a booming pharmaceutical sector in emerging nations like China, India, and Japan. Due to expanding government programmes, expanding contract manufacturing operations, and a rapidly ageing population, China topped the Asia Pacific market in 2021 and will continue to hold the top spot in the years to come.
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Report ID: SQMIG35B2071