![]() ![]() Another important decision-making reason is that renting equipment reduces significant upfront expenses and large investments required to furnish licensed clinical trial locations. Renting medical equipment relieves the burden of storage, retrieval, and disposal. As a result, the number of challenges that supply chain managers confront while working with clinical trial equipment & ancillaries has increased. Modern studies frequently involve huge numbers of patients and patient subgroups, as well as numerous nations and research sites. Complex clinical studies are creating new problems throughout the healthcare supply chain. ![]() The clinical trial procedure has evolved considerably in recent years. Read 110 page market research report, " Clinical Trial Equipment & Ancillary Solutions Market Size, Share & Trends Analysis Report By Product (Sourcing, Supply/Logistics), By Phase (Phase I, II, III), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028 ", by Grand View Research Asia Pacific is projected to be the fastest-growing regional market during the forecast period as it is becoming an increasingly significant site for clinical trial investigations.North America led the global market in 2020 and is expected to remain dominant even during the forecast years due to a rise in the number of CRO and pharmaceutical & medical companies in the region.Phase III studies are the most effective approach to discover a new treatment standard The phase III segment accounted for the maximum revenue share of the global market in 2020.The supply/logistics product segment dominated the market with a revenue share of more than 38% in 2020 due to the high number of clinical trials globally, which resulted in increased demand for efficient logistics services.The growing pharmaceutical and medical sectors, globalization of clinical trials, and rising R&D expenditure are the factors driving the market. 14, 2021 /PRNewswire/ - The global clinical trial equipment & ancillary solutions market size is anticipated to reach USD 4.4 billion by 2028, according to the new report of Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. ![]()
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