Clinical Trial Packaging Market: Emerging Trends And Strong Application Scope By 2017 - 2025
The global clinical trial packaging market is expected to see a steady growth in the forthcoming years, according to a recent report by Transparency Market Research (TMR). The market scenario is exhibits intense competition and fragmentation at present. The top five enterprises collectively held less than 15% of the total market share in 2017. Vendors in the industry are being receptive to needs of large pharmaceuticals that are developing novel drugs, and are targeting such enterprises. Key players in the clinical trial packaging market are Westrock Company, PAREXEL International Corporation, Almac Group Limited, Bilcare Limited, Fisher Clinical Services, and Sharp Clinical Services, Inc. TMR projects global clinical trial packaging market to be at nearly US$919.92 mn in 2016. The market is predicted to expand at a healthy CAGR of 6.9% during forecast period 2017 to 2025 and rise to a valuation of US$1.66 bn by the end of 2025. High Incidence of Chronic Diseases to Pr...