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According to the research report, the global clinical trial kits market was valued at USD 1.42 billion in 2021 and is estimated to reach USD 2.85 Billion by 2030, growing at a CAGR of 8.3% during the forecast period.

The major factors driving the global market include the globalization of clinical trials and rising clinical trial complexity. Remote medical trial services are becoming an essential part of patient satisfaction, safety, and retention. At present, pharmaceutical companies are partnering with global logistics partners in order to provide direct-to-patient services. 

The logistics segment is leading the global industry in 2021. This huge market share can be attributed to the growing demand for services in order to simplify the overall logistics process in medical tests. Additionally, pharmaceutical companies are partnering up with global logistics companies in order to provide remote services. This is anticipated to drive the growth of the segment over the coming years. 

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Based on Phase, the phase III segment is anticipated to dominate the industry in 2021. The basic objective of Phase III is to validate the safety and efficacy of a new medicine or vaccine, confirm the dosage levels, and discover the side effects. The number of clinical tests on humans increases in Phase III. Most of the medicines that passed phase II clinical trials generally fail in Phase III due to the side effects of therapeutic effectiveness. 

The growing R&D investments along with the rapid technological advancements are further anticipated to drive the market growth. Alpha Laboratories designs, manufactures and assembles kits such as SpeciSafe packs, 95kPa pouches, absorbents, Pastette, and others. These new products enable the market players to offer highly competitive pricing along with faster bespoke solutions where required. Additionally, Q2 Solutions offerings can help in the Covid-19 clinical trial, as they offer innovative & technologically advanced solutions such as SARS-CoV-2 virus & antibody detection, SARS-CoV-2 viral genome analysis, and immunologic profiling of humans, and vaccine neutralization testing. Thus, these innovative introductions may further support the industry demand across the globe. 

Market participants such as Alpha Laboratories, Brooks Life Science, Almac Group, Cerba research, Charles River Laboratories, Clinigen, LabConnect, Labcorp Drug Development, Marken a UPS company, Patheon, Precision Medicine Group, and Q2 Solutions. 

Various industry players are launching new products into the global clinical trial kit industry in order to expand. For instance, In April 2021, Parexel partnered with Veeva Systems in order to improve their medical test delivery and enhance Veeva’s cloud technology.

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