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According to the new market research report, "Clinical Trial Supplies Market by Services (Manufacturing, Packaging, Logistics, Distribution), Phases (I to IV), Type (Small molecule, Biologics, Medical Devices) Therapeutic Areas (Oncology, CNS, CVD, Infectious, Immunology) - Global Forecast 2026", The global clinical trial supplies market is projected to reach USD 2.9 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 8.5% during the forecast period of 2021 to 2026.Browse and in-depth TOC on "Clinical Trial Supplies Market"237 – Tables47– Figures242 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172240059Growth Boosting Factors:Market growth is largely driven by the increasing R expenditure in pharmaceutical and biopharmaceutical companies and the growing number of clinical trials conducted globally.

However, the increasing cost of drug development and clinical trials is expected to restrain the growth of this market during the forecast period.The logistics and distribution segment accounted for the largest share of the services segment in the clinical trial supplies market in 2020.Based on the service, the clinical trial supplies market is segmented into manufacturing; packaging, labeling, and blinding; comparator sourcing; logistics & distribution; storage & retention; and other services.

Logistics & distribution and storage & retention are seen to be the leading segments with respect to the growth rate during the forecast period as a result of greater reliance on decentralization of clinical trials.The oncology segment accounted for the largest share of the therapeutic area segment in the clinical trial supplies market in 2020Based on the therapeutic area, the clinical trial supplies market is segmented into oncology, CNS & mental disorders, cardiovascular diseases, digestive disorders, infectious diseases, metabolic disorders, immunology, blood disorders, and other therapeutic areas (respiratory disorders, dermatological disorders, rare diseases, ENT diseases, Nephrology) Oncology is the largest segment in this market owing to the high and growing number of research studies on cancer therapeutics and the increasing number of companies focusing on bringing innovative cancer drugs into the market.

The huge population base, presence of less stringent and harmonized regulatory frameworks, and limited competition make patient recruitment and seeking approval for clinical trials more convenient, less time-consuming, and cost-efficient in the APAC region.

This is attracting the attention of a majority of pharmaceutical, biopharmaceutical, and biotechnology giants to consider conducting their clinical trials in APAC countries.

The Asia Pacific market is projected to register the highest growth during the forecast period due to the presence of many emerging players, less-stringent regulations, and the ease and cost-effectiveness of patient recruitment in APAC countries.Key Players:The global clinical trial supplies market is competitive.

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The market for smoke evacuation systems is primarily driven by the rising patient preference for minimally invasive surgeries, increasing product availability, growing target patient population, and the availability of relevant OR protocols and guidelines for their use.The smoke evacuation pencils & wands segment accounted for the largest share of the smoke evacuation system market, by product type, in 2018On the basis of product type, the smoke evacuation system market is segmented into smoke evacuation pencils & wands, smoke evacuation filters, smoke evacuating systems, smoke-evac fusion products (shrouds), accessories, and smoke evacuation tubings.

The smoke evacuation pencils & wands segment accounted for the largest share of the smoke evacuation systems market in 2018.

The large share of the segment can be attributed to its growing adoption among healthcare facilities and its significant usage due to its advantage of creating safer and healthier environments for surgeons, nurses, technologists, and the surgical teams.Download the PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149736406The laparoscopic surgeries application segment is expected to register the highest growth rate in the smoke evacuation systems market during the forecast period.On the basis of application, the smoke evacuation system market is segmented into medical aesthetic surgeries, open general surgeries, orthopedic surgeries, and laparoscopic surgeries.

The laparoscopic surgeries application segment is expected to register the highest growth rate due to the advantages of laparoscopic procedures over conventional open surgery and the need to improve the working environment in the operating room.North America dominated the global smoke evacuation systems market in 2018The large share of the North American market can mainly be attributed to the increasing number of surgical procedures, technological advancements, rising demand for minimally invasive surgeries, favorable reimbursement scenario, and rising government concerns regarding the health hazards of surgical plumes.CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), Stryker Corporation (US), I.C Medical (US), Symmetry Surgical Inc. (US), Utah Medical Products Inc (US), Zimmer Biomet (US), Pall Corporation (US), Ecolab (US), and Deroyal (US) are some major players in the global smoke evacuation systems market.Get the Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=149736406About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM".