Colombia Clinical Trial Equipment & Ancillary Solutions Market Size & Outlook
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Colombia clinical trial equipment & ancillary solutions market highlights
- The Colombia clinical trial equipment & ancillary solutions market generated a revenue of USD 10.7 million in 2024 and is expected to reach USD 22.3 million by 2033.
- The Colombia market is expected to grow at a CAGR of 8.5% from 2025 to 2033.
- In terms of segment, sourcing was the largest revenue generating type in 2024.
- Supply/Logistics is the most lucrative type segment registering the fastest growth during the forecast period.
Clinical trial equipment & ancillary solutions market data book summary
| Market revenue in 2024 | USD 10.7 million |
| Market revenue in 2033 | USD 22.3 million |
| Growth rate | 8.5% (CAGR from 2025 to 2033) |
| Largest segment | Sourcing |
| Fastest growing segment | Supply/Logistics |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sourcing, Supply/Logistics, Service |
| Key market players worldwide | Woodley Equipment Company, PAREXEL, Thermo Fisher Scientific Inc, Cadila Pharmaceuticals, United Parcel Service Inc Class B, Ancillare, Imperial CRS, Emser, Quipment, Myonex, Yourway |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.3% of the global clinical trial equipment & ancillary solutions market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil clinical trial equipment & ancillary solutions market is projected to lead the regional market in terms of revenue in 2033.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 22.3 million by 2033.
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Clinical Trial Equipment & Ancillary Solutions Market Scope
Clinical Trial Equipment & Ancillary Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yourway | View profile | 51-100 | Allentown, Pennsylvania, United States, North America | http://www.yourway.com |
| Myonex | View profile | 101-250 | Horsham, Pennsylvania, United States, North America | https://www.myonex.com/ |
| Quipment | View profile | 51-100 | Nancy, Lorraine, France, Europe | https://www.quipment.fr |
| Emser | View profile | 51-100 | Leiden, Zuid-Holland, The Netherlands, Europe | https://www.emsere.com |
| Imperial CRS | View profile | 251-500 | Grand Rapids, Michigan, United States, North America | http://www.imperialcrs.com |
| Ancillare | View profile | 251-500 | Horsham, Pennsylvania, United States, North America | https://www.ancillare.com |
| Cadila Pharmaceuticals | View profile | 5001-10000 | Ahmedabad, Gujarat, India, Asia | http://cadilapharma.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| United Parcel Service Inc Class B | View profile | 500000 | 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, United States, 30328 | https://www.ups.com |
| Woodley Equipment Company | View profile | 101-250 | Bolton, Bolton, United Kingdom, Europe | http://www.woodleyequipment.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Colombia clinical trial equipment & ancillary solutions market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical trial equipment & ancillary solutions market will help companies and investors design strategic landscapes.
Sourcing was the largest segment with a revenue share of 39.25% in 2024. Horizon Databook has segmented the Colombia clinical trial equipment & ancillary solutions market based on sourcing, supply/logistics, service covering the revenue growth of each sub-segment from 2021 to 2033.
According to the WHO ICTRP, 3,375 clinical trials were conducted in Colombia between 1999 and 2020. The government of Colombia & DRA INVIMA has dedicated efforts to improve the environment of clinical research to international standards & enhancing its relative attractiveness.
Many international & local CROs operates in Colombia & maintain open communication with INVIMA. Recently, a U.S. based clinical development organization entered into a contract with the Colombian government to position the country as a preferred destination for conducting clinical trials by U.S. sponsors.
In addition, increasing funding for clinical trials is driving the market. For instance, in September 2021, National Institutes of Health granted USD 61.7 million to Colombia University to accelerate clinical and translational research for the development of novel medical treatments. Such factors create modest opportunities for the clinical trial equipment & ancillary solutions market in the country.
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Target buyers of Colombia clinical trial equipment & ancillary solutions market databook
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Our clientele includes a mix of clinical trial equipment & ancillary solutions market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia clinical trial equipment & ancillary solutions market , including forecasts for subscribers. This country databook contains high-level insights into Colombia clinical trial equipment & ancillary solutions market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Colombia clinical trial equipment & ancillary solutions market size, by type, 2021-2033 (US$M)
Colombia Clinical Trial Equipment & Ancillary Solutions Market Outlook Share, 2024 & 2033 (US$M)
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