The global clinical trials supply and logistics market is expected to see significant growth between 2023-2027 due to an increase in diseases and cancers, personalisation of medicine, technological advancements and a growing demand for precision medicines. The market is also benefiting from research and development activities, increased expenditure, and the use of vaccines. These factors are prompting a rise in drug development, which is driving the market's growth. The adoption of new technologies such as machine learning algorithms and radio-frequency identification is also contributing to the market expansion.
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