News | September 2, 2008

Report Provides An Extensive Overview Of Clinical Research Outsourcing And Role Of CROs In Managing Clinical Trial Process

DUBLIN, Ireland --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/e154d8/clinical_research) has announced the addition of the "Clinical Research Outsourcing Where are We?" report to their offering.

The report provides an extensive overview of clinical research outsourcing and role of CROs in managing clinical trial process. It also gives an in-depth analysis of the current status and prospects of the global CRO market and also evaluates the growth of the industry in US, Europe and Asian countries such as Indian and China and the potential of these countries to become clinical research outsourcing hubs. The report also assess the implications of adopting newer technologies in the pharma value chain. It also provides a brief description about the services offered by major global CROs.

The wide range of pharmaceutical research services offered by CROs, such as, the management of preclinical to phase 4 clinical trials, data management services, central laboratory services for processing trial samples, and statistical and regulatory services, enable the pharmaceutical companies to redirect their focus on more critical activities that would help them to maintain a competitive edge in the market place. The total global pharma R&D expenditure is predicted to touch $148B by 2012. Pharma outsourcing is estimated to contribute $26B and $36B of the total pharma spending in 2008 and 2010 respectively. Adoption of new technologies like EDC have made the clinical research process much more precise and cost effective, especially with CROs leveraging technology to offer efficiencies in their efforts to strengthen their foothold in the rapidly emerging market.

Key Topics Covered:

  • Introduction
  • Clinical trial process
  • Potential growth of the sector
  • Role of Clinical Research Organizations
  • US clinical trial market
  • Growth of clinical research outsourcing in Europe
  • Outsourcing to Asian countries
  • Market growth in China
  • Clinical trials in India
  • Practical issues for conducting clinical trials in India
  • Major CRO Organizations
  • Implementation of new technologies in the pharma value chain
  • Conclusion

Companies Mentioned:

  • Quintiles Transnational Corp
  • Covance Inc.,
  • Pharmaceutical Product Development Inc.
  • Charles River Laboratories,
  • PAREXEL International
  • MDS, Inc.
  • ICON Plc,
  • PharmaNet Development Group
  • Kendle International, Inc.,
  • Omnicare Clinical Research

For more information visit http://www.researchandmarkets.com/research/e154d8/clinical_research.

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