Picture courtesy: medicine.wright.edu
With the invasion of technology into clinical trials that have increased in size and the surge in data analytics, clinical research and trials have become expensive in the recent years. In this scenario, it has become critical for the companies to utilize resources optimally and reduce the expenditure by streamlining the research and development procedures so as to make their services available at affordable prices for the healthcare providers. This necessity of cutting down the costs is paving the way to some of the trends in the sector.
Real World Evidence: The role real world data (RWD) and real world evidence (RWE) is increasing in the healthcare decisions. Real world data is the data related to a patient’s health and the details of healthcare provided. This data is collected from various sources like the electronic health records, medical bills, insurance claims, product and disease registries, health monitoring devices etc. The data available in the form of RWD is analyzed and the clinical evidence with respect to the usage and potential benefits/ risks of a medical product is called as Real word evidence.
Outsourcing: Clinical research organizations are growing at a fast pace and there is a trend among these organizations as consolidation among biotech and pharmaceutical companies. It is seen that big clinical research organizations are offering varied services under one umbrella with an even wide geographical reach of their services. It is in these circumstances that outsourcing clinical research work is gaining momentum. Countries like India are becoming outsourcing destinations for such work and hence, there is a big demand for proficient people here who have undergone clinical research training.
Smart methods: To counter the inefficiencies in the clinical trials and clinical data management, smart methods of research are being involved. The utilization data analytics in clinical data management will allow recruiting more targeted patients and design much better protocols that help in getting better business results.
Keeping in view these trends, there is a good demand for people who have finished clinical research training and want to pursue a career in this sector.
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