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RNCOS Releases a New Report- Booming Clinical Trials Market in
India
RNCOS has recently added a new Market Research Report titled, "Booming
Clinical Trials Market in India" to its report gallery. According to the new
RNCOS report, India promises to be one of the hottest destinations for
conducting global clinical research, owing to a huge patient pool
representing both chronic and infectious diseases, easy recruitment of
patients, and high cost savings.
India presently occupies a very small pie of the global opportunity. The
total number of clinical trials in India stood at 221 in 2007, which equates
to less than 2% of the global clinical trials. With all major
pharmaceutical/biotech companies and CROs establishing their presence in
India, the number of clinical trials in the country is expected to grow
several folds in the next five years. The country is projected to conduct
nearly 5% of the global clinical trials by 2012. However, to achieve its
goal of becoming a global hub of clinical trials, the country has to
overcome challenges like unethical trials, delay in trial approval,
inappropriate protection of clinical data, and lack of Good Clinical
Practice (GCP) certified sites and investigators. Surging clinical trials
market in India will create enormous opportunities for a number of
associated industries, including IVD market, education sector and clinical
data management.
"Booming Clinical Trials Market in India" gives an extensive and objective
analysis on the Indian clinical trials market. It investigates the
advantages/disadvantages India has in becoming a global clinical trials hub.
The report exhaustively evaluates and compares the key factors that drug
companies and CROs look before outsourcing clinical trials to a country.
These include parameters such as patient pool, regulatory environment, cost,
infrastructure, human resources and past performance in conducting clinical
trials. Thus, this analytical study serves as a useful guide for drug
manufacturers, CROs, consultants and investors who are planning to enter the
Indian clinical trials market.
Our report provides forecasts on
- Size of global clinical research outsourcing market
- Size of Indian clinical research outsourcing market
- Number of clinical trials in India
- Number of patients expected to participate in clinical trials in India
- Clinical trials infrastructure and professionals in India
- Healthcare indicators in India
Key questions answered in the report
- Why are drug manufacturers outsourcing clinical trials?
- Where and how many clinical trials are being outsourced?
- Where dose India stand in the global clinical trials market?
- How big is the clinical trials opportunity in India?
- How much does it cost on hiring personnel for various clinical research
processes, rent and utilities in India as compared to other countries?
- How does clinical trials infrastructure and staff in India vary from other
countries?
- What are various government regulations/guidelines for conducting clinical
trials in India?
- What are the Future trends predicted to shape the clinical trials market
in India?
- How is the clinical trials market impacting associated industries?
Key players analyzed in the report
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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