Over the years, clinical research has undergone an evolutionary change, in terms of cost of research, technology used, and duration of the study. It is worth highlighting that clinical research involves two major steps, namely study design and study reporting. Further, study design involves three key steps, theoretical design, data collection design and statistical analysis design. On the other hand, study reporting includes guiding principles to carry out concise, explicit and elaborative research. Recently, the clinical research segment has also witnessed a surge in number of vendors, offering a diverse range of services and solutions for clinical planning and design. Moreover, various startups and small firms have entered into collaborations in order to advance their innovations and offer specialized research expertise, services and tools. Additionally, several service providers engaged in this domain have shifted their focus on the development of software in order to automate the process and enable efficient planning and design of clinical. The aforementioned initiatives are focused on better facilitating / supporting the drug development process through early-stage planning and design. Given the ongoing efforts to improve / expedite the clinical drug development process, we are led to believe that the clinical trial planning and design services market is likely to witness steady growth in the coming years.
Players engaged in offering clinical trial planning and design services market
Close to 130 industry and non-industry players offer clinical planning and design services to medical device companies, pharmaceutical players and biotechnology industry across the globe.
Recent activity in Partnerships and collaborations
The growing interest in clinical trial planning and design market is reflected in the recent increase in partnership activity, especially between companies that offer related clinical trial planning and design services.
Cost saving potential by use of clinical trial planning and design platforms
Adoption of several software-based techniques has enabled cost saving potential in clinical trial planning and design services market.
The Clinical Trial Planning and Design Services Market is anticipated to grow at a CAGR of 7.5%, during 2021-2030
Driven by the increase in the number of clinical stage products and availability of advanced tools and technologies, the clinical trial planning and design market is projected to grow at a steady pace in the foreseen future.
For further information on this domain, check out the report –