Rise In The Outsourcing Of Clinical Trials In India
Keeping in mind the present day economic condition
, outsourcing business in the medical sciences, has gone up especially in biopharmaceutical and pharmaceutical business. This has increased with the outsourcing of clinical trails that comprise an essential part of drug development process. The research study "Booming Clinical Trials Market in India" talks about the clinical trials in India that has been estimated to expand at a CAGR over 30 percent during the years 2010 to 2012. As this growth is being eagerly anticipated, India is being estimated to be the highest growing medical tourism and clinical trial hub in the world.The report talks about the eminent biotech and pharmaceutical players and also the CROs that have been working towards carrying out clinical trials globally by finding patients that qualify for these trials. This process is said to be easier in the Indian sub-continent as compared to any Western destination. Other factors for instance the cost-efficient nature of the trials and the prevalence of the disease have also been promoting the medical trials. The report also highlighted certain restraints such as the absence of adequate trained medical staff, weak IPR protection and few others that are hindering the growth of the market. Therefore, in order to make the Clinical trails in India flourish, it is necessary to look into these concerns and resolve them.
CROs in India have been conducting Clinical Trials for quiet sometime now. They have strategic alliance with prominent medical institutions and hospitals all over the country. Some of them even have global link ups and tie-ups. Therefore, CROs have got the access to databases that highlight multiple therapeutic areas and other diagnostics and proprietary trials.
The CROs in India also conducts the Phase II IV trails. Furthermore, they have their own research programs and other project implementation for instance pharmacokinetic analysis, clinical pharmacology, and bio-analytical method development that are conducted by a team of qualified research associates and medical co-coordinators. They out forward a 360 degree approach towards the clinical trails ensuring the sponsors the advantages from a vast range of services as listed below :-
1. Pharmacy Services that assures a strict adherence to GCP and other allied international regulatory requirements
2. Feasibility Studies
3. Clinical Trial Supplies & Management
4. Bio Statistics
5. Project Management
6. Clinical Monitoring
7. Volunteer Recruitment & Planning
These apart, Bio Studies too are another segment of services provided by the CROs in India. A vast range of bioavailability and bioequivalence are done in various centers complying with the global regulatory requirements that are further supervised by an independent quality assurance segment.
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