With the mounting economic and regulatory pressures, pharmaceutical and biotech companies are increasingly outsourcing their clinical research activities today. To cater to this surging demand, companies conducting clinical trials are broadening their portfolio of services by offering improved preclinical evaluations, clinical trial planning and management, safety data monitoring, biostatistical analysis, and much more. Meanwhile, contract research organizations (CRO) that have already been providing preclinical and clinical trial services are extending their scope to project management and regulatory consulting as well.
While the COVID-19 pandemic has had a severe impact on the domain, it has subsequently helped in accelerating digital transformation. For instance, traditional processes are increasingly being traded for adaptive and remote trial models today, as they minimize the health risks for partaking patients. This decentralized approach also offers benefits, such as improved patient experience and lower recruitment barriers. Another trend that is swiftly taking shape is the growing adoption of electronic records. It not only makes searching and analysis easier but also aids in reducing the costs of development and data management.
Consequently, leading-edge technologies, like artificial intelligence (AI) and big data, are solving many key clinical trial challenges. AI is being leveraged to transform protocol development, enhance outcome assessments, and utilize remote-connected technologies. Data-driven protocols and strategies powered by advanced AI algorithms also help significantly in reducing costs.
At this juncture, there is a variety of clinical trials service companies available in the market that cater to the different needs of pharmaceutical and biotech organizations. To help them choose the company that best fits their requirement, Pharma Tech Outlook has compiled a list of the top 10 clinical trials service companies in the APAC region. The enlisted companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Pharma Tech Outlook’s, “Top 10 Clinical Trials Service Companies in APAC – 2021.”