Clinical Research & Clinical Trails

Clinical Trails and innovation

The clinical trial market is enormous. To understand of its scale, and consider that the ClinicalTrials.gov currently lists more than the 280,000 active clinical research studies, and up from just 2,119 active studies in the year 2000. Even with these massive increase in the number of the clinical trials between 2000 and 2018,and the research indicates the market’s value will be also keep growing to reach the $65.2 billion by 2025.Despite  impressive size of the clinical trial market, and the industry faces the several challenges.

The primary challenge is undertaking a clinical trial  cost. A report from the U.S. Department of Health and Human Services estimates that the total cost across Phases I, II, III, and IV of a clinical trial can range from $44 million to $115.3 million, depending on the drug’s therapeutic area. Moreover, fewer than the  one in 10 drugs that are enter the clinical trials make it to the market.