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Ahead of the Curve: Trends, Predictions and Survival Guide for the North American Contract Research Industry

Published by: Integrative Consulting Services

Published: Aug. 1, 2007 - 62 Pages


Table of Contents


EXECUTIVE SUMMARY

INTRODUCTION

MODULE A: CRITICAL ISSUES AFFECTING THE CONTRACT RESEARCH MARKET

PART 1 THE CUSTOMER MARKET

1.1 COST PRESSURES SQUEEZE THE PHARMACEUTICAL INDUSTRY

1.2 PROFITS ELUDE THE BIOTECHNOLOGY INDUSTRY

1.3 GENERICS RISING

PART 2 R&D SPENDING PATTERNS

2.1 TOTAL R&D EXPENDITURES GROW

2.2 OUTSOURCED R&D EXPENDITURES SOAR

PART 3 UNDERSTANDING R&D OUTSOURCING

3.1 WHAT DRIVES R&D OUTSOURCING?

3.2 ARE CROS ACTUALLY DELIVERING VALUE?

MODULE B: CURRENT STATE OF THE CONTRACT RESEARCH MARKET

PART 4 THE CONTRACT RESEARCH MARKET

4.1 INDUSTRY GROWTH - IS THE PARTY ENDING?

4.2 CLINICAL RESEARCH SERVICE UTILIZATION: MONITORING TAKES THE CAKE
4.3 CRO SELECTION CRITERIA

4.4 THE GIANTS OF CONTRACT RESEARCH

PART 5 TRENDS & CHALLENGES IN THE CLINICAL TRIAL INDUSTRY

5.1 DRIVE FOR TRANSPARENCY

5.2 SHIFTING LOCATION OF CLINICAL TRIALS

5.3 CRITICAL ISSUES WITH CRO PERFORMANCE

5.4 LENGTHENING CLINICAL TRIAL LIFECYCLE

5.5 THE PROFESSIONALIZATION OF OUTSOURCING

5.6 SHIFTING FROM TACTICS TO STRATEGY - A NEW OUTSOURCING MODEL

5.7 IS EDC FINALLY HITTING ITS STRIDE?

MODULE C: THE FUTURE OF CONTRACT RESEARCH

PART 6 FUTURE GROWTH OPPORTUNITIES

6.1 MICRODOSING—FAILING DRUG CANDIDATES EARLIER

6.2 GROWTH IN GENERICS BOOST BIOEQUIVALENCE SECTOR

6.3 CLINICAL TRIAL TRANSPARENCY - OPENING NEW MARKETS

6.4 SUPPORTING COMMUNITY-BASED CLINICAL SITES

PART 7 SURVIVING & THRIVING OVER THE NEAR- TO MID-TERM

PART 8 ABOUT INTEGRATIVE CONSULTING SERVICES

PART 9 FURTHER READING


Abstract

Now is an exciting time to be in the contract research market of the life science industry. Challenges and opportunities faced by drug developers have created an environment of growing demand for the services of contract research organizations (CROs) such as clinical research organizations, site management organizations and central labs. Consequently, the CRO market has undergone tremendous growth. As drug developers in the pharmaceutical, biotechnology and generics market search for new tools and solutions to overcome their own challenges, they create new business opportunities for contract service providers.

However, segments of the CRO market are nearing maturation. As this happens, competitiveness will increase in some sectors as the aggressiveness with which firms vie for customers intensifies. As a result, managers face increasing difficulty maintaining and growing profits.

This document is a strategic analysis presenting a comprehensive overview of the contract research market. It is divided into three sections. The first section addresses critical issues affecting the contract research market. The second section discusses the current state of the contract research market. The third section describes the future of the contract research market. Throughout, future opportunities in the CRO market are identified and ways to improve profitability are presented.

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