PRN: 'The Clinical Trials Market Will Exceed $30BN by 2015' says visiongain Report
'The Clinical Trials Market Will Exceed $30BN by 2015' says visiongain Report
LONDON, July 5, 2011 /PRNewswire/ --
A new report by London-based business information company visiongain predicts that world pharma clinical trial services revenues will reach $32.73bn in 2015. Revenues for those companies (CROs) totalled $21.69bn in 2010, according to Pharma Clinical Trial Services: World Market 2011-2021, published in July 2011.
Leading pharmaceutical manufacturers are increasingly seeking to outsource all stages of the drug development process. The main drivers for CRO revenue growth are the cost advantages of outsourcing and the regional and therapeutic expertise of research service providers. Off-shoring clinical trials to emerging markets, particularly India and China, will create revenue growth for global CROs. Indian and Chinese markets will grow with CAGRs over 20%, visiongain's market analysis shows.
Richard Lang, pharmaceutical industry analyst, said: "Strong therapeutic experience and significant cost savings are driving Big Pharma to outsource drug development to CROs. Full service CROs will further benefit from multi-billion dollar strategic alliances during this decade. Niche market players will benefit from the increased demand for specialised clinical trial services, particularly in cancer and CNS disorders."
Demand for late-stage development services has outgrown that for early-stage services in recent years. Pharma and biotech companies are increasingly focusing on near-registration projects to combat the impending patent cliff. Continued late-stage service demand will drive market growth from 2011 to 2015. Strategic alliances across full development programmes will secure long-term revenues for CROs.
Visiongain forecasts that the overall pharma clinical trial services market will grow rapidly to 2021. The future of the pharma clinical trial services market appears strong through increasing demand from many therapeutic areas, the report concludes. This new study complements visiongain's wide range of analytical reports in healthcare and other industry areas. Â
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Table of Contents Executive Summary 1.1 Pharmaceutical Clinical Trial Services Market Review 1.2 Chapter Breakdown 1.3 Research and Analysis Methods 2. Clinical Trials and Clinical Trial Services: An Introduction 2.1 A Brief History of Clinical Trials 2.1.1 The Nuremburg Code and the Declaration of Helsinki 2.1.2 Council for International Organizations of Medical Sciences (CIOMS) 2.1.3 Good Clinical Practice 2.2 Phases of Clinical Trials 2.2.1 Phase I Trials: First-in-Human Studies 2.2.2 Efficacy Analysis in Phase II Trials 2.2.3 Phase III Trials 2.2.4 Phase IV Trials: Post-Marketing Surveillance 2.3 Key Elements of Clinical Trial Design 2.4 Clinical Research Outsourcing 3. The Pharmaceutical Clinical Trial Services Market 2011-2021 3.1 The Pharmaceutical Clinical Trial Services Market in 2010 3.1.1 Market Value by Sponsor Type 2010 3.1.2 A New Pharma R&D Model? 220.127.116.11 Advantages in Outsourcing to CROs 3.2 Pharma Clinical Trial Services Market Forecast 2011-2021 3.2.1 Slow Market Growth 2010-2011 3.2.2 Clinical Trial Services Market 2010-2016 3.2.3 Clinical Trial Services Market 2017-2021 3.3 Early Stage Services Market 2011-2021 3.4 Late Stage Services Market 2011-2021 4. Key Therapeutic Areas in the Clinical Trial Services Market 2011-2021 4.1 Selected Niche CROs Operating in the Market 2011 4.1.1 Specialist Oncology CROs 18.104.22.168 Medelis 22.214.171.124 Nexus Oncology: Experience in Over 350 Trials 126.96.36.199 Theradex: Partner to the National Cancer Institute 4.1.2 Selected CNS CROs 188.8.131.52 Cogtest: Data Capture and Cognitive Assessment 184.108.40.206 Comprehensive NeuroScience (CNS) 220.127.116.11 Neuroimage: CNS Imaging Specialist 4.1.3 Niche Infectious Disease CROs 18.104.22.168 TransPharm Preclinical Solutions 4.1.4 Cardiovascular and Metabolic Disease Specialist Service Providers 22.214.171.124 Global Research Services 126.96.36.199 Integrium 188.8.131.52 Java Clinical Research 4.2 Oncology Clinical Trial Services: Market Trends 2011-2021 4.2.1 Cancer Biomarkers in Diagnosis, Treatment and Clinical Trials 4.2.2 Patient Recruitment and Cancer Clinical Trials 4.3 CNS Clinical Trial Services: Market Trends 2011-2021 4.3.1 Improving CNS Trial Design 4.3.2 Neuroimaging in CNS Drug Development 4.4 Infectious Disease Clinical Trials Services: Market Trends 2011-2021 4.4.1 Infectious Diseases and Seasonality 4.4.2 Non-Inferiority Clinical Trials 4.5 Cardiovascular Disease Clinical Trials Services: Market Trends 2011-2021 4.5.1 Cardiovascular Diseases and Imaging 4.6 Metabolic Disease Clinical Trial Services: Market Trends 2011-2021 4.6.1 Avandia (Rosiglitazone) and Cardiovascular Safety in Diabetes 5. Market-Leading CROs 2011-2021 5.1 Quintiles: The World's Leading CRO 5.1.1 Quintile's Risk Sharing and Strategic Alliances 5.1.2 Theranostics, Biomarkers and Quintile's Other Future Strategies 5.2 Covance 5.2.1 Revenue Analysis 2008-2010 5.2.2 Refocusing Early-Stage Efforts 5.2.3 Strategic Alliance Experience 5.3 PPD 5.3.1 Revenue Analysis 2009-2010 5.3.2 Strategic Alliances 5.3.3 Expansion in Asia 5.3.4 PPD's Other Growth Targets 5.4 Charles River Laboratories 5.4.1 Revenue Analysis 2006-2010 5.4.2 Early Stage Restructuring 5.4.3 Expanding Model Distribution 5.5 Parexel International 5.5.1 Revenue Analysis 2009-2010 5.5.2 Recent Developments and Future Directions 5.6 ICON 5.6.1 Revenue Analysis 2008-2010 5.6.2 ICON in China 5.6.3 ICON and Proteome Sciences: Increased Biomarker Services 5.7 Kendle 5.7.1 Revenue Analysis 2009-2010 5.7.2 Asian Expansion and Other Recent Developments 5.8 WuXi PharmaTech 5.8.1 Revenue Analysis 2006-2010 5.8.2 WuXi's Strategic Partnerships and Other Recent Developments 5.8.3 Failed Acquisition by Charles River Laboratories 5.9 CMIC 5.9.1 Revenue Analysis 2009-2010 5.9.2 CMIC in China 5.10 INC Research 5.10.1 INC's Global Expansion 5.10.2 INC Acquires Kendle 5.11 PRA International 5.11.1 PRA in the CEE, the Middle East and Latin America 5.12 Chiltern International 5.12.1 Chiltern Expands into Brazil and Asia 5.13 InVentiv Health: From Medium to Large CRO in Two Acquisitions 5.13.1 InVentiv Acquires i3 Research 5.13.2 InVentiv Acquires PharmaNet Development Group 5.14 ReSearch Pharmaceutical Services 5.14.1 Private Equity Investment in the CRO Market 5.15 Omnicare Clinical Research 5.16 Clinipace Worldwide 5.17 Veeda Clinical Research 5.18 Aptiv Solutions 6. Pharmaceutical Clinical Trial Services Market: Trends 2011-2021 6.1 SWOT Analysis of the Market 2011-2021 6.1.1 New Trial Demands and Designs 184.108.40.206 Slow but Rising Use of Adaptive Trial Designs 220.127.116.11 Comparative Effectiveness Research 6.1.2 Increased Demand for Biosimilars 18.104.22.168 The Patient Protection and Affordable Care Act 2010 22.214.171.124 Biosimilars and CROs 6.1.3 Increased CRO Consolidation and Niche CROs 6.1.4 Clinical Trial Globalisation 6.2 STEP Analysis of the Market 2011-2021 6.2.1 Social Factors 126.96.36.199 Patient Recruitment and Retention 188.8.131.52 Ethical Concerns in Off-Shoring Clinical Trials 6.2.2 Technological Developments 184.108.40.206 Biomarkers as a Tool for Drug Development 220.127.116.11 Electronic Data Capture, Storage and Sharing 6.2.3 Economic Pressures 18.104.22.168 Cutting Back Pharma R&D 22.214.171.124 The Growth in Strategic Partnering 6.2.4 Political Issues 126.96.36.199 Increasing Pharmacovigilance Demands 188.8.131.52 Clearer Clinical Trial Regulatory Procedures 7. Pharmaceutical Clinical Trial Services: Leading National Markets 2011-2021 7.1 Regional Market Breakdown, 2010 7.2 The US Market 2011-2021 7.3 Leading Western European Markets 7.3.1 Trial Costs Are High in Germany 7.3.2 The UK 7.3.3 France: Fast Trial Approvals 7.3.4 Italy 7.3.5 Spain 7.4 Japan: The Drug Lag and CROs 7.4.1 The Japanese Market 2011-2021 7.5 BRIC Nations and Other Emerging Markets 2011-2021 7.5.1 The Brazilian Market 2011-2021 7.5.2 The Russian Market 2011-2021 7.5.3 India 184.108.40.206 The Indian Market 2011-2021 7.5.4 China 220.127.116.11 Novartis Bucks the Trend in Chinese R&D 18.104.22.168 Benefits and Challenges to Conducting Trials in China 22.214.171.124 The Chinese Market 2011-2021 7.5.5 CEE as an Alternative to Western Europe 7.6 Changing Regional Market Shares 2011-2021 8. Opinions from Our Research Interviews 8.1 Dr JÃ¶rg TÃ¤ubel, Co-Founder and Managing Director, Richmond Pharmacology 8.1.1 Richmond Pharmacology 8.1.2 The Challenge of Patient Recruitment 8.1.3 The Advantages of Niche CROs 8.1.4 Increased Use of Bridging Studies 8.1.5 Technological Advances in Early Phase Clinical Trials 8.2 Dr Amir Kalali, Vice President, Medical and Scientific Services and Global Therapeutic, Group Leader, CNS at Quintiles 8.2.1 Challenges in Neuroimaging Biomarkers 8.2.2 Placebo Problems in CNS Clinical Trials 8.2.3 CROs and CNS Clinical Trials 8.2.4 The Myth Surrounding Failure Rate in CNS R&D 8.2.5 Big Pharma and CNS R&D 8.2.6 Clinical Trial Globalisation 8.2.7 Challenges in CNS Clinical Trials 8.3 Dr Fabio Thiers, Director, Global Clinical Trials Research Program, MIT 8.3.1 The Future of Clinical Trial Outsourcing 8.3.2 Outsourcing Opportunities by Phase of Development 8.3.3 Outsourcing Opportunities by Therapeutic Area 8.3.4 CRO Market Consolidation 9. Conclusions 9.1 There Will Be Greater Demand for Clinical Trial Outsourcing 9.2 Off-Shoring Clinical Trials Will Become Increasingly Popular 9.3 Oncology and CNS: Key Indications for Research 9.4 The Drive Towards Faster and More-Proactive Clinical Trials 9.5 Strategic Partnering as a Business Model for the CRO Industry 9.5.1 Niche CROs Will Survive
Notes for Editors
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Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Pharmaceutical, Telecoms, Energy, Defence and Materials sectors.