Academic Collaborations Market Intelligence

Are you looking for answers on Academic Collaborations category?

Are you looking for answers on Academic Collaborations category?

  • What are the key trends in Academic Collaborations category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Academic Collaborations industry?
  • How is Academic Collaborations industry performing?

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Report Coverage

  • Market Trends
  • University–Industry Collaborations: Best Practices
  • Types Organizations Offering CRO like Services
  • Supplier List

Table of contents

  1. Academic Collaborations Executive Summary
  2. Academic Collaborations Market Outlook
  3. Academic Collaborations Academia Engagements
  4. Academic Collaborations Best Practices
  5. Academic Collaborations Supplier Profile

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Global Market Outlook on Academic Collaborations

  • The ARO market is expected to grow at a growth rate of 8–10 percent for the next five years
  • The failure rate of drugs especially in therapeutic areas has increased to an extent that there will be a greater reliance on academic engagements by the pharmaceutical players
  • The market size is indicative of the total revenue earned through pharmaceutical players through various contracts and does not include the grants

academic-collaborations-global-market-size

  • Apart from the revenue through pharmaceutical contracts, the AROs are dependent upon the grants from various government organizations and other non-profit organizations
  • Duke Clinical Research, Harvard Clinical Research Institute, Joh Hopkins University and CALIBR constitute about 50 percent of the total market size

Cost & Pricing Analysis

Clinical Trial Cost Structure

  • The major cost of investment lies in site monitoring and management, and data management, statistics, regulatory & QA
  • Complexity and duration of the trial are the major cost drivers
  • Various parameters like the number and location of the sites, patient recruitment (number of patients to be recruited), timelines are determined by the above mentioned parameters

Principal Investigator Salary

  • The average hourly wage of a Principal Investigator ranges from 60–70 $/hour
  • Certain organizations like NIH pays around $70/hour
  • Network of the investigator and relevant experience are the factors determining the salary

Academic Collaborations: Drivers and Constraints

Drivers

Failure Rate of Drugs:

  • The failure rate of drugs has increased dramatically over the years and thus an Increase in the drug development cost. Currently, only 0.4 drugs get developed per billion dollar spending. By extrapolating the current trend, hardly any drugs will be produced per billion dollar spending by 2023

Requirement of technical/therapeutic area expertise

  • The subject matter expertise provided by the therapeutic area experts is unmatched in various areas. Therefore, the analysis provided by the academia experts and thus the pharmaceutical players have to engage the academia, either for the execution of the entire clinical trial or for specific functions like analysis, regulatory, etc.

Adoption of Open Sourcing/Innovation models among the pharmaceutical players

  • There is an increased adoption of open sourcing/innovations among the pharmaceutical players, by engaging various CROs, academia and peer pharma

Constraints

Increased lead time of the engagements and also the process

  • Increased lead time of the academia in conducting the clinical trials may decrease the demand/adoption of hybrid trials (both CRO and academia are engaged)

 

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