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Academic Research
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Abi will answer all Academic Research related
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Academic Research related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Academic Research to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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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 Research Executive Summary
  2. Executive Summary
  3. COVID-19 Impact

 

  1. Market Outlook
  2. Market Outlook
  3. Academic Collaborations

 

  1. Academic Engagements
  2. Engagement/Sourcing Models Followed
  3. Academia Partnerships
  4. Clinical Trial Partners

 

  1. Best practices
  2. Best practices Followed by the Big Pharma
  3. Pre-competitive/Non-competitive Collaboration
  4. Hybrid Trials

 

  1. Innovation
  2. Innovation – (GSK approach on Academic Collaboration)

 

  1. Sustainability
  2. Sustainability in Academic Collaboration

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Global Market Outlook on Academic Research

  • The global ARO market is around $215–230 million and is experiencing a growth rate of 8–10 percent.
  • 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

 

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 Research: 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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