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

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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Discover Market Info

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Assess Category Performance

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Source Market Indices

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

Abi - AI powered digital procurement assistant

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

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

Assess Supplier Risk based on key risk and compliance parameters

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

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

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

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

Benchmark your category performance against peers and the market

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

Get information on key factors affecting your supply

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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Academic Research Category Intelligence

Report Coverage

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

Academic Research Market Trends

Category Intelligence on Academic Research covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of contents

Academic Research Executive Summary
Academic Research Market Outlook
Academic Research Academia Engagements
Academic Research Best Practices
Academic Research Supplier Profile

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Industry Outlook & Drivers

Global Market Outlook on Academic Research

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 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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