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
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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
- 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)
