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

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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

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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 Comparator Drug Sourcing related
procurement queries with relevant data points

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Get up-to-date market and supplier info on Comparator Drug Sourcing 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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Comparator Drug Sourcing Table of contents

  1. Comparator Drug Sourcing Executive Summary/ COVID-19 Update
  2. Executive Summary
  3. COVID Impact Update

 

  1. Comparator Drug Sourcing Market Analysis
  2. Global Market Size and Growth Forecast
  3. Growth Drivers & Constraints
  4. Market Trends
  5. Regulatory Trends
  6. Porter’s Five Forces Analysis
  7. Outsourcing Trends
  8. Regional Analysis

 

  1. Comparator Drug Sourcing Cost Drivers and Cost Structure
  2. Cost Drivers and Cost Structure 

 

  1. Comparator Drug Sourcing Market Monitoring Insights
  2. Billing Rates Overview
  3. Comparator Sourcing -Billing Rates
  4. Billing Rates: Benchmarking
  5. Factors Influencing Comparator Sourcing Billing Rate

 

  1. Comparator Drug Sourcing Sourcing Practices
  2. Engagement and Pricing Model

 

  1. Comparator Drug Sourcing Supplier Section
  2. Key Suppliers Supplier List and Capabilities
  3. Key Global Supplier Profile
  4. Key Global Supplier: SWOT

 

  1. Comparator Drug Sourcing Innovation Platforms
  2. Innovations in Early Phase

 

  1. Comparator Drug Sourcing Sustainability
  2. Sustainability in Early Trials

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The global market is expected to grow with a CAGR of 7-7.5 percent between 2020 and 2025

  • 2020 market value stood up to $ 0.96 billion
  • Emerging countries in Eastern Europe and Asia pacific have been evolving in providing comparators and clinical trialsupplies which can cater to the client needs across globe. Sourcing from emerging countries provide value for the productat better pricing
  • At the same time global players are reaching small markets by expanding their network with distributors/logistics playerswho can deliver to regions with fewer supply base.

Impact of COVID-19 on Comparator Sourcing 

While COVID-19 outbreak has greatly impacted trial supply value chain from pre-clinical until data analysis, one of the main reasons for huge impact is lack of demand forecast and feasibility planning. In the future, pharma companies can adopt collaborative approach for procurement of trial supplies and have a diversified supplier base

  • Reliance on single global player is reducing owing to the pandemic and pharma is now looking for diversified local players as well to minimize logistic and supply disruptions

Digitization in procurement

  • Innovations in the trial supply chain through innovative e-commerce platforms using artificial intelligence is revolutionizing this space where delivery to various sites is possible through these platforms
  • These platforms also enable to connect with various suppliers for a particular trial supply including comparators and evaluate the right supplier

Import of API and logistics

  • Given the virus outbreak, logistics of trial supplies has taken a big hit. India has restricted export of 26 active ingredients, which is about 10 percent of all drug exports from India.

Consolidated base for trial supplies

  • There is a heavy reliance on the global suppliers for trial supplies, given that they have centralized inventory management and platform to manage workflow.

Market Trends

The COVID-19 pandemic has created the need for automation, but also has resulted in 5-10 percent dip in the industry. This may be due to industries working with limited workforce

Use of IRT/RTSM

  • To improve efficiency in clinical trial processes, to save valuable resources, pharma is automating clinical trial supplies process including sourcing of comparators that includes adopting new technologies in packaging and labelling, printing, use of IRT and RTSM and integrating the solutions for efficient clinical operations. Industry is moving to Integrate IRT systems with EDC to enhance visibility in clinical operations and flow of clinical supply
  • IRT provides access to patient data and on time delivery of drugs to the patient, which increases the efficiency of trial and reduces the cost to trial (reduces overages).
  • Integrating IRT with real-time monitoring devices will increase the flexibility and make it easy for investigators to monitor patients in remote location.
  • Suppliers are actively moving to adopt digital data collection from paper based process.

AI & Block Chain Technology

Applying AI to comparator sourcing will increase the operational efficiency and reduces the trial cost by reducing the overages of sourcing

  • A clinical supply chain management company developed logistics software platform that uses EDC and IRT to actively monitor clinical supply consumption, patient timelines and supply kit expiration
  • Block Chain is being implemented in pharma procurement supply chain financial services platform to improve efficiency, transparency, and financial operations
  • In Africa, mass serialization and block chain tech(assigning an ID for a product and saving as an asset in the block chain) is being adapted to reduce counterfeit and illegal supply of drugs

 

Comparator Drug SourcingMarket Frequently Asked Questions

  1. How much is the global comparator drug sourcing market worth?
  2. The global comparator drug sourcing market attained a valuation of $0.96 Bn in 2020, and the figure is likely to multiply at 7-7.5 CAGR during 2020-2025.
  1. What strategies are market players implementing?
  2. As part of their market strategy, global comparator drug sourcing market players are focusing on sourcing comparators and clinical trials from emerging countries at better pricing. In addition, they are tapping into small markets by joining forces with distributors/logistics players who can deliver to different regions with fewer supply bases.
  1. How has the COVID-19 affected the global comparator drug sourcing market?
  2. The COVID-19 pandemic has adversely affected the logistics of trial supplies, from the pre-clinical stage to data analysis. While the crisis has underscored the need for automation, industry growth has slumped by 5-10% due to a limited workforce.
  1. How will digitization in procurement help market vendors?
  2. Innovations in the trial supply chain via e-commerce platforms using artificial intelligence (AI) will enable delivery to multiple locations. Moreover, these platforms allow market players to connect with various distributors for a specific trial supply, including comparators, and examine the suitable distributor.
  1. What is the role of technology in the global comparator drug sourcing market?
  2. Equipping comparator sourcing with AI boosts the operational efficacy and slashes the trial cost by decreasing sourcing overages. Moving ahead, implementing blockchain in pharma supply chain financial service platforms improves visibility, efficiency, and financial operations.
  1. Why are market players increasing their investments in IRT?
  2. Several global comparator drug sourcing market players are integrating interactive response technology (IRT) with an electronic data capture (EDC) to improve transparency in clinical operations and the flow of clinical supply. Moreover, fusing IRT with real-time tracking equipment enhances flexibility and makes it easy for medical professionals to monitor patients residing in remote areas.

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