Pharmaceutical companies are continually outsourcing their research and development activities—including early-stage research programs— to contract research organisations (CROs) as a means to stay competitive, flexible, and be profitable. Consequently, Europe is emerging as a key location for clinical research as several small-to-midsize CROs are focusing on the region, propelling growth.
Today, several technology-focused CROs are developing in-house expertise, which is altering the global clinical trial paradigm with the implementation of virtual, adaptive, and remote clinical trials. From a business standpoint, CROs are moving toward an embedded model by integrating their services with the sponsor’s business strategy, thereby supporting pharma companies as their end-to-end solution provider.
Even CROs are now expanding their addressable market by increasing the breadth and depth of solutions across the entire drug development lifecycle. They are investing in big data and leveraging data from wearable medical devices to improve the quality of data and efficiency of trails.
At this juncture, many cutting-edge CRO consulting/ service companies are entering the domain with advanced and integrated offerings. To help the pharmaceutical sector strengthen its operational capabilities and simultaneously enable growth in the industry, Pharma Tech Outlook has compiled this edition. The list comprises prominent organisations that are addressing issues pertinent to the pharma sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Pharma Tech Outlook’s, “Top 10 CRO Consulting/Service Companies in Europe - 2020.”