As the CRO space continues experiencing radical changes, there is no doubt that clinical trials continue becoming increasingly complex. In this mix, the proliferation of precision medicine has further changed the face of CRO owing to the ubiquitous demand for innovative and efficient conduct trails. Primarily, for Europe-based CROs, the areas impacting the sphere are the globalization of CRO and strict regulatory guidelines by the EU Clinical Trials Directives. The EU Directive continues creating a challenge for trials in Europe-based CROs through reinvigorating compliance standards for leading CROs. This has further triggered the need for efficient trial methods for working on more targeted theories.
However, traditionally the industry focused on experiences of trial design and operations, but that process has its hurdles such as a change in protocol and other recruitment challenges. Today, CROs are navigating into trials through deploying evidence-driven design capabilities that can shorten study timelines, reduce protocol amendments, and subsequently bolster patience recruitment process with more precise targeting. The application of advanced technology and analytics is creating a new pool of opportunities for improving trial performance by bringing forth cutting-edge approaches for trial designs, site selections, and patient recruitments. For instance, virtual clinical trials can enable CROs to be more effective and patient-centric as it enables them to create to more personalized approach that reduces the burden on patients.
These emerging trends indicate that several factors will define the functionality of CROs. In this context, niche and boutique CROs have geared up to provide competitive solutions to customers and help them respond to the company requirements. To help companies select the right CIOs, Pharma Tech Outlook’s distinguished panel comprising CEOs, CIOs, VCs, industry analysts, and the editorial board has come with “Top 10 CROs in Europe - 2018.” In our selection process, we have evaluated the vendor’s competency to provide efficient as well cost-effective retail solutions and services.
