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Netscribes latest market research report titled Clinical Trials Market in India 2014 analyses how India is a potential global hub for conducting clinical trials by Indian as well as global pharmaceutical companies. Clinical trials are conducted on humans to examine the efficacy and safety of new drugs, treatments, therapies and new medical devices before launching them in the market. It is a necessary and final step for the completion of the drug development process. The market is divided into four phases - Phase I, Phase II, Phase III and Phase IV. Contract Research Organizations (CROs) are responsible for designing, monitoring, and managing clinical trials. The market is dominated by private players and foreign pharmaceutical companies.
The clinical research market in India has comparative advantage in conducting clinical trials regarding cost efficiency and a vast population suffering from acute chronic diseases. Government regulations regarding the compensation rule and approval time are hampering the market at present, but the situation is expected to improve soon. Apart from the pharma companies there are several research institutes involved in R&D of clinical trials. Increasing partnerships and changes in the regulatory environment are crucial future driving factors for this market.
Overview of the clinical trials phases
Overview of clinical trials market India and historical and forecasted market size data over FY 2013 to FY 2018e
Overview of the number of clinical trials being conducted in India
Qualitative analysis of market drivers, challenges and government participation
Analysis of the competitive landscape and detailed profiles of major players as well as the research organizations
Overview of the strategic recommendation
Get a clear understanding of current market situation and future growth prospects of the clinical trials market in India
Understand your competitors strengths and weakness, strategies and prospects, and respond accordingly
Get an idea of the average cost required for conducting clinical trials in India
Position yourself to gain maximum advantage by strategizing business models with a complete understanding of the business structures and strategies of competitors