globeELIXIR has great IT enabled services for their clients, the global contract research organization market value reached $39 billion in 2018 and is expected to exceed $51 billion by 2024. The market is becoming competitive, with large CROs going for acquisitions and mergers to increase the portfolio and reach, whereas small and medium CROs are becoming more prominent with their personalized approach, contact flexibility, and budget-friendly services.
The drug discovery process is complex and critical while clinical development is more crucial with the requirement of huge resources and efficiency for optimal outcomes. Hence to make utilize of TOP Technologies such as Data Science, SAP Etc., for more optimise the drug complicity process.
Here is where the contract research organizations form a bridge between the discovery and launch of the drug substance for manufacturers by handling this burden. Data research, project management, tests, and trials that are run post-approval, pre-clinical, and clinical are just some of the activities covered. CROs add value to the research.
Clients, Sponsors or drug developers need to look for partners who deliver reliable outcomes with comprehensive data and add support to their research. Hence choosing a CRO is a crucial and complex process and should be evaluated cautiously.
The following points need to be thought before you partner with a CRO:
globeELIXIR having an excellent IT team, who will work client specific needs. We have Data Scientists, Project Managers, Experienced Business Analyst, Strong network engineers Etc.,