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2014-2018 Late Phase Study Trends and Market Outlook

  • October 2014
  • -
  • Industry Standard Research
  • -
  • 73 pages

Summary

Table of Contents

Staying up-to-date with industry practices and usage patterns in this critical stage of clinical development is essential to making informed decisions regarding your own Late Phase research, regardless of whether you work at a sponsor organization or a service provider.

This report provides an overview of current market dynamics in the Late Phase space as well as an outlook of what our survey respondents, all Late Phase decision-makers at sponsor organizations, envision the marketplace will look like in 2018.

ISR also explores the perceptions and selection of Late Phase service providers. Understanding these dynamics can help both study sponsors and CROs better evaluate their position in the marketplace and prepare for upcoming changes and new trends.

What you will learn in this report:

- 4-year examination of the industry’s Late Phase market dynamics (i.e. study volume, outsourcing spend)
- Average per company spend on Late Phase studies and dollar value of outsourced studies
- Criteria sponsors use to select (and disqualify) clinical service providers
- Study conduct and outsourcing penetration across 18 Late Phase study types
- Sponsor predictions and preferences for future changes in Late Phase studies
- Detailed examination of the decision-making process for Late Phase studies

How you can use this report:

For Sponsors: Evaluate your position in the marketplace and prepare for upcoming changes or new trends. Benchmark your Late Phase outsourcing practices against industry-wide trends to make more informed operational, resourcing, and financial decisions.

For Service Providers: Drive operational and Late Phase sales and marketing strategies by understanding sponsor preferences, most important service provider attributes, and reasons service providers lose bids. Develop strategies based on current trends and Late Phase study volume and outsourcing projections for the next 4 years.

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