Global Pharma Clinical Trial Patient Recruitment & Monitoring IT Solutions, Forecast to 2020

Global Pharma Clinical Trial Patient Recruitment & Monitoring IT Solutions, Forecast to 2020

Wearables and Mobile Technologies Growth Opportunities in Digital Transformation Journey of Clinical Trials

RELEASE DATE
17-May-2018
REGION
North America
Research Code: K2B4-01-00-00-00
SKU: LS00281-NA-MR_21910
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Description

Clinical trial sponsors and clinical research organizations (CROs) are facing intense pressure to change the way clinical research is conducted and justify the costs and time involved in the clinical development process. Some of the prevailing challenges in the clinical trial industry include the complexity and cost of conducting clinical trials, the failure of trials, increasing regulatory requirements for future targeted therapeutics, and the growing number of multi-regional and international trials. Among these, patient recruitment and monitoring activities are considered to be most cost and time-consuming aspect of the clinical trial process. Industry estimates suggest that about 80% of pharmaceutical clinical trials do not meet enrolment deadlines, resulting in an average loss of up to $1.3 million per day for a given drug candidate. Additionally, up to 37% of research sites fail to meet their enrolment targets, and 10% fail to even recruit a single patient for the study.

Digitization is playing a critical role in transforming clinical trials model from traditional (centralized) high-cost and difficult-to-access settings to more patient-centric and efficient virtual models. In particular, pharmaceutical companies are seeking to leverage mHealth solutions—embracing digital technologies such as wearables, smartphone Apps, and cloud-based remote/virtual clinical trial platform solutions—for improving patient engagement, preventing trial failures, and, overall, improving the drug development profitability. Early application of wearable devices and smartphone apps across remote or virtual clinical trial designs demonstrate compelling benefits around optimizing the patient recruitment process by opening up new geographies to increase access to the larger patient population and reduce trial costs by streamlining the trial processes and demonstrating real-world efficacy. Digital e-Recruitment solutions leveraging mHealth technologies and innovative crowdsourcing models promise to drive efficiency and optimize the patient enrichment strategy for future patient-centric clinical trials. This, in turn, would help to improve patient engagement with autonomous and digital workflows (e.g., eConsenting, remote monitoring, virtual training, and reminders) that reduce the burden on the patient and the caregiver. Furthermore, based on research findings, clinical trials industry participants across North America and Europe will continue to the major markets for mHealth technologies application in the clinical trial industry by 2020. Easy access and convenience factors offered by mHealth-enabled remote trials could significantly reduce patients’ travel cost to the sites as they could now participate from their homes using computers and smartphones, eventually improving retention. mHealth technologies provide new possibilities to capture objective digital biomarker data, increase the reporting quality of clinical trials, and reduce SDV by eliminating errors due to with traditional paper-based reporting by patients or investigators.

Research Scope

The research service analyzes the growth opportunities of mHealth technologies across clinical trial remote patient recruitment & monitoring applications. It also evaluates and discusses market projections, key trends, technology lifecycle, and the key implementation challenges of emerging digital solutions. Finally, it provides industry best practices, case studies, cost-benefit analysis, and strategic imperatives for key clinical trial industry stakeholders such as pharma sponsors, CRO, sites, and technology providers.


Key Issues Addressed

  • What are the key trends and growth opportunities tied to emerging digitally-led clinical trials operating models (e.g., remote or virtual clinical trials)?
  • Which emerging tech solutions have the strongest growth potential for optimizing patient recruitment and monitoring workflows (e.g., mHealth, Wearables, etc.)?
  • What are the challenges with current clinical trial patient recruitment and monitoring workflows and how these can be filled by emerging digital health solutions?
  • How does the new ecosystem of digital solution providers look like with specific reference to clinical trials patient recruitment and monitoring?
  • What are the industry best practices for patient recruitment, trial management etc.?
  • What are the key challenges while implementing these digital solutions across the clinical development value chain?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Six Big Themes—Clinical Trial and Development Digitization

mHealth Ecosystem Solutions—Promoting Patient-centric Trials

Clinical Trial Digitization—Top 3 Growth Opportunities

Key Questions this Study will Answer

Market Definition—Clinical Trials and Development IT Solutions

Clinical Trials Patient Recruitment and Monitoring IT Solutions—Major Segments by Technology and System Types

Emerging Vendor Ecosystem—Clinical Trials Patient Recruitment and Monitoring IT Solutions

Six Big Themes—Clinical Trial and Development Digitization

Patient Recruitment Challenges

Focus on Patient Centricity—Case Examples

Evolving Clinical Trial Models

Evolving Clinical Trials Models for Precision Oncology Therapeutics

Clinical Trial Patient Enrichment Strategies and Case Studies

Entry of Non-traditional Players

Digital Continuity—IT Solutions Adoption Potential

Technology Lifecycle for Select Clinical Development IT Solutions

mHealth Technologies Category Definition

mHealth Ecosystem Solutions—Promoting Patient-centric Trials

Growth Opportunity—mHealth Solutions

mHealth Solutions Implications across Clinical Trial Value Chain

Current Challenges and Role of mHealth Solutions

Revenue Forecast—mHealth Solutions: Wearables and Smartphones

Forecast Assumptions for the mHealth Solutions Market

Forecast Assumptions—Key Trends for Clinical Trials mHealth Market

Forecast Assumptions—Key Trends for Clinical Trials mHealth Market (continued)

mHealth Technologies Adoption Trends in Commercial Clinical Trials

mHealth Application for Developing Novel Endpoints for Clinical Trials

mHealth-based Remote Trials—Potential Cost-Saving Opportunities

Evolving Clinical Trial Patient Recruitment Strategies

Clinical Trial e-Recruitment Solutions Market Overview

Select Case Studies—How mHealth Solutions Optimize Patient Recruitment and Retention for Clinical Trials?

MolecularMatch—Democratizing Cancer Clinical Trial Patient Recruitment

Antidote Technologies, Inc—Democratizing the Clinical Trial Process

patientslikeme—Online Patient Social Network (US)

Clinical Trial Enrichment—Technology Select Start-ups

Evolving Clinical Trial Models

Clinical Trials Remote/Virtual Monitoring Solutions Market Overview

Case Study—VERKKO: First Remote Clinical Study in Europe

Case Study—mHealth Enabled Companion Digital Therapy

Science 37 + AOBiome LLC—Virtual Trial Microbiome Acne Treatment

Science 37—Expanding Pharma Sponsor Collaborations

Select Case Studies—How mHealth Solution Optimizes Patient Reporting and Engagement?

Aparito—Remote Patient Monitoring for Pediatrics and Orphan Diseases (UK)

Evidation Health—SaaS platform for Behaviour-focused Studies

Strategic Imperatives for Key Industry Stakeholders

eClinical Solutions Convergence Potential with Emerging Technologies

Clinical Trials Internet of Things (IoT) Ecosystem—2025

Blockchain—Potential Impact across Drug Development Value Chain

Biometrics that Can be Tracked by Wearable Technologies

Partnering to Innovate—Beyond Conventional Boundaries

Key Challenges for Implementing Digital Solutions for Clinical Trial Remote Patient Recruitment and Monitoring

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Clinical trial sponsors and clinical research organizations (CROs) are facing intense pressure to change the way clinical research is conducted and justify the costs and time involved in the clinical development process. Some of the prevailing challenges in the clinical trial industry include the complexity and cost of conducting clinical trials, the failure of trials, increasing regulatory requirements for future targeted therapeutics, and the growing number of multi-regional and international trials. Among these, patient recruitment and monitoring activities are considered to be most cost and time-consuming aspect of the clinical trial process. Industry estimates suggest that about 80% of pharmaceutical clinical trials do not meet enrolment deadlines, resulting in an average loss of up to $1.3 million per day for a given drug candidate. Additionally, up to 37% of research sites fail to meet their enrolment targets, and 10% fail to even recruit a single patient for the study. Digitization is playing a critical role in transforming clinical trials model from traditional (centralized) high-cost and difficult-to-access settings to more patient-centric and efficient virtual models. In particular, pharmaceutical companies are seeking to leverage mHealth solutions—embracing digital technologies such as wearables, smartphone Apps, and cloud-based remote/virtual clinical trial platform solutions—for improving patient engagement, preventing trial failures, and, overall, improving the drug development profitability. Early application of wearable devices and smartphone apps across remote or virtual clinical trial designs demonstrate compelling benefits around optimizing the patient recruitment process by opening up new geographies to increase access to the larger patient population and reduce trial costs by streamlining the trial processes and demonstrating real-world efficacy. Digital e-Recruitment solutions leveraging mHealth technologies and innovative crowdsourcing model
More Information
No Index No
Podcast No
Author Kamaljit Behera
WIP Number K2B4-01-00-00-00
Keyword 1 North American Mobile
Is Prebook No
GPS Codes 9562-B1,9568-B1,9600-B1,9611-B1,9627-B1,9A43-B1,9A44-B1