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Wearables and Mobile Technologies Growth Opportunities in Digital Transformation Journey of Clinical Trials
17-May-2018
North America
Market Research
K2B4-01-00-00-00
LS00281-NA-MR_21910
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?
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
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List of Exhibits
List of Exhibits (continued)
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| Deliverable Type | Market Research |
|---|---|
| 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 |
Global Pharma Clinical Trial Patient Recruitment & Monitoring IT Solutions, Forecast to 2020
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