IoT and EDC technologies Driving Innovations in the Drug Development Biometric Services Market
London, Mar 21, 2018: Increased investment in drug research and focus on cost reduction by outsourcing data management services have driven the need for drug development biometric services. Additionally, availability of technology platforms such as IoT and EDC that reduce the time required for manual report fabrication has also contributed to the growth of global drug development biometric services market.
SpendEdge’s latest procurement research report on the global drug development biometric services market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the pharma and healthcare, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Most pharma drug manufacturers and researchers do not possess the competency to conduct data management processes in-house. As a result, there is a demand for CROs and third-party clinical trial data management service providers that would conduct data management process efficiently, resulting in low cost for buyers and better management results.” – Bhuvaneshwari Udayakumar, pharma and healthcare expert at SpendEdge.
Suppliers providing biometric services for drug development may be using either proprietary software or source it from an IT products supplier. These solutions need to be compatible with the type of data collected in clinical trial so that statistical analysis can be made based on these data. As a result, procurement professionals face challenges in re-engineering clinical trials in this market.
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- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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