Future of clinical trial industry in India and abroad, Health News, ET HealthWorld

by Kanishk Dugal

Clinical trials are conducted to evaluate the safety and efficacy of new drugs and medical devices on human subjects. All clinical trials go through four phases. Phase I – Trials test a drug’s safety on healthy volunteers. Phase II and III – Trials test the drug’s efficacy on patients. Phase IV – Trials or pharmacovigilance are conducted once the drug is marketed to monitor for its safety in larger populations.

Most of the clinical trial business in the global market originates from the US, Eastern Europe, India, and China. The global clinical research sector is exploring India by increasingly outsourcing clinical trials. Analysts are projecting that total clinical research industry will grow at an exponential rate especially after post COVID era.

Clinical research holds tremendous scope and opportunities not only for trained medical, pharmaceutical and paramedical professionals, in various organizations like as CRO, SMO, KPOs, and CDM & Pharmacovigilance companies & medical writing organizations.

Clinical trials in India

India has become the most preferred destination for global clinical trials because of significant cost advantage and other resource advantages. The unique advantages that make India so attractive are the 3 ‘P’s— Population, Patients and Physicians

There are many

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