CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
lifesciencesreview
US
EUROPE
APAC
CANADA
  • US
    • US
    • EUROPE
    • APAC
    • CANADA
    • LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
×
#

Life Science Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Life Science Review

Subscribe

loading

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

A Look at the Trends Impacting Clinical Trial in Life Sciences

Life Sciences Review | Thursday, July 16, 2020
Tweet

Life sciences companies have increased spending on technologies, given their transformative power over the R&D process and cost savings.


FREMONT, CA: Life sciences industry need technologies to perform tasks that are beyond human capabilities. Due to changing trends in the life science laboratory environments, has resulted in significant impacts. Though technology has been increasing and regulation of innovative methods is easing, life sciences companies have been slow to use the emerging technologies, due to the complexity prevailing this space and a highly fragmented supply market. Here are the key technologies that have a high impact across trial phases.


• Patient-Centric Trials


Disruptive technologies like wearables, mHealth, and RWE have paved the path to conducting trials. From patient enrollment to drug administration and follow-ups, everything is performed through a phone given to trial participants, which not only cut patient enrollment time by 50 percent but also generate a diverse pool of participants and insightful clinical endpoints.


• Automation to Remain Competitive


Recently, there has been significant spending by life sciences companies on AI and Big Data analytics, given their transformative potential over the R&D process and the cost savings they provide. 


Competition in the market, in addition to business transformation and agility, is one of the significant forces driving huge investments.


• Ingestible Sensors to Target Adherence


Increased impact on treatment adherence has been one of the vital reasons for the surging interest in technology by life sciences companies. Introduction of wearables and ingestible and the use of AI-driven chatbots to monitor patient outcomes are trends thriving in pharma R&D.


• Virtual Clinical Trials


Pharma companies are increasingly adopting technologies through collaborations with major players in the market. This greatly increases the conventional global participation of only 3 percent in clinical trials. It is a method of conducting clinical trial taking full advantage of technologies like apps, electronic monitoring devices, and online engagement platforms. 


• Clinical Trial Payment


Investment in clinical trial technology in future years will be directed toward technologies like Big Data and blockchain. Due to the high adoption of clinical trial management systems and mobile payments, suppliers have been able to scale up and mature. Integration across various other technologies and ease of use will be the significant factors determining supplier innovation.


See also: Top eClinical Trial Management Consulting/Service Companies


Weekly Brief

loading
Towards a New World Order
> <
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue

Read Also

The Role of AI in Accurate Medical Writing

Patrik Renblad to Join Cantargia as Chief Financial Officer

Overview of the Life Sciences BPO Market

Dr. Zamaneh Mikhak Joins TFF Pharmaceutical as the New Chief Medical Officer

The Significance of AI in Medical Writing

The Importance of Technology in Multinational Clinical Research

Hepion Pharmaceuticals to Get a Total of $ 3.2 Million in Non-Dilutive Financing

Benefits that Medical Writing Offers

Loading...

Copyright © 2023 Life Sciences Review . All rights reserved. |  Subscribe |  About Us follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.lifesciencesreview.com/news/a-look-at-the-trends-impacting-clinical-trial-in-life-sciences--nwid-85.html