Clinical Trial Outsourcing Set to Reach 72% by 2020 as Industry Embraces CRO Partnerships
- The pharmaceutical industry is witnessing a dramatic shift towards outsourcing clinical trials, with projections showing an increase from 23% in 2012 to 72% by 2020.
- Strategic partnerships between sponsors and Contract Research Organizations (CROs) demonstrate potential for reducing costs, improving trial efficiency, and enhancing data quality.
- Successful collaboration between sponsors and CROs requires transparent communication, shared decision-making, and aligned performance metrics to overcome operational challenges.