10 Ways in which Technology is Driving Better Efficiency in Clinical Trials by insights10 - HTML preview

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A Market Research Report on

10 Ways in which

Technology is

Driving Better

Efficiency in

Clinical Trials

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Advanced Technologies Assisting in Conducting Clinical Trials

Technologies that are driving digitization in clinical trials

Device connectivity and

Patient recruitment

Blockchain

Sensing technologies

Mobile technologies

ultra-low-cost IoT

through AI

eSource and electronic

Patient data capturing

Remote monitoring

Virtual clinical trials

Wearable technologies

health record integration

2

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Transforming Clinical Trials with the Help of Technology (1/5)

New technological innovations are improving the efficiency and productivity of clinical trials using novel outcomes, increasing patient engagement,

and reducing patient burden

Device connectivity and ultra-lowcost IoT

Blockchain

▪ Connected devices are helping overcome the misinterpretation

▪ Blockchain-based solutions are providing more efficient ways of of data when it comes to the impact of drug dose-related side handling the early stages of clinical trials, particularly in relation effects, outcomes, and the patient’s general well-being to recruitment

▪ Ultra-low-cost connectivity components, coupled with direct-to-

▪ As blockchain provides a controlled way of accessing proof of cloud technologies, such as NB-IoT/LTE-M, are fueling the the existence of an entity, it is being used for monitoring the transformation toward fully connected and digitized clinical trials existence of consent

▪ Novartis, with the introduction of the connected BreezHaler,

▪ These solutions are assisting researchers, sponsors, and closely monitor patients’ drug intake during clinical trials regulators in better coordinating the need for re-permission for each batch of patient data corresponding to a particular version of a trial protocol by exchanging consent information and managing it

3

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Transforming Clinical Trials with the Help of Technology (2/5)

Mobile technologies offer the potential to reduce the costs of conducting clinical trials by collecting high-quality information on health outcomes in

real-world settings that are relevant to patients and clinicians

Sensing Technologies

Mobile Technologies

▪ Advanced sensors are becoming smaller, simpler to

▪ Mobile technology is enabling the collection of real-time data incorporate, and more useful without interfering with a patient's regarding activity or movements that may not be detectable at normal activities that are eventually taking the position of the same frequency using other equipment, such as an manual inspections and evaluations

accelerometer worn on a limb, waist, or put on the wheelchair, or a sensor built in a smartphone or gaming cell

▪ The development of new materials is also helping to advance the field of sensing technologies, a Korean team created

▪ Continuous measurement enables early illness progression prototype contact lenses that assess blood glucose levels and detection, when treatments may be more potent intraocular pressure using graphene and metal nanowires

▪ This might make it possible to evaluate the success of drug

▪ Contactless sensing is playing a key role in how data is development programs and boost the effectiveness of the trial collected, with the use of Near-Field Coherent Sensing (NCS) –

design

it is possible to avoid skin contact 4

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Transforming Clinical Trials with the Help of Technology (3/5)

Digital recruitment tools captures opted-in patient information to enable patient recruitment companies to instantly share other trial opportunities

that arise in the future

Patient recruitment through AI

Patient data capturing

▪ The use of AI technology is helping in identifying populations

▪ Clinical trial efficiency is increased through expanding patient that are suitable for clinical trials by sorting through vast engagement and improving clinical data, the Internet of Things, volumes of medical records also additionally, it is evaluating virtual reality, machine learning, and smart sensors are further social media posts to pinpoint places where an illness is more technologies that support improving clinical trials through data common, focusing the search for the suitable cohort collecting

▪ The TDA offers patterns of clinical traits and illness

▪ Clinical trials are centered on patient data since it guides future comorbidities, which gave insights into how particular patients clinical outcomes and research agendas will react to treatment or in a clinical study

▪ The usage of central data hubs and wearable devices is helping

▪ Three subgroups of type 2 diabetes were found by researchers to automate data monitoring and collects a variety of at Mount Sinai Medical Center in New York using Topological information that is difficult to obtain, this data can be statistically Data Analysis (TDA) of genotype and electronic health record monitored by organizations, and important information can data

theoretically be accessible from various locations 5

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Transforming Clinical Trials with the Help of Technology (4/5)

Virtual clinical trials have the potential to drive significant digital alterations in clinical research methodologies to create an improved patient-centric

ecosystem

Remote Monitoring

Virtual Clinical Trial

▪ Remote monitoring in clinical trials is a comprehensive, cutting-

▪ Fully virtual or decentralized trials use technology and edge digital technology that enables a flexible on-site/off-site procedures including eConsent, telemedicine, Electronic Clinical approach to research oversight

Outcome Assessment (eCOA), Remote Patient Monitoring (RPM), mobile health (mHealth), wearables, and digital

▪ Because there are fewer site visits necessary and more patients biomarker collecting to perform every aspect of the study with mobility challenges, travel concerns, and chronic and remotely

incapacitating illnesses can participate in the study, remote monitoring lessens the load on the patients

▪ Virtual clinical trials leverage the power of telehealth/digital technology by including virtual patient monitoring, wearable

▪ During site inspections, it enables on-site monitors to have medical devices, remote SDV, etc. to conduct safe and strategic conversations and work out issues, the monitor can improved clinical trial research. These virtual trials are patient-watch processes and address protocol violations rather than centric, cost-effective, and easy to manage.

reading papers while sitting in a room 6

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Transforming Clinical Trials with the Help of Technology (5/5)

Using wearable health devices is reducing the need for clinical visits, giving participants a greater degree of independence, which may in turn

increase the likelihood that patients will or can enroll in a trial

eSource and electronic

Wearable technologies

health record integration

▪ Through machine learning, artificial intelligence, and natural

▪ The integration of wearable health monitors with smartphones language processing tools, EHR data is now “read” and mapped now offers increasing capabilities to collect and store health directly into eSource and data collection databases data in real-time

▪ This ability to pull data directly from the EHR to populate

▪ An increasing number of pharmaceutical and biotechnology Electronic Case Report Forms (eCRFs) is resulting in a far sponsors are already using wearables to realize the potential more efficient clinical trial model

benefits

▪ With the adoption of EHR integration technology it is no longer

▪ GlaxoSmithKline used Apple ResearchKit in a study for necessary to read a patient's chart and then manually enter the rheumatoid arthritis called PARADE, which was supported by an necessary data into eCRFs thus reducing the requirement for iPhone app, this was the first time that a pharmaceutical clinical research associates to physically travel to the site to company had used the open-source software framework to audit the eCRF data against the EHR because the data is conduct clinical research

electronically sent straight from the EHR into the eCRF

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Who should buy this report?

Pharmaceutical

HealthTech

Digital Health

MedTech

Other Lifesciences

Players

Companies

Entities

Players

Companies

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Metaverse: Paving the way for Health 4.0

(Includes a total of 50 reports) Healthcare Future Outlook 2023

Patient Engagement- a New Standpoint on Care that is Patient-Centered

E-Rx, the Digital Version of Prescription Improvising the Chances of Better Patient Outcomes

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Integration of Healthcare Systems with Big Data and Data Silos

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Methodology & Scope

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Research Methodology

Insights 10’s research methodology delves deeper into the market, covering the macro and micro aspects of the industry. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions

We implement a mix of primary and secondary research for our market estimate and forecast. The secondary research forms the initial phase of our study where we conduct extensive data mining, referring to verified data sources such as independent studies, government and regulatory published material, technical journals, trade magazines, and paid data sources

For forecasting, the following parameters are considered:

Market drivers and restraints along with their current and expected impacts

Technological scenario and expected developments

End use industry trends and dynamics

Trends in the consumer behavior

Regulatory scenario and expected developments

Current capacity and expected capacity additions up to 2030

We assign weights to these parameters and quantify their market impacts using the weighted average analysis to derive the expected market growth rate

We appoint data triangulation strategies to explore different areas of the market. Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions

All our estimates and forecasts are verified through exhaustive primary research with the Key Industry Participants (KIPs)

Currency used in the report is the US dollar (USD), with the market size indicated in USD million/billion (Mn/Bn) 11

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Analysis Methodology

Our Analysis Methodology involves three critical stages: Market Data Analysis

Interpretation &

Data Collection

& Statistical Model

Presentation

Analysis &

Market Trends

Interpretation

Secondary

Research

Market Sizing &

Insights

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Primary

Research

Data Triangulation &

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Reporting

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Data Triangulation & Data Validation Top Down Approach

Final

Final Market size break up to

Market

rest of segmentation

Size

Validation from

Arriving at market size

Primary Interview

of each segment

Summarization of revenue

generated from companies

Validation from

to arrive at total market size

Primary Interview

Revenue generated by products & Final

services offered by companies

Summary

Bottom Up Approach

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Key Benefits for Stakeholders from this Report Study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets

Our tools provides stakeholders with a cohesive understanding of the industry outlook, considering the qualitative and quantitative industry variables

Comprehensive analysis of factors that drive and restrict the market growth is provided Comprehensive quantitative analysis of the industry from 2021 to 2030F is provided to enable the stakeholders to capitalize on the prevailing market opportunities

Extensive analysis of the key segments of the industry helps understand the applications and technologies used globally Our rigorous data collection, thorough statistical analysis and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors 14

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Time Frame

Report Attribute

Details

Quantitative Units

Revenue in USD Million/Billion (Mn/Bn) Base Year for

2021

Estimation

Market Overview, Revenue Forecast, Market Segmentation, Growth Factors and Trends, Report Coverage

Company Profiles, Competitive Landscape, Regulatory Landscape, Future Opportunities Report Customization (5 working days) with purchase. We will provide you with data that is Customized Report

currently not a part of our scope as a part of 2022-Forecast

customization

2030

Period

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Avail customized purchase options to meet options

your exact research needs

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What kind of Data is Presented

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a team of highly qualified

confidently make

would need to know

market expert to

methodology and

& experienced research

smarter business

about the market

understand what really is

insightful research

analysts & vetted by our

and strategic

including market size,

happening on the market

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and how it works

much more

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About

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Lifesciences Market

Research Reports you

can trust

A large database of over 30,000 syndicated market research reports in pharmaceuticals and healthcare sector at global, regional as well as country level. We also provide customized research reports tailor made to suit your needs

www.insights10.com

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Get Insights to take

informed Business

Decisions

Insights10 is a healthcare focused market research firm founded with an aim of being an insights driven company in the data driven world and delivering actionable insights that can drive decision and strategy making process for businesses

www.insights10.com

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Market Research Reports

across various domains of healthcare Pharmaceuticals

Digital

Medical

Healthcare

OTC &

Clinical

(Diseases & Drugs) Health

Devices

Services

Nutraceuticals

Trials

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Market Research Reports

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Customized Reports

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Statistical Databases

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We have access to multiple highly

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reliable free and subscription data

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latest information.

Press Releases of Key Market Players

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Over the years, we have developed an in-depth experience of executing market analysis at global, regional & country specific level in life sciences.

Our team has

conducted market

research across 62+

global markets in

America, Europe,

Middle East, Africa and

Asia Pacific regions

Research Projects Done

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Project Leadership Team

Dr. Purav Gandhi

Mukesh Nayak

Ritu Baliya

Atharva Bahad

Founder & CEO

Head - Marketing

Engagement Manager

Consultant

Purav is a physician and an

Mukesh is an engineering graduate

Ritu has over 6 years of experience in Atharva is a B.Tech (Biotechnology) and entrepreneur with 12+ years of

with an MBA in Marketing. He is a

strategy building, market assessments, MBA in Hospital and Health Management experience in Healthcare & Life

seasoned healthcare market

market sizing, and RWE for global MNC

with 2 years of experience working in Sciences industry spanning across

research & marketing professional healthcare & biopharma clients across consulting and project management in strategy, market access, health

with a progressive experience of over diff. markets (America, Europe, Africa, healthcare and Non-Government

informatics and RWE, digital health, 20 years in Life Sciences, Pharma

APAC and Middle East). Her areas of

organizations. Conducted

analytics and data science. Purav

and Medical Device sectors. With an

expertise include: Indentifying emerging comprehensive research and market

studied medicine from Gujarat

in-depth understanding of primary

trends in life sciences industry,

sizing exercise to understand the

University and also completed his MBA research, he has conducted

Competitor landscape assessment,

business potential for modern digital from IIM-Kozhikode. Purav started his hundreds of interviews of various

Disease opportunity assessments etc.

trends. Conducted comprehensive

career with Deloitte working on strategy stakeholders in pharma & healthcare She is a pro in secondary and primary secondary research for the subjects

consulting engagements and also co-

& completed several research

research with a deep domain expertise including the UK Mobility Aids market, founded ConvergeHealth by Deloitte.

projects across life sciences industry.

in healthcare sector.

Brazil’s Ophthalmology market, etc.

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7 years of experience working with leading organizations in pharma, MedTech and healthcare domain. Some of our recent clients are mentioned below

… and many more

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We would be happy to help.

Web: www.insights10.com

Email: insights@insights10.com Call: (+91) 931 639 7935

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