Dr. Shivprakash Rathnam, Managing Director
Over the last couple of decades, the Indian clinical research sector has evolved into one of the prominent global destinations, competing with most developed countries. Driven by the globalization of clinical trials and growing disease variations, the industry witnessed an astounding growth of 1414 percent between 2003 and 2010 in the country. In 2009, India emerged into the most favorable location for the creation of new jobs in R&D, unseating U.S. and China which used to dominate the clinic trial scene, even surpassing the predictions of the UNCTAD survey that forecasted India to capture the third spot for the same. Having built their capacity and talent to cater to the whole world, today several Contract Research Organizations (CRO) in India have been witnessing a steady growth, owing to their proficiency in new technologies in clinical research. Our talented scientists are being sought by the largest international corporations for running their global trials and registering their products around the globe.
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Top 10 Clinical Trials Service Providers - 2020
According to grandviewresearch.com, almost 16 percent of the worldwide population is dependent on Indian clinical trials, and about 20 percent of the disease burden around the globe. However, only a fraction, less than 1.4 percent of the total global clinical trials are carried out in India because of lack of proper regulations. But, in recent times, the amendments in regulations forwarded by the Central Drugs Standard Control Organization (CDSCO), which include reduced approval period, and online registry, are predicted to drive the market growth. Factors such as the digitalization of clinical trials are projected to enhance the growth of the sector, where digitalization has streamlined several clinical trials methodologies like data capture, regulatory compliance, logistics, and supplies management, among others. Even so that the introduction of digital therapeutics, real-time data capture adhering to safety, and toxicity has been an easy process, which also promotes timely corrections in trial design, henceforth facilitates the market growth. When it comes to the Indian clinical trials market size, it was estimated at USD 1.6 billion in 2017. Increasing at a CAGR of 8.7 percent, the Indian clinical trials market size is expected to reach USD 3.15 billion by 2025. Enhancement in clinical trials globally, and a rapid increase in disease fluctuations, and occurrence, are projected to contribute to the clinical trial market. As there has been increasing new technology adoption in clinical research, and overwhelming R&D rise, promoting outsourcing, the Indian clinical trial industry is placed at the second position, following China, in terms of the patient population for clinical trials (by an Institute for Studies in Industrial Development report). The cost is also low in India (nearly half) than that is in the United States, and Europe. Bestowed to these reasons of finance, and geography, the Indian clinical trial industry is a booming sector. Recognizing the market trends, and domination, in this issue of the CEO Insights magazine, we present a list of ‘Top 10 Clinical Trials Service Providers - 2020’, featuring some of the top-notch companies. The listing is prepared by industry veterans, CEOs, and VCs, and the CEO Insights magazine editorial board. It delineates the names of the firms finding new and better cures for diseases.
|Company Logo||Company Name||Company Management||Company Description|
|Ardent Clinical Research Services||Chandu Devanpally,Founder & MD||An integrated, full service CRO attributing the space of clinical research via its advanced in-house software and clinical trial management solutions & services.|
|Croissance Clinical Research||Satish Marakurthi,Founder & CEO||A full-fledged Clinical Research Organization, providing services to pharmaceutical, biotechnology, and medical devices companies.|
|Genelife Clinical Research||Dhirendra Vikram Singh,Managing Director||Affording clinical services like phase i clinical trials, phase ii clinical trials, phase iii clinical trials, phase iv clinical trials, medical writing, statistical analysis, data management, project management, quality assurance, pharmacovigilance, regulatory affairs, site management, and consultancy services.|
|iDD Research Solutions||D.T. Arasu,Managing Director||A CRO working on changing the dynamics of clinical trials via its in-house developed software, and clinical trial management solutions & services iSMART.|
|Indivirtus||Dr. Upendra K. Jain,Founder & CEO||The company offers services such as health-based exposure limit assessment, eCTD, CTD, pharmacovigilance, GxP services, health economics and outcome research, medical billing, and coding.|
|INTOX||Dr. Prabhakar Y. Naik,Co-Founder, Director & CEO||Nurturing study solutions like general toxicity, reproductive toxicity, special toxicity studies, environmental toxicity, and biocompatibility studies for medical devices.|
|Labnetworx||Dr Sunil K Tadepalli,MD||Provider of consulting in healthcare, life sciences, pharmaceuticals and information technology.|
|Navitas Life Sciences||Srinivasan H R,Vice Chairman and Managing Director||Facilitates services like clinical research, generics development, data sciences, regulatory affairs, pharmacovigilance and safety, strategic consulting, and industry networks.|
|Samahitha Research Solutions||Sri Vatsa GS,MD||A quality & time stipulated drug discovery, research, and clinical trial services company working within the framework of good clinical practices, dedicatedly helping build a secure healthcare system.|
|Synchron Research Services||Dr. Shivprakash Rathnam,Managing Director||Leveraging a wide array of services like phase I/IIa BA/BE, phase II/IV, bioanalysis, biostatistics, and data management, and quality analysis.|