Clinical Research Services Procurement Report – Category Spend Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Global Clinical Research Services Market Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the pharma and healthcare industry. This report breaks down the data and analysis behind the procurement clinical research services and acts as an all-inclusive guide for making smart purchasing decisions.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171023005911/en/

Global Clinical Research Services Procurement Market Intelligence Report (Graphic: Business Wire)

“The global clinical research services market is driven by increased demand for drugs and medical devices from the biopharmaceutical and healthcare industries due to population expansion, aging population, and the rise in chronic diseases,” says SpendEdge procurement research analyst Tridib Bora. “The need for developing new drugs due to replenishment of lost revenues from high-profile drugs is leading to the increase in pharmaceutical R&D spending which is adding to the growth of the clinical research services market,” added Tridib.

Key Report Features

Looking for more insights from this report? Request a free sample report

SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.

Report Insights

• The growth of the global clinical research services market can be attributed to the need to assure the safety during drug development and on-time delivery of services. Also, the buyers prefer to outsource their clinical research services ranging from the clinical trial process to data management and retention, to clinical research service providers (CROs). This further increases the demand for such services globally.
• One of the best practices for the procurement managers is to engage with service providers that have a high adoption rate of technological innovations and offers a wide range of analytical testing capabilities, which caters to diversified buyer requirements.
• The major challenge faced by the procurement officials is to control the cost of clinical research/trial process. Buyers face difficulty in conducting clinical research in-house due to the high cost associated with building infrastructure and embedding equipment and technology to enhance the process. Therefore, the buyers need to adopt systematic procurement practices which enables them to deliver customized solutions.

This report is available at a discount for a limited time only: View the report snapshot before purchasing

Global Clinical Research Services Market Pricing Trends

Fixed pricing and variable pricing are the two widely adopted pricing models in the clinical research services industry. Fixed pricing model allows buyers to optimize efficiency to manage clinical programs with full transparency into service provider's data and study milestones. The variable pricing model enables buyers to stay up-to-date with price changes based on competitors pricing patterns. Also in fixed pricing model, the cost is determined already and helps customers to budget appropriately, whereas the variable pricing model increases supplier competition leading to competitive pricing for buyers.

We also customize reports to meet clients’ requirements.

Browse Related Reports:

• Global Lab Supplies Category - Procurement Market Intelligence Report
• Global Laboratory Equipment Services Category - Procurement Market Intelligence Report

About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171023005911/en/