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Clinical Trials - Statistics

Written by Vanessa Jones, B.A  | Medically Reviewed by Dr. Sunil Shroff, MBBS, MS, FRCS (UK), D. Urol (Lond) on Apr 22, 2016
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Clinical Trials - Statistics

  • In a study done by Confederation of Indian Industry (CII) shows that clinical trials in India in 2002 generated $70 million in revenue and it predicts that it would grow to $200 million by 2007 and anywhere between $500 million and $1 billion by 2010.
  • India's Pharmaceutical market is the second largest in Asia , growing by more than 9% annually.
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  • The Indian Pharmaceutical industry is estimated at US $5.40 billion and projected to grow up to US$ 7.40 billion.
  • Analysts are projecting that total Clinical Research spending in India will increase by more than 30% annually.
  • The Clinical Research industry in India has grown from Rs.20 crores to Rs.100 crores over the past three years and according to a recent McKinsey report, it is expected to touch 5000 crores by 2010.

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Comments

laoscathy

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ArpitTrivedi

Hi everyone. I need some guidance from all Clinical Research experts. I want to pursue a course : "Masters in Clinical Research : MSCR" offered by ICRI-MUSC. It is a 2 year course, 1st year course by ICRI Global Research and 2nd year course by Medical University of South Carolina. Is this a genuine course or some sort of gamble? Please give your valuable guidance. I have completed my MSc in Biochemistry this year in India.

cresenti


CLINICAL RESEARCH IS ADVANCING DAY BY DAY AS THE NEW FORM OF VIRUSES STAGES ON THIS WORLD EVERY OTHER DAY ... STUDY OF CLINICAL RESEARCH WILL HAVE A GTREAT CAREER

Rahul123

Yes, clinical research is a growing industry in India at the moment. I am a BSc Biochem and want to make my career in this field. I recently joined James Lind Institute for my clinical research course and I hope to get placed somewhere soon.
Rahul Jain

harshit

There is a need of good clinical researcher professionals as India is going to be major hub of clinical trial industry. This can be achieved by educating medical professionals, researchers and graduates on Good Clinical Practice, Ethical conduct of the trial, discouraging fabrication of data and following timelines.

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