Virtual Clinical Trial Service Providers Market by Type of Therapeutic Area

11 day(s) ago
URL: https://www.rootsanalysis.com/reports/virtual-clinical-trial-service-provides-market.html
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Owing to its highly cost and time intensive nature, the development of a novel molecular entity is a complex and sophisticated process. In fact, it is estimated that before receiving regulatory approval, a prescription drug requires more than 10 years and close to USD 3 billion in capital investment. Additionally, close to 40% of the pharmaceutical industry’s R&D budget in the US is spent on conducting clinical trials assessing the efficacy of novel treatments.

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