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5. May 2010 04:15
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What is Clinical Research?
Clinical Research is a systematic study for new drugs in human subjects to generate data for discovering or verifying the Clinical, Pharmacological (including pharmacodynamic and pharmacokinetic) or adverse effects with the objective of determining safety and efficacy of the new drug.
Clinical Research Industry - A Global Perspective
The global pharmaceutical market is estimated at US$ 427 billion and Research & Development cost is estimated at US$ 60-65 billion annually. Two thirds of this amount is spent on Drug Development, ie, approximately US$ 40 billion. Clinical Trials involve almost 70% of time and money of new Drug Development. Cost of conducting Clinical Trials for a new drug is approximate US$ 200-250 million.
Clinical Research Industry has grown around the world at an unparalleled rate in the past few years. It has opened up new vistas of employment for a large number of people. The Clinical Trials market worldwide is worth over US$ 45 billion and the industry has employed an estimated 2,10,000 people in the US and over 70,000 people in the UK and they form one third of the total Research & Development staff. These large numbers can be attributed to the fact that this industry offers lucrative employment opportunities. The average nominal annual salary growth across all the positions is 4% as against less than 1% for other segments.
Clinical Research Industry - An Indian Perspective
In recent years, Clinical Research outsourcing to India has been increasing due to several prizes attributes for clinical trial development, some of which are:
- Large and diverse patients' pool for conducting clinical trials
- Availability of Medical, Pharmacy and Science graduates
- Excellent infrastructure facilities
- Comparative cost advantage
- Changes in the Patent Laws
The Clinical Research industry in India has grown from Rs 20 crores to Rs 100 crores in the last three years. As per a recent McKinsey report, it is expected to touch Rs 5,000 crores by 2010 and will employ 50,000 people in the next five years.
There will be a huge demand for qualified and trained Clinical Research Professionals.
Many pharmaceutical organizations and Clinical Research organizations have already come forward to unlock the vast potential that India has, and are conducting Clinical Trials in India.
Major Players in Clinical Research
India has numerous Clinical Research player swith a global standard infrastructure and manpower. They are ready to support the drug development initiatives of several pharma companies and entrepreneurs. As the number of studies carried out by these major players is on the rise, the career prospects for Clinical Research professionals look positive. The number of players in the Clinical Research industry in India has risen to over hundred from less than eight, three years ago. Ernst & Young estimate that spends on clinical trials was USD 20 million 2003 and has sharply risen to USD 300 million in 2005 and expected to rise to USD 1.5 billion by 2012. Apart from this India has 268 approved clinical trials that are in progress.
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MeraCareerGuide
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5. May 2010 04:11
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With increasing demand of the industry full fledge curriculum was built by academicians to ensure a good supply of professional to the industry. To create world-class Clinical Research professional it is required to get right education. Different courses available across colleges in Clinical Research are:
Full Time courses:
1. Post Graduate Diploma in Advance Clinical Research
Course Duration : 10 Months with 2 Months Dissertation
2. MSc Clinical Research Management
Course Duration : 2 years
3. MSc Clinical Research
Course Duration : One year
4. MSc in Clinical Research Management
Course Duration : 2 years
Part Time courses:
1. Post Graduate Diploma in Clinical Data Management
Course Duration : One year
2. PG Diploma in Clinical Research
Course Duration : 10 months including 1 month dissertation
3. PG Diploma in Clinical Trial Managemen
Course Duration : 10 months
4. PG Diploma In Pharmacovigilance
Course Duration : 12 months
5. PG Certificate in Clinical Research for Nurses
Course Duration : 9 months
6. Certificate in Clinical Research for Nurses
Course Duration : 6 months
7. PG Diploma in Clinical Research Specialization in Business Development
Course Duration : 12 months
8. PG Diploma in Clinical Research Specialization in Quality Assurance and Audit
Course Duration : 12 months
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MeraCareerGuide
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5. May 2010 04:07
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As the number of clinical projects expands and the requirement per project increases, large number of qualified personnel will be needed to handle the industry needs. The Clinical Research field will require the following professionals in the near future:
SMO (Site Management Office) |
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| CRO (Clinical Research Organization) |
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MeraCareerGuide
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5. May 2010 04:04
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What is Healthcare ?
Healthcare is the treatment and Management of illness of the elderly, and the preservation of health through services offer by the Medical, dental, complementary and alternative medicine, Pharmaceutical, clinical sciences, nursing, and allied health professions. Healthcare embraces all the goods and services designed to promote health, including preventive, curative and palliative interventions, whether direct to individual or to populations.
The growth potential for Healthcare is tremendous and infinite. Healthcare can be termed as a Recession- proof sector without doubt. As per the CII- Mckinsey Industry Analysis Report, the demand is expected to outstrip supply over the next decade in the healthcare sector. In a country of more than a billion people, almost 80,000 additional hospital beds will be required every year for the next three to four years to adequately meet growing healthcare demands.
The government, traditionally the largest healthcare provider, is now under pressure to meet evolving the rising demands for healthcare services across the country. The healthcare industry’s size is currently estimated at USD 20 billion and can increase to USD 60 billion by 2010.
Need of Healthcare
- India will need over 700,000 Healthcare Management professionals by 2012
- Better Health Insurance Awareness (More insurance Company are available)
- Increasing population
- Patients demanding about treatment, outcome & accountability
- 1 Doctor/10,000 patients
- Rising Income Levels (people are spending more on medical Treatment) hence can afford
- Patients have better access to medical information & thus part of decision making process
- Population of 1.2 billion by 2015
- Health awareness is growing
- Corporatization of hospitals
- Newer treatments
- Lifestyle diseases
- Quality Health
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5. May 2010 04:01
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Opportunities in HealthCare Industry
Mc Kinsey Report predicts that India's health care industry will reach staggering US$ 190 billion. Healthcare sector is set to change drastically in India in the near future. Many corporate organizations have unfolded their plans to build state-of-art thirty to fifty hospitals each including Superspeciality hospitals in metros and second tier cities. Some of them have plans to expand in Middle East and South Asian Countries. India today has number of world class corporate hospitals equipped with the most advanced technology and highly qualified and experienced clinicians.
The Indian Healthcare industry is undergoing a phenomenal expansion and India is now looked upon as the leading country in the promotion of medical tourism, with an annual growth rate estimated at 30%. It has grown from 15% in 2000 to 30% in last five years. As per study, more than 1,50,000 medical tourists visited India in a year. The Indian government's spend on the healthcare sector is expected to be around 8% of the GDP by 2010.
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Healthcare Market Size & Trends
- As per the CII-Mc kinsey Industry Analysis Report, demand is expected to outstrip supply over the next decade. Almost 80,000 additional hospital beds will be required every year for the next three to four years to adequately meet growing healthcare demands.
- The government, traditionally the largest healthcare provider, is now under pressure to meet evolving and rising demands for healthcare services across the country.
- The healthcare industry's size is currently estimated at USD 20 billion and can increase to USD 60 billion by 2010.
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5. May 2010 03:57
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| Listing down list of 200 leading Organizations where career can be made. |
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5. May 2010 03:25
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1. What are Clinical Trials?
Clinical trials are studies conducted on human subjects for verifying the clinical, pharmacological and adverse effects of the drug. This are clearly define and well designed study to meet the objective of determining safety and efficacy of the new drug.
2. Why is Clinical Research required?
Clinical research helps to bring new drugs into the market for new diseases, or introduce drugs with lesser side effects. Drugs having low cost, better compliance, and lower undesirable drug interactions. They may be conducted to study delayed and long term adverse effects of the drugs meant for chronic ailments. All new vaccines, diagnostic products, medical devices, biological and bio-technology products are considered as new drugs and have to undergo similar testing before marketing.
3. What is the role of Clinical Research Organizations (CRO) in clinical Research?
Clinical Research Organizations conduct human trials on behalf of big pharmaceutical companies (sponsors) who intend to manufacture and market new drugs.
4. Which regularly body controls clinical trials in India?
The Central Drugs Standard control Organization (CDSCO) headed by the Drugs Controller General (India) (DCGI) controls the conduct of clinical trials in India.
5. Which regulatory bodies control the clinical trials worldwide?
- US Food and Drugs Administration
- The European Medicines Agency (EMEA)
- In Japan National Institute of health Sciences (NIHS)
6. What are the career options after doing this course?
After fi9nishing the course one can join different CROs/Pharma Companies (Global/Local), Site Management Organizations where they can work in departments like Data Management, Regulations, Quality control/ Assurance, Ethical comities, Clinical operation Dept., Business Development dept., Marketing and PR depts.
7. Who should be the Target audience?
The Target audience is Graduate/ Postgraduates in:
- Medicine MBBS, BAMS/BHMS)
- Dentistry (BDS)
- Life Science
- Pharmacy (BPharm/ MPharm)
- Biotechnology
8. Where are the placements done for Healthcare students?
The Placements will be done in Hospitals/ Policlinics/ Pharmaceuticals, Health Insurance, Medical Tourism Heath Associations, Nursing Homes, Rehabilitation center’s, Diagnostic center’s and Financial Companies involved in Healthcare like Apolo, Wockhart, Max Healthcare, Forts Group, Emmar Group Parkway, Hinduja, Jaslok, Asian Heart, Leelavati Hospital, Reliance ADAD Group etc.
The Students can look up to working as:
- Hospital Operations Executives/ Managers
- Projects Executives/ Managers
- Marketing Executives/ Managers
- QA- Executives/ Managers
- PR- Executives/ Managers
- OPD Executives/ Managers
- Executives/ Managers – Nursing Home
- Business Development Executives/ Managers
- Personal Management Executives/ Managers
- Utilities Manager
- Catering and Diet Management
- Material Managers
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