Rising private and public funding to support clinical trials

eClinical Solutions Market Seeking Growth from Emerging Study Drivers to 2026
Monday, July 22, 2019

Pharmaceutical companies and government funding agencies are increasingly funding various clinical trials. According to the Journal of the American Medical Association 2015, the number of clinical trials sponsored by companies were 6,550 and 1,048 by the NIH. In the U.K., the government funds health related research through organizations such as the National Institute for Health Research (NIHR) and the Medical Research Council (MRC). They also help to coordinate cancer research nationally through the National Cancer Research Institute (NCRI). NCI funds around half of all cancer trials in the U.S. According to Research America, in the U.S., investment in health and medical R&D grew by 13.3% from 2013 to 2015. However, high implementation cost of software, lack of skilled professional, data privacy issues, and low awareness about the software are key factors hampering eClinical solutions market growth.

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Without continued support for health research, many of the most promising young scientists, their ideas and a myriad of potentially life-changing scientific breakthroughs will vanish into oblivion.
Paul Marinec, PhD; University of California San Francisco