Industry

  • Industry demands 50,000 professionals in near future.
  • Growth rate of 30% per annum in the industry.
  • It has potential of becoming a $70 billion industry in India in upcoming years.
  • Clinical trials market worth’s $ 45 billion worldwide and employed of millions of people.

What is clinical research?

  • Clinical research is the systematic study on new drugs (molecules) before marketing in public to verify its efficiency, efficacy, toxicity and safety on human subjects.
  • It is legally compulsory in every country to conduct clinical research before launching it in the market for the safety of human beings. Clinical research is a multi-billion dollar industry worldwide and about one billion dollar in India itself.
  • It is proliferating rapidly in India in the last few years because it costs less in comparison to western countries.
  • Clinical Research is a multi-billion dollar industry with an enormous worth US$45 billion with tremendous global job opportunities.
  • Industry also provides the opportunity to explore, travel globally and get exposed to latest technology.

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Clinical Research in India

  • In India, it is a about US$ 1bilion industry with half of it being accounted for by Clinical Data Management and Pharmacovigilance with companies like TCS, Accenture, Infosys, Wipro, HCL. The other half consists of CROs, Pharma companies and Hospital like Quintiles, Novartis, Max, Fortis, Columbia etc.

Huge opportunities

  • Clinical research and Pharmacovigilance industry is witnessing an incrementing growth rate of over 30% per annum and subsequently creating opportunities for more than 50,000 trained professionals in coming years.
  • These positions need professional to hold diploma/ degree certificates in clinical research related functions.
  • Work environment along with investments by big companies in India makes it a luring job.
  • Clinical Data Management and Pharmacovigilance are a booming industry forming 40% of the business.
  • India has all the ingredients to conduct Clinical Research to tap $70 billion opportunity in Clinical Research and Clinical Data Management system.
  • Reputed organisations like TCS, Accenture, Cognizant, Quintile, Wipro, HCL, Max, Fortis, Novartis, and Pfizer are recruiting aggressively in the clinical trials area in India.

Job opportunities

There are numerous career opportunities for professionals in Pharma companies, CROs (Contract Research organisation), Hospitals, Clinics, and Regulatory Affairs.

Popular designations

  • Clinical Research Associate
  • Clinical Research Coordinator
  • Investigators and Co-investigators
  • Regulatory Affairs Manager
  • Medical Writers
  • Site Coordinators
  • Clinical Research Managers
  • Clinical Trial Analysts
  • Drug Safety Associates
  • Business Development Manager
  • Clinical Data Manager
  • Pharmacovigilance Executive
  • Biostatistician
  • Clinical Trials Auditor
  • and many more

Best Clinical Research Institute 2013 presented by India Education Awards 2013

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