Global Patient Recruitment and Retention Services Market: Overview

An online newsletter ‘Biopharma Dive’ published an article on the challenges in patient recruitment and retention services and their and possible resolutions. The article focuses on the interoperability, usability, and connectivity of various domains within medical research. Furthermore, the need for integrating research schedules with points of care is also included therein. Patient recruitment and retention services are, thereby, gaining attention of several analysts of the healthcare industry. The need for ensuring regular inflow of medical insights in the healthcare industry has also popularized this procedure.

Clinical trial follows a series of testing and safety checks to ensure sound development of drugs. Several medical research institutes have made tall claims about the integrity and safety of their process of drug development. The assertive claim of these institutes is backed by robust procedures for clinical trials followed by them. It is expected that the domains of drug development, disease testing, and diagnosis would become top-notch priorities of the medical research fraternity. Owing to the factors stated above, the global patient recruitment and retention services market is set to grow by leaps and bounds.

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A report by Transparency Market Research (TMR) on the global patient recruitment and retention services market compares and contrasts several trends pertaining to market growth. The global patient recruitment and retention services market can be segmented on the basis of the following parameters: application and region. On the basis of application, the use of patient recruitment and retention services in drug development and testing is expected to gather momentum.

Global Patient Recruitment and Retention Services Market: Notable Developments

The need for improved medical testing and analysis has generated a multitude of opportunities within the global patient recruitment and retention services market. Some of the key developments that have taken shape in this market are:

  • Icon Public Limited Company can expect an 8.5% upside down on the USA broker ratings, as revealed by a recent study. The company currently has a market cap of $8,384m. Icon Plc has made conscious efforts to improve its testing and trial services. Apart from patient recruitment and retention services, the company also cover clinical pharmacology, patient centric monitoring, and virtual trial services.
  • EndBrainCancer Initiative (EBCI) is asking for support in the FDA’s new set of guidelines related to clinical trial enrolments. The initiative focuses on advocating better interactions with patients suffering from rare diseases including brain cancer. This move is expected to generate new opportunities for growth within the global patient recruitment and retention services market.

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Some of the leading vendors in the global patient recruitment and retention services market are:

  • Abnex, Allscripts
  • Access Clinical Research
  • Acurian
  • Accurate Clinical Research
  • AD VERBUM

Global Patient Recruitment and Retention Services Market: Growth Drivers

  • Educating People about the Value of Clinical Trials

Medical companies in the U.S. are required to submit their applications for clinical trials and pharmaceutical breakthroughs to the food and drugs administration (FDA). This mandates strict procedures during clinical trials and drug development. Hence, the global patient recruitment and retention services market is slated to expand at a starry rate in the coming years.

  • Reducing Time to Market for Medical Companies

Improved rate of patient recruitment ensures faster clinical trials and drug development. This gives medical companies an opportunity to reduce their time to market. Hence, there is tremendous relevance of patient recruitment and retention services across the medical industry.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.