• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • Clinical Trial Listings
    • What are Clinical Trials?
    • Become a Clinical Trial Volunteer
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Market Research
    • Benchmark Reports
    • FDA Approved Drugs
    • Training Guides
    • Books
    • eLearning
    • Events
    • Newsletters
    • White Papers
    • SOPs
  • White Papers
  • Clinical Trial Listings
  • Advertise
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » Rising Stars in the Central Labs Market

Rising Stars in the Central Labs Market

May 11, 2006
CenterWatch Staff

Last month, the first part in our two-part series on the central laboratory market discussed its role in the global pharmaceutical outsourcing industry and reviewed the industry's current market share distribution and revenue forecasts. Estimates now show that the clinical trial central laboratory market is growing at a double digit pace; roughly 13% a year for the next four years.

Our article also explored some of the key challenges central labs face operating in a playing field constrained by tight margins, rising sponsor pricing pressures, and a logistically complicated global market. Larger labs with high volume capabilities can leverage these abilities in order to streamline their operations and reduce costs. And central laboratory players must tackle issues such global expansion in emerging regions such as Asia and Latin America can be a critical factor in choosing a central lab vendor.

In June 2006, the second part of our Central Lab series will examine how some of the key players in the industry are adapting to a fast evolving business landscape. The companies who outsource to central labs often paint the landscape for how these players differentiate themselves strategically. Challenges such as following clinical trials to emerging and exotic geographic regions are forcing central labs to expand their logistical abilities, giving rise to a variety of promising strategies. A sweeping push towards the use of eClinical and information technology in the clinical trials arena has forced central labs to follow suit. And the advances in biotechnology in drug development, as well as the rising pharmacogenomic data needs are also influencing vendor behavior.CenterWatch explores some of these strategies and takes a look at the advantages each of these business models can bring.

To read this article, or any CenterWatch stories, visit our publlications area.

    Upcoming Events

    • 05Dec

      Thriving in Clinical Research – Overcoming Common Challenges as a Site: Part 3 – Site Resourcing

    • 14Apr

      MAGI 2024: The Clinical Research Conference

    Featured Products

    • Surviving an FDA GCP Inspection

      Surviving an FDA GCP Inspection: Resources for Investigators, Sponsors, CROs and IRBs

    • Best Practices for Clinical Trial Site Management

      Best Practices for Clinical Trial Site Management

    Featured Stories

    • Jonathan Seltzer

      Thought Leadership: Remote Patient Monitoring Gives New View of Safety in Cardiac Clinical Trials

    • Quality_Compass-360x240.png

      Ask the Experts: Applying Quality by Design to Protocols

    • Obesity Treatment Patient

      Clinical Trials Need Greater Representation of Obese Patients, Experts Say

    • Modernize-360x240.png

      FDA IT Modernization Plan Prioritizes Data-Sharing, AI, Collaboration and More

    Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

    The information you need to adapt your monitoring plan to changing times.

    Learn More Here
    • About Us
    • Contact Us
    • Privacy Policy
    • Do Not Sell or Share My Data

    Footer Logo

    300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

    Phone 703.538.7600 – Toll free 888.838.5578

    Copyright © 2023. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing