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Virtual Clinical Trials: Growing Need for Patient Diversity
The growing need for patient diversity clubbed with enhanced data collection in clinical trials is boosting the virtual clinical trials market growth.
There has been a rise in the R&D of new drugs and vaccines that has increased the volume and complexity of clinical trials. Virtual clinical trials eliminate challenges posed by traditional clinical trials for example delays in patient recruitment and time-consuming procedures. Also, studies have revealed that around 75.0% of people favored a mobile trial over traditional ones and 80.0% of patients are more likely to participate in a clinical trial that uses mobile technology.
The market is recovering at a significant pace after the pandemic as it offers various benefits to patients as well as sponsors. During the pandemic, traveling was potentially dangerous. It can be expensive, even incurring lost wages or requiring that childcare/eldercare be hired. These drawbacks limit initial interest and provide a simple solution for virtual clinical trials. Virtual clinical trials offer various benefits such as effective data collection, analysis, and monitoring large amounts of data in real-time.
Virtual trials make use of monitoring devices, software apps, online social engagement platforms to conduct every step of the clinical trial process including patient recruitment, counseling, measuring clinical endpoints, informed consent, and adverse reactions. Telehealth, home care, and remote patient monitoring has been gaining momentum as a healthcare offering, and the COVID-19 is adding more horsepower to this initiative.
Several clinical trials are underway at a particular point in time, and research organizations are required to define the scope, budget, and resource-heaviness of each of these trials. Therefore, several research entities use virtual clinical trials for projects and research lines that can be accomplished via surveys across electronic and virtual modes. The use of apps and monitoring devices under virtual clinical trials has created fresh avenues for managing research lines across leading institutes.
Relevance of Biomedical Research
Biomedical interventions made across a sample of people are difficult to analyse in short periods of time. Therefore, research entities are using virtual modes of surveys in clinical trials for suitable research lines. The next decade could be a defining phase for entities looking to dip their feet into the global virtual clinical trials market. Furthermore, the relevance of social engagement platforms has also brought virtual clinical trials under the spotlight of attention in recent times. The healthcare and medical industries have become more liberal to the use of data acquired from online surveys. This has also created unprecedented demand for virtual clinical trials in recent years.