MobiHealth News November 30, 2018
A look at the clinical trial space and its many inefficiencies in need of disruption.
The clinical trial market is enormous. To understand its scale, consider that ClinicalTrials.gov currently lists more than 280,000 active clinical research studies, up from just 2,119 active studies in the year 2000. Even with this massive increase in the number of clinical trials between 2000 and 2018, research indicates the market’s value will keep growing to reach $65.2 billion by 2025.
Despite the impressive size of the clinical trial market, the industry faces several challenges.
The primary challenge with undertaking a clinical trial is cost. A report from the U.S. Department of Health and Human Services estimates that the total cost across Phases I, II,...
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