Advanced Clinical Research Information Systems Market Overview
Clinical Research Information Systems consist of specialised software applications that are designed to assist clinical research. These systems can greatly reduce the cost of R&D and they also support a number of functions and activities within medical research organisations. The Advanced Clinical Research Information Systems Market consists of a category of software applications optimised to handle one or more aspects of clinical research. While they are distinct from Electronic Medical Record Systems (EMR), they usually interoperate with them. Many systems were initially conceived to support individual aspects of medical research like logistics, primary data capture, patient recruitment and so on. Over time, the Advanced Clinical Research Information Systems became monolithic in an attempt act like a one-stop shop for all their client requirements. However, special problems that can only be solved by custom software still come up the proliferation of commercial software in the Advanced Clinical Research Information Systems Market notwithstanding.
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Advanced Clinical Research Information Systems Market Drivers
The desire to improve administrative efficiency, eliminate duplicate medical tests, and reduce medical errors are the main Advanced Clinical Research Information Systems Market drivers. Studies have shown that individuals trust non-profit hospitals and medical organisations to a much higher extent than the government. Individuals who are sad, anxious, depressed or angry about their current health issues are far more likely to provide access to their Personal Health Information.
- An Advanced Clinical Research Information System provides real-time insight into the operations, enabling organisations to access all their critical data with just a few clicks. It provides robust reporting capabilities, offering insights into research such as accruals and deviations.
- It allows consistency in budgeting across the organisation by accelerating invoicing, reducing the probability of missed items, and reducing payment cycles.
- It enables easier communication between the medical institute and research groups. It supports billing accuracy and provides the ability to delegate charges as research-related and record the reasoning behind it.
- It simplifies tracking regulatory information across the organisation like amendments, subject deviations, protocols, and staff credentials can also be authorized within the system. Some systems in the Advanced Clinical Research Information Systems Market provide interfaces to connect to eIRB systems providing efficiency, accuracy and consistency in legal regulations.
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Advanced Clinical Research Information Systems Market Restraints
The three main restraints in the Advanced Clinical Research Information Systems Market are cost, system complexity and psychological factors. Larger Advanced Clinical Research Information Systems require a financial investment almost as much as EMR systems. The size of this, along with the system complexity, make their deployment institution-wide virtually mandatory. Such systems can handle an arbitrary number of studies within a single database design with only the hardware being the limiting factor.
In addition to cost, the second Advanced Clinical Research Information Systems Market restraint is complexity. These teams require a diverse team of professionals to operate and maintain like database administrators, software developers and non-technical personnel who are aware of clinical research and the software which can convert an investigator’s study into an electronic form. Many clients with smaller budgets may hesitate to install these advanced information systems since they may not be able to secure adequate funding or the required support staff.
It often happens that influential players in the life sciences industry resist adoption of any new technology. A part of this is due to professional norms: medical practitioners are concerned about treating patients to the best of their ability. They may use their considerable influence to delay the installation of such systems within the medical institute.
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Advanced Clinical Research Information Systems Market Key Market Players
Some companies involved in the Advanced Clinical Research Information Systems Market are Parexel, OpenClinica, BayaTree, Forte Research Systems.
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