From 2022 to 2028, this category should grow 6.5%. This growth is driven by chronic diseases, demand for new therapies, and personalized medicine.
FDA's clinical trial rules, HIPAA's patient privacy directives, and ICH's Good Clinical Practice guidelines govern US clinical trials and research.
In the clinical trials and research market, procurement often grapples with the high costs and the lengthy, complex process inherent to conducting trials.
Procurement officers should clarify responsibilities, payment terms, and trial process changes to optimize clinical trials contracts.