Clinical drug development is complex and an expensive journey. In this dynamic, ever changing healthcare landscape one needs to find a quality partner that can guide you through unforeseen challenges and reduce the overall cost of drug development.
PFC offers industry leading expertise that deliver quality outcomes.
India is the 7th largest country by area & the second most populous country in the world. Healthcare has become one of India's largest growing sectors, both in terms of revenue & employment.
The hospital industry is forecasted to increase to US$ 132.84 billion by FY22 from US$ 61.79 billion in FY17 at a CAGR of 16%. The total industry size is estimated to reach US$ 372 billion by 2022.
India is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume, US$ 40 billion by value. Also supplies a staggering 62% of global demand for vaccine. Ambition to achieve US$ 130 billion by 2030 at a CAGR of ~12% from 2020 to 2030.
Demand growth, cost advantages & policy support have been instrumental in attracting Foreign Direct Investment (FDI). Between Apr 2000 & Dec 2020, FDI inflows for drugs & pharmaceuticals sector stood at US$ 17.74 billion. Inflows in sectors such as hospitals & diagnostic centres, medical & surgical appliances stood at US$ 7.03 billion & US$ 2.17 billion, respectively.
Asia Pacific region is one of the fastest growing CRO market in the world. The rising cost of clinical trials and difficulty in patient recruitment has led biopharmaceutical companies to shift their focus towards Asia Pacific region. India can contribute significantly as it has greater disease variation, trained Investigators and a treatment naïve population. As a result of recent positive changes in the regulations, the average time for CT approval has decreased from 7 months in 2016 to about 3-4 months in 2018
Clinical development services offered by PFC includes site selection, feasibility studies, regulatory and study start-up, clinical project management, site monitoring, patient recruitment and retention, training.
Reach out to us. We are committed to provide customized solutions that enable pharma companies to innovate with confidence and drive healthcare forward
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