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Global Clinical Trials Market || keyplayers Catalent Pharma Solutions, PAREXEL International Corporation, Thermo Fischer Scientific, Inc.

The clinical trials are experiments that are conducted under clinical research and follow a regulated protocol. The clinical trials are used to evaluate the effectiveness and safety of medications or medical devices by monitoring their effects on large groups of people. The clinical research trials are conducted by government health agencies such as NIH, researchers affiliated with a hospital or university medical program, independent researchers, or private industry.

These experiments are primarily performed to obtain data regarding the safety and efficacy of newly developed drugs. The clinical trial data is mandatory for drug approval, as well as for it to be introduced in the market. The clinical trials are performed under three phases (I, II, and III), which depends upon various factors. This process is not only expensive, but also time consuming, and requires expertise at all stages.

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The key operators of global clinical trials are Eli Lilly and Company, Novo Nordisk A/S, Ranbaxy Laboratories Ltd, Sanofi Aventis A.S., Roche Group, Biocair International Ltd, Catalent Pharma Solutions, PAREXEL International Corporation, Thermo Fischer Scientific, Inc.

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