Global clinical trial service market will likely reach more than $64 B by 2020, up from $38.4 B at present (CAGR of 9% between 2015 and 2020). Global share of CTs in India grew from 0.9 per cent in 2008 to 5 per cent in 2013. Growth in this field offers lucrative career option with massive growth potential.
A Clinical Research is a scientific study of the effects, risks, efficacy and benefits of a medicinal product. One can begin as Clinical Research Associate (CRA), Biostatistician, Clinical Research Scientist and QA associate. Clinical Data Manager, Clinical investigator, Clinical auditor are among other options. Some of the top players in clinical research are: Bayer, Novo Nordisk, Merck, Novartis, Quintiles, Veeda Life Sciences, Wockhardt, Nicholas, Roche, Gsk, Glenmark, Allergan , Accenture, Wipro , Genpact etc.
“Success is how high you bounce when you hit bottom.”
CR offers impressive package even at entry level. Freshers can expect a pay packet of around three lakhs or more per annum. Master's degree almost doubles this amount. The longer the one sustain in this field ; higher is the salary. According to a report, there are more than 50,000 jobs in clinical research in India.
Undergraduate students intending to enter the field of clinical research should opt for courses in physics, mathematics, the biological sciences and chemistry. According to the U.S. Bureau of Labor Statistics (BLS), most clinical research scientist positions require either an advanced degree in the biological sciences or a medical degree. Master's degree programs are also offered in clinical research. These programs includes research procedures, scholarly publication practices, biostatistics, professional ethics and clinical trial practices
ICRI is one such country’s premier institution in clinical research and healthcare (icriindia.com) with alumni strength of more than 12,000 students working across the globe. It offers the following courses in Clinical Research:
PG Diploma in Clinical Research and Pharmacovigilance
Creation of future is now becoming possible on advent of field like clinical research which is more hopeful than gloomy. Right attitude, positive approach and dedication is required to excel in this field as it is rightly said that “A mind troubled by doubt cannot focus on the course to victory.”