How can optimal patient population be identified for trial recruitment and how can the population be retained, keeping dropouts to minimum. Less than 5% of Patients participate in Clinical Research, 48% of sites miss enrollment targets and 49% of trial participants drop out before study ends. The cost of conducting onsite clinical trials is estimated at $2.6 billion. Forty percent of study patients fail to adhere to study protocols after 150 days into the trial – suffering from temporary bouts of toxicity and introducing irregularities into the data being captured by clinicians. The significant portion of this cost occurs in on-site clinical trials. How do we optimize patient enrollment and reduce dropout rates?
- Related keywords
- Business:
- Remote patient monitoring
- Virtual Clinical Trials
- Patient Recruitment/Retention
- Compliance
- Vitals and Alerts
- Technology:
- IOT and sensors
- AI
- Machine Learning
- Data Analytics
- IOT HUB
- Social challenges to be addressed through collaboration
- ・Reduced Patient Burden
- ・Increased Investigator Engagement
- ・Regulatory Compliance
- ・Therapeutic Effectiveness
- ・Reduced Patient Burden
- Market size of collaboration business or business scale
- If NTT eyes 1% of the Global Market i.e roughly $1.2 Billlion and if above challenges is 30% of the overall NTT Market Share i.e roughly $ 400 Million, startups can look atleast 20%-30% in this market.
- Assets and opportunities to be offerred
Some examples of illustrations of challenges for more information