Clinical trial imaging is a key asset in the drug development process as it offers efficacy evaluation and safety monitoring data required in clinical trials for regulatory submission. Additionally, imaging offers insights into the drug mechanism of action (MOA) and drug effects that assist researchers in making scientific decisions. For example, in late-phase trials, medical imaging can be utilized as an imaging biomarker to improve clinical trial efficacy and reduce the time to complete a given trial.
Abbott, Icon Plc and Calyx – Notable Market Participants in Clinical Trial Imaging
The most notable market participants are eResearch Technology Inc, Calyx Inc, ICON PLC, VIDA Diagnostics Inc, WCG Clinical Inc, BioTelemetry Inc, Medical Metrics Inc, Medpace Holdings Inc, Radiant Sage LLC, and IXICO plc., occupying a considerable share of the market owing to their offerings to the clinical trial imaging market.
Market leaders are involved in extensive research for the development of new clinical trial imaging with better efficiency and treatment outcomes. For instance, in March 2023, Clario, a healthcare research technology company that delivers leading endpoint technology solutions for clinical trials, has announced a partnership with Strados Labs to provide the FDA-cleared RESP Biosensor for clinical trials. This innovative, wearable device is lightweight, comfortable and non-invasive, with capabilities that have not previously existed on the market, such as allowing for objective assessment of crackles, rhonchi, and wheeze events, as well as offering a streamlined approach for at-home cough monitoring in trial participants.
Many well-known as well as small local companies are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally, various companies are also undergoing other strategic alliances such as collaborations and others to garner their significance and remain competitive in the market. Few on the important key developments from the industry are mentioned below:
|
Month & Year |
News |
| Mar-2023 | Clario, a healthcare research technology company that delivers leading endpoint technology solutions for clinical trials, has announced a partnership with Strados Labs to provide the FDA-cleared RESP Biosensor for clinical trials. This innovative, wearable device is lightweight, comfortable and non-invasive, with capabilities that have not previously existed on the market, such as allowing for objective assessment of crackles, rhonchi, and wheeze events, as well as offering a streamlined approach for at-home cough monitoring in trial participants |
| Dec-2022 | GLO Healthcare (“GLO”), an expanding healthcare platform created by CapVest Partners LLP (“CapVest”), has, in partnership with management, completed the acquisition of Calyx, a leading provider of mission-critical software and tech-enabled services to the fast-growing clinical research market. |
| Dec-2021 | Calyx has announced an extended partnership with one of the world’s Top 5 clinical research organizations (CRO). The arrangement enables the leading CRO to continue providing Calyx’s proven clinical trial management system (CTMS) and services to its global biopharmaceutical customers for an additional three years. |
