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Clinical Research and CRO's are the growing segments in the Healthcare domain.
CRO's are continuously adopting technologies which will adapt to their customers' everchanging needs.
They are doing so by leveraging the expertise of providers like Oracle.
According to a report published https://www.vestedway.com/, titled "Unpacking CRO outsourcing" which critically examines the evolving types of business models in CRO Outsourcing and indicates an emerging Trend Towards Partnering.
Emerging Trends in CRO's Partnerships to leverage growth in the Clinical trials services to Pharmaceutical & Biotech Companies
According to a Press release dated 19 Feb 2024 on Pharmiweb and a similar one published on Oracle's website on their CRO growth initiative called Oracle Clinical One which says:
CROs continue to rely on Oracle to keep pace with competitive pressures, changing market requirements, and a lack of skilled talent. Since its inception in summer 2022, numerous CROs have joined the Oracle CRO growth initiative, including recent entrants AMS Advanced Medical Services GmbH, Firma Clinical, and EPS Corp., among many others. Through the initiative, CROs can evaluate, familiarize, train, and enable their users with Oracle Clinical One and demonstrate the power of the platform with their potential sponsors. This winning combination of Oracle’s life sciences expertise and platform technology help CROs win more business and run trials more efficiently.
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