With the global clinical trials market size valued at USD 40.0 billion in 2016 and expected to grow at a CAGR of 5.7% in the upcoming years, the field of clinical research is thriving. As key drivers like the globalization of clinical trials and new personalized-medicine treatments continue to impact market growth, Research and Markets forecasts that the global clinical trial service market is primed to reach more than $64 billion by 2020, up from $38.4 billion at present.
Having been ranked fourth on a list of “Best Jobs in America” by CNN in 2012, the role of clinical research associate was called a “great career choice” by Verywell Health, with growth projected to outpace similar jobs by 36.4% in the ten year period from 2012-2022, according to the Bureau of Labor Statistics.
Potential Employers for Clinical Trials Students
- Pharmaceutical companies (Abbott, Abbvie, Takeda)
- CROs (Johnson & Johnson)
Job Titles for Clinical Trials Professionals
- Clinical Research Associate (CRA) Clinical Research Coordinator (CRC)
- Data Manager
- Clinical Research Manager
- Research Nurse