openPR Logo
Press release

The clinical trials market in Poland is growing, but at a moderate pace

06-26-2012 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PMR

The clinical trials market in Poland is growing, but at a moderate

According to the most recent PMR report, “Clinical trials in Poland 2012. Development forecasts for 2012-2014”, the clinical trials market in Poland will grow at a moderate pace, by approximately 5% per annum, to PLN 860m (approximately €200m) in 2014. Poland will remain one of the most attractive countries in the Central and Eastern Europe region because of the large population of patients willing to participate in clinical research (access to innovative treatment is poor in Poland) and the superior quality of the infrastructure associated with the conducting of clinical trials.

Reimbursement Act affects also clinical trials

Between 2009 and 2010 the clinical trials market stagnated and displayed a low rate of growth of about 1-2%. This was definitely a result of the economic crisis, which led to a reduction in spending on R&D projects and thus on clinical trials.
We estimate that in 2011 the clinical trials market on which companies carry out phase I-IV clinical trials of drugs and bioequivalence tests was worth PLN 756m (€184m). In comparison with 2010, the value of the market had increased by 7%. The Polish clinical trials market is relatively saturated, and we do not expect to see substantial growth. We predict that between 2012 and 2013 annual growth will be around 3-4%. The CAGR (Compound Annual Growth Rate) for the Polish market between 2012 and 2014 will be around 5%. This modest increase can also be attributed, to some extent, to the extreme change in the Polish reimbursement system, which has made the operation of the pharmaceutical market in Poland very difficult, particularly for innovative companies. They will prefer to focus on new marketing and reimbursement strategies instead of clinical trials, and the unfavourable innovation climate could discourage them from carrying out R&D activity. In 2014, the situation will improve slightly in the wake of adjustment to the new market conditions and because of the proposed Act on Clinical Trials, which is expected to bring some order to the market.

Legal environment still in need of codification

Whereas Polish companies do not spend excessive amounts on research and development, the domestic pharmaceutical industry leads the field in the industrial arena in terms of the number of innovative companies, according to the Gdansk Institute for Market Economics (IBnGR). 56% of pharmaceutical companies carried out innovative projects between 2007 and 2009, either investing in the development of pharmaceuticals or upgrading their production facilities.
Representatives of companies involved in clinical trials in Poland surveyed specifically for the purposes of the report believe that one factor which could affect market growth more than any other over the next few years will be the “tidying up” of the relevant legislation. This has been the most important factor for the second consecutive edition of the survey. Respondents indicated measures such as the need to ratify the law on clinical trials, which should include the introduction of safeguards not only for the researcher but also for the patient, along with an increase in the transparency of the trial authorisation process.
In 2012, as in previous years, the most significant factor which could have an effect on market development is the continued simplification of the trial registration procedure at the CEBK (Central Register of Clinical Trials). However, this view was taken by considerably fewer respondents than in 2006 and 2008.
Many more respondents than in the previous editions of the survey suggested that the need to clarify contractual issues was an essential factor in the development of the clinical trials market in Poland. This issue could be resolved by regulating matters pertaining to contracts between sponsors, investigators and trial centres. The Health Ministry plans to introduce these changes as part of the draft Clinical Trials Law.

This press release is based on information contained in the latest PMR report entitled “Clinical trials in Poland 2012. Development forecasts for 2012-2014”.

PMR (www.pmrcorporate.com) is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern European countries as well as other emerging markets. PMR's key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). Being present on the market since 1995, employing highly skilled staff, offering high international standards in projects and publications, providing one of most frequently visited and top-ranked websites, PMR is one of the largest companies of its type in the region.

For more information on the report please contact:
Marketing Department:
tel. /48/ 12 618 90 00
e-mail: marketing@pmrcorporate.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The clinical trials market in Poland is growing, but at a moderate pace here

News-ID: 226828 • Views:

More Releases from PMR

Online Apparel Market Gain Impetus due to the Growing Demand over 2016 - 2026
Online Apparel Market Gain Impetus due to the Growing Demand over 2016 - 2026
The ecommerce sector have observed extraordinary growth over the past few years. The growth was primarily driven by prompt adoption of technology led by inclining use of devices such as tablets and smartphones as well as access to internet through 3G and broadband which ultimately resulted in inclination in the online consumer base. The growth showcased by some of the players such as snapdeal and flipkart exhibited immense potential of
Passenger Car Accessories Market Likely to Emerge over a Period of 2016 - 2026
Passenger Car Accessories Market Likely to Emerge over a Period of 2016 - 2026
The global passenger car accessories market enables unlock the potential for the companies which are striving in car accessories market. Continuous up gradation of models along with advanced features in car accessories enables fascinated most of people towards car accessories. The advanced car accessories offers a trendy look to car as well as comfort. The interior accessories such as MP3 players, LED screens, speakers and stereo devices offers entertainment while
Motorcycle Accessories Market Prophesied to Grow at a Faster Pace by 2016 - 2026
Motorcycle Accessories Market Prophesied to Grow at a Faster Pace by 2016 - 2026
Improved economic outlook across the globe resulted into substantial increase in purchasing power of consumers over the past few years. Consequently, several industry verticals reported an increase in overall demand for respective products, and automotive industry is no different. However, different trends in sales reported across sub-segments within the automotive sector, but motorcycle sales has always remained impressive, particularly in high potential markets. Growth in global motorcycle market ascertained the
Natural Food Beverage Foaming Agent Market Detailed Analytical Overview by 2016 - 2026
10-11-2019 | Health & Medicine
PMR
Natural Food Beverage Foaming Agent Market Detailed Analytical Overview by 2016 …
Introduction A foaming agent is a surfactant, which when present in small amounts, facilitates the formation of a foam, or enhances its stability by inhibiting the coalescence of bubbles. Natural Food & Beverage foaming agent are food additives which are used maintain the uniform dispersion of gases in aerated foods. Foam is produced with the help of trapping the gas bubbles and it is offered either in form of solid or

All 5 Releases


More Releases for Poland

Poland Agriculture Market, Poland Agriculture Industry, Agriculture Livestock Ma …
Poland is a significant European and global producer of numerous agricultural products. The agricultural land market in country is divided in two parts: privately owned farms and land owned farms by the State Treasury. Privately owned farm is an enterprise to cultivate various agricultural products under the control of one or more investor. Poland is among the world's primary producers of potatoes, rye, and apples, as well as pork and
MAUSER Poland Celebrates 5th Anniversary
Bruehl/Germany, June 27, 2017 MAUSER Group, a worldwide leading company in industrial packaging, celebrates the 5th anniversary of its factory in Gliwice, Poland. Ideally located in the industrial heartland of Upper Silesia, and operated by a strong local management team, the plant offers high-quality industrial packaging solutions and services. MAUSER Poland serves customers with a comprehensive product range of Composite Intermediate Bulk Containers (CIBCs) and plastic tight-head drums. In line with
Agrochemicals Market in Poland
ReportsWorldwide has announced the addition of a new report title Poland: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Poland: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
A+ ratings on Poland
Jelenia Gora/Poland, 20.09.2011 - In August 2011 two rating agencies i.e. Standard & Poor's and Moody's Investors Service affirmed their A+ rating on Poland with a stable outlook. Both agencies noted that the Polish economy is competitive and increasingly diversified. Moody's evaluated Poland as relatively well placed to withstand global turmoil with its relatively resilient economy. Both agencies stressed that the Polish economy continued to expand in 2009, in contrast
IT market in Poland
IT providers in Poland are starting the post-crisis period in actually quite good moods and are already beginning to predict what solutions will be most sought after by their customers during prosperity. However last year hardware distributors recorded significant reduction in the number of orders placed, especially by business customers, software and IT services providers performed far better. A majority of them had similar sales as in previous periods, while some
VoIP in Poland
At the end of 2008 the Polish VoIP telephony market was worth PLN 440m, with CaTV operators having generated the largest share of revenue in the segment. In recent years also fixed-line operators have included VoIP services into their offer. According to research and consulting company PMR Polish VoIP market continues to represent a small share of the fixed-line telecommunications market. In 2008 it accounted for approximately five percent of the