Are you working as an oncologist or haematologist? You can contribute to future oncology developments by sharing your opinions, experience, and medical expertise by participating in healthcare market research with M3.
The number of research projects and trials for oncology drugs conducted per year has nearly quadrupled since 2000, increasing from 421 to 1,489 trials in 2021. Research shows that clinical trials for oncology drugs involve more complexity compared to other drugs, and a very small percentage are brought to market.
In 2021, FDA approved 16 new oncology-related drugs. The average approval process from pre-clinical testing to approval is 12 years for new drugs and seven for devices, with studies revealing that the average development cost ranges from $1.3 – 2.8 billion. In a nutshell, developing new treatments is very time-consuming and expensive, and oncology is one of the most complex and fast-changing therapeutic areas. Extensive research continuously provides new findings that constantly update our understanding and best practices of how to prevent, diagnose, treat, and recover from cancer.
Healthcare market research has a major part in the process of developing new oncology therapies and treatments, as the final stages require market insights from oncologists and patients to understand how the products and devices are being used, perceived, and experienced in real life. These valuable insights provided in market research studies are then used to further develop and adjust new therapies and treatments to improve patient outcomes.
Register today to join our oncology panel and take part in paid market research studies for oncologists.
Between January 2020 and March 2023, over 170 new oncology treatments were approved by the FDA. New approvals for the first quarter of 2023 include treatments for non-small cell lung cancer (NSCLC), breast cancer, prostate cancer, and leukaemia.
Diagnosed with chronic myeloid leukemia. After a stem cell transplant, she volunteers for awareness of blood cancer in the BAME community.
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