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Digital health technology allows a secure real-world data collection and behavioral data tracking through a smartphone app for patients and a portal for clinicians.
FREMONT, CA: The use of digital health technologies in clinical trials has accelerated considerably during the last few years due to the fame of wearables and over-the-counter devices and sensors. A few years back, only eight clinical trials used digital health technologies to help the trial. However, the numbers have increased now. It has been forecasted that by 2025, 70 percent of clinical trials will embrace digital sensors. In 2020, the COVID-19 further forced the adoption of digital health technologies in the pharmaceutical industry to guard participant safety and allow clinical trial continuity.
There is an opportunity for greater efficiency by establishing interoperability of technology systems, electronic health records, and digital data collection services to reduce the amount of source data verification needed by study monitors. This would mean that a significant portion of the data could be accessed and evaluated without human transcription and less risk of misinterpretation. Embracing these technologies into clinical research at every phase opens the possibility for reduced timelines and costs. Consequently, it is expected that firms willing to invest in digital technologies may win market share.
According to a study conducted, the investment return for R&D in the pharma industry has decreased from 10 percent in 2010 to 1.8 percent in 2019. This drives biotech and pharmaceutical firms' demand to transform their R&D models to enhance productivity and stay competitive. Many have already started to change from traditional trial models to agile, patient-centric processes by adopting digital health technologies to enhance patient engagement during clinical trials and gather a more rich set of data by combining real-world data collection. Real-world data is information gathered as an outcome of everyday patient care. It can be gathered from different sources, such as electronic health records, patient registries, wearables, and the sensors in smartphones.