3 Reasons Why You Should Work in the Clinical Research Industry
Considering a career in clinical research? Working at a Contract Research Organization (CRO) like PharPoint Research, based in North Carolina with employees across the US, may be a perfect fit for you.
A CRO is a service-based company that supports other innovative companies as they pursue market approval for new drugs, biologics, and/or medical devices.
The CRO industry is sizable and continues to grow. Globally, the clinical trials market size was estimated at $44.3 billion in 2021. It’s expected to continue expanding at a compound annual growth rate of 5.7% from 2021 to 2028, according to data from Grandview Research.
This growth is primarily driven by increased investment in biotechnology and pharmaceutical companies. Most pharmaceutical and biotechnology companies outsource certain services during the clinical trial process to improve profitability, meet rapid timelines, and save costs. They may rely on a CRO for services such as clinical operations and project management, data management, biostatistics, statistical programming, and medical writing.
What makes working at a CRO a fulfilling career?
1. The chance to support efforts to improve global health
According to IPSOS’s Global Happiness 2020 Report, 80% of respondents feel that having meaningful work or employment gives them happiness.
Working within the clinical research industry means you’re contributing to improvements in global health. As an employee at a CRO, you get the chance to work behind the scenes as investigative products go through the clinical trial process. While not all products make it to market approval, having a small role in the few that do – and that are able to change the lives of patients around the globe – is no small matter!
2. Professional growth and development
As the industry continues to grow, the need for talented employees grows along with it. Highly skilled professionals are needed to keep pace with an evolving industry. CROs recognize this, and the best ones will have training programs and/or mentorship-focused cultures to help develop future talent.
At the right company, opportunities for growth will be ample.
One way PharPoint supports employee growth is through our Training and Development program. PharPoint’s program includes both instructor-led courses on a range of topics along with an extensive library of self-paced virtual courses!
3. Challenging work and variety
According to a 2018 report by Korn Ferry that surveyed 4,900 professionals, 1 in 3 employees planning on looking for a new job were doing so because they were bored at their current job and needed a “new challenge.”
By working at a CRO, where an employee may be playing a role in a variety of different studies across a variety of different therapeutic areas and indications, there is constantly something new to learn or dive deeper into.
CRO staff may work to achieve high production, think of solutions to overcome obstacles, and – especially when working at a mid-sized CRO like PharPoint – find room for innovation. (Looking for examples? Check out a few of our case studies!)
Getting Started in the CRO Industry
How can you get started in the CRO industry?
PharPoint Research is always seeking talented candidates to join our team. We believe in investing in the future of the industry. PharPoint has a history of developing and mentoring interns as they grow into industry experts.
To explore some of our current openings, or to learn more about what working at PharPoint Research is like, visit our career page.