Feasibility Analysis
OXON supports decision-making on the study design to determine the feasibility and cost of any observational research
Our feasibility studies provide critical inputs to help companies determine the cost, feasibility, and time necessary to conduct their studies to demonstrate real-world clinical, patient-centred, and economic value of their assets.
FEASIBILITY STUDIES IN OBSERVATIONAL RESEARCH
Feasibility reports provide critical insight into the most time-efficient and cost-effective approach to meeting observational research objectives.
Rational considerations, such as time, budget or the strength of evidence required to meet the objectives of the study, determine the research approach.
The various types of research approaches, such as prospective observational cohort studies and patient registries, chart reviews, database studies, and hybrid designs, have different features, advantages, and disadvantages. Thus, when there are several research approaches to choose from, it is necessary to evaluate their strengths and limitations and find the one that generates the right quality evidence in the right time at the right cost.
We are committed to working in designing, developing, and delivering fully integrated Real-World Evidence according to the needs of the decision-makers:
• Evaluating the availability of data and/or target population
• Eligibility criteria
• Sample size
• Timelines
BENEFITS OF FEASIBILITY ANALYSIS:
The main benefits of conducting a feasibility study is to give the sponsor a clear picture of the project obstacles and opportunities for study design improvement.
Feasibility studies support decision-making since they provide clients with:
• Valid reasons for undertaking the study in terms of data availability and feasibility counts
• Make key decisions prior to undertaking the study
• Prioritise study problems and enhancements
• Reduce the complexity and scope of the study
• Determine the success rate of the project