Global ePRO, E-Patient Diaries and eCOA Market Experiencing an Exceptional Growth During 2017 – 2025

Recently, a fresh study highlighting the market snapshot of Data Management Platforms has been publicized to the wide database of Market Research Reports Search Engine (MRRSE). This in-depth study is headlined as “Global Market Study on ePRO, E-Patient Diaries and eCOA” which discusses the historic and current scenario of the global market, along with the future prospects it holds for a 8 year assessment period, 2017-2025. For the benefit of the investors of the report, this research focuses on the drivers and restraints anticipated to impact the demand for ePRO, E-Patient Diaries and eCOA Market in the coming years.

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The ePRO technology is an electronic patient reported outcome that is collected by electronic devices such as smartphones, tablets and computers. Similarly eCOA also uses smartphones and other electronic devices to collect patient related data. With the increase in demand for smartphones there is also an increase in the demand for technologies such as ePRO, eCOA, etc. People prefer generating electronic data for their reports owing to the various inherent benefits such as elimination of data duplication, reduction in transcription errors, real-time data access, and accuracy of the data generated. These technologies have also improved patient compliance due to the provision of new apps that connect patients with doctors anytime and anywhere. The convenience offered by these technologies helps maintain the user engagement as well.

Advancements in technology have caught up in a big way in the global healthcare industry. Doctors and healthcare professionals are seen experimenting with new and advanced instruments and are also adopting new methods of treating their patients, owing to an increase in the number of patients and mass casualties. The global ePRO, e-patient diaries and eCOA market is experiencing an exceptional growth. This software can help in connecting with multiple channels to provide enhanced communication services in healthcare.

Increase in security and privacy related risks

Technologies such as ePRO, e-patient diaries and eCOA also decrease the rate of human interaction exceptionally. Patients these days are more inclined towards virtualized treatments. Lack of direct contact between patients and healthcare professionals increases the risk of errors in clinical services delivered to the patients. At times, patients can face grave issues such as healthcare services being delivered by inexperienced professionals in the healthcare industry using such faceless technological platforms.

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Advancements in technology are typically accompanied by security and privacy concerns. In clinical communication and collaboration solutions there is a risk involved with the generation of health data. Global healthcare security policies dictate that patient data should be accessible only to doctors and other hospital authorized staff. But technological advancements open the gates for many fraudulent activities and cyber-attacks, some of which are inevitable.

eCOA solution type expected to lead the global market in terms of value

By type of solution, the eCOA segment is anticipated to be the largest with an estimated market share of about 66% in 2017 and 2025. In terms of value, the eCOA solution type is anticipated to increase 3.1X between 2017 and 2025. eCOA is also projected to be the dominant as well as most attractive type of solution in the global ePRO, e-patient diaries and eCOA market during the forecast period.

A result oriented research methodology

The motive behind this research methodology was to explore the potential of the global ePRO, e-patient diaries and eCOA market, which is segmented by type of solution, modality type and end user. To prepare the report, important data has been gathered from different sources with the help of an exhaustive methodology comprising primary and secondary research. The secondary research involves collection of data from secondary sources such as articles, journals, blogs, and company websites, while primary research validates this data through discussions and interviews with key industry stakeholders and market experts. To ensure the accuracy of the collected information, the raw data is revaluated and reanalyzed by the analysts using advanced methodologies to arrive at the final data stream, which is then processed to garner useful insights into the market.

Key USPs of the report

A good introduction to the market followed by an executive summary presenting a snapshot of the entire market including our analysis and recommendations will enable you to plan your investments in the global ePRO, e-patient diaries and eCOA market wisely
Individual focus on the global market forecast, segmental forecasts, and regional forecasts along with pertinent insights on the same will facilitate informed decision making
A dedicated chapter on the competitive landscape of the market featuring a key player dashboard and company profiles (with company overview, key financials, business strategies, and recent market developments) will help you study your immediate competition
Useful metrics such as CAGR, Y-o-Y growth, absolute $ opportunity, incremental $ opportunity, and basis point share will substantiate our research findings and provide quantitative insights on the global ePRO, e-patient diaries and eCOA market

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This release was published on openPR.