E-PRO, E-Patient Diaries and E-COA Market Growing at CAGR of 15.3% during forecast period – Know About Growth with Trends, Opportunities, Future Outlook, Competitive Analysis By Focusing on Top Key Players

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on ePRO, E-Patient Diaries and eCOA” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global ePRO, E-Patient Diaries and eCOA Market have been elaborated upon in the research report.

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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.

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.

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.

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.