eClinical Solutions Market By Component, Technology, Application, Region, & Manufactures: Oracle Corporation, ERT, Parexel International Corporation, BioClinica, CRF Health, eClinical Solutions, OmniComm Systems, Datatrak International, Merge Health Incor

North America dominates the eClinical solutions market owing to the rise in the number of clinical trials in this region. Technological advancements, huge funding in R&D activities, rising government grants for clinical trials, and an increase in the lifestyle-related diseases are factors driving the industry growth in this region. Continuous product development and new product launches by eClinical solution vendors also result in a rise of the eClinical solutions market in this region.

Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/1774

eClinical Solutions Market size is witnessing a huge growth owing to factors such as a rise in the number of customers opting for eClinical solutions, rising research and development in this domain, and increase in government grants to validate the clinical trials. eClinical solutions are used in clinical studies, where they use electronic applications enabled with web tools to capture real-time data from clinical trials, which provide better execution and accelerate the eClinical solutions market.

There is a rising demand for clinical trials by pharma and biopharma companies, which boost the industry demand. They provide services for a large customer base at low operating costs, which further drive the eClinical solutions market. EClinical solutions also assist in tracking, organizing, and executing this data from different geographical locations and also accelerate the process of clinical development. They monitor the data at an individual patient level or cross trial level, fueling the industry growth.

Lack of awareness among researchers regarding the advantages of eClinical solution and less developed infrastructure especially in the developing countries are hindering the eClinical solutions market growth. Huge installation and implementation costs are further hampering the industry demand. Factors, such as the dearth of skilled research professionals and patient data privacy issues, also have a negative impact on the eClinical solutions market growth. Moreover, low software adoption rate in developing countries, such the Middle East and Africa, also restricts the eClinical solutions market growth.

The shift from manual data interpretation to real-time data analysis during clinical studies, rising clinical research activities, and shift from AMCs to CROs offer major growth opportunities to the eClinical solutions market.

Furthermore, the collaboration of AMC and CRO provides greater access to specialized expertise for specific therapeutic areas, which help in saving time and costs thus accelerating the industry demand.

Increased acceptance of the eClinical solutions among healthcare and pharma sector provides a major opportunity for industry growth. The outsourcing of clinical trials to clinical research organizations creates refined and effective modules, driving the eClinical solutions market growth.

eClinical solutions market can be segmented on the basis of product, delivery mode, and end user. The product can be sub-segmented into clinical data integration platforms, safety solution, Randomization and Trial Supply Management (RTSM), eCOA, Electronic Trial Master Files (ETMF), Clinical Analytics Platform, Electronic Data Capture (EDC,) and Clinical Data Management System (CDMS). The EDC and CDMS are leading the eClinical solutions market and electronics Clinical Outcome Assessment (eCOA) segment has the highest growth rate.

Based on delivery mode, the eClinical solutions market is segmented into web-hosted (on demand), licensed enterprise (on-premise), and cloud-based (SaaS). The cloud-based solutions are growing at a fast rate owing to advantages such as real-time study management, access to data from any device, standard and ad-hoc reporting, and shift from time-based to the activity-based unit of measurement.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1774

The end-user segment includes contract research organizations, medical device manufacturers, consulting service companies, hospitals, pharmaceutical companies, and academic research organizations. The pharmaceutical industry is leading the eClinical solutions market as it assists in carrying out day-to-day operations such as conducting study feasibility, providing a centralized place to carry out trial related information, and improved clinical data management by equipping staff and data administers.
The EDC and CDMS systems provide a higher security of data as they allow users to update data files preventing file corruption. It also provides consistency and efficiency of operation and also provides remote access to the trial data without actually being present at the site. eCOA segment is developing due to the rise in the demand for eDiaries by major pharmaceutical companies, which collect patient self-reports. Furthermore, a rise in the adoption of mobile and technological advancements is augmenting the eClinical solutions market growth.

Asia Pacific is anticipated to grow at a rapid rate over the forecast timespan due to the rising investment in R&D and development of emerging economies. These emerging economies, such as India, China, and Korea, have become major destinations for the outsourcing of clinical trials owing to the huge populations and also the low-cost services they provide. Furthermore, the presence of a large patient base, lesser stringent laws as compared to developed countries, and faster patient recruitment for clinical trials shall augment the regional growth.

Browse Full Report @ https://www.gminsights.com/industry-analysis/eclinical-solutions-market

The main players operating in the eClinical solutions market include Oracle Corporation, ERT, Parexel International Corporation, BioClinica, CRF Health, eClinical Solutions, OmniComm Systems, Datatrak International, Merge Health Incorporated, and PHT Corporation. These major players are engaged in strategies such as agreements, partnerships, mergers and acquisitions, and new product launches, and collaborations to attain a competitive edge in the eClinical solutions market.

Market share calculation in this report is not done based on companies covered in it. The calculation of eClinical Solutions Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Browse Related Reports:
Automotive Cybersecurity Market Size By Security (Hardware Security, Software Security, Network Security, Cloud Security), By Type (Passenger/Consumer Vehicles, Commercial), By Application (On-board Diagnostic [OBD], Communication, Safety Systems, Infotainment, Telematics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Sweden, Norway, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

https://www.openpr.com/news/1271174/Automotive-Cybersecurity-Market-By-Key-Vendors-Audi-BMW-Daimler-Ford-General-Motors-Honda-Hyundai-Nissan-Tesla-Volkswagen-Volvo-Group-Lear-Corporation-Symantec-AT-T-Cisco-Continental-Intel-Security-Argus-Cyber-Security.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org

This release was published on openPR.