Key Insights of eClinical Solutions Market - Dominated by 12.4% CAGR to 2022

Geographically, North America commanded largest share of eClinical solutions market in 2016, followed by Europe. A number of factors like increasing government grants to support clinical trials, continuous product development and launch by eClinical solution vendors, growth in number of partnerships for new drug development, high prevalence of lifestyle diseases, & an increasing aging population are further stimulating demand for eClinical solutions in North America.

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Report on eClinical solutions market covers software solutions used across all phases in clinical trial process. It aims at estimating market size and future growth potential of this market across different segments such as product type, delivery mode, clinical trial phase, end user, and regions.

The eClinical solutions market is highly competitive, with a large number of global and local players. Oracle Corporation (U.S.) Medidata Solutions, Inc. (U.S.), and PAREXEL International Corporation (U.S.) were the top three players in the eClinical solutions market in 2016.

The global eClinical solutions market is estimated to reach 7.61 Billion by 2022, at a CAGR of 12.4% during the forecast period (2017-2022). Adoption of novel software solutions during clinical research and rising government funding to support clinical trials are key factors fueling the growth of the market.

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Partnerships, agreements, and collaborations are key growth strategies adopted by major players to enhance their positions in this market. Strategies such as product launches, enhancements, and deployments; mergers, and acquisitions; and geographic expansions were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the global eClinical solutions market.

Global eClinical Solutions Market, by Product are Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platform, Randomization and Trial Supply Management (RTMS), Clinical Data Integration Platform, Electronic Clinical Outcome Assessment (eCOA), Safety Solutions, Electronic Trail Master Files (eTMF), and Regulatory Information Management Solutions (RIMS).

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Web-based delivery mode segment commanded largest share of eClinical solutions market. A number of factors like easy user access, reductions in cost, and faster retrieval of data are responsible for its prominent market share. Cloud-based delivery mode segment is estimated to register highest growth rate during forecast period. Ease of integration, quicker deployment, and flexible scalability with a fixed monthly fee offered by cloud-based models are expected to drive demand for these solutions.

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