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eClinical Solutions Market Growth Analysis to 2024; with Leading Players are Oracle, ERT, PAREXEL, Bioclinica, CRF Health, eClinical Solutions,OmniComm Systems, Datatrak International, Merge Healthcare, an IBM Company, PHT Corporation
eClinical Solutions Market
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The main players operating in the eClinical solutions market
1. Oracle
2. ERT
3. PAREXEL
4. Bioclinica
5. CRF Health
6. eClinical Solutions
7. OmniComm Systems
8. Datatrak International
9. Merge Healthcare, an IBM Company
10. PHT Corporation
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.
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.
Eclinical solutions make use of technology, products, and services to provide clinical trials, which reduce human errors and manage a large amount of clinical data with real-time analysis. Technological advancements in the field of eClinical solutions, improvement in efficiency offered by eClinical solutions, globalization of clinical trials, and reduced costs are the main drivers of the eClinical solutions market.
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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.
Browse Full Report Summary: https://www.gminsights.com/industry-analysis/eclinical-solutions-market
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.
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