E-clinical Solutions Market to registering a CAGR of 12.86%, during the forecast period (2018-2023)| Key Players – Oracle Corporation, BioClinicia Inc., OmniComm Systems, Datatrak International, Inc., HT Corporation, eClinical Solutions, Inc., Medidata

Market Analysis:

North America to Hold the Largest Share in the Market
Factors, such as increasing government funding to support clinical trials, the presence of less stringent regulatory guidelines when compared to developed nations, the availability of a large patient base and faster patient recruitment for clinical trials, and increasing number of pharmaceutical companies and CROs, are stimulating the e-Clinical solutions market growth in the region.

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Clinical testing of new drugs is an expensive, a complex and lengthy process. These aspects are fueling the need for electronic data capture and remote data entries, thus, augmenting the growth of the global e-clinical solutions market over the forecast period. In addition to the reduction of time and cost, e-clinical solutions are also improving data management and integrating data from different trials for clearer analysis. With the advent of innovative solutions in the market, consumers are likely to continue experimenting these and adopt the new iterations of wearables that link the data produced directly to medical professionals, including doctors and researchers. This explosion of data is expected to drive the market but in order to achieve that, companies must have adequate access to Internet and most of the developing companies are still lagging behind, in terms of robust internet infrastructure systems. Clinical Data Management Systems (CDMS) to hold the largest market share.

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Market Segments:
E-clinical Solutions Market is segmented by:
1. Product Type: CDMS, CTMS, Randomization and Trial Supply Management, EDC, eCOA & ePRO, Others
2. Deployment Mode: Web-based hosted eClinical solutions, Cloud-based eClinical solutions, Licensed Enterprise (On-premise)
3. End Users: Pharmaceutical, Contract Research Organizations (CROs), Hospitals, Others (Biopharma)
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments In The Market
• December 2017- PAREXEL International Corporation introduced the Perceptive Cloud to the life sciences industry, as a part of the organization’s recent alliance with Microsoft Corp, which provides cloud infrastructure built on Microsoft Azure.
• November 2017 - Bioclinica, Inc. launched the Bioclinica Clinical Adjudication, which enables the independent adjudication of clinical events in conformance with the regulatory requirements governing clinical trials within all therapeutic areas, including cardiac studies and for Major Adverse Cardiac Events (MACE) committees.

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