Global Eclinical Solutions Market is forecasted to grow at a CAGR of 12.1 % to reach USD 7.61 billion by the end of 2022 :Top keyplayers are PHT Corporation, Parexel International Corporation, Bio-Optronics Inc., Medidata Solution, Inc., MaxisIT Inc., Bio

Description

eClinical is a term used in a clinical study for electronic applications that are web-based tools used to collect live data from clinical trials.eClinical Solutions brings together clinical technology and expertise to enhance the clinical development process. Regulatory requirements are also increasing the need for large amounts of data that must be collected, organized and analyzed. Efficient eClinical technologies are essential to aggregate and standardize these data take necessary decisions at different stages of clinical trial process. It aids efficient planning, execution and tracking of this data from different geographic locations. It has simplified the acquisition of clinical research and analytics data. A few important features include real time reporting, configurable report building, real time notifications as well as device and drug tracking.

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Market Dynamics

The eClinical solutions market is forecasted to grow at a CAGR of 12.1 % to reach USD 7.61 billion by the end of 2022. Owing to the large population and thus patient pools, countries like India and China are hosting many clinical trials; Government spending in clinical research has also fueled the need for the product. Increased outsourcing of clinical trials to contract research organizations along with alliances collaborations and acquisition for the development of clinical research further provides huge scope for new entrants in the market. Increased operational costs associated with clinical research studies is another major driving factor for this market. However, concerns over lack of skilled research professionals, lack of awareness of infrastructure in developing countries and patient data privacy could be impediments to its growth.

Market Segmentation

Based on product, it can be segmented into Electronic Data Capture and Client Data Management Systems, Clinical trial management systems, Clinical Analytics Platform, Randomization and Trial Management Systems, Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment, Electronic Trial Master Files, Regulatory Information Management Systems and Safety Solutions. Based on delivery mode, it can be segmented into Web hosted or On demand, License enterprise or On premise and Cloud based or SaaS. By clinical trial phase, it can be segmented into Phase I to IV. Finally, on end users, it can be segmented into Pharmaceutical and Biopharmaceutical companies, Contract Research Organizations, Consulting Service Companies, Medical Device Manufacturers, Hospitals and Academic Research institutions.

Geographic Analysis

Emerging markets like China, Taiwan, South Korea and China are the most attractive markets for eClinical Solutions due to presence of low operating costs. Less stringent regulatory guidelines and growth of life science research are key factors for pushing the need in these emerging markets. North America was however the largest segment as of now followed by Europe. The large market in North America is due to the huge number of trials ongoing in the region. However, Asia Pacific recorded the highest CAGR.

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Key Players

Some of the key players in the Industry are Oracle Corporation, PHT Corporation, Parexel International Corporation, Bio-Optronics Inc., Medidata Solution, Inc., MaxisIT Inc., BioClinica, OmniComm Systems Inc., DataTrak International, Inc., eClinical Solutions, CRF Health, ERT and Merge Health Incorporated.

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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