Press release
eClinical Solutions Market growing at 13.9 % to cross $11.9 Billion by 2025 | Analysis by Top Leading Company’s (Oracle, Medidata Solutions, Parexel, Bioclinica, Datatrak, CRF Health, ERT Clinical, Omnicomm Systems)
eClinical Solutions Market
Global eClinical Solutions Market Overview:
The Global eClinical Solutions Market to reach USD 11.9 Billion by 2025. The Global eClinical Solutions Market valued approximately USD 3.7 Billion in 2016 is anticipated to grow with a healthy growth rate of more than 13.9 % over the forecast period (2019 - 2025).
Rising operational costs and regulatory requirements associated with clinical research studies, government grants to support clinical trials, and increasing R&D expenditure by pharma-biotech companies with augmented IT budgets for drug development are some of the major driving factors for the Global eClinical Solutions Market. However, the low adoption rate in certain geographies due to a lack of awareness related to the benefits of eClinical solutions is the major factor restraining the growth of this market.
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The Electronic Data Capture (EDC) and Clinical Data Management System (CDMS) segment accounted for the largest share of the Global eClinical Solutions Market in 2016. The electronic clinical outcome assessment segment is expected to achieve the highest CAGR during the forecast period. The increasing demand for e Diaries in clinical studies to collect patient self-reports by major pharmaceutical companies and the use of mobile and digital technologies are driving the growth of this market segment. Emerging markets including China, South Korea, Taiwan, and India are attractive destinations for outsourcing clinical trials due to the presence of a large patient population and the low operating cost of conducting clinical trials in these countries.
The Global eClinical Solutions Market is segmented on the basis of Product, Delivery Mode, Clinical Trial Phase, End-User and Region. Based on Product, the market is classified into CDMS, EDC, CTMS, eCOA, analytics, RTMS, eTMF, and safety. On the basis of Delivery Mode, the market is sub-segmented into web hosted, on-premise, and cloud-based. The market is also classified based on the Clinical Trial Phases. Based on the End-User the market is segmented into pharmaceutical / biopharma companies, CROs and hospitals.
In terms of the regional analysis, North America dominated the global market in 2016; the market in APAC is expected to grow at the highest CAGR. This is primarily attributed to the increasing outsourcing of clinical trials by large pharmaceutical and biopharmaceutical organizations to developing APAC countries, growth in government funding to support clinical research, presence of less stringent regulatory guidelines compared to developed nations to conduct clinical trials, presence of a large patient base, and faster patient recruitment for clinical trials in the region.
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Major Key Players:
1 Oracle Corporation
2 Medidata Solutions, Inc
2 Parexel International Corporation
4 Bioclinica, Inc
5 Datatrak Internatiional, Inc
6 CRF Health
7 ERT Clinical
8 Merge Healthcare Incorporated and More...........
Market segment by Regions/Countries, this report covers
1 North America
2 Europe
3 Asia Pacific
4 Latin America
5 Rest of the World
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which are the leading market products, applications & regions and how will they perform by 2025?
3 What are the technologies & innovation trends, how will they evolve by 2025?
4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of EClinical Solutions Market.
Major Points in Table of Contents:
Global eClinical Solutions Market Report 2019
1 Global eClinical Solutions Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global eClinical Solutions Market Dynamics
5 Global eClinical Solutions Market, By Product
6 Global eClinical Solutions Market, By Delivery Mode
7 Global eClinical Solutions Market, By Clinical Trial Phase
8 Global eClinical Solutions Market, By End User
9 Global eClinical Solutions Market, by Regional Analysis
10 Company Profiles
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