Rising Opportunities in eClinical Solutions Market 2026 with the Current State of the Industry, Major Provincial Sectors, Key Players Such as BioClinica Inc., CRF Health, DATATRAK International Inc., eClinical Solutions Inc., MaxisIT Inc.

eClinical solutions is used to improve the clinical development process through data management and data analysis. It offers total transparency and utilization of the clinical and operational data by providing data management software and customized data management services, including electronic data capture (EDC), clinical reporting, clinical data repository platform and data management and standardization. The advantages and applications of eClinical software allows users to analyze, manage, integrate, and standardize all their clinical and operational data with the help of integrated advanced visualization and analytical capabilities. Software such as clinical trial managements system (CTMS) help users to comply with government regulations, patient management, investigator management, budgeting, and adverse event reporting system among others.

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Major Key Players

Key players operating in the eClinical solutions market include BioClinica Inc., CRF Health, DATATRAK International Inc., eClinical Solutions Inc., MaxisIT Inc., Medidata Solutions Inc., Merge Healthcare Inc., OmniComm Systems Inc., Oracle Co., and PAREXEL International Co.

The global eClinical solutions market was valued at US$ 3.5 billion in 2017 and is expected to witness a robust CAGR of 11.2% over the forecast period (2018 – 2026).

Rapid Research and Development in eClinical field by biotechnology and pharmaceutical companies is expected to drive growth of the eClinical solutions market

Various software application of clinical solutions are gaining acceptability in clinical trials, which is supposed to be the key factor driving growth of the eClinical solutions market. The other factors such as increasing government funding and rising R&D programs by biopharma and pharmaceutical companies are expected to produce new products, which will further boost growth in eClinical solutions market. Innovations and technological advances in the field of software solutions will help in fuelling growth in the market over the forecast period. According to U.S. National Library of Medicine, in last 20 years, there has been a significant increase in the number of new clinical trials registered every year.

Rising private and public funding to support clinical trials

Pharmaceutical companies and government funding agencies are increasingly funding various clinical trials. According to the Journal of the American Medical Association 2015, the number of clinical trials sponsored by companies were 6,550 and 1,048 by the NIH. In the U.K., the government funds health related research through organizations such as the National Institute for Health Research (NIHR) and the Medical Research Council (MRC). They also help to coordinate cancer research nationally through the National Cancer Research Institute (NCRI). NCI funds around half of all cancer trials in the U.S. According to Research America, in the U.S., investment in health and medical R&D grew by 13.3% from 2013 to 2015.

Detailed Segmentation:

Global eClinical Solutions Market, By Deployment Type:
Web-based
Cloud-based
Licensed Enterprise

Global eClinical Solutions Market, By Product Type:
Electronic Data Capture
Electronic Clinical Outcome Assessment
Clinical Data Management System
Clinical Trial Management System
Clinical Analytics Platform
Randomization and Trial Supply Management
Electronic Trial Master File
Others

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This release was published on openPR.