Press release
eClinical Solutions Market In 2019 With Competitors Like ERT, Oracle, MaxisIT, PAREXEL, Datatrak International, OmniComm Systems, CRF Health, Medidata Solutions, IBM Watson Health, MaxisIT Inc., HumanTouch, LLC, Merge Healthcare, an IBM Company
eClinical Solutions
Competitive analysis conducted in this eClinical solutions report puts light on the moves of the key players in the industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The report puts forth an array of market insights which help with the more precise understanding of the market landscape, issues that may impose on the industry in the future, and how to position specific brands in the best way. The report offers eClinical solutions market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and buying patterns, market demand and supply scenarios.
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To improve research and development efficiency, now a days most research labs are equipped with technology-enabled software known as eClinical solutions. These software solutions are essential to manage trial data, reduce development costs, support faster decisions for potential new drug candidates, and increase to increase efficiency throughout the process. In the past five years in the U.S., 75,000 clinical trial data have been generated according to the National Institute of Health’s Clinical Trials registry.
Key Market Competitors: Global eClinical Solutions Market
Few of the major market competitors currently working in the eClinical solutions market are Oracle Corporation, Bioclinica.., PAREXEL International Corporation, OmniComm Systems, ERT Clinical., DATATRAK Int.., HumanTouch, LLC, eClinical Solutions LLC., Medidata Solutions Inc., Merge Healthcare Incorporated, and CRF Health., IBM Watson Health, MaxisIT
Major Points from Table of Content of eClinical solutions Market:
Introduction
Research Methodology
Executive Summary
Key Inferences
Market Overview
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Market Segmentation
Competitive Landscape
Key Players
Future of the Market
Market Drivers:
· Growing adoption of software solutions in clinical research
· Increasing operational cost and regulatory requirements associated with preclinical research studies
Market Restraints:
· High cost of maintenance associated with eclinical solutions software
· Lack of trained professionals that can completely utilize these softwares
The global eClinical solutions market is expected to rise from its initial estimated value of USD 5.09 billion in 2018 and is expected to grow to USD 13.27 billion in 2026 registering a CAGR of 12.8% in the forecast period of 2019-2026. This rise in the market can be attributed to the enormous data captured from healthcare industry.
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The global eClinical solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eClinical solutions market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global eClinical Solutions Market
· By Product Type
o Clinical Data Management Systems (CDMS)
o Clinical Trial Management Systems (CTMS)
o Randomization and Trial Supply Management
o Electronic Data Capture (EDC)
o Electronic Clinical Outcome Assessments (eCOA) & Electronic Patient-Reported Outcomes (ePRO)
o Others
· By Deployment Mode
o Web-based hosted eClinical solutions
o Cloud-based eClinical solutions
o Licensed Enterprise (On-premise)
· By End-User
o Hospitals
o Pharmaceuticals
o Contract Research Organizations (CROs)
o Others (Biopharma and Medical Device Companies)
· By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa
Key Developments in the Market:
· In December 2017, PAREXEL International Corporation has introduced the Perceptive Cloud. This will help the life sciences industry. It was created in alliance with Microsoft Corp, which provides cloud infrastructure built on Microsoft Azure.
· In November 2017, Bioclinica, Inc. launched the Bioclinica Clinical Adjudication. This software will enable the independent adjudication of clinical events in association with the regulatory requirements governing clinical trials within all therapeutic areas.
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