Electronic Clinical Outcome Assessment (eCOA) Market 2020 Biggest Innovation To Boost Global Growth, Share, Application, Development, Top Key Players And Forecast 2027

Electronic Clinical Outcome Assessment (eCOA) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.5% in the forecast period of 2020 to 2027 and expected to reach USD 2,630.26 million by 2027. Increasing digitization in the healthcare industry and demand for higher efficiency in data capturing in clinical trials is a driving factor for the market growth.

Focal points of the Report

This expository report will endow both built up key players as well as contestants to distinguish the beats of the worldwide market.
In-depth analysis of different market dynamics such as drivers, restraints, and opportunities
covers all the emerging trends and segments of the industry- complete with their contribution in the growth of market.
Competitive developments like agreements, ventures, new products, expansion plans and even acquisitions are discussed in the report for further clarification.

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The major players covered in the report are Oracle, Parexel International Corporation, ERT Clinical, Bioclinica, IBM Corporation, eClinical Solutions LLC, ArisGlobal LLC, Signant Health, Medidata, Omnicomm Systems, Inc., YPrime, LLC, Clinical Ink, WIRB-Copernicus Group, Kayentis among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Developments in the Market:

In June 2019, Signant Health formulated from the merger of CRF Bracket and CRF Health was officially launched. Combining the service offerings relating to eCOA, eConsent, Clinical Supplies, IRT, Patient Engagement and Endpoint Quality; Signant Health will be able to offer one of the broadest clinical suites commercially available. The company will be focused on gaining greater expertise and innovate their services to include the latest solutions for their customers
In June 2018, Omnicomm Systems announced that they had established a partnership with Kayentis for provision of Omnicomm's "TrialMaster" combined with Kayentis' "Clin'form" and "eCOA Solution". This partnership will help provide consumers with a combined platform as the consumers had individually adopted both the solutions for their clinical trial needs

Market Drivers

Increasing availability and preference for various wearable and handheld medical devices that can provide clinical information and assessment; this factor is expected to boost the growth of the market
Increasing prevalence and utilization of cloud-based service offerings is expected to propel the growth of the market
Rising levels of innovations and technological advancements in the market for these solutions acts as a market driver
Enhanced need for maintaining better levels of security and quality of clinical trials and associated clinical data will also boost the market growth

Market Restraints

Large levels of financial costs associated with the deployment and utilization of these systems; this factor is expected to hinder the growth of the market
Complications in the integration and operations of these solutions due to the various regulatory presence of authorities across the industry; this factor is expected to restrict the market growth

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Segmentation: Global Electronic Clinical Outcome Assessment (eCOA) Market

By Type

Web Hosted
License Enterprise
Cloud-Based

By Platform

Hospitals
CROs
Academic Institutes
Pharma & Biotech Organizations
Medical Device Manufacturers

By Geography

North America
Europ
Asia-Pacific
South America
Middle East and Africa

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