How is Growing Number of Clinical Trials Driving E-Clinical Solutions Market | By Key Players are OmniComm Systems, ERT, Bioclinica, Medidata Solutions, Merge Healthcare Incorporated, Datatrak International, CRF Health

The number of clinical trials is rising; the growing prevalence for chronic and lifestyle associated diseases and surging aging population has led to the increased frequency of pipeline drugs, which need to go through clinical trials before they are approved. While before, clinical trials were taking place in Western Europe and North America, during the recent times, emerging countries, such as Poland, China, South Korea, and India, have become popular destinations for conducting clinical trials. This shift has taken place due to the need for reducing operational cost and getting a large pool of patients.

Global E-Clinical Solutions Market Key Players:
1- OmniComm Systems
2- ERT
3- Bioclinica
4- Medidata Solutions
5- Merge Healthcare Incorporated
6- Datatrak International
7- CRF Health

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Attributed to this, the need for e-clinical solution software for the collection of data from investigational center and for helping to use the collected data effectively in less time is increasing. E-clinical solutions are utilized for accelerating the clinical development process. The e-clinical solutions market is expected to grow at a considerable pace in the coming years. Types of solutions offered under e-clinical technology are product and professional services. Between these two, the larger demand was created for e-clinical products in the past, which are further predicted to be more in demand in the near future as well. E-clinical professional services are projected to advance at the faster pace in the coming years.

The end users of e-clinical solutions are healthcare providers, clinical research organizations (CRO), and pharmaceutical and biotechnology companies. Out of these, the largest demand for e-clinical solutions is predicted to be registered by clinical research organizations in the coming years. A CRO is an organization which offers a range of pharmaceutical research services to its clients. In these organizations, e-clinical solutions provide tools and services for assisting study teams. It further offers standardized management for clinical research studies and clinical trials. E-clinical solutions enhance the research integrity and quality of clinical trials by streamlining the work flow processes.

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A key trend in the e-clinical solutions market is the growing adoption of cloud technology for the development of e-clinical suit. Advanced cloud computing aids enterprises to grasp new business opportunities and innovate at a faster pace. The healthcare industry is widely implementing cloud-based technology for exchanging financial, medical, and associated complex data by healthcare organizations. Moreover, the biopharmaceutical companies are making use of cloud-based technology for reducing the time consumed and managing the cost of clinical trial processes. The cloud-based technology is furthermore becoming an essential strategic decision for pharma IT players as a differentiator.

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