E-Clinical Solutions Set to Revolutionize Clinical Trials in North America in Future

Drug development is the most time-consuming aspect of clinical trials. This is one of the biggest factors responsible for the growing popularity of e-clinical solutions among clinical trials conducting organizations around the world. These solutions allow the faster analysis of the data collected during the clinical trials, which, in turn, leads to faster drug launch. Moreover, the adoption of e-clinical solutions allows data standardization. This speeds-up the drug development process, thereby augmenting the revenue growth of pharmaceutical organizations.

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The increasing occurrence rate of such diseases is causing a massive rise in the number of drugs being produced. This is, in turn, fueling the surge in the number of clinical trials conducted all over the world. Pharmaceutical organizations are increasingly focusing on conducting clinical trials in countries such as India, Poland, and China for reducing their operational costs and expanding their pool of patients. Because of these factors, the adoption of e-clinical solutions is rising rapidly around the world.

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This is propelling the advancement of the global e-clinical solutions market. Based on delivery mode, the market is divided into on-premises, web-based, and cloud-based categories. Out of these, the web-based category recorded the highest growth in the market in the past years. Moreover, this category is predicted to register huge expansion in the market in the future years. The cloud-based category will demonstrate rapid advancement in the market in the near future.

Globally, the e-clinical solutions market recorded the highest growth in North America in the past years and this trend is predicted to continue in the coming years as well. The main factor driving the advancement of the market in this region is the soaring expenditure being made in research and development (R&D) activities by biotechnology and pharmaceutical companies. The industry is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the future years.

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This release was published on openPR.