Press release
The global eClinical Solutions market is expected to grow significantly due to growing clinical trials and increasing R&D expenditure to develop innovative eClinical solutions.
The global eClinical solutions market is anticipated to have lucrative growth during the forecast period, 2021-2027, due to growing clinical trials by the pharmaceutical industry in developed and developing countries, high government spending, and increasing investment in the R&D to develop innovative eClinical solutions by major providers. Furthermore, the high adoption of eClinical solutions to manage data requirements, reduce development costs, support faster decisions for potential new products, and increase efficiency during the clinical trial process are the primary factors that stimulate the global eClinical solutions market in the coming years. In addition, the growing demand for outsourcing clinical trials to CROs and increasing adoption of innovative software-based solutions in clinical trials will provide lucrative opportunities in the growth of the eClinical solution market across the globe.Request free sample report of this research report: www.shingetsuresearch.com/sample-enquiry-form/
Product Overview in the Global eClinical Solutions Market
Based on the Product, the global eClinical Solutions market is segmented into Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Electronic Clinical Outcome Assessment (eCOA), Randomization and Trial Supply Management Solution (RTMS), Safety Solutions, Analytics and Reporting Platforms, Integration Platforms, and Electronic Trial Master File (eTMF). The Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS) is accounted for the highest share in the global eClinical solutions in 2020 and are expected to continue this trend during the forecast period, 2021-2027. This growth is attributable to the high adoption of EDC and CDMS eClinical solutions among Hospitals, CROs, and Pharmaceutical & Biotechnology Companies.
Delivery Mode Overview in the Global eClinical Solutions Market
Based on the Delivery Mode, the global eClinical Solutions market is categorized into Web-hosted (On-Demand), Licensed Enterprise (On-premise), and Cloud-based/software-as-a-service (SaaS). The cloud-based/software-as-a-service is expected to have significant growth in the global eClinical market in the coming years. This growth is anticipated by the growing inclination of various pharmaceutical companies towards innovative software-based eClinical solutions, which are cost-efficient, improved clinical trials efficiency, enhanced site performance, and streamlined research workload.
Regional Overview in the Global eClinical Solutions Market
The global eClinical Solutions market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North American region is concerned with the highest share in the global eClinical solutions market, followed by the Asia Pacific forecast period. Factors such as high government spending, growing clinical trials for the drug development for various diseases, and major clinical solution providers are the key factors driving the growth of the eClinical solutions in the North American region. Furthermore, the emerging economies of Asia Pacific, such as China, India, Indonesia, and South Korea, are expected to have significant growth in the global eClinical solutions market due to growing investment in the development of affordable treatment and the presence of major pharmaceutical companies in the region.
Global eClinical Solutions Market: Competitive Landscape
Companies include Parexel International Corporation, Oracle Corporation, Datatrak International, Inc., MEDIDATA SOLUTIONS, INC., EClinical Solutions, Inc., Merge Healthcare Incorporated, Signant Health, BioClinica, Inc, IBM Corporation, Resonance Health Co. Ltd., CRF Health., and other prominent players are the key players in the E-Clinical Solutions market.
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