Press release
Global E-Clinical Solution Software Market 2022: Blooming Clinical Trial Industry in China and India boosting the Overall Market Growth in Asia
According to a new market report published by Persistence Market Research "Global Market Study on E-Clinical Solution Software: Asia to Witness Highest Growth by 2020", the global e-clinical solution software market was valued at US$ 3,005 Mn in 2014 and is expected to expand at a CAGR of 13.8% from 2014 to 2020, to reach US$ 6,515.3 Mn by 2020.Request For Free Sample Report of "E-Clinical Solution Software Market"@ https://www.persistencemarketresearch.com/samples/2884
The global e-clinical solution software market is witnessing significant growth due to increasing clinical trials and R&D investments in pharmaceuticals and life science sectors. Increasing prevalence of diseases across the world is leading to rise in number of clinical trials. Various lifestyle-associated diseases and genetic disorders in the Middle East and North Africa have also led to increase in clinical trials in the respective regions. In addition, the pharmaceutical industry is facing immense pressure to reduce the time consumed to conduct clinical trials and increase effect of drugs. Presence of various end users such as pharmaceuticals, clinical research organizations (CROs), and healthcare providers has increased the demand for e-clinical solution software. The global e-clinical solution software market was valued at US$ 3,005 Mn in 2014 and is expected to expand at a CAGR of 13.8% from 2014 to 2020 to reach US$ 6,515.3 Mn by 2020.
In North America, the average cost of research and development for a successful pharmaceutical drug continues to increase from pre-clinical stage i.e. initial development stage of drug till FDA approval i.e. launch of the drug in the market. According to Oracle Corporation - an e-clinical software company - the share of global clinical trials conducted in North America has reduced from 30% in 2006 to 19% in 2010. This was due to complex regulatory and legal frameworks in North America, which led to shifting of the clinical trials market to developing countries such as India and China. This may lead to sluggish growth of clinical trials in the region.
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Oracle Corporation, Medidata Solutions, PAREXEL International Corporation, BioClinica, and OmniComm Systems are some of the major players of e-clinical solution software market.
The e-clinical solution software market is segmented as follows:
By product
Clinical Data Management
Clinical Trial Management System
Electronic Clinical Outcome Assessment Solution
Randomization and Trial Supply Management
Safety Solution
By mode of delivery
Web based e-clinical solution software
Licensed Enterprise e-clinical solution software
Cloud based e-clinical solution software
By end user
Pharmaceutical
Clinical Research Organizations
Healthcare Providers
By geography
North America
S
Europe
Germany
France
K.
Italy
Spain
Poland
Russia
Asia
China
South Korea
Taiwan
India
Rest of the World (Row)
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Key Questions Answered in This Report.
What are the Roadblocks for E-Clinical Solution Software Market Suppliers?
What are the Key Opportunities for E-Clinical Solution Software Market Manufacturers?
How is Focus on Safety Influencing E-Clinical Solution Software Market Demand?
What is the Regulatory Impact on Global Sales of E-Clinical Solution Software Market?
Which Region Offers the Largest Opportunity for Sales of E-Clinical Solution Software Market?
Where Does the U.S. Stand in the Market for E-Clinical Solution Software Market?
What Is the Outlook for E-Clinical Solution Software Market Manufacturers in China?
Why is Germany a Lucrative Market for E-Clinical Solution Software Market Manufacturers?
Why Will Belgium Outpace Other European Markets for E-Clinical Solution Software Market?
Why is There High Demand for Tires in E-Clinical Solution Software Market?
Why are Sales of E-Clinical Solution Software Market Surging?
Media Contact:
Persistence Market Research
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About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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