Press release
eClinical Solutions Market Size Growing at 12.84% CAGR to Hit US$ 16.2 Billion by 2027 | Anju Software Inc., Bioclinica (Merged with ERT Clinical), Bio-Optronics Inc. (Advarra Inc.), DATATRAK International Inc., eClinical Solutions LLC and More
eClinical Solutions Market Size Growing at 12.84% CAGR to Hit US$ 16.2 Billion by 2027
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global eClinical solutions market size reached US$ 7.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2027, exhibiting a growth rate (CAGR) of 12.84% during 2022-2027.
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Global eClinical Solutions Market Outlook:
eClinical solution is a software-based program that combines clinical technology and expertise to help life sciences organizations accelerate their clinical development processes. These solutions are used to record data in real-time and automate and conduct clinical trials. The system aids in analyzing, managing, maintaining, and recording clinical data. It consists of randomization and trial supply management (RTSM), clinical trial management system (CTMS), and clinical data management system (CDMS).
Moreover, the eClinical solution functions with web-based applications and can be installed on-premises or deployed through cloud-based platforms. Currently, they are widely employed across diagnostic centers, hospitals, clinics, and other healthcare institutions.
Competitive Landscape with Key Players:
The competitive landscape of the global eClinical solutions market has been studied in the report with the detailed profiles of the key players operating in the market.
List of eClinical Solutions Key Companies Covered in this Market Report:
• Anju Software Inc.
• Bioclinica (Merged with ERT Clinical)
• Bio-Optronics Inc. (Advarra Inc.)
• DATATRAK International Inc. (OTCMKTS: DTRK)
• eClinical Solutions LLC
• eClinicalWorks
• International Business Machines Corporation (NYSE: IBM)
• Medidata Solutions (Dassault Systèmes) (OTCMKTS: DASTY)
• Oracle Corporation (NYSE: ORCL)
• PAREXEL International Corporation
• Signant Health
eClinical Solutions Market Trends:
The increasing demand for eClinical solutions across the biopharmaceutical industries to seek regulatory approvals for newly developed medicines and drugs is bolstering the market growth. In line with this, the rising incorporation of software solutions in clinical trials and surging investments in healthcare IT solutions are creating a positive outlook for the market.
Moreover, the integration of the Internet of Things (IoT) with medical devices and the increasing trend of outsourcing clinical trials to contract research organizations (CROs) are boosting the market growth.
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eClinical Solutions Market Segmentations:
Breakup by Product:
• eCOA
• EDC and CDMS
• Clinical Data Integration Platforms
• Safety Solutions
• CTMS
• RTSM
• eTMF
• Clinical Analytics Platforms
Breakup by Delivery Mode:
• Web-hosted (On-demand)
• Licensed Enterprise (On-premises)
• Cloud-based
Breakup by Development Phase:
• Phase I
• Phase II
• Phase III
• Phase IV
Breakup by End Use:
• Hospitals
• Contract Research Organization
• Academic Institutes
• Pharma and Biotech Organizations
• Others
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/eclinical-solutions-market
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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