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eClinical Solutions Market 2024 Industry Size, Business Growth, Segmentation And Key Players Analysis Till 2033
EClinical Solutions Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the eClinical solutions industry. This report on eClinical solutions Market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The eclinical solutions market size has grown rapidly in recent years. It will grow from $7.59 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to growth in healthcare digitalization, electronic health records (ehr), increasing regulatory compliance, increased need for efficiency and productivity, and increased healthcare integration.
The eclinical solutions market size is expected to see rapid growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing interoperability and data exchange, telehealth and remote care, value-based care models, growing demand for population health management, and increasing adoption of precision medicine. Major trends in the forecast period include artificial intelligence (AI) in healthcare, technological advancements, innovative solutions, strategic collaborations, and healthcare integration solutions.
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Key Market Players:
Anju Software Inc., BioClinicia Inc., Parexel International Corporation, CRF Health, Dassault Systèmes SE, Datatrak International Inc., Eclinical Solutions LLC, ERT Clinical, IBM Watson Health, Medidata Solutions Inc.
Market Drivers:
According to the EClinical Solutions Market Report 2024 by The Business Research Company, an increase in research and development activities is expected to propel the growth of the eclinical solutions market going forward. Research and development activities refer to activities that companies undertake to innovate and introduce new clinical products and services. Electronic clinical outcome assessment solutions help research and development activities by capturing outcomes data electronically in clinical trials. For instance, according to the Research and Development Survey 2021 conducted by Statistics NZ, a New Zealand-based public service department, the research and development (R&D) expenditure in the business sector reached $2.8 billion in 2021. This represents a 5% increase from 2020 and an 18% increase from 2019. Therefore, an increase in research and development activities is driving the eclinical solutions market during forecast period.
More information about the Global EClinical Solutions Market Report -
https://www.thebusinessresearchcompany.com/report/eclinical-solutions-global-market-report
Market segments for template include:
1) By Product: Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platforms, Randomization and Trial Supply Management (RTSM), Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment (eCOA), Safety Solutions, Electronic Trial Master File (eTMF)
2) By Development Phase: Phase I, Phase II, Phase III, Phase IV
3) By Delivery Mode: Web-Based and Cloud-Based, Enterprise-Based
4) By End User: Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Service Companies, Medical Device Manufacturers, Hospitals, Academic Research Institutions
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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