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eClinical Solutions Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Anju Software Inc., BioClinicia Inc., Parexel International Corporation, CRF Health, Dassault Systèmes SE, Datatrak International Inc
eClinical Solutions Market Size
The Business Research Company offers in-depth market insights through eClinical Solutions Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of eclinical solutions are 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, and electronic trial master file (ETMF). The Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS) markets refer to a program that allows a person to capture and collect clinical documents. The various delivery modes include web-based, cloud-based, and enterprise-based, which have various development phases such as phase I, phase II, phase III, and phase IV. It is employed in several sectors, such as pharmaceutical and biopharmaceutical companies, contract research organizations, consulting service companies, medical device manufacturers, hospitals, and academic research institutions.
Major Driver - Increased Research And Development Activities To Introduce New Clinical Services
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.
Competitive Landscape:
Major companies operating in the eclinical solutions market include 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., Omnicomm Systems Inc., Veeva Systems Inc., Mednet Solutions, Cinven Ltd., Oracle Corporation, Merge Healthcare Solutions Inc., ALTEN Group, Saama Technologies Inc., Signant Health, 4G Clinical, MaxisIT Inc., Research Manager, Slope.io Inc., StudyKIK Inc., 360Medlink Inc., Deep 6 AI Inc., Benchmark Research LLC, Clinical Research Management Inc., Curebase Inc., Eclipse Clinical Research LLC, LINEA System Inc., Acceliant Inc., Bio-Optronics Inc., Complion Inc.
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Top Trend - Development Of Advanced Technologies
Technological advancements have emerged as the key trend gaining popularity in the eClinical solutions market. Key players operating in the eClinical solutions sector are focusing on the use of advanced technologies to meet consumer demand. For instance, in July 2021, eClinical Solutions LLC, an India-based provider of cloud-based enterprise software and software-driven clinical data services, released the Elluminate Clinical Data Cloud, based on cloud computing and real-time data analysis technologies. This has unique capabilities that help to improve the automation of both clinical and operational data streams across the platform, and it's useful for automating the clinical operations data pipeline for speedier decision making.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. eClinical Solutions Market Characteristics
3. eClinical Solutions Market Trends And Strategies
4. eClinical Solutions Market - Macro Economic Scenario
5. eClinical Solutions Market Size And Growth
…..
27. eClinical Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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