eClinical solutions market is
expected to reach USD 10.5 billion by 2024, according to a new report published
by Grand View Research Inc. The eClinical solutions market is anticipated to
witness a lucrative growth during the period 2016 to 2024. The factors
attributing towards the growth of the market are increase in the research and
development activities by numerous biopharma and pharma companies, increasing
application of software solutions in clinical trials, upsurge in the government
funding to promote clinical research programs, rise in the number of Contract
Research Organizations (CROs) and life sciences organizations, and increasing
customer base.
Additionally, factors
such as increasing outsourcing of clinical trials to CROs, escalating clinical
research programs in Asian countries, as well as, the development of
cost-effective modules are expected to be opportunistic for the industry
growth. However, the shortage of skilled labor force, high implementation costs
of the eClinical solutions and the lack of awareness of clinical data sciences
software in the research community are likely to hinder the growth of the
market in the near future.
The eClinical solutions
market is segmented on the basis of product, delivery mode, clinical trial
phase, end-user, and region. Based on the product, the industry is categorized
into clinical analytics platforms, electronic Clinical Outcome Assessment
(eCOA), Electronic Data Capture (EDC) and Clinical Data Management Systems
(CDMS), clinical data integration platforms, safety solutions, Clinical Trial
Management Systems (CTMS), Randomization and Trial Supply Management (RTSM),
and electronic Trial Master File (eTMF).
The other segments of
the market include delivery mode (web-hosted, licensed enterprise, and
cloud-based), clinical trial phases (phase I, phase II, phase III, and phase
IV), and end-user application (consulting service companies, medical device
manufacturers, hospitals, contract research organizations, pharmaceutical, and
biopharmaceutical companies). On the basis of regions, the market is
categorized into North America, Europe, Asia-Pacific, Latin America, and the
Middle East and Africa).
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/eclinical-solutions-market
Further key findings from the study suggest:
·
In 2016, North America is estimated to lead
the market with the largest share in the eClinical solutions industry. The
rising number of ongoing clinical trials, high demand for technologically
advanced products, and increasing financial support from the government is
anticipated to boost the industry growth.
·
The eCOA segment is anticipated to witness
the highest growth rate during the forecast period, whereas the EDC and CDMS
segment is estimated to lead the market in the year 2016. Factors attributing
to the growth of the industry are the increasing application of mobile and
digital technologies, as well as, an upsurge in the demand for eDiaries in
clinical trials for the collection of patient’s self-reports by pharmaceutical
companies.
·
The eClinical solutions industry comprises
several local as well as global players. Some of the major players in this
industry include Oracle Corporation, Medidata Solutions Inc., Parexel
International, Inc., and Datatrak, among others.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has
segmented the global eClinical solutions market on the basis of end-user
application and region:
eClinical Solutions Product Outlook (Revenue, USD
Million, 2013 - 2024)
·
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)
eClinical Solutions Delivery Mode Outlook (Revenue, USD
Million, 2013 - 2024)
·
Web-hosted (On-demand)
·
Licensed Enterprise (On-premise)
·
Cloud-based
eClinical Solutions Delivery Mode Outlook (Revenue, USD
Million, 2013 - 2024)
·
Consulting Service Companies
·
Medical Device Manufactures
·
Hospitals
·
CROs
·
Pharmaceutical Biopharmaceutical
Companies
eClinical Solutions Clinical Trial Outlook (Revenue, USD
Million, 2013 - 2024)
·
Phase I
·
Phase II
·
Phase III
·
Phase IV
eClinical Solutions Regional Outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-eclinical-solutions-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For More Information: www.grandviewresearch.com