eClinical Solutions Market Witness Growth Based On Increasing Number Of Clinical Research Activities Till 2022:Grand View Research,Inc.
Global e-clinical solution software market is
expected to show significant growth over the forecast period as a consequence
of rising number of clinical research activities. This rise in number of
clinical research activities chipped in the need for sophisticated data
management and standardization of data.
Additionally, it is mandatory for every organization to
maintain error free documentation without manipulations as compliance to
regulatory bodies. E-clinical software offers real time documentation hence
give no scope for any further manipulations in data thereby, prompting the use
of e-clinical software worldwide. Furthermore, these computer applications
reduce data entry as well as data processing time substantially; this is an
important factor boosting the growth of e-clinical solution software market.
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The market is divided on the basis of end-use, product and
mode of delivery. The market based on end-use is divided into healthcare
providers, pharmaceuticals and clinical research organizations. Pharmaceutical
segment under end-use held lucrative share in 2014 as a result of immense
investments made by pharmaceutical organizations in clinical research and
development.
However, clinical research organization segment is expected
to witness lucrative growth in coming seven years as a consequence of enduring
trend of outsourcing, especially outsourcing clinical research operations which
substantially saves time of companies and gives high compliance to the good
clinical practices.
E-clinical solution software market on basis of product is
divided into clinical data management system, clinical trial management system,
trail supply management & safety solutions and randomization. Clinical data
management systems had the largest share in 2014 as they have wide applications
in pharmaceutical industry.
Market on the basis of mode of delivery is segmented into
web based, cloud based and licensed enterprise. Web based software held the
largest share in 2014 owing to their easy deliverability and upgradation.
However, cloud based e-clinical solution software are expected to show
significant growth in coming seven years due to benefits associated with them
like remote access to data and safe & secure data management.
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Global e-clinical solution software market is divided into
North America, Europe, Asia Pacific, Latin America and MEA. North America held
the largest market share in 2014 owing to developed infrastructure which
provide high speed internet connection and highly configured computer systems.
Additionally, multinational organizations in North America are mainly focused
on new drug development hence, leading to high demand of these computer
applications.
Asia Pacific is expected to witness significant growth over
the forecast period as result of factors such as improvisation in healthcare
policies with government initiatives and high demand of sophisticated
technologies.
The key players contributing to e-clinical solution software
market includes PAREXEL International, Medidata Solutions, BioClinica Inc., PHT
Corporation, OmniComm Systems, DATATRAK International, Oracle Corporation and
eResearch Technology. The strategies adopted by these market players include
investment in developing regions such as Asia Pacific to meet the increasing
demand and mergers & acquisitions to strengthen product portfolio to
increase geographical reach.
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View Research: http://www.grandviewresearch.com/press-release/global-e-clinical-solution-software-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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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