eClinical Solutions Market Will Witness Growth Based On Increasing Outsourcing Of Clinical Trials To CROs Till 2025:Grand View Research,inc.
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 research report on eClinical Solutions Market: 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
Access Press Release
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.
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