eClinical Solutions Market Will Grow at a Steady Rate of 13.6% from 2014 to 2025: Grand View Research, Inc.
The
global eClinical solutions market size is expected to
reach USD 12.05 million by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 13.6% during the forecast period.
Increasing research and development activities by biopharma and pharma
companies, rising application of software solutions in clinical trials, and
expanding customer base are anticipated to fuel the demand for eClinical
solutions.
The
eClinical solutions market is estimated to witness phenomenal growth over the
forecast period. Technological advancements in the field of clinical trials
such as electronic data capture and prevalence of Wi-Fi connectivity are
projected to drive the market in coming years. As the demand for tracking and
analyzing clinical data increases, the need for effective clinical solutions
rises. Unmet needs to manage efficient clinical development process are poised
to boost the growth of the market over the forecast period.
Moreover,
digital transformation in the field of clinical trials and shifting preference
towards data centric approach are providing a tremendous push to the market.
Demand for integrated clinical IT solutions is increasing due to massive volume
of data generated during clinical development processes. eClinical solutions
offer single source of information that helps in optimizing the cost by
eliminating redundant data entry and reducing on-site verification and source
data erification rate. Rising awareness regarding these benefits is propelling
the market.
Adoption
of eClinical workflows in trials offer enormous potential in clinical
development processes. These solutions can facilitate decision making in each
stage of development. It also helps in reducing cost & time between
development phase by utilizing seamless designs & identifying failing
compounds. In addition, it offers rapid access to data & patient safety
information, which is helpful in making quick decisions.
Browse full
research report on eClinical Solutions Market: www.grandviewresearch.com/industry-analysis/eclinical-solutions-market
Further key
findings from the study suggest:
- CTMS dominated the product segment in 2016
owing to associated benefits such as centralized end-to-end management of
clinical trial activities, elimination of reliance on manual processes,
real-time status tracking, and maintenance of multiple databases, which
cumulatively improve the overall efficiency of clinical trials
- On-premise eClinical solutions are most
commonly preferred solutions. The preference for these services is mainly
due to complete access to information and have full control within the
premise
- Key market players are engaged in various
strategies such as mergers & acquisitions and new product development
to gain market penetration
- New product development and strategic alliances
including partnership agreements, promotional activities, and acquisitions
are instrumental in keeping market rivalry high
- For instance, in February 2016, Oracle Health
Sciences entered into an agreement with Bayer Healthcare to provide its
clinical e-monitoring solutions, Oracle Siebel Clinical Trial Management
System, to the latter
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global eClinical solutions market
report on the basis of end-user application and region:
eClinical
Solutions Product Outlook (Revenue, USD Million, 2014 - 2025)
- Electronic
Clinical Outcome Assessment (eCOA)
- Electronic
Data Capture (EDC) and Clinical Data Management Systems (CDMS)
- Clinical
Analytics Platforms
- Clinical
Data Integration Platforms
- Safety
Solutions
- Clinical
Trial Management Systems (CTMS)
- Randomization
and Trial Supply Management (RTSM)
- Electronic
Trial Master File (eTMF)
eClinical
Solutions Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)
- Web-hosted
(On-demand)
- Licensed
Enterprise (On-premise)
- Cloud-based
eClinical
Solutions Clinical Trial Outlook (Revenue, USD Million, 2014 - 2025)
- Phase I
- Phase II
- Phase
III
- Phase IV
eClinical
Solutions End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- CROs
- Academic
Institutes
- Pharmaceutical
Biopharmaceutical Companies
- Medical
Device Manufactures
eClinical
Solutions, Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Netherlands
- Sweden
- Denmark
- Asia
Pacific
- Japan
- China
- India
- Korea
- Australia
- New Zealand
- Taiwan
- Hong
Kong
- Singapore
- Thailand
- Vietnam
- Latin
America
- Brazil
- Argentina
- Chile
- Middle
East & Africa
- South
Africa
- Saudi
Arabia
- U.A.E
- Egypt
- Qatar
Access
Press Release By Grand View Research: 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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