Shibuya-ku, Tokyo, Japan, Japan, Mar 03, 2021, 01:27 /Comserve / -- Some of the dominant players consist of Crf Health, Oracle Corporation, Medidata Solutions, Inc, Bioclinica, Inc, Parexel International Corporation, Thermo Fisher Scientific, Inc, Merge Healthcare Incorporated, Omnicomm Systems Inc
eClinical solutions are the ones that combine clinical technology with expertise and are widely used to improve the clinical development process through various data tools such as data management and data analysis. Major factors that are characterizing the market growth are increasing R&D activities by biopharmaceutical and pharmaceutical companies, rising burden of chronic diseases, soaring expenditure on the development of clinical trials, and increased adoption of smart devices for healthcare service management. The reasons for the high demand for eClinical solutions are the rising costs of operational and regulatory requirements.
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Globally, the EClinical Solutions Market is growing at a CAGR of 12.5% during the forecast period of 2020-2026, with a base value of $6.27 billion in 2020 to $12.76 billion in 2026. The factors which are responsible for driving this market are increasing acquisition of eClinical solutions for advanced data arrangement process as well as the acquisition of novel software solutions, which helps in organizing the research activities in clinical research.
For the year 2019, North America was the leading revenue contributor. The target population, which is constantly increasing, is coming with a risk of lifestyle-associated diseases such as cardiac disorders and diabetes. This is expected to lead to growth in the regional market for EClinical Solutions. Even the presence of significant companies, as well as the attainability of fully-developed infrastructure, is expected to accelerate the growth of the market of eClinical solutions.
Asia Pacific is projected to record a notable CAGR over the 2020-2026 forecast periods. High unfulfilled medical requirements and the increasing incidence of non-communicable diseases such as cancer, cardiovascular, and infectious diseases are stoking the demand for eClinical solutions in the region.
Table of Content
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.3. PEST Analysis
3.4. Porter Five Forces
3.5. Related Markets
4. Market characteristics
4.1. Market Evolution
4.2. Market Trends and Impact
4.3. Advantages/Disadvantages of Market
4.4. Regulatory Impact
4.5. Market Offerings
4.6. Market Segmentation
4.7. Market Dynamics
4.7.1. Drivers
4.7.2. Restraints
4.7.3. Opportunities
4.8. DRO - Impact Analysis
5. Product: Market Size & Analysis
5.1. Overview
5.2. Electronic Data Capture and Clinical Data Management Systems
5.3. Clinical Trial Management Systems
5.4. Clinical Analytics Platform
5.5. Randomization and Trial Supply Management
5.6. Electronic Trail Master Files
5.7. Electronic Clinical Outcome Assessment
5.8. Safety Solutions
5.9. Electronic Trail Master Files
5.10. Regulatory Information Management Solutions
5.11. Others
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Based on the product, the market segmented by EDC and CDMS, CTMS, Clinical Analytics Platform, RTMS, Clinical Data Integration Platform, eCOA, Safety Solutions, eTMF, RIMS, others. Electronic Clinical Outcome Assessment (eCOA) is assumed to be the rapidly growing segment in the forecast period 2020-2026 since the growing importance of high-quality clinical data. The process of data capturing using eCOA platforms improve the quality of information captured, efficient data collection procedures as well as offers potential data analysis.
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