Healthcare eClinical MARKET IS PROJECTED TO GROW UP TO 12.9% CAGR DURING THE FORECASTING PERIOD 2021-...


eClinical MARKET IS PROJECTED TO GROW UP TO 12.9% CAGR DURING THE FORECASTING PERIOD 2021-2027.

Clinical technologies and experience are combined in eClinical applications, which are typically used to improve the clinical development process through data processing and data scrutiny. In addition, eClinical solutions assist researchers in the end-to-end clinical research phase by offering a solution based on proper management of the lengthy clinical research process. Clinical technology and skills are handled by eClinical applications to speed up the clinical development process. With the rise in clinical trials in the pharmaceutical and biotechnology industries, demand for eClinical solutions is increasing. Due to their large patient pools and low operating costs, developing countries such as Korea, Taiwan, and India are seeing a substantial increase in the outsourcing of eClinical solutions. In developed economies, the existence of a strict regulatory framework for clinical trials, as well as a greater need for safety control, are also important factors in the adoption of eClinical solutions.

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Key Driving Factors: Increased outsourcing: 

The increasing trend of outsourcing clinical trials to contract research organisations (CROs), as well as the growing number of CROs and life sciences organisations, is expected to propel the market forward in the coming years. Furthermore, the growing number of research programmes in Asian countries, as well as the growth of cost-effective modules, are expected to boost demand for eClinical solutions. Furthermore, growing government funding and grants to support clinical trials, as well as high acceptance of eclinical solutions for enhanced data standardisation, are all contributing to the global market's growth from 2021 to 2028. The market's growth is also aided by the growing adoption of innovative software solutions in clinical research.

This report offers the major market player’s profiles, such as Crf Health, Oracle Corporation, Medidata Solutions, Inc, Bioclinica, Inc, Parexel International Corporation, Thermo Fisher Scientific, Inc, Merge Healthcare Incorporated, Omnicomm Systems Inc, ERT CLINICAL, and Maxisit Inc.

Opportunities: In The Future  The Market For Software Solutions For Clinical Testing Will Increase.

With pharma and biopharma companies growing their demand for software solutions for clinical trials, it is expected that this factor will be one of the market's key stimulants in the coming years. Such stimulants enable newcomers to maximise their future growth and market share. Eclinical solutions will also be taken seriously by an increasing number of healthcare facilities in the future. Apart from that, the government grants to support clinical trials and a growing end-user base for eClinical solutions are expected to fuel the demand during the forecast period.

By End User:

Pharmaceutical and biopharmaceutical firms, contract research agencies, consulting engineering firms, medical device manufacturers, hospitals, and academic research institutions are the end users in the global eClinical solutions sector. In the eClinical solutions industry, the pharmaceutical and biopharmaceutical companies segment will rise at the fastest CAGR in 2021. Pharmaceutical and biopharmaceutical firms use software solutions especially during clinical trials to obtain regulatory approval for newly developed drugs.

The eClinical Solution market report has been categorized as below

By Product

  • Clinical Data Management Systems (CDMS) and Electronic Data Capture (EDC)
  • Clinical Trial Management Systems (CTMS)
  • Clinical Analytics Platform
  • Randomization and Trial Supply Management (RTMS)
  • Clinical Data Integration Platform
  • Electronic Clinical Outcome Assessment (eCOA)
  • Safety Solutions
  • Electronic Trial Master Files (eTMF)
  • Regulatory Information Management Solutions (RIMS)
  • Others (Institutional Review Board Systems, Coding Systems, and Core Lab Integration Solutions)

By Clinical Trial

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Based on Delivery mode

  • Web-Hosted
  • Licensed Enterprise
  • Cloud-Based

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : April-2021