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 verification 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: https://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: https://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
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.
For more information: www.grandviewresearch.com
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