According to eClinical Solutions Market Analysis 2019 to 2023 Global Industry research report published by Market Research Future, the Global eClinical Solutions Market Size to reach USD 9434.57 million value at 12.24% CAGR by Forecast Period of 2019 to 2023. Market for eClinical Solutions Industry is Segmented by Type (Clinical Data Management System, Randomization and Trial Supply Management (RTSM), Electronic Clinical Outcome Assessment (eCOA), Clinical Trial Management System (CTMS), Electronic Trial Master Files (eTMF), Trial Safety & Regulatory), Delivery Mode (Web-Based and Cloud-Based, Enterprise-Based), Clinical Trial Phase (Phase I, Phase II and Others), End User (End user Contract Research Organizations (CROs), Pharma/Biotech Companies) and Region – Global Opportunity Analysis with Industry Forecast, 2018 – 2023.
eClinical Solutions Market Companies Studied in report include PAREXEL International Corporation, ERT Clinical, CRF Health, Oracle Corporation, BioClinica, Inc., DATATRAK International, Inc., Merge Healthcare Inc, Medidata Solutions, Inc., Omnicomm Systems, Inc. and MaxisIT as the key players in the global eClinical solutions market.
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Global eClinical Solutions Market Insights:
The Global eClinical Solutions Market is expected to register a CAGR of 12.24% to reach USD 9434.57 million by 2023.eClinical solutions combine clinical technology and expertise and are used to improve the clinical development process through data management and data analysis.
Americas dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 12.41% during the review period. The European market was the second largest in 2017. The market is projected to reach USD 4568.70 million by the end of 2023, with the US being the leading market.
Major factors characterizing the market growth are increasing R&D activities by biopharmaceutical and pharmaceutical companies, growing expenditure on the development of clinical trials, rising burden of chronic diseases, and increased adoption of smart devices for healthcare management.
The global eClinical solutions market has been largely benefited by the research and development activities conducted by pharmaceutical companies. Increasing healthcare expenditure on clinical trials is also responsible for the growth of the market during the forecast period. Advanced eClinical technologies have helped to manage such data requirements with reduced development costs and quick decisions prospective for new product developments and launches, thereby increasing the efficacy of the clinical trial process. Moreover, t increasing burden of chronic diseases such as cardiovascular diseases, cancer, diabetes, and chronic respiratory diseases is further expected to boost the growth of the global eClinical solutions market during the review period.
Key Questions answered in report:
What is the market size of eClinical Solutions industry in Asia Pacific, North America, Europe, And Middle East?
Who are the leading players in the eClinical Solutions Industry?
Which key players are dominating the Global eClinical Solutions market?
What will be the forecast of the eClinical Solutions market for the next 5 years?
What is the market demand of the eClinical Solutions Industry?
What will be the upcoming trends in the eClinical Solutions Market?
What is the market size and growth rate of the Global eClinical Solutions market?
What are some factors that affect the eClinical Solutions market?
What will be the future of eClinical Solutions market in coming years?
eClinical Solutions Global Market Segment Analysis:
The global eClinical solutions market has been segmented on the basis of type, delivery mode, clinical trial phase, and end user.
On the basis of type, the market has been divided into the clinical data management system (CDMS), randomization and trial supply management (RTSM), electronic clinical outcome assessment (eCOA), clinical trial management system (CTMS), electronic trial master files (eTMF), and trial safety & regulatory. The Clinical Data Management System (CDMS) segment held the majority market share in 2017. However, the Electronic Clinical Outcome Assessment (eCOA) segment is anticipated to be the fastest growing, followed by the Clinical Data Management System (CDMS) segment.
On the basis of Delivery Mode, the market has been divided into web-based, cloud-based, and enterprise-based.
Based on Clinical Trial Phase, the market has been segmented into Phase I, Phase II, Phase III, Phase IV. Phase IV segment holds the largest market share in the global eClinical solutions market.
The end user segment is divided into contract research organizations (CROs), pharma/biotech companies, and others. Contract Research Organizations (CROs) is dominating the market due to the rising clinical trials outsourcing to contract research organizations.
eClinical Solutions Global Market Regional Analysis:
Geographically, the global eClinical solutions market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Americas was the largest market for eClinical solutions in 2017 and is expected to remain dominant during the review period. Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period. The growing clinical trials and the need for advanced treatments, along with a growing need for better healthcare infrastructure are the major driving factor for the growth of the eClinical solutions market in Europe.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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