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Global eClinical Solutions Market Research Report Forecast to 2023
SKU ID : MRF-14710047 | Publishing Date : 01-Aug-2019 | No. of pages : 142
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Global eClinical Solutions Market: Information by Type (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), 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 (North America, Europe, Asia-Pacific and RoW) - Forecast till 2023
Market Analysis
To reach USD 9434.57 million by 2023, the Global eClinical Solutions Market is predictable to register a CAGR of 12.24% The eClinical solutions market is a combination of clinical technology and has the expertise which is used to recover the clinical development procedure through data management and data scrutiny. Main features describing the market progress are rising R&D events by biopharmaceutical and pharmaceutical corporations, mounting outflow on the expansion of clinical trials, increasing weight of chronic diseases, and amplified adoption of smart devices for healthcare management. The largest market share is of Americas 47.99% in 2017, and the regional market is expected to list a CAGR of 12.41 % during the forecast period. The US is one of the top markets in the region, accounting for the largest market share during the review period. However, the Canadian market is predictable to show the highest growth rate of 9.98% during the forecast period from 2018 to 2023. Cumulative outsourcing of clinical trials and availability of diverse patient population are the main drivers for market growth. The Asia-Pacific market is likely to show substantial growth during the forecast period. India is the fastest growing region owing to its large geriatric population, which is strivers the growth of the eClinical solutions market in the region. The main contributor to the growth of the regional market is Japan, followed by China. The Clinical Data Management System (CDMS) segment is expected to lead the market and register a substantial CAGR to reach USD 2579 million by the end of 2023. CDMS is considered to be the most important part of eClinical solutions. CDMS is a tool used in clinical research to manage and store the data of clinical trials. However, the electronic clinical outcome assessment (eCOA) segment is projected to exhibit the highest CAGR of 14.98% from 2018 to 2023. The increasing demand for electronic clinical outcome assessment is driving the growth of the segment. Envisioned Spectators are Investors and trade experts, Governments, associations, and industrial bodies, e Clinical solution providers, Healthcare, IT industry, Retailers, distributors, and wholesalers,
Market segmentation
Global eClinical Solutions Market is segmented into 3 segments.It is segmented by Delivery Mode i.e., Enterprise-Based and Web-Based and Cloud-Based. It is also segmented by Type wherein different types are Clinical Trial Management System (CTMS), Clinical Data Management System (CDMS), Electronic Clinical Outcome Assessment (eCOA), Electronic Trial Master Files (eTMF), Trial Safety & Regulatory Randomization and Trial Supply Management (RTSM). And one of the most important segments is by Region. In this market segmentation is based on region. North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America
Regional Analysis
North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America
Key Players
The prominent players in the global eClinical solutions market are ERT Clinical, PAREXEL International Corporation, BioClinica, Inc., CRF Health, Oracle Corporation, DATATRAK International, Inc., Merge Healthcare Inc, Medidata Solutions, Inc., Omnicomm Systems, Inc. and MaxisIT.
The players operating in the global eClinical Solutions market are focusing on product launches, along with expanding their global footprints by entering untapped markets.
Market Analysis
To reach USD 9434.57 million by 2023, the Global eClinical Solutions Market is predictable to register a CAGR of 12.24% The eClinical solutions market is a combination of clinical technology and has the expertise which is used to recover the clinical development procedure through data management and data scrutiny. Main features describing the market progress are rising R&D events by biopharmaceutical and pharmaceutical corporations, mounting outflow on the expansion of clinical trials, increasing weight of chronic diseases, and amplified adoption of smart devices for healthcare management. The largest market share is of Americas 47.99% in 2017, and the regional market is expected to list a CAGR of 12.41 % during the forecast period. The US is one of the top markets in the region, accounting for the largest market share during the review period. However, the Canadian market is predictable to show the highest growth rate of 9.98% during the forecast period from 2018 to 2023. Cumulative outsourcing of clinical trials and availability of diverse patient population are the main drivers for market growth. The Asia-Pacific market is likely to show substantial growth during the forecast period. India is the fastest growing region owing to its large geriatric population, which is strivers the growth of the eClinical solutions market in the region. The main contributor to the growth of the regional market is Japan, followed by China. The Clinical Data Management System (CDMS) segment is expected to lead the market and register a substantial CAGR to reach USD 2579 million by the end of 2023. CDMS is considered to be the most important part of eClinical solutions. CDMS is a tool used in clinical research to manage and store the data of clinical trials. However, the electronic clinical outcome assessment (eCOA) segment is projected to exhibit the highest CAGR of 14.98% from 2018 to 2023. The increasing demand for electronic clinical outcome assessment is driving the growth of the segment. Envisioned Spectators are Investors and trade experts, Governments, associations, and industrial bodies, e Clinical solution providers, Healthcare, IT industry, Retailers, distributors, and wholesalers,
Market segmentation
Global eClinical Solutions Market is segmented into 3 segments.It is segmented by Delivery Mode i.e., Enterprise-Based and Web-Based and Cloud-Based. It is also segmented by Type wherein different types are Clinical Trial Management System (CTMS), Clinical Data Management System (CDMS), Electronic Clinical Outcome Assessment (eCOA), Electronic Trial Master Files (eTMF), Trial Safety & Regulatory Randomization and Trial Supply Management (RTSM). And one of the most important segments is by Region. In this market segmentation is based on region. North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America
Regional Analysis
North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America
Key Players
The prominent players in the global eClinical solutions market are ERT Clinical, PAREXEL International Corporation, BioClinica, Inc., CRF Health, Oracle Corporation, DATATRAK International, Inc., Merge Healthcare Inc, Medidata Solutions, Inc., Omnicomm Systems, Inc. and MaxisIT.
The players operating in the global eClinical Solutions market are focusing on product launches, along with expanding their global footprints by entering untapped markets.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
