Covid-19 Impact On eClinical Solutions Market 2020, Global Size, Industry Analysis by Clinical Trial Phases, Type, CAGR Value at 12.24%

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)

eClinical Solutions Market Overview

eClinical solutions are used for data analysis and management, which helps in speeding up the clinical procedures. Factors like increasing clinical trials and growing investments in research & development programs for eClinical solutions are driving the market. On observing the current market trends, the global eClinical solutions market is projected to touch a 12 % annual growth mark during the survey period. For drug development, the companies are extensively investing in research & development programs, which is majorly helping the market in gaining a more robust posture.

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The eClinical solutions have increased the pace of development and product launch with maximum efficiency. Also, the outsourcing of clinical trials, increasing contract research organizations, and other research organizations are some of the factors driving this market. With growing digitalization, the companies are now actively adopting the software-based solution for clinical trials, which increases efficiency and helps in gaining better results. The demand for safe monitoring of clinical trials is boosting the eClinical solutions market. The rising prevalence of chronic health conditions like COPD, cancers, diabetes, and others is side by side driving the market.

Apart from the extensive usage of eClinical solutions, the global market is struggling against high overall costs, and lack of skilled professionals is slowing the market’s growth. The handling of these solutions needs proper handling, and there is no space for the data inaccuracy as it can lead to varying results and may incur substantial costs.

Global eClinical Solutions market segments

The global eClinical Solutions market is segmented into three parts mentioned below:

Products types: safety solutions, clinical trial management systems (CTMS), electronic data capture (EDC), clinical data management systems (CDMS), and other products are available.

Delivery modes: Web-based, cloud-based, and on-premise delivery modes are there.

End-Users: Medical device manufacturing, hospitals, research institutes, contract research organizations (CROs), and others are the major end-users.

eClinical Solutions Market Regional Summary

America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global eClinical Solutions market.

The American region is the current market leader and is expected to stay at the top. The North American region will be the major shareholder and will show the highest growth rates during this period. Factors like increasing research & development programs, presence of CROs, demand for efficient solutions, and others are driving this market.

The European region is the next biggest market due to the rising prevalence of outsourcing the research & development programs, increasing awareness, and other factors.

The Asia Pacific region is the next biggest market and will show substantial growth rates due to the rise in the old age group, demands for better healthcare solutions, and other factors.

The rest of the regions are also showing impressive growth rates due to growing healthcare structures and increasing awareness.

eClinical Solutions Market 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.

eClinical Solutions Industry News

The global eClinical solutions market is gaining pace with time but is facing friction from factors like lack of trained professionals and high overall costs. The American region, with North America as the major shareholder, is the market leader and will show the highest growth rates during the survey period.

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