Felton, 6 December
2019 - EClinical Solutions Market size is
predicted to value at USD 12.05 million by 2025, during the forecast period.
The market is subject to undergo a substantial growth due to the rise in the
R&D activities by number of bio-pharma and healthcare organizations,
growing use of automated solutions in medical trials, and rise in the
customer-base. Various advanced technologies such as electronic data capture
via Wi-Fi enabled devices in the field of clinical trials, has led to rapid
development in eClinical solutions industry in recent years.
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The constant need for tracing and diagnosis of clinical data
is influencing the clinics and hospitals to adopt of efficient clinical
solutions, thus escalating market growth over forecast period. Additionally,
the crucial need for highly efficient clinical process is poised to influence
the growth of the industry. Globally, the eClinical solutions industry is
predicted to grow at CAGR of 13.6% in the forecast period, thus providing
numerous opportunity for market players to invest for research and development
in the eClinical solutions market.
Latest trend associated with outsourcing of medical trials
to the contract research organizations (CROs), growing number of these
organizations, and environmental & life sciences are helping eClinical
solutions industry to acquire immense traction in the upcoming years. Also,
numerous research programs across the globe to implement low cost modules are
responsible for stirring up the need for eClinical systems. Furthermore,
digital revolution in the healthcare sector and ever-changing inclination
towards the current data centric trends are expanding the reach of the market.
The constant need to embed clinical IT solutions is growing
because of the large sets of data produced between clinical development
procedures. eClinical systems provide a common source of data to allow cost
optimization by removing undesired data entry and limiting need for online
verification technique and data authentication rate. Growing awareness
associated with the use of the eClinical solutions is advancing market growth
during forecast period.
eClinical is commonly used to signify the automated
electronic applications that are implemented in clinical research. The use of
eClinical is significantly growing in the biopharmaceutical industry as well.
Formerly, eClinical solutions is typically adopted for engineering application
in the clinical trials similar to EDCs i.e. electronic data capture systems,
electronic patient diaries, interactive voice response (IVR) systems,
interactive web recognition (IWR) systems, e-PRO and other kinds automated
systems that are commonly utilized in clinical trials. eClinical solutions are
mostly web-based toolkits to capture real time data associated with the
clinical trials to provide faster and superior execution of clinical processes.
eClinical solutions are implemented with the help of software located on the
server side, so it is not needed to install it on the desktop. There are
various eClinical forums allowing users to share ideas via internet.
The conventional methodologies such as clinical trials were
influenced by some of the critical factors similar to the growing competition,
rising prices of medicines and strict governmental laws to limit adverse
effects on the environment. With advent of the eClinical solutions, such
factors are significantly diminished due numerous advantages provided with the
use of the eClinical technologies. Benefits associated with adoption of
eClinical solutions are superior performance, successful trials, reliability
and short timeframes for execution of clinical trial, and cost-effectiveness.
The eClinical solutions market is divided into regional
market segment such as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
adoption of modern techniques in healthcare sector and presence of prominent
industry players in the region. Asia-Pacific region is predicted to hold major
market share in the eClinical solutions industry with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with growing need for medical infrastructure and increasing
occurrence of chronic diseases like cancer and cardiovascular disorders. The
key players in the eClinical solutions market are IBM Inc., Oracle Co.,
Medidata Solutions Incorporations, Bio Clinical Solutions, DATATRAK
Incorporations, CRF Health Solutions, ERT Inc., and eClinical Solutions.
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Market Segment:
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
End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals
• CROs
• Academic
Institutes
• Pharmaceutical
Biopharmaceutical Companies
• Medical Device
Manufactures
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