eClinical Solution Market 2022 – Market Size, Share, Trends Analysis and Growth Forecast
Added: (Thu Jan 31 2019)
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Increasing adoption of technologically advanced solutions and emphasis on automation have aided the healthcare sector in optimizing various functions and services especially in clinical trials and clinical research. eClinical solutions are utilized to carry out electronic data capturing and processing with the help of automation. Market Research Future (MRFR) has published a report stating that the global eClinical solutions market is marked to expand at a significant CAGR of 11.10% during the forecast period of 2018-2022.
Rapid increase in patient population and high prevalence of chronic diseases are inducing high demand for optimization of healthcare services. Incorporation of automation, recent development in artificial intelligence and machine learning technologies are some of the major factors that are propelling the growth of the global eClinical solutions market. Increased government funding for the development of healthcare services in the developed and developing regions and high demand for a sophisticated platform to manage a large amount of data from clinical research, and clinical trials are also fueling the growth of the global eClinical solutions market. However, poor economic conditions and low penetration of advanced technology in the underdeveloped regions are restraining the growth of the global eClinical solutions market during the assessment period.
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Key Players for Global eClinical Solution Market
The major players profiled by MRFR that are operating in the global eClinical solutions market are Oracle Corporation, Parexel International Corporation, eClinical Solutions Inc, Medidata Solutions Inc, Bioclinica Inc, CRF Health, Datatrak International, Merge Healthcare Inc, Omnicomm Systems Inc, Maxisit Inc, and ERT Clinical. The innovative initiatives such as advanced solution launch, strategic mergers and acquisitions, and increased research and development expenditure are aiding the players to sustain the competition and expand their businesses in the global eClinical solutions market.
Competitive Analysis of Global eClinical Solution Market
The Global E-Clinical Solution Market appears to be highly competitive and diversified with the presence of giant manufacturers of the device, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies and product Launch to gain the competitive edge in the market.
Segmentation
The global eClinical solutions market has been segmented on the basis of product, delivery mode, and end-users. Based on product, the eClinical solutions market has been segmented into analytics platform, randomization & trial supply management systems (RTMS), clinical trial management systems (CTMS), electronic data capture (EDC), clinical data management systems (CDMS), clinical data integration platforms, electronic clinical outcome assessment (ECOA), safety solutions and electronic trial master files (ETMF). Based on delivery mode, the eClinical solutions market has been segmented into web-hosted (on demand), licensed enterprise (on-premise) and cloud-based (SaaS). Based on end-users, the eClinical solutions market has been segmented into contract research organizations, medical device manufacturers, consulting service companies, hospitals, pharmaceutical companies, and academic research organizations.
eClinical Solution Market – Regional Analysis
The global eClinical solutions market has been geographically segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. The North America region is anticipated to command the largest share in the global eClinical solutions market. Rising demand for technologically advanced solutions in the healthcare sector, easy adoption of advanced technology and increasing number of ongoing clinical trials along with financial support from the government are aiding the growth of the eClinical solutions market in this region. The Asia Pacific region is projecting the fastest growth at the highest CAGR in the global eClinical solutions market during the assessment period. The eClinical solutions market in this region is majorly driven by rapid development of the healthcare sector in the emerging economies and increasing outsourcing of services by the prominent multinational pharmaceutical organizations in this region. Increased investments in research and development in the well-developed healthcare sector are propelling the growth of the global eClinical solutions market. The Middle East and Africa region commands the least share in the global eClinical solutions market owing to the low penetration of advanced technology in the underdeveloped countries of this region.
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