eCOA, eSource & Clinical Trials Market Set to Grow According to Forecasts


Posted February 5, 2020 by preefacto

eCOA, eSource & Clinical Trials Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029
 
The latest Fact.MR study indicates healthcare facilities, contract research organizations, and educational & research institutes collectively spent ~US$ 1,950 Mn on eCOA, eSource and clinical trials solutions in 2018. The eCOA, eSource & clinical trials market is envisaged to witness substantial traction through 2019, with gains primarily driven by the growing penetration of digitization in healthcare sector and substantial increase in pharma spending on clinical trials.

Rapidly expanding deployment of clinical trial solutions, which contributed to ~40% of the total spending on eCOA, eSource, and clinical trials in 2018, will continue to appeal a widening bandwidth of institutions through 2029, says the report.

Competitive Assessment

The eCOA, eSource & clinical trials market report includes global as well as emerging players:

OpenClinica, LLC
CRF Health, Inc.
ERT Clinical
Medidata Solutions, Inc.
ArisGlobal LLC
Health Diary, Inc.
ICON plc
PAREXEL International Corporation
OmniComm Systems, Inc
PAREXEL International Corporation
Medrio, Inc.
PAREXEL International Corporation
Medable

The insights for each vendor consists of:

Company profile
SWOT analysis
Main market information
Market share
Revenue, pricing and gross margin

Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=4042

Regional Analysis

Important regions covered in the eCOA, eSource & clinical trials market report include:

North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania

Spending on eCOA Set to Quadruple

The Fact.MR study opines that though the deployment of clinical trial solutions overshadowed the use of Electronic Clinical Outcome Assessment (eCOA), eSource, and EDA in 2018, the market is envisaged to witness a range of changes during the foreseeable period. Growing penetration of Bring Your Own Device (BYOD) trend in clinical trials is highly likely to pace up the use of eCOAs, such as ePROS, ClinROs, ObsROs, and PerfORs across wide range of pharmaceutical companies and research facilities.

eCOAs is envisaged to hold ~45% of the overall spending share by the end of 2029, in line with the growing use of smartphones and tablets to seamlessly collect clinical data for analysis. Additionally, reduced cost and high scalability of eCOA are the primary determinants that continue to push its adoption during clinical trials, which is envisaged to contribute significantly to the growth of the eCOA, eSource & clinical trials market.

The eCOA, eSource & clinical trials market report also provides data regarding the key countries in the defined regions.

Segmentation Analysis

By Solution Type:

ePROs (Patient Reported Outcomes)
ClinROs (Clinician Reported Outcomes)
ObsROs (Observer reported Outcomes)
PerfOs (Performance Outcomes)
eSource
Clinical Data Management Systems (CDMS)
Clinical Trial Management Systems (CTMS)
Randomization and Trial Supply Management Systems (RTMS)
Trail Planning and Safety Solutions
Electronic Data Capture (EDC)

By end user:

Contract Research Organizations
Hospitals & Other Healthcare Facilities
Pharmaceutical/Biotechnology/Medical Devices Companies
Educational & Research Institutes

What insights does the eCOA, eSource & clinical trials market report provide to the readers?

ECOA, eSource & clinical trials market fragmentation on the basis of product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each eCOA, eSource & clinical trials market player.
Various regulations imposed by the governments on the consumption of eCOA, eSource & clinical trials market in detail.
Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global eCOA, eSource & clinical trials market.

Stakeholders Eyeing Opportunities through Collaborations

As the healthcare sector delves deeper into advanced technology, a large number of companies have formulated unique strategies to remain unaffected by the curve of change. Several pharmaceutical companies, research organizations and CROs have placed their focus on collaborations, while they embrace digitization to create patient-centric experiences. For instance, Signant Health has launched a partner program to collaborate with Clinical Research Organizations (CROs) that are dedicated towards improving clinical trials using patient-centric technology.

Additionally, Iqvia has recently launched a novel eCOA cloud based technology platform to quantify the patient experience, while increasing efficiency and reducing timelines at the same time.

Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=4042

Growing Demand for Clinical Trials to Underpin Spending of Emerging Regions

As per the Fact.MR study, the increasing prevalence of various chronic infectious diseases has led to a dire unmet need for efficient clinical trials in developing countries. Moreover the rising medical expense in these regions, which can be attributed to the fact that private hospitals are the key healthcare providers herein, continue to fuel clinical trial participation in developing countries. This, coupled with the growing awareness about the cost and efficiency benefits of using eCOA, eSource & clinical trial solutions for conducting clinic trials, and comparatively lenient regulatory framework are likely to add to the lucrativeness of developing countries, such as China and India for market players.

Questionnaire answered in the eCOA, eSource & clinical trials market report include:

How the market for eCOA, eSource & clinical trials market has grown over the historic period of 2014-2018?
What is the present and future outlook of the global eCOA, eSource & clinical trials market on the basis of region?
What are the challenges and opportunities for the eCOA, eSource & clinical trials market?
Why the consumption of eCOA, eSource & clinical trials market highest in region?
In which year segment is expected to overtake segment?
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Issued By FACT.MR
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Dublin 2, Ireland
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Categories Medical , News , Research
Tags ecoa , esource clinical trials
Last Updated February 5, 2020