eclinical solutions market by product Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, & Forecast, 2021 – 2027


Posted June 21, 2021 by Teju12

The global eclinical solutions market by product has been a segmented based on product, delivery mode, and end-users
 
The Global eClinical Solutions Market is slated to climb a valuation of USD 9434.57 million with a CAGR of 12.24 % between 2018 and 2023. Market Research Future (MRFR) in their new report on the market has mentioned the possibilities of triggering significant market growth during the same time frame, which can be considered forecast period.

eClinical solutions are known for their ability to combine clinical technology with expertise of the system. This system gets significant application in the improvement procedure of various clinical development by using data management and data analysis. The global market for eClinical solutions is getting significant growth from the increasing research and development sector, and significant market contribution by various biopharmaceutical and pharmaceutical companies. Among the other factors, hike in investment to spur development of clinical trials, increasing number of chronic diseases patients in sectors like cancer, diabetes, cardiovascular diseases, and chronic respiratory diseases, and surge in smart device adoption for healthcare management are points that can be used to assess the movement of the global eClinical solutions market.

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Segmentation

The global eclinical solutions market by product has been a segmented based on product, delivery mode, and end-users.


Product-wise segmentation of the global eClinical solution market includes clinical data management systems (CDMS), randomization & trial supply management systems (RTMS), clinical analytics platform, electronic clinical outcome assessment (ECOA), clinical trial management systems (CTMS), clinical data integration platforms, safety solutions and electronic trial master files (ETMF), and electronic data capture (EDC).

By delivery mode, the global eClinical solution market has been segmented into web-hosted (on demand), licensed enterprise (on-premise) and cloud-based (SaaS).

By end-users, the global eClinical solution market has been segmented into academic research organizations, consulting service companies, medical device manufacturers, hospitals, contract research organizations, and pharmaceutical companies.

Regional Analysis:

The Americas had a market coverage of around 47.99% in 2017, with the regional market showing immense possibilities of scoring a CAGR of 12.41 % over the review period. The regional market can be segmented into North America and South America. North America includes the US that has the largest market coverage and Canada that has the potential to showcase the highest growth rate of 9.98% during the forecast period.


The Asia-Pacific market has the potential to scale significant height during the forecast period owing to the huge population that resides in the region. Also, significant amount of clinical trials for diverse patient population and the growth in the geriatric population can be taken into consideration to get hold of the prospects of the market. Japan and China are major market contributors for the regional market.

Competitive Landscape:

Several companies in the global eClinical solutions market has revealed their intention to take the global market to the next level. This is expected to happen with the increasing strategic moves employed by them. MRFR enlisted these companies to have a better profiling of the market and understand trends that can change the global market in the coming years. These companies are PAREXEL International Corporation, ERT Clinical, CRF Health, BioClinica, Inc., Omnicomm Systems, Inc., DATATRAK International, Inc., Oracle Corporation, Medidata Solutions, Inc., Merge Healthcare Inc, and MaxisIT. Various methods like merger, acquisition, collaboration, partnership, product launch, and others have been included in the global market study.

In August 2019, HCL Technologies and Oracle Health Sciences announced their collaboration for mHealth in clinical trials. This partnership is also expected to improve the eClinical solution market.

Key Players:

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.

1 Executive Summary

1.1 Market Attractiveness Analysis 15

2 Market Introduction

2.1 Definition 19

2.2 Scope Of The Study 19

2.3 Assumptions 19

2.4 Market Structure 19

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 23

3.5 Forecast Model 23

4 Market Dynamics

4.1 Introduction 24

4.2 Drivers 25

4.2.1 Increasing R&D Activities By Biopharmaceutical And Pharmaceutical Companies 25

4.2.2 Growing Expenditure In The Development Of Clinical Trials 25

4.2.3 Rising Burden Of Chronic Diseases 25

4.2.4 Increased Use Of Smart Devices For Healthcare Management 26

4.3 Restraints 26

4.3.1 Shortage Of Healthcare Professionals And Patients For Clinical Trials 26

4.3.2 Security And Confidentiality Of Data 26

4.4 Opportunities 27

4.4.1 Increasing R&D For Precision Medicine Will Strengthen The Market For EClinical Solutions 27

4.5 Mega Trends 27

5 Market Factor Analysis

5.1 Value Chain Analysis 28

5.1.1 Inputs 28

5.1.2 Software Development Process 29

5.1.3 Output 29

5.1.4 Marketing And Distribution 29

5.1.5 Post-Selling Services 29

5.2 Porter’s Five Forces Model 30

5.2.1 Threat Of New Entrants 30

5.2.2 Bargaining Power Of Suppliers 31

5.2.3 Bargaining Power Of Buyers 31

5.2.4 Threat Of Substitutes 31

5.2.5 Intensity Of Rivalry 31

5.3 Regulatory Framework 32

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half- Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Contact Email [email protected]
Issued By Market Research Future
Country India
Categories Business , Health , News
Tags EClinical Solutions Market 2021 , eclinical solutions market report , EClinical solutions Market Growth Factors, , Global EClinical Solutions Market , eClinical Solutions Market share , EClinical solutions market size, , EClinical solutions market trend, , Covid19 Impact on EClinical solutions market
Last Updated June 21, 2021