The global eClinical solutions market is estimated to reach 7.61 Billion by 2022, at a CAGR of 12.4% during the forecast period (2017-2022). Adoption of novel software solutions during clinical research and rising government funding to support clinical trials are key factors fueling the growth of the market. Furthermore, increased outsourcing of clinical trial processes by industrial researchers to contract research organizations (CROs) offers growth opportunities for market players.
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Geographically, North America commanded largest share of eClinical solutions market in 2016, followed by Europe. Large market share of North America attributed to significant number of ongoing clinical trials in this region.
A number of factors like increasing government grants to support clinical trials, continuous product development and launch by eClinical solution vendors, growth in number of partnerships for new drug development, high prevalence of lifestyle diseases, & an increasing aging population are further stimulating demand for eClinical solutions in North America.
Complete report on eClinical Solutions Market spread across 163 Pages, Profiling 13 Companies and Supported with 72 Tables and 40 Figures is now available at www.rnrmarketresearch.com/eclinical-solutions-market-ctms-cdms-edc-ivrs-epro-irb-systems-global-trends-opportunities-forecasts-2012-2017-market-report.html .
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Although developed regions such as North America and Europe held large shares in the eClinical solutions market in 2016, it is the Asia-Pacific region that is poised to achieve the highest CAGR in the next five years. Factors such as the increasing outsourcing of clinical trial studies by large pharma and biopharma companies to Asia-Pacific countries, the presence of large patient population, and the low operating cost of conducting clinical trials are propelling the growth of the eClinical solutions market in this region.
- Healthcare IT Service Providers
- eClinical Solution Vendors
- Clinical Research Organizations
- Pharmaceutical/Biopharmaceutical Companies
- Research and Development (R&D) Companies
- Business Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Centers/Universities/Hospitals
Web-based delivery mode segment commanded largest share of eClinical solutions market. A number of factors like easy user access, reductions in cost, and faster retrieval of data are responsible for its prominent market share.
Cloud-based delivery mode segment is estimated to register highest growth rate during forecast period. Ease of integration, quicker deployment, and flexible scalability with a fixed monthly fee offered by cloud-based models are expected to drive demand for these solutions.
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Partnerships, agreements, and collaborations are key growth strategies adopted by major players to enhance their positions in this market. Strategies such as product launches, enhancements, and deployments; mergers, and acquisitions; and geographic expansions were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the global eClinical solutions market.
The eClinical solutions market is highly competitive, with a large number of global and local players. Oracle Corporation (U.S.) Medidata Solutions, Inc. (U.S.), and PAREXEL International Corporation (U.S.) were the top three players in the eClinical solutions market in 2016. Partnerships, agreements, and collaborations; product launches, enhancements, and deployments; mergers and acquisitions; and geographic expansions are the major strategies adopted by most players to achieve growth in the eClinical solutions market.
Click now for more Details, Queries, Other Information on this study “eClinical Solutions Market by Product (CDMS, EDC, CTMS, eCOA, Analytics, RTMS, eTMF, Safety), Delivery Mode (On-Demand, On-premise, Cloud-based), Clinical Trial Phases, End User (Pharma/Biopharma Companies, CROs, Hospitals) - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts/discount?rname=57734 .
Report covers software solutions used across all phases in clinical trial process. It aims at estimating market size and future growth potential of this market across different segments such as product type, delivery mode, clinical trial phase, end user, and regions.
Report also includes an in-depth competitive analysis of key players with their company profiles, recent developments, and key market strategies.
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