eClinical solutions refer to the solutions that are employed to automate and manage clinical trials. A combination of technology, products, and services, these solutions are used to manage various tasks such as complexity, the volume of clinical trial data, the cost for gathering data, and organizing and analyzing of study data.
Progressive Markets added a report, "eClinical Solutions Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", which says that the market is expected to grow at a CAGR of 12.6%, globally from 2017 to 2025.
The clinical trials could be for novel drugs or vaccines, dietary choices, medical devices, and more. They help enhance work efficiency, accelerate the process of clinical trials, reduce the cost of clinical trials, and foster better management and integration of different trial data for efficient observation.
Some of the features of eClinical solutions include device and drug tracking, integrated eCRF note changing, real-time notifications, real-time reporting, and configurable report building.
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Market Drivers and Restraints
The eClinical solutions market is witnessing a substantial growth owing to factors such as an increase in operational cost and regulatory requirements, increase in advancement and government support on clinical trial studies, and the growing R&D expenditure for drug development by companies. On the other hand, stringent and lengthy government regulations and the high cost associated with conducting clinical trials are impeding the growth of the market.
eClinical Solutions Market Key Segmentation:
The report encompasses the eClinical solutions market segmentation based on the product, the delivery mode, the clinical trial phase, end-user, and geography. Based on product type, the market is classified into Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), clinical analytics platform, Randomization and Trial Supply Management (RTMS), clinical data integration platform, Electronic Clinical Outcome Assessment (eCOA), safety solutions, Electronic Trail Master Files (eTMF), Regulatory Information Management Solutions (RIMS), and others (coding systems, institutional review board systems, and core lab integration solutions).
Based on the mode of delivery, the market is divided into web-hosted (on-demand), licensed enterprise (on-premise), and cloud-based (SaaS). By clinical trial phase, the market is divided into Phase I, Phase II, Phase III, and Phase IV.
Based on end-user, the market is classified into pharmaceutical and biopharmaceutical companies, contract research organizations, consulting service companies, medical device manufacturers, hospitals, and academic research institutions.
Based on geography, the report studies the eClinical solutions industry across regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico.
In Europe, the market is analyzed across UK, Germany, France, Spain, Italy, and the rest of Europe. The market in the Asia-Pacific region has been analyzed across China, Japan, India, Australia, South Korea, and the other parts of Asia-Pacific.
Lastly, the market in the LAMEA region has been studied across Brazil, Saudi Arabia, South Africa, and the rest of LAMEA.
Key Market Players
The top players in the global eClinical solutions market include Oracle Corporation (U.S.), Medidata Solutions, Inc. (U.S.) PAREXEL International Corporation (U.S.), BioClinica, Inc. (U.S.), CRF Health (U.S.), DATATRAK International, Inc. (U.S.), ERT (U.S.), MaxisIT Inc. (U.S.), Bio-Optronics, Inc. (U.S.), and eClinical Solutions, Inc. (U.S.).
The report includes an in-depth analysis of the global eClinical solutions industry. It includes the eClinical solutions market size, eClinical solutions market share (2014-2025), market trend analysis, Porter's Five Forces analysis, market dynamics, mode of research used, market segmentation, competitive landscape and recent industry development analysis, and the emerging industry players.
The market size helps to understand the status of the market. The ongoing and future trends in the eClinical solutions market tell about the developments taking place within the industry.
Research methodology includes the primary and secondary research used to collect and validate data.
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The Porter's Five Forces Analysis helps determine the degree of competition in the industry and devise plans for business growth. The market dynamics help players and investors determine the factors leading to market growth, identify what may make their business suffer, and accordingly plan their business ventures.
The report also includes the eClinical solutions market forecast and estimations from 2017 to 2025, and the historic market size from 2014 to 2016 for each segment and region.
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