Geographically, North America commands the largest share of eClinical solutions market in 2016, followed by Europe. The large market share of North America is attributed to a significant number of ongoing clinical trials in this region. 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.
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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). 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.
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Key Target Audience
- 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
In eClinical Solutions Market research, 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.
Global eClinical Solutions Market, by Product
- 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)
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.), eClinical Solutions, Inc.
(U.S.), MaxisIT Inc. (U.S.), Bio-Optronics, Inc. (U.S.), Merge Healthcare Incorporated (U.S.), and OmniComm Systems, Inc.
(U.S.) are some key players operating in the global eClinical solutions market.
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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.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on eClinical solutions offered by the top 10 players in market. Report analyzes eClinical solutions market, by product, delivery mode, clinical trial phase, and end users across four geographies.
Product Development/Innovation: Detailed insights on current technologies, research and development activities, and product launches in the eClinical solutions market.
Market Development: Comprehensive information of lucrative emerging markets. Report analyzes markets for various eClinical solutions across four geographies (North America, Europe, Asia-Pacific, & Rest of the World).
Competitive Assessment: Assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the eClinical solutions market.
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