According to the latest report by IMARC Group, titled “eClinical Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global eClinical solutions market size reached US$ 7.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2027, exhibiting a growth rate (CAGR) of 12.84% during 2022-2027.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
A Closer Look at the Global eClinical Solutions Market:
eClinical solution is a software-based program that combines clinical technology and expertise to help life sciences organizations accelerate their clinical development processes. These solutions are used to record data in real-time and automate and conduct clinical trials. The system aids in analyzing, managing, maintaining, and recording clinical data. It consists of randomization and trial supply management (RTSM), clinical trial management system (CTMS), and clinical data management system (CDMS). Moreover, the eClinical solution functions with web-based applications and can be installed on-premises or deployed through cloud-based platforms. Currently, they are widely employed across diagnostic centers, hospitals, clinics, and other healthcare institutions.
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eClinical Solutions Market Trends:
The global eClinical solutions market is primarily accelerated by rapid improvements in the healthcare infrastructure, especially in developing regions, due to the implementation of favorable government policies. Additionally, the increasing demand for eClinical solutions across the biopharmaceutical industries to seek regulatory approvals for newly developed medicines and drugs is bolstering the market growth. In line with this, the rising incorporation of software solutions in clinical trials and surging investments in healthcare IT solutions are creating a positive outlook for the market. Moreover, the integration of the Internet of Things (IoT) with medical devices and the increasing trend of outsourcing clinical trials to contract research organizations (CROs) are boosting the market growth.
Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global eClinical solutions market has been studied in the report with the detailed profiles of the key players operating in the market.
- Anju Software Inc.
- Bioclinica (Merged with ERT Clinical)
- Bio-Optronics Inc. (Advarra Inc.)
- DATATRAK International Inc. (OTCMKTS: DTRK)
- eClinical Solutions LLC
- eClinicalWorks
- International Business Machines Corporation (NYSE: IBM)
- Medidata Solutions (Dassault Systèmes) (OTCMKTS: DASTY)
- Oracle Corporation (NYSE: ORCL)
- PAREXEL International Corporation
- Signant Health
eClinical Solutions Market Segmentations:
The report has segmented the eClinical solutions market on the basis of product, delivery mode, development phase, end use and region.
Breakup by Product:
- eCOA
- EDC and CDMS
- Clinical Data Integration Platforms
- Safety Solutions
- CTMS
- RTSM
- eTMF
- Clinical Analytics Platforms
Breakup by Delivery Mode:
- Web-hosted (On-demand)
- Licensed Enterprise (On-premises)
- Cloud-based
Breakup by Development Phase:
- Phase I
- Phase II
- Phase III
- Phase IV
Breakup by End Use:
- Hospitals
- Contract Research Organization
- Academic Institutes
- Pharma and Biotech Organizations
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
More Reports Published By Us:
Global Clinical Laboratory Services Market: https://bit.ly/3PuMzpe
eHealth Market: https://bit.ly/3RXxyxH
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