Global EClinical Solutions Market Insights
Global eClinical Solutions Market size was valued at USD 7.18 billion in 2021 and is poised to grow from USD 8.15 billion in 2022 to USD 22.35 billion by 2030, growing at a CAGR of 13.4% in the forecast period (2023-2030).
eClinical solutions are software and applications used to oversee clinical trials and clinical research quickly and effectively. The various software under the umbrella of eClinical solutions aid in the management, maintenance, and recording of data, as well as the tracking of deadlines, among several other features. Among the multiple eClinical solutions few are clinical data management systems (CDMS) and clinical trial management systems (CTMS). It combines contact management sites and teams, a calendar and monitoring system, and document management into one application. Due to that, it generates accepted clinical research results as well as compliant submissions; stores and regulates data entry; authenticates the data's reliability and integrity; and enables improved patient experiences by improving drug development. The key market drivers of market include massive amounts of data from the healthcare industry, an increase in clinical trials, and a government increased focus on clinical research. However, a lack of awareness about infrastructure development may limit market expansion during the forecast period.
Get more info about Global eClinical solutions- https://www.skyquestt.com/report/eclinical-solutions-market
Analysis:
Global EClinical Solutions Market Segmental Analysis
Global eclinical solutions market is segmented based on the product, delivery mode, development phase, end-use, and region. Based on age group, global eClinical Solutions Market is segmented into Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platforms, Randomization and Trial Supply Management (RTSM), Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment (eCOA), and others. Based on delivery mode, the eClinical Solutions Market is segmented into web-hosted, on-premise, and cloud-based. Based on development phase, the eClinical Solutions Market is segmented into Phase I, phase II, phase III, and phase IV. Based on end-use, the eClinical Solutions Market is segmented into pharma & biotech organizations, contract research organizations, hospitals, and others. Based on region, eClinical Solutions Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
eClinical Solutions Market Analysis by Delivery Mode
Based on delivery mode, the eclinical solutions market is segmented into web-hosted, on-premise, and cloud-based. The web-hosted segment dominated the global market in 2021, accounting for over 74.0% of revenue, and is expected to maintain its dominance throughout the forecast period. The segment's prominence can be contributed to associated benefits such as ease of use and lower investment requirements. Because web-hosted products are easily customizable, providers can tailor information presentation for different user groups.
The cloud-based segment is expected to grow at the fastest rate during the forecast period due to integrated features such as flexibility, high accessibility, low handling costs, and easy data backup. These systems provide real-time data, allowing users to make quick decisions while also providing high-quality information for risk-based monitoring. These associated benefits are expected to raise the demand for cloud-based systems.
eClinical Solutions Market Analysis by Development Phase
Based on development phase, the eclinical solutions market is segmented into Phase I, phase II, phase III, and phase IV. In 2021, the phase III segment dominated the global market, accounting for over 53.0% of total revenue. The segment's growth is being fuelled by the increasing demand for clinical data management software to reduce overall costs and improve process efficiency.
The phase I segment is expected to be the most promising during the forecast period due to the high importance of these systems in predicting future outcomes and eliminating drug candidates with the lowest probability of success.
eClinical Solutions Market Top Player's Company Profiles
- Oracle Corporation
- Medidata Solutions, Inc.
- Parexel International Corporation
- Bioclinica, Inc.
- OmniComm Systems, Inc.
- ERT Clinical
- DATATRAK International, Inc.
- CRF Health
- Merge Healthcare, Inc.
- MedNet Solutions, Inc.
- Bio-Optronics, Inc.
- eClinicalWorks LLC
- ArisGlobal LLC
- OmniComm Systems, Inc.
- Anju Software, Inc.
- Veeva Systems, Inc.
- Dassault Systemes SE
- IBM Corporation
- SAS Institute Inc.
- PRA Health Sciences, Inc.
About Us:
SkyQuest Technology is leading growth consulting firm providing market
intelligence, commercialization and technology services. It has 450+ happy clients
globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
Tags
Global eclinical solutions Market Size
Global eclinical solutions Market Share
Global eclinical solutions Market Forecast
Global eclinical solutions Market Analysis
