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eClinical Solutions Market Coronavirus (COVID-19) Impact Analysis with Business Opportunities, Survey And Growth Forecast 2027
eClinical Solutions Market  Coronavirus (COVID-19) Impact Analysis with Business Opportunities, Survey And Growth Forecast 2027
The Global eClinical Solutions Market is slated to climb a valuation of USD 9434.57 million with a CAGR of 12 % between 2018 and 2023

 

The Global eClinical Solutions Market is slated to climb a valuation of USD 9434.57 million with a CAGR of 12 % between 2018 and 2023. Market Research Future (MRFR) in their new report on the market has mentioned the possibilities of triggering significant market growth during the same time frame, which can be considered forecast period. 

eClinical solutions are known for their ability to combine clinical technology with expertise of the system. This system gets significant application in the improvement procedure of various clinical development by using data management and data analysis. The global market for eClinical solutions is getting significant growth from the increasing research and development sector, and significant market contribution by various biopharmaceutical and pharmaceutical companies. Among the other factors, hike in investment to spur development of clinical trials, increasing number of chronic diseases patients in sectors like cancer, diabetes, cardiovascular diseases, and chronic respiratory diseases, and surge in smart device adoption for healthcare management are points that can be used to assess the movement of the global eClinical solutions market.

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Segmentation

The global eClinical solution market has been segmented based product, delivery mode, and end-users.

Product-wise segmentation of the global eClinical solution market includes clinical data management systems (CDMS), randomization & trial supply management systems (RTMS), clinical analytics platform, electronic clinical outcome assessment (ECOA), clinical trial management systems (CTMS), clinical data integration platforms, safety solutions and electronic trial master files (ETMF), and electronic data capture (EDC).

By delivery mode, the global eClinical solution market has been segmented into web-hosted (on demand), licensed enterprise (on-premise) and cloud-based (SaaS).

By end-users, the global eClinical solution market has been segmented into academic research organizations, consulting service companies, medical device manufacturers, hospitals, contract research organizations, and pharmaceutical companies.

Regional Analysis:

Concerns about the security and confidentiality of data may hinder the eClinical solutions growth. The eClinical solutions research report suggests that companies in the eClinical solutions could be supported by pharmaceutical companies' research and development activities as well as the rising burden of chronic diseases during the forecast period. The eClinical solutions are set to register growth at a high CAGR owing to these key factors. The eClinical solution is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per eClinical solutions analysts, the eClinical solutions is set to witness tremendous growth across delivery mode, end-user, and clinical trial phase segments. The global eClinical solutions’s North American region covers eClinical solutions across the United States, Mexico, Canada, and others. Businesses present in the eClinical solutions are also profiled and their strategies have been presented in detail in the eClinical solutions research report.

The eClinical solutions across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the eClinical solutions research report provides details about the APAC region covering eClinical solutions from China, India, Australia, Japan, and others. The eClinical solutions is also active across several other parts of the world. The eClinical solutions report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global eClinical solutions..

Competitive Landscape:

Several companies in the global eClinical solutions market has revealed their intention to take the global market to the next level. This is expected to happen with the increasing strategic moves employed by them. MRFR enlisted these companies to have a better profiling of the market and understand trends that can change the global market in the coming years. These companies are PAREXEL International Corporation, ERT Clinical, CRF Health, BioClinica, Inc., Omnicomm Systems, Inc., DATATRAK International, Inc., Oracle Corporation, Medidata Solutions, Inc., Merge Healthcare Inc, and MaxisIT. Various methods like merger, acquisition, collaboration, partnership, product launch, and others have been included in the global market study.

In August 2019, HCL Technologies and Oracle Health Sciences announced their collaboration for mHealth in clinical trials. This partnership is also expected to improve the eClinical solution market.

Key Players:

The major players profiled by MRFR that are operating in the global eClinical solutions market are Oracle Corporation, Parexel International Corporation, eClinical Solutions Inc, Medidata Solutions Inc, Bioclinica Inc, CRF Health, Datatrak International, Merge Healthcare Inc, Omnicomm Systems Inc, Maxisit Inc, and ERT Clinical. The innovative initiatives such as advanced solution launch, strategic mergers and acquisitions, and increased research and development expenditure are aiding the players to sustain the competition and expand their businesses in the global eClinical solutions market.

List Of Figures

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL ECLINICAL SOLUTIONS MARKET 15

FIGURE 3 GLOBAL ECLINICAL SOLUTIONS MARKET SHARE, BY TYPE, 2020 (%) 15

FIGURE 4 GLOBAL ECLINICAL SOLUTIONS MARKET, BY TYPE, 2020–2027 (USD MILLION) 16

FIGURE 5 GLOBAL ECLINICAL SOLUTIONS MARKET SHARE, BY DELIVERY MODE, 2020 (%) 16

FIGURE 6 GLOBAL ECLINICAL SOLUTIONS MARKET, BY DELIVERY MODE, 2020–2027 (USD MILLION) 17

FIGURE 7 GLOBAL ECLINICAL SOLUTIONS MARKET SHARE, BY CLINICAL TRIAL PHASE, 2020 (%) 17

FIGURE 8 GLOBAL ECLINICAL SOLUTIONS MARKET, BY CLINICAL TRIAL PHASE, 2020–2027 (USD MILLION) 17

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