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e-Clinical Solutions Market CAGR of 13.7%

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The global e-clinical solutions market size is expected to be worth around US$ 22.7 billion by 2030, according to a new report by Vision Research Reports.

The global e-clinical solutions market size was valued at US$ 7.9 billion in 2020 and is anticipated to grow at a CAGR of 13.7% during forecast period 2021 to 2030.

Latest Research Study on “e-Clinical Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021-2030”.

Get the sample pages of report@ https://www.visionresearchreports.com/report/sample/38878

Growth Factors

Increasing R&D activities by biopharma and pharma companies, application of software solutions in clinical trials, and expanding customer base are anticipated to fuel market growth. During the COVID-19 pandemic, clinical laboratories experienced high demand for COVID-19 tests. eClinical solutions, such as the clinical data management systems assisted these laboratories to seamlessly manage a huge influx of specimens on a daily basis.

Increasing research and development activities by biopharma and pharma companies is one of the key trends escalating market growth. Besides this, the growing incorporation of software solutions in clinical trials is also projected to drive the market for eClinical solutions.

In this study, the years considered to estimate the market size of EClinical Solutions are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

By Product Analysis

The CTMS segment dominated the market for eClinical solutions and accounted for the largest revenue share of 20.9% in 2020. eCOA is estimated to be the fastest-growing segment during the forecast period owing to the rising significance of high-quality clinical data.

Elimination of data variance risk streamlined information and lowering of site monitoring cost are key advantages associated with eCOA. These aforementioned benefits are expected to fuel its demand in the coming years.

By Delivery Mode Analysis

The web-hosted segment dominated the market for eClinical solutions and accounted for the largest revenue share of around 75.2% in 2020. The dominance of the segment can be attributed to associated benefits such as easy accessibility, usability, and lower investments required.

The cloud-based segment is anticipated to exhibit an exponential CAGR of 14.3% during the forecast period owing to integrated features such as flexibility, high accessibility, negligible handling costs, and easy data backup.

View Full Report ToC@ https://www.visionresearchreports.com/e-clinical-solutions-market/toc/38878

Buy this premium research report (USD 3500), click here@ https://www.visionresearchreports.com/report/cart/38878 or call: +1 9197 992 333 

By Development Phase Analysis

On the basis of the development phase, the phase III segment dominated the market for eClinical solutions and accounted for the largest revenue share of 52.9% in 2020. The spiraling need for the incorporation of clinical data management software to curb overall cost and improve process efficiency is contributing to the growth of the segment.

The phase I segment is estimated to be the most promising segment during the forecast period owing to the high significance of these systems to predict future outcomes and eliminate drug candidates possessing the least probability of success.

By End-use Analysis

 The CROs segment dominated the market for eClinical solutions and held the largest revenue share of 37.8% in 2020. The segment is projected to rise at a remarkable CAGR during the forecast period owing to the growing inclination of pharmaceutical companies to reduce overall expenditure.

Benefits involved in outsourcing clinical trials to CROs are responsible for the heightened growth of this segment. These benefits include cost advantages, increased efficiency of services, enhanced productivity, and a higher focus on core areas of development critical to a company’s growth.

By Regional Analysis

North America dominated the eClinical solutions market and accounted for the largest revenue share of 53.1% in 2020. The increasing target population, coupled with the rising prevalence of lifestyle-associated diseases such as diabetes and cardiac disorders, is poised to stimulate the growth of the market.

In Asia Pacific, the market for eClinical solutions is likely to register a noteworthy CAGR at 15.5% over the forecast period. High unmet medical needs and the rising prevalence of target chronic diseases such as cancer, cardiovascular conditions, and infectious diseases are stoking the demand for software solutions in the region

Key Players

  • Datatrak International, Inc.
  • Oracle
  • Parexel International Corporation
  • Dassault Systemes
  • Bioclinica
  • Datatrak International, Inc.
  • CRF Health
  • ERT Clinical
  • eClinicalWorks
  • IBM
  • Anju Life Sciences Software
  • eClinical Solutions

Market Segmentation

  • By Product
    • 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)
    • Safety Solutions
    • Electronic Trial Master File (eTMF)
  • By Delivery Mode
    • Web-hosted (On demand)
    • Licensed Enterprise (On premise)
    • Cloud-based
  • By Development Phase
    • Phase I
    • Phase II
    • Phase III
    • Phase IV
  • By End-use
    • Hospitals/Healthcare providers
    • CROs
    • Academic Institutes
    • Pharma & Biotech Organizations
    • Medical Device Manufacturers
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Netherlands
      • Sweden
      • Denmark
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • New Zealand
      • Taiwan
      • Hong Kong
      • Singapore
      • Thailand
      • Vietnam
    • Central & South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Qatar

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy this premium research report (USD 3500), click here@ https://www.visionresearchreports.com/report/cart/38878 or call: +1 9197 992 333 

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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