The global eCLINICAL SOLUTIONS MARKET size is expected to reach USD 12.05 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.6% during the forecast period. Increasing research and development activities by biopharma and pharma companies, rising application of software solutions in clinical trials, and expanding customer base are anticipated to fuel the demand for eClinical solutions.
The eClinical solutions market is calculable to witness extraordinary growth over the forecast amount. Technological advancements within the field of clinical trials reminiscent of electronic information capture and prevalence of Wi-Fi property area unit projected to drive the market in returning years. Because the demand for following and analyzing clinical information will increase, the requirement for effective clinical solutions rises. Unmet must manage economical clinical development method area unit poised to spice up the expansion of the market over the forecast amount.
Moreover, digital transformation within the field of clinical trials and shifting preference towards information central approach area unit providing an amazing push to the market. Demand for integrated clinical IT solutions is increasing thanks to huge volume of knowledge generated throughout clinical development processes. eClinical solutions provide single supply of information|of information|of knowledge that helps in optimizing the value by eliminating redundant information entry and reducing on-the-scene verification and supply data verification rate. Rising awareness concerning these edges is dynamic the market.
Adoption of eClinical workflows in trials provide huge potential in clinical development processes. These solutions will facilitate deciding in every stage of development. It additionally helps in reducing price & time between development section by utilizing seamless styles failing compounds. additionally, it offers fast access to information & patient safety info, that is useful in creating fast selections.
Browse Research Report on eClinical Solutions Market:
Further Key Findings From the Study Suggest:
- CTMS dominated the product segment in 2016 owing to associated benefits such as centralized end-to-end management of clinical trial activities, elimination of reliance on manual processes, real-time status tracking, and maintenance of multiple databases, which cumulatively improve the overall efficiency of clinical trials
- On-premise eClinical solutions are most commonly preferred solutions. The preference for these services is mainly due to complete access to information and have full control within the premise
- Key market players are engaged in various strategies such as mergers & acquisitions and new product development to gain market penetration
- New product development and strategic alliances including partnership agreements, promotional activities, and acquisitions are instrumental in keeping market rivalry high
- For instance, in February 2016, Oracle Health Sciences entered into an agreement with Bayer Healthcare to provide its clinical e-monitoring solutions, Oracle Siebel Clinical Trial Management System, to the latter
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Grand View Research has segmented the global eClinical solutions market report on the basis of end-user application and region:
eClinical Solutions Product Outlook (Revenue, USD Million, 2014 - 2025)
- Electronic Clinical Outcome Assessment (eCOA)
- Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
- Clinical Analytics Platforms
- Clinical Data Integration Platforms
- Safety Solutions
- Clinical Trial Management Systems (CTMS)
- Randomization and Trial Supply Management (RTSM)
- Electronic Trial Master File (eTMF)
eClinical Solutions Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)
- Web-hosted (On-demand)
- Licensed Enterprise (On-premise)
- Cloud-based
eClinical Solutions Clinical Trial Outlook (Revenue, USD Million, 2014 - 2025)
- Phase I
- Phase II
- Phase III
- Phase IV
eClinical Solutions End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- CROs
- Academic Institutes
- Pharmaceutical Biopharmaceutical Companies
- Medical Device Manufactures
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.
For more information: www.grandviewresearch.com
