The report Global e-Clinical Solution comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance.
Increasing adoption of technologically advanced solutions and emphasis on automation have aided the healthcare sector in optimizing various functions and services especially in clinical trials and clinical research. eClinical solutions are utilized to carry out electronic data capturing and processing with the help of automation. Market Research Future (MRFR) has published a report stating that the global eClinical solutions market is marked to expand at a significant CAGR of 11.10% during the forecast period of 2019-2022.
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Rapid increase in patient population and high prevalence of chronic diseases are inducing high demand for optimization of healthcare services. Incorporation of automation, recent development in artificial intelligence and machine learning technologies are some of the major factors that are propelling the growth of the global eClinical solutions market. Increased government funding for the development of healthcare services in the developed and developing regions and high demand for a sophisticated platform to manage a large amount of data from clinical research, and clinical trials are also fueling the growth of the global eClinical solutions market. However, poor economic conditions and low penetration of advanced technology in the underdeveloped regions are restraining the growth of the global eClinical solutions market during the assessment period.
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.
Competitive Analysis:
The Global E-Clinical Solution Market appears to be highly competitive and diversified with the presence of giant manufacturers of the device, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies and product Launch to gain the competitive edge in the market.
eClinical Solution Industry Related News:
In November 2018, Medidata, a leading provider of software as a service solution for clinical trials, announced a partnership with Hengrui Pharma, one of China’s largest biotech companies, to deliver innovative therapies and accelerate global drug research. Hengrui has adopted the Medidata cloud platform clinical trial management system which would support Hengrui to expand its drug therapies to patients around the world.
In September 2018, Veeva Systems, a provider of cloud-based solutions for the global life sciences industry, announced the launch of an advanced cloud-based clinical data management application to streamline and accelerate clinical study execution. The application can single-handedly manage all trial data and also includes Vault CTMS, Vault eTMF, and Vault Study Startup which helps unify all operations.
April 03, 2018 – MedNet Solutions (US), a leading cloud-based eClinical technology company launched its latest eClinical solution – iMedNet, a proven SaaS (Software-as-a-Service) clinical research technology platform that delivers an entire suite of eClinical tools to support clinical trial thoroughly (from start to finish).
February 9, 2018 – Oracle Corporation (US), technology giant launched its new Cloud-Based eClinical Solution – Clinical One Platform. The solution allows unified clinical development operations and information in a single environment with shared functions along with an easy-to-use interface for sites, clinical coordinators, and their counterparts.
Segmentation:
The global eClinical solutions market has been segmented on the basis of product, delivery mode, and end-users. Based on product, the eClinical solutions market has been segmented into analytics platform, randomization & trial supply management systems (RTMS), clinical trial management systems (CTMS), electronic data capture (EDC), clinical data management systems (CDMS), clinical data integration platforms, electronic clinical outcome assessment (ECOA), safety solutions and electronic trial master files (ETMF). Based on delivery mode, the eClinical solutions market has been segmented into web-hosted (on demand), licensed enterprise (on-premise) and cloud-based (SaaS). Based on end-users, the eClinical solutions market has been segmented into contract research organizations, medical device manufacturers, consulting service companies, hospitals, pharmaceutical companies, and academic research organizations.
Regional Analysis:
The global eClinical solutions market has been geographically segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. The North America region is anticipated to command the largest share in the global eClinical solutions market. Rising demand for technologically advanced solutions in the healthcare sector, easy adoption of advanced technology and increasing number of ongoing clinical trials along with financial support from the government are aiding the growth of the eClinical solutions market in this region.
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The Asia Pacific region is projecting the fastest growth at the highest CAGR in the global eClinical solutions market during the assessment period. The eClinical solutions market in this region is majorly driven by rapid development of the healthcare sector in the emerging economies and increasing outsourcing of services by the prominent multinational pharmaceutical organizations in this region. Increased investments in research and development in the well-developed healthcare sector are propelling the growth of the global eClinical solutions market.
The Middle East and Africa region commands the least share in the global eClinical solutions market owing to the low penetration of advanced technology in the underdeveloped countries of this region.
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