eClinical Solutions Market Overview
The eClinical solutions market is projected to grow at a CAGR of 11.1% during the forecast period. As per the eClinical solutions market research report, the global market for eClinical solutions is projected to grow swiftly by US$14550 million by 2027.
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According to analysts, growing R&D by biopharmaceutical & pharmaceutical companies as well as growing expenditure in the development of clinical trials will drive the market growth during the forecast period. The eClinical solutions market research report offers a comprehensive analysis of the global eClinical solutions market and its delivery mode, type, clinical trial phase, and end-users segments. The shortage of healthcare professionals and patients for clinical trials along with security and confidentiality of data are the elements that could influence the eClinical solutions market advancement throughout the forecast period. The eClinical solutions market research report by expert analysts is developed to assist organizations in the eClinical solutions market.
eClinical Solutions Market Segmentation
The global eClinical solutions market has been segmented based on delivery mode, type, clinical trial phase, and end-users. On the basis of delivery mode, the market for eClinical solutions is segmented based on web-based and cloud-based, enterprise-based. Additionally, the market on the basis of type, is segmented into clinical trial management system (CTMS), electronic clinical outcome assessment (eCOA), electronic trial master files (eTMF), randomization and trial supply management (RTSM), trial safety & regulatory, clinical data management system (CDMS). The global market for eClinical solutions is also covered based on the clinical trial phase segment which is further split into phase I, phase II, and others. On the basis of end-users, the market for eClinical solutions is segmented based on end-user contract research organizations (CROs), pharma/biotech companies.
Major elements such as the threat of security hacks could obstruct the eClinical solutions market growth. However, according to the eClinical solutions market research report, the rising burden of chronic diseases along with increased use of smart devices for healthcare management will propel growth throughout the forecast period. The eClinical solutions market is set to register growth at a high CAGR owing to these key factors. The exploration of delivery mode, type, clinical trial phase, and end-users segments along with regional markets has been given in the global eClinical solutions market research report. The research analysts studying the eClinical solutions market have put out market forecasts in the eClinical solutions market research report in order to support eClinical solutions market-based companies. The eClinical solutions market research report provides an extensive understanding of the eClinical solutions market based on the information and forecasts till 2023.
The Global eClinical Solutions market segments
The global eClinical Solutions market is segmented into three parts mentioned below:
Products types: safety solutions, clinical trial management systems (CTMS), electronic data capture (EDC), clinical data management systems (CDMS), and other products are available.
Delivery modes: Web-based, cloud-based, and on-premise delivery modes are there.
End-Users: Medical device manufacturing, hospitals, research institutes, contract research organizations (CROs), and others are the major end-users.
Regional Market Summary
America, Europe, Asia Pacific, and The Middle East & Africa are the major regions observed for the global eClinical Solutions market.
The American region is the current market leader and is expected to stay at the top. The North American region will be the major shareholder and will show the highest growth rates during this period. Factors like increasing research & development programs, presence of CROs, demand for efficient solutions, and others are driving this market.
The European region is the next biggest market due to the rising prevalence of outsourcing the research & development programs, increasing awareness, and other factors.
The Asia Pacific region is the next biggest market and will show substantial growth rates due to the rise in the old age group, demands for better healthcare solutions, and other factors.
The rest of the regions are also showing impressive growth rates due to growing healthcare structures and increasing awareness.
Recent Industry News
The global eClinical solutions market is gaining pace with time but is facing friction from factors like lack of trained professionals and high overall costs. The American region, with North America as the major shareholder, is the market leader and will show the highest growth rates during the survey period.
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