Global eClinical Solutions Market – Analysis and Forecast (2019-2025)

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Global E-Clinical Solutions Market

The global e-clinical solutions market is predicted to grow at 11.9% CAGR during the forecast period with the market size reaching USD 10.4 billion by 2024. Different types of solutions such as electronic data capture (EDC) and clinical data management system (CDMS), clinical trial management system (CTMS), clinical analytics platforms, and randomization and trial supply management are majorly contributing to the e-clinical solutions market size. ÂŠ 2018 VynZ Research All rights reserved

Global E-Clinical Solutions Market The mounting number of clinical trials, increasing clinical trial outsourcing, mounting implementation of software solution during clinical trials, budding demand for improved data standardization, expanding government grants to support clinical research, mounting demand for analyzing and tracking data and expanding research and development expenditure by pharma and biotech companies are the key factors leading to the growth in the e-clinical solutions market, globally. Owing to the growing geriatric population and mounting occurrence of chronic diseases has resulted in increased frequency of pipeline drugs, which further increases the number of clinical trials for the introduction of novel drugs. Some of the other key factors driving the growth of the industry are the amplified IT budgets for drug development and modification from manual data analysis to real-time data analysis. ÂŠ 2018 VynZ Research All rights reserved

Global E-Clinical Solutions Market Asia-Pacific is observed to witness significant growth in the e-clinical solutions market during the forecast period, as the region comprises of a large population, easy patient recruitment, and the existence of less strict regulatory strategies. Moreover, mounting government sponsoring to strengthen clinical trials, the less operational cost for clinical trials, intensifying healthcare expenditure, increasing outsourcing of clinical trials, and growing number of pharmaceutical companies and CROs are also facilitating the significant growth of Asia-Pacific e-clinical solutions industry. Market players in the e-clinical solutions industry are investing capital to develop technologically advanced systems. In February 2018, OmniComm Systems, Inc. acquired Algorics, to enhance its product portfolio in a clinical analytics solution. Oracle Corporation, PAREXEL International Corporation Medidata Solutions, Inc., DATATRAK International, Inc., eClinical Solutions, Inc., Bio-Optronics, Inc., ERT, MaxisIT Inc., and OmniComm Systems, Inc. are some of the key players offering solutions for eclinical solutions.

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Global eClinical Solutions Market – Analysis and Forecast (2019-2025)

Published on May 19, 2020

kumarharindra784

From USD 5.7 billion in 2019, the global eClinical solutions market is predicted to grow to USD 13.4 billion by 2025, registering a CAGR of 14.0% during the forecast period (2020–2025). The market has witnessed huge demand for electronic data capture, and clinical data management system over the last few years, owing to the increasing demand for improved data standardization. Different types of solutions such as electronic data capture (EDC) and clinical data management system (CDMS), clinical trial management system (CTMS), clinical analytics platforms, and randomization and trial supply management are majorly contributing to the global eClinical solutions market size.