Global E-Clinical Solutions Market
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Industry Overview 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. The market has witnessed significant demand for electronic data capture and clinical data management system over the last few years due to mounting demand for improved data standardization. Explore Full Report Description at: https:// www.vynzresearch.com/healthcare/e-clinical-solutions-market
market segmentation  Based on types, the e-clinical solutions market is categorized into electronic data capture (EDC) and clinical data management system (CDMS), clinical trial management system (CTMS), clinical analytics platforms, randomization and trial supply management, clinical data integration platform, electronic clinical outcome assessment (eCOA) solutions, safety solutions, electronic trial master file system, and others, of which electronic data capture and clinical data management system hold the largest share in the e-clinical solutions market, globally.
Geographic Overview  Geographically, North America is the largest e-clinical solutions market as the region is home to a large number of industry players. In addition, mounting demand for improved data standardization and upsurge in spends on research and development by pharmaceutical and biotechnology companies are also fueling the growth of the North American 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.
Competition among key players  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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