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eClinical Solutions Market Will Surge at 12.24% CAGR to Reach 9434.57 million USD by the End of 2023

Press release   •   Sep 23, 2019 22:50 EDT

To reach USD 9434.57 million by 2023, the Global eClinical Solutions Market is predictable to register a CAGR of 12.24%.

The new research from Ameco Research on Global eClinical Solutions Market Report for 2023 intends to offer the target audience with a fresh outlook on the market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure the quality of research.

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Global eClinical Solutions Market: Information by Type (Clinical Data Management System (CDMS), Randomization and Trial Supply Management (RTSM), Electronic Clinical Outcome Assessment (eCOA), Clinical Trial Management System (CTMS), Electronic Trial Master Files (eTMF), Trial Safety & Regulatory), Delivery Mode (Web-Based and Cloud-Based, enterprise-based), Clinical Trial Phase (Phase I, Phase II and Others), End-User (End-user Contract Research Organizations (CROs), Pharma/Biotech Companies) and Region (North America, Europe, Asia-Pacific and RoW) - Forecast till 2023

Market Analysis

To reach USD 9434.57 million by 2023, the Global eClinical Solutions Market is predictable to register a CAGR of 12.24% The eClinical solutions market is a combination of clinical technology and has the expertise which is used to recover the clinical development procedure through data management and data scrutiny. Main features describing the market progress are rising R&D events by biopharmaceutical and pharmaceutical corporations, mounting outflow on the expansion of clinical trials, increasing weight of chronic diseases, and amplified adoption of smart devices for healthcare management. The largest market share is of Americas 47.99% in 2017, and the regional market is expected to list a CAGR of 12.41 % during the forecast period. The US is one of the top markets in the region, accounting for the largest market share during the review period. However, the Canadian market is predictable to show the highest growth rate of 9.98% during the forecast period from 2018 to 2023. Cumulative outsourcing of clinical trials and the availability of diverse patient populations are the main drivers for market growth. The Asia-Pacific market is likely to show substantial growth during the forecast period. India is the fastest-growing region owing to its large geriatric population, which is strivers the growth of the eClinical solutions market in the region. The main contributor to the growth of the regional market is Japan, followed by China. The Clinical Data Management System (CDMS) segment is expected to lead the market and register a substantial CAGR to reach USD 2579 million by the end of 2023. CDMS is considered to be the most important part of eClinical solutions. CDMS is a tool used in clinical research to manage and store the data of clinical trials. However, the electronic clinical outcome assessment (eCOA) segment is projected to exhibit the highest CAGR of 14.98% from 2018 to 2023. The increasing demand for electronic clinical outcome assessment is driving the growth of the segment. Envisioned Spectators are Investors and trade experts, Governments, associations, and industrial bodies, e Clinical solution providers, Healthcare, IT industry, Retailers, distributors, and wholesalers,

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Market segmentation

Global eClinical Solutions Market is segmented into 3 segments. It is segmented by Delivery Mode i.e., Enterprise-Based and Web-Based and Cloud-Based. It is also segmented by Type wherein different types are Clinical Trial Management System (CTMS), Clinical Data Management System (CDMS), Electronic Clinical Outcome Assessment (eCOA), Electronic Trial Master Files (eTMF), Trial Safety & Regulatory Randomization and Trial Supply Management (RTSM). And one of the most important segments is by Region. In this market, segmentation is based on region. North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America

Regional Analysis

North America covering US, Canada, Mexico, Europe covering Germany, UK, France, Spain, Italy, Rest of Europe, Asia-Pacific covering China, India, Japan, Australia & New Zealand, Southeast Asia, Rest of Asia-Pacific and Rest of the World covering Middle East, Africa, Latin America

Key Players

The prominent players in the global eClinical solutions market are ERT Clinical, PAREXEL International Corporation, BioClinica, Inc., CRF Health, Oracle Corporation, DATATRAK International, Inc., Merge Healthcare Inc, Medidata Solutions, Inc., Omnicomm Systems, Inc. and MaxisIT.
The players operating in the global eClinical Solutions market are focusing on product launches, along with expanding their global footprints by entering untapped markets.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global eClinical Solutions Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global eClinical Solutions Market Research Report Forecast to 2023

1 Executive Summary
1.1 Market Attractiveness Analysis
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing R&D Activities by Biopharmaceutical and Pharmaceutical Companies
4.2.2 Growing Expenditure in The Development of Clinical Trials
4.2.3 Rising Burden of Chronic Diseases
4.2.4 Increased Use of Smart Devices for Healthcare Management
4.3 Restraints
4.3.1 Shortage of Healthcare Professionals and Patients for Clinical Trials
4.3.2 Security and Confidentiality of Data
4.4 Opportunities
4.4.1 Increasing R&D for Precision Medicine Will Strengthen the Market for eClinical Solutions
4.5 Mega Trends
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Inputs
5.1.2 Software Development Process
5.1.3 Output
5.1.4 Marketing and Distribution
5.1.5 Post-Selling Services
5.2 Porter’s Five Forces Model
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Rivalry
5.3 Regulatory Framework
6 Global eClinical Solutions Market, by Type
6.1 Introduction
6.2 Clinical Data Management System (CDMS)
6.3 Randomization and Trial Supply Management (RTSM)
6.4 Electronic Clinical Outcome Assessment (eCOA)
6.5 Clinical Trial Management System (CTMS)
6.6 Electronic Trail Master Files (eTMF)
6.7 Trial Safety & Regulatory
7 Global eClinical Solutions Market, by Delivery Mode
7.1 Introduction
7.2 Web Based and Cloud Based
7.3 Enterprise Based
8 Global eClinical Solutions Market, by Clinical Trial Phase
8.1 Introduction
8.2 Phase I
8.3 Phase II
8.4 Phase III
8.5 Phase IV
9 Global eClinical Solutions Market, by End User
9.1 Introduction
9.2 Contract Research Organizations (CROs)
9.3 Pharma/Biotech Companies
10 Global eClinical Solutions Market, by Region
10.1 Introduction
10.2 Americas
10.2.1 North America US Canada
10.2.2 Latin America
10.3 Europe
10.3.1 Western Europe Germany UK France Italy Spain Rest of Western Europe
10.3.2 Eastern Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 South Korea
10.4.6 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Middle East
10.5.2 Africa
11 Competitive Landscape
11.1 Company Market Share Analysis
11.1.1 Introduction
12 Company Profiles
12.1 ERT Clinical
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategies
12.2 Parexel International Corporation
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Products/Services Offered
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 BioClinica, Inc.
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products/Services Offered
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategies
12.4 CRF Health
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products/Services Offered
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
12.5 Oracle Corporation
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Products/Services Offered
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategies
12.6 Datatrak Int.
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products/Services Offered
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategies
12.7 Merge Healthcare Inc.
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products/Services Offered
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategies
12.8 Medidata Solutions, Inc.
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products/Services Offered
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategies
12.9 Omnicomm Systems, Inc.
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Products/Services Offered
12.9.4 Key Developments
12.9.5 SWOT Analysis
12.9.6 Key Strategies
12.1 MaxisIT
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offering
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategies
13 Appendix
13.1 References
13.2 Related Reports

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