By 2027 eClinical Solutions Market is Growing at 13.6% CAGR

The global eClinical Solutions Market is expected to grow at a CAGR of 13.6% from 2020 – 2027 and the market value is expected to reach around US$ 16.36 billion by 2027. The report offers a comprehensive analysis of the company market share for a clear understanding of the manufacturers operating in the global eClinical Solutions market.

Growth Factors

Integration of software solutions in clinical trials provides tremendous market growth. Further, rising trend of clinical trial outsourcing services to Contract Research Organizations (CROs) coupled with rising number of life sciences organizations and CROs poised to help the market to gain significant traction over the forecast period. Increasing research activities in Asian countries for the development of cost-effective solutions or modules expected to spur the market growth.

Get Sample Report (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1092

This in-depth report encompasses comprehensive historical analysis as well as projections on an international and regional level for the eClinical Solutions market. The research report offers quantitative information for the historic years from 2016 – 2019 together with the projections from 2020 to 2027 in order to provide the users with an extensive understanding of this global market.

Moreover, the study also provides driving as well as restraining factors for the global eClinical Solutions market together with the impact of these factors on the overall demand for the products or services within the projected time-frame. The report includes Porter’s five forces analysis which gives the reader a detailed breakdown of the competitiveness within the industry.

The research methodology at Precedence Research involves data mining through extensive primary and secondary research. In primary research, senior executives of leading companies along with industry experts and subject specialists are contacted to get an accurate understanding of the market. The data gathered from primary participants is then validated through an in-depth secondary research. The current trends in healthcare industry are also analyzed as a part of the market estimation. A thorough analysis of this entire set of information enables an accurate estimation of the market.

COVID-19 Pandemic: Impact analysis

The corona virus pandemic has tested the healthcare industry by presenting challenges such as speeding up research activities, expansion of manufacturing capacities, and supply chains. The sudden up burst in all sectors of pharmaceutical industry, has bought the attention of investors around the globe to this sector. The pharmaceutical and medical device manufacturers have realigned their strategies to deal with the pandemic situation in a better way. The development of vaccine against the corona virus in a record time-span is an accurate example of the steps taken by manufacturers to combat the pandemic. The development of multiple rapid testing methods for early detection of COVID-19 has also played a major role in containing the disease. The leading companies within healthcare domain are working with governments across the world to prepare an effective framework for avoidance of such pandemics in the future.

Leading competitors contending in the Global eClinical Solutions Market are as follows:

• PAREXEL International
• Oracle Corp.
• Bioclinica
• Medidata Solution
• DATATRAK
• ERT Clinical
• CRF Health
• eClinicalWorks
• OmniComm Systems
• IBM Watson Health
• eClinical Solutions

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of product, development phase, delivery mode, end-use, and region:

By Product

• EDC & CDMS
• eCOA
• Clinical Data Integration Platforms
• CTMS
• Safety Solutions
• RTSM
• Clinical Analytics platforms
• eTMF

By Development Phase

• Phase IV
• Phase III
• Phase II
• Phase I

By Delivery Mode

• Licensed Enterprise
• Web-hosted
• Cloud-based

By End-Use

• CROs
• Hospitals
• Academic Institutes
• Medical Device Manufacturers
• Pharma & Biotech Organizations

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Significant Highlights of the Research Study:

• A clear understanding of the current market trends as well as projections from 2016 - 2027
• Qualitative analysis of the market including drivers, restraints, opportunities, and challenges
• Multiple analysis models such as Porter’s Five Forces, PESTEL, and SWOT for a comprehensive study of the market
• The competitive landscape with detailed company profiles and company market share breakdown
• Crucial insights like the future prospects of the market which will dictate the strategies of market players
• An exhaustive insight into the demand for eClinical Solutions market in major regions and countries broken down into multiple segments

Question and Answer: eClinical Solutions Market for Healthcare Industry

Question: How big is the eClinical solutions market?

Answer: The global eClinical solutions market size was valued at USD 5.9 Billion in 2019 and expected to reach USD 16.36 Billion by 2027.

Question: What is the eClinical solutions market growth?

Answer: The global eClinical solutions market is poised to grow at a compound annual growth rate (CAGR) of 13.6% during the forecast period 2020 to 2027.

Question: What are the growth factors of the eClinical solutions market?

Answer: Increase in the number of customers adopting eClinical solutions, rising Research and Development (R&D), and rise in government grants to authorize the clinical trials. These solutions are also used in clinical studies where electronic applications enabled with web tools are used to capture the real-time data from clinical trials that provide superior execution and escalate the eClinical solutions market growth.

Question: Why North America held significant value share in the global eClinical solutions market?

Answer: In 2019, North America held significant value share in the global eClinical solutions market owing to increase in the number of clinical trials in the region. Further, rising government grants for clinical trials, huge funding in R&D activities, technological advancements, along with significant rise in the lifestyle associated diseases are the key factors that propel the industry growth.

Question: Which region hit the strongest CAGR over the forecast period?

Answer: The Asia Pacific encountered an escalating CAGR over the forecast timespan due to the rising investment in R&D.

Question: Which segment accounted for the largest eClinical solutions market share?

Answer: Electronic Clinical Outcome Assessment (eCOA) estimated to be the fastest growing product segment over the analysis period due to rising importance of high-quality clinical data.

Question: Which delivery mode segment exhibit strong growth in the eClinical solutions market?

Answer: 

Download This Exclusive Research Report@ https://www.precedenceresearch.com/checkout/1092

Contact Us:

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 774 402 6168

Email: sales@precedenceresearch.comailto

Website - https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com