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(I-SoftwareNews.Com, August 09, 2018 ) Market Overview: -
eClinical Solutions Market size is witnessing a huge growth owing to factors such as a rise in the number of customers opting for eClinical solutions, rising research and development in this domain, and increase in government grants to validate the clinical trials. eClinical solutions are used in clinical studies, where they use electronic applications enabled with web tools to capture real-time data from clinical trials, which provide better execution and accelerate the eClinical Solutions Market.
There is a rising demand for clinical trials by pharma and biopharma companies, which boost the industry demand. They provide services for a large customer base at low operating costs, which further drive the eClinical solutions market. EClinical solutions also assist in tracking, organizing, and executing this data from different geographical locations and also accelerate the process of clinical development. They monitor the data at an individual patient level or cross trial level, fueling the industry growth.
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Top Key Players: -
The main players operating in the eClinical solutions market include Oracle Corporation, ERT, Parexel International Corporation, BioClinica, CRF Health, eClinical Solutions, OmniComm Systems, Datatrak International, Merge Health Incorporated, and PHT Corporation.
Market share calculation in this report is not done based on companies covered in it. The calculation of eClinical solutions market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
North America dominates the eClinical solutions market owing to the rise in the number of clinical trials in this region. Technological advancements, huge funding in R&D activities, rising government grants for clinical trials, and an increase in the lifestyle-related diseases are factors driving the industry growth in this region. Continuous product development and new product launches by eClinical solution vendors also result in a rise of the eClinical solutions market in this region.
Asia Pacific is anticipated to grow at a rapid rate over the forecast timespan due to the rising investment in R&D and development of emerging economies. These emerging economies, such as India, China, and Korea, have become major destinations for the outsourcing of clinical trials owing to the huge populations and also the low-cost services they provide. Furthermore, the presence of a large patient base, lesser stringent laws as compared to developed countries, and faster patient recruitment for clinical trials shall augment the regional growth.
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eClinical solutions market can be segmented on the basis of product, delivery mode, and end user. The product can be sub-segmented into clinical data integration platforms, safety solution, Randomization and Trial Supply Management (RTSM), eCOA, Electronic Trial Master Files (ETMF), Clinical Analytics Platform, Electronic Data Capture (EDC,) and Clinical Data Management System (CDMS). The EDC and CDMS are leading the eClinical solutions market and electronics Clinical Outcome Assessment (eCOA) segment has the highest growth rate.
Based on delivery mode, the eClinical solutions market is segmented into web-hosted (on demand), licensed enterprise (on-premise), and cloud-based (SaaS). The cloud-based solutions are growing at a fast rate owing to advantages such as real-time study management, access to data from any device, standard and ad-hoc reporting, and shift from time-based to the activity-based unit of measurement.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Market Insights, Inc.
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Source: EmailWire.Com 
Source: EmailWire.com
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