Future of eClinical Solutions Market: Driving Digital Transformation in Healthcare | CAGR 12.2%
eClinical Solutions Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global eClinical Solutions Market. Some of the key players profiled in the study are IBM Watson Health, Medrio, Saama Technologies, Anju Software, Oracle, Signant Health (CRF Health), Clario, DataTrak International, MedNet Solutions, MaxisIT, Business Systems Integration, eClinical Solutions, veeva systems, Dassault Systemes (Medidata Solution), Advarra (Bio Optronics), Castor EDC, Parexel International Corporation (Calyx). The global eClinical Solutions market is estimated to reach $21,502.95 million by 2031, growing at a CAGR of 12.2% from 2022 to 2031.
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eClinical Solutions Market Outlook 2020-2030
In 2021, the electronic data capture (EDC) and clinical data management systems (CDMS) segment took the lead in the market, generating $1789.1 million. This was primarily due to its ability to capture high-quality information, streamline data collection procedures, and provide effective data analysis. Over the forecast period, the electronic clinical outcome assessment segment is projected to experience the highest compound annual growth rate (CAGR) of 13.4%, driven by the increasing importance of obtaining top-notch clinical data.
In terms of delivery mode, the web-hosted segment claimed dominance in 2021 with a market share of $2973.24 million. This can be attributed to the superior interoperability of these products. However, the cloud-based segment is anticipated to exhibit the highest CAGR of 13.4% during the forecast period. This is primarily due to the advantages of flexibility, high accessibility, low handling costs, and easy data backup associated with cloud-based solutions.
Regarding clinical trials, the phase II segment held the largest share of the eClinical solutions market in 2021, generating $2178.6 million. This was driven by the increasing number of drugs progressing successfully into phase III. In contrast, the phase I segment is expected to witness the highest CAGR of 13.0% during the forecast period. This is attributed to the significant role of these systems in predicting future outcomes and eliminating drug candidates with the lowest probability of success.
In terms of end users, the contract research organization (CRO) segment dominated the eClinical solutions market in both size and growth. It is expected to achieve the highest CAGR of 12.6% during the forecast period. This can be attributed to the inclination of pharmaceutical companies to reduce overall expenditure, improve clinical trials, and streamline research workload by partnering with CROs.
Marketing Communication and Sales Channel
Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).
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The segments and sub-section of eClinical Solutions market is shown below:
By Product: Electronic Data Capture and Clinical Data Management Systems, Clinical Trial Management Systems, Randomization and Trial Supply Management, Electronic Clinical Outcome Assessment, Electronic Trail Master Files, Others
By Delivery Mode: Web-hosted, On-premise, Cloud-based
By Clinical Trial Phase: Phase I, Phase II, Phase III, Phase IV
By End User: Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Others
Some of the key players involved in the Market are: IBM Watson Health, Medrio, Saama Technologies, Anju Software, Oracle, Signant Health (CRF Health), Clario, DataTrak International, MedNet Solutions, MaxisIT, Business Systems Integration, eClinical Solutions, veeva systems, Dassault Systemes (Medidata Solution), Advarra (Bio Optronics), Castor EDC, Parexel International Corporation (Calyx).
Important years considered in the eClinical Solutions study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of eClinical Solutions Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Introduction about eClinical Solutions Market
eClinical Solutions Market Size (Sales) Market Share by Type (Product Category)
eClinical Solutions Market by Application/End Users
eClinical Solutions Sales (Volume) and Market Share Comparison by Applications
Global eClinical Solutions Sales and Growth Rate (2020-2030)
eClinical Solutions Competition by Players/Suppliers, Region, Type, and Application
eClinical Solutions (Volume, Value, and Sales Price) table defined for each geographic region defined.
eClinical Solutions Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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