The global eClinical solutions market is mainly driven by rising government funding & grants to support clinical trials, rising adoption of eclinical solutions for improved data standardization and increasing R&D expenditure by pharma and biotech companies for drug development.
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However, the key restraints for the global eclinical solutions market are high implementation costs associated with eclinical solutions and limited awareness among researchers related to eclinical solutions. Moreover, the key opportunities for the global eclinical solutions market are rising clinical research activities in emerging countries and shift from manual data interpretation to real-time data analysis during clinical studies.
Geographically, North America dominates the global eclinical solutions market due to high demand for technologically advanced products, rising number of ongoing clinical trials and increasing financial support from the government is anticipated to boost the growth in this region.
Further, Asia-Pacific is expected to be a fastest growing region during the forecasted period of 2017-2024. This is primarily attributed to the growth in government funding to support clinical research and increase in outsourcing of clinical trials by large biopharmaceutical organizations in the developing Asia-pacific countries.
Some of the key market players of eclinical solutions market are Medidata Solutions Inc. (U.S.), Oracle Corporation (U.S.), Bioclinica Inc. (U.S.), CRF Health (U.S.), Merge Healthcare Incorporated (U.S.) and others.
Global E-clinical Solution Market – Key players
Key players profiled in the report are ERT (U.S.), e-Clinical Solutions, Inc. (U.S.), Merge Healthcare Incorporated (U.S.), and Omni Comm Systems, Inc. (U.S.), Medidata Solutions, Inc. (U.S.), PAREXEL International Corporation (U.S.), BioClinica, Inc. (U.S.), CRF Health (U.S.), DATATRAK International, Inc. (U.S.), and Oracle Corporation (U.S.).
Global E-clinical Solution Market – Segments
The global e-Clinical solution market is segmented on the basis of products and delivery method. Based on products used the market is segmented into by product clinical data integration, clinical data management system (CDMD), clinical trial management system (CTMS), randomization and trial supply management (RTSM), safety solutions and others. Based on delivery methods the market is segmented into web based, enterprise, and cloud based solutions forecast to 2022.
Global E-clinical Solution Market – Overview
E-clinical technologies are essential for various procedures including, managing the data requirements, reducing development costs, support faster decisions making for potential new products, and for increasing efficiency throughout the clinical trial process. The process majorly deals with the four steps including clinical data capturing by these software, data management, data conversion and standardization and finally the data reporting and statistical programming. The basic aim of these techniques is to make clinical data acquisition, standardization, aggregation and analytics easy and simple for the various biopharma companies and other users.
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