IMARC Group has recently released a new research study titled “eClinical Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the eClinical solutions market?
The global eClinical solutions market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
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| Global eClinical Solutions Market Report |
Eclinical solutions, a pivotal part of digital clinical research methods, are advanced technological tools and services designed to streamline and improve data management, collection, and analysis in clinical trials. This sophisticated technology often comprises clinical data management systems (CDMS), electronic data capture (EDC), clinical trial management systems (CTMS), and randomization and trial supply management (RTSM). Non-reactive and efficient, eClinical solutions are known for their real-time data access, comprehensive data analysis, and secure data storage. Their key feature lies in their ability to streamline clinical operations, improve efficiency, and enhance data accuracy and integrity.
Eclinical solutions are predominantly used in the pharmaceutical, biotechnology, and medical device industries, especially for clinical research organizations (CROs). Other sectors, such as academic research institutions and hospitals, also adopt these solutions to facilitate clinical studies.
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Market Trends and Growth Drivers:
The increasing demand for streamlined clinical operations represents one of the key factors influencing the market growth of eClinical solutions. In addition to this, advancements in clinical research technology are constantly driving the need for improved data management solutions. The expanding global pharmaceutical and biotechnology industries, with their high clinical trial activity, are propelling the market growth.
Moreover, the rise in chronic diseases leading to a surge in clinical trials is providing an impetus to eClinical solutions market growth. The increasing need for effective data management and analysis in clinical trials, due to the complex nature of clinical data, is fueling the market growth of eClinical solutions. The enhanced awareness about trial efficiency and data integrity in the clinical research industry is fostering the need for eClinical solutions.
Other factors such as government regulations promoting digital solutions in clinical research, growing investments in life sciences R&D, and the increasing preference for outsourcing clinical trial services are driving the market growth across the globe.
Some of the Top Key Players Operating in the Market are Given Below:
eClinical Solutions Companies:
- Anju Software Inc.
- Bioclinica (Merged with ERT Clinical)
- Bio-Optronics Inc. (Advarra Inc.)
- DATATRAK International Inc.
- eClinical Solutions LLC
- eClinicalWorks
- International Business Machines Corporation
- Medidata Solutions (Dassault Systèmes)
- Oracle Corporation
- PAREXEL International Corporation
- Signant Health
eClinical Solutions Market Segmentation:
Breakup by Product:
- eCOA
- EDC and CDMS
- Clinical Data Integration Platforms
- Safety Solutions
- CTMS
- RTSM
- eTMF
- Clinical Analytics Platforms
Breakup by Delivery Mode:
- Web-hosted (On-demand)
- Licensed Enterprise (On-premises)
- Cloud-based
Breakup by Development Phase:
- Phase I
- Phase II
- Phase III
- Phase IV
Breakup by End Use:
- Hospitals
- Contract Research Organization
- Academic Institutes
- Pharma and Biotech Organizations
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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