EClinical Solutions At a compound annual growth rate (CAGR) of 13.5%, the market size is expected to increase from its 2022 valuation of USD 9,000 million to USD 18,000 million by 2033. In the healthcare sector, clinical trial procedures are managed and streamlined by use of software programs and platforms known as eClinical solutions. Clinical data management systems (CDMS), electronic patient-reported outcomes (ePRO), electronic data capture (EDC), and clinical trial management systems (CTMS) are just a few of the technologies that are incorporated into these solutions.
Their objective is to enhance effectiveness, precision, and adherence to clinical trial procedures. Clinical trials used to mostly rely on paper-based methods, which were labor-intensive, prone to mistakes, and challenging to administer. But the sector has seen a tremendous change with the introduction of eClinical technologies. These innovations have completely changed the way clinical trials are carried out and provide a host of benefits to participants as well as researchers. The improved data management capabilities of eClinical systems are one of its main benefits. Conventional paper-based systems frequently resulted in lost or incorrectly entered data, as well as challenges with data retrieval and analysis. Data entry may be done electronically using eClinical solutions, guaranteeing accuracy and lowering the possibility of human mistakes.
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EClinical Solutions Market Segmentation
By Delivery Mode
- Web-hosted
- On-premise
- Cloud-based
By End User
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations
- Others
Key Company
Oracle Corporation; Medidata Solutions, Inc. (a Dassault Systèmes company); BioClinica (a Subsidiary of ERT); Parexel International Corporation (a subsidiary of Pamplona Capital Management); IBM Watson Health; eClinicalWorks; Veeva Systems Inc.; MedNet Solutions, Inc.; Medrio Inc.; Bioclinica, Inc.; DATATRAK International, Inc.; Bio-Optronics, Inc.; ArisGlobal LLC; CRF Health (a Signant Health company); Medable Inc.; OpenClinica LLC; Forte Research Systems, Inc.; OmniComm Systems, Inc.; Clincase AG
Key Trend
Clinical trial data is being electronically collected, managed, and analyzed thanks to the widespread adoption of EDC technologies. The desire for quicker data processing, better data quality, and more effective data collecting is what’s driving this development. The market for eClinical solutions is seeing an increase in the use of cloud computing. Benefits from cloud-based systems include cost-effectiveness, scalability, and adaptability. They also make it easier for participants in clinical studies to share data and collaborate in real time.
A growing number of companies are choosing integrated eClinical platforms, which incorporate several technologies including electronic patient-reported outcomes (ePRO), clinical data management systems (CDMS), randomization and trial supply management (RTSM), electronic trial management systems (CTMS), and electronic data capture (EDC). Workflows are streamlined, data integrity is improved, and trial efficiency is raised overall thanks to this connection. Clinical trials are using mobile devices and wearable sensors more and more to gather patient data in real-time. Wearable technology and mobile applications make it possible to monitor patients remotely, improve patient involvement, and provide researchers access to continuous, unbiased data for study.
eClinical solutions are using AI and ML technology to automate workflows, analyze large, complicated data sets, find trends, and forecast outcomes. These technologies have the potential to improve clinical trial decision-making, expedite research durations, and strengthen data analysis.
Recent Development
Aiming to expedite regulatory compliance and inspection readiness in clinical trials, Phlexglobal, a pioneer in Trial Master File (TMF) technology and services for the global life sciences industry, and Oracle Health Sciences, a leading provider of eClinical technology, announced enhanced integrations in 2019. In order to safeguard the rights, safety, and well-being of trial participants, sponsors and contract research organizations (CROs) must adhere to the standards of a TMF.
Additionally, it ensures that the integrity of trial data is preserved for auditing reasons and that clinical trials follow the guidelines of Good Clinical Practice (GCP). The PhlexEview TMF management system from Phlexglobal includes sophisticated capabilities especially created to enhance TMF administration, an open architecture for smooth data interaction, and automation to expedite procedures.
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