Overview and Scope
eClinical solutions refer to the use of computerized solutions and related procedures to aid clinical trial operations by automating previously laborious tasks. eClinical has evolved to include a wide range of technologies that aim to help with one or more phases of clinical trials, from planning through submissions and data mining. The eclinical solutions are used in the clinical development process by combining clinical technology expertise.
Sizing and Forecast
The eclinical solutions market size has grown rapidly in recent years. It will grow from <b>$7.59 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. </b> The growth in the historic period can be attributed to growth in healthcare digitalization, electronic health records (ehr), increasing regulatory compliance, increased need for efficiency and productivity, and increased healthcare integration.
The eclinical solutions market size is expected to see rapid growth in the next few years. It will grow to <b>$13.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. </b> The growth in the forecast period can be attributed to increasing interoperability and data exchange, telehealth and remote care, value-based care models, growing demand for population health management, and increasing adoption of precision medicine. Major trends in the forecast period include artificial intelligence (ai) in healthcare, technological advancements, innovative solutions, strategic collaborations, and healthcare integration solutions
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Segmentation & Regional Insights
The eclinical solutions market covered in this report is segmented –
1) By Product: Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platforms, Randomization and Trial Supply Management (RTSM), Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment (eCOA), Safety Solutions, Electronic Trial Master File (eTMF)
2) By Development Phase: Phase I, Phase II, Phase III, Phase IV
3) By Delivery Mode: Web-Based and Cloud-Based, Enterprise-Based
4) By End User: Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Service Companies, Medical Device Manufacturers, Hospitals, Academic Research Institutions
<b>North America</b> was the largest region in the eclinical solutions market in 2023. The regions covered in the eclinical solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
An increase in research and development activities is expected to propel the growth of the eclinical solutions market going forward. Research and development activities refer to activities that companies undertake to innovate and introduce new clinical products and services. Electronic clinical outcome assessment solutions help research and development activities by capturing outcomes data electronically in clinical trials. For instance, according to the Research and Development Survey 2021 conducted by Statistics NZ, a New Zealand-based public service department, the research and development (R&D) expenditure in the business sector reached $2.8 billion in 2021. This represents a 5% increase from 2020 and an 18% increase from 2019. Therefore, an increase in research and development activities is driving the eclinical solutions market during forecast period.
Key Industry Players
Major companies operating in the eclinical solutions market include <b> Anju Software Inc., BioClinicia Inc., Parexel International Corporation, CRF Health, Dassault Systèmes SE, Datatrak International Inc., Eclinical Solutions LLC, ERT Clinical, IBM Watson Health, Medidata Solutions Inc., Omnicomm Systems Inc., Veeva Systems Inc., Mednet Solutions, Cinven Ltd., Oracle Corporation, Merge Healthcare Solutions Inc., ALTEN Group, Saama Technologies Inc., Signant Health, 4G Clinical, MaxisIT Inc., Research Manager, Slope.io Inc., StudyKIK Inc., 360Medlink Inc., Deep 6 AI Inc., Benchmark Research LLC, Clinical Research Management Inc., Curebase Inc., Eclipse Clinical Research LLC, LINEA System Inc., Acceliant Inc., Bio-Optronics Inc., Complion Inc. </b>
The eclinical solutions market report table of contents includes:
1. Executive Summary
2. eClinical Solutions Market Characteristics
3. eClinical Solutions Market Trends And Strategies
4. eClinical Solutions Market – Macro Economic Scenario
5. Global eClinical Solutions Market Size and Growth
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26. South America eClinical Solutions Market
27. Brazil eClinical Solutions Market
28. Middle East eClinical Solutions Market
29. Africa eClinical Solutions Market
30. eClinical Solutions Market Competitive Landscape And Company Profiles
Top Major Players:
- Anju Software Inc
- BioClinicia Inc
- Parexel International Corporation
- CRF Health
- Dassault Systèmes SE
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