The Business Research Company’s ECOA, ESource And Clinical Trials Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The ECOA, ESource And Clinical Trials Global Market Report 2023 evaluates eCOA, eSource and clinical trials market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global eCOA, eSource and clinical trials market is expected to grow from $40.98 billion in 2022 to $44.85 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The eCOA, eSource, and clinical trials market is expected to reach $61.90 billion in 2027 at a CAGR of 8.4%.
The growing demand for more clinical trials is expected to propel the growth of the eCOA, eSource and clinical trials markets. Clinical trials refer to research studies conducted to evaluate the safety, efficacy, and effectiveness of new medical interventions or treatment approaches. The use of eSource and eCOA solutions helps pharmaceutical companies speed up trials and conduct more trials in less time. eCOA solutions replace traditional paper-based, patient-reported outcomes by using innovative technologies to collect clinical outcome data. For instance, in June 2023, according to a report published on ClinicalTrials.gov, a US-based registry of clinical trials run by the United States National Library of Medicine, the number of registered studies will be 457,100 in 2023, representing a significant increase from 362,479 in 2020. Therefore, the growing demand for more clinical trials is driving the growth of the eCOA, eSource and clinical trials market.
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The eCOA, eSource and clinical trials market segments in the report are:
1) By Solution Type: eCOA (Electronic Clinical Outcome Assessment), eSource, Clinical Trial Solutions, Electronic Data Capture (EDC)
2) By Deployment: Licensed Enterprise (On-premise), Cloud-Based (SaaS)
3) By End User: Hospital, Healthcare Providers, CROs, Pharmaceutical Industry, Biotechnology Industry, Medical Device Industry, Other End Users
The table of contents in TBRC’s eCOA, eSource and clinical trials market report includes:
5.1. Global eCOA, eSource And Clinical Trials Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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