The new report by Expert Market Research titled, ‘Global eClinical Solutions Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global eClinical solutions market, assessing the market based on its segments like major product, delivery mode, development phase, end-use and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 8.25 billion
- Forecast CAGR (2023-2028): 12.69%
- Forecast Market Size (2028): USD 16.89 billion
The marketplace for eClinical solutions is predicted to witness a strong growth within the forecast period. These solutions make it easier to bring life-changing therapies to patients faster, leading to increased adoption on a global level. In addition, various organisations are in the process of conducting clinical trials to develop vaccines and treatments by leveraging advanced technologies, driving the industry’s expansion. The researchers are increasingly preferring electronic tools and devices to hold out different procedures involved in clinical trials, like data collection and analysis, thus, contributing to the market expansion. Geographically, the Asia Pacific is predicted to account for a big share of the eClinical solutions industry. A surge within the adoption of eClinical solutions within the region’s healthcare sector are often attributed to the growing got to manage and process large volumes of knowledge during a short period of your time. Further, the adoption of advanced technologies along with the increasing R&D by pharmaceutical and biotechnology market participants is aiding the growth within the region.
Industry Definition and Major Segments
eClinical solution refers to the appliance of computerised solutions to conduct clinical trials, especially for manual processes. These solutions are employed by large also as small organisations operating within the field of life sciences and medicine to manage their front-office, mid-office, and back-office operations.
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On the Basis of product, the market can be divided into:
- Electronic Clinical Outcome Assessment
- Electronic Data Capture and Clinical Data Management Systems
- Clinical Analytics Platform
- Clinical Data Integration Platform
- Safety Solutions
- Clinical Trial Management Systems
- Randomisation and Trial Supply Management
- Electronic Trial Master File
On the Basis of delivery mode, the market can be divided into:
- Web-Hosted
- Licensed Enterprise
- Cloud-Based
On the Basis of development phase, the market can be divided into:
- Phase I
- Phase II
- Phase III
- Phase IV
On the Basis of end-use, the market can be divided into:
- Hospitals
- Contract Research Organisations
- Academic Institutes
- Pharma and Biotech Organisations
- Medical Device Manufacturers
On the Basis of region, the market can be divided into:
- North America
- Europe
- The Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
The rising prevalence of varied microbes in water which causes health issues is surging the demand for water treatment. The increasing presence of legionella colonising artificial water systems and equipment has resulted in surging the demand for managing potable water. The growing demand for legionella testing in care facilities and hospitals, and public-accessed buildings, along with fountains and cooling towers, is propelling the market growth. Additionally, the introduction of initiatives by governments and healthcare organisations to extend awareness regarding the danger of legionella growth is further augmenting the industry growth. As an example, the UK government instructed all businesses and other services to initiate vital checks like legionella testing to stop the danger of Legionnaires’ disease in March 2021.
Key Market Players
The major players in the market are Oracle, PAREXEL International Corporation, Medidata Solution, Inc., Bioclinica, DATATRAK International, Inc., CRF Health, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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