eClinical Solutions Market report gives attention to market segmentation, market size, and forecast of 2019-2025 to help stakeholders in making a good decision for the future investments. The industry report segmented into types, application, and regions with providing production, revenue, import/export.
North America dominates the eClinical solutions market owing to the rise in the number of clinical trials in this region. Technological advancements, huge funding in R&D activities, rising government grants for clinical trials, and an increase in the lifestyle-related diseases are factors driving the industry growth in this region. Continuous product development and new product launches by eClinical solution vendors also result in a rise of the eClinical solutions industry in this region.
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There is a rising demand for clinical trials by pharma and biopharma companies, which boost the industry demand. They provide services for a large customer base at low operating costs, which further drive the eClinical solutions market. EClinical solutions also assist in tracking, organizing, and executing this data from different geographical locations and also accelerate the process of clinical development. They monitor the data at an individual patient level or cross trial level, fueling the industry growth.
Eclinical solutions make use of technology, products, and services to provide clinical trials, which reduce human errors and manage a large amount of clinical data with real-time analysis. Technological advancements in the field of eClinical solutions, improvement in efficiency offered by eClinical solutions, globalization of clinical trials, and reduced costs are the main drivers of the eClinical solutions market.
eClinical solutions market can be segmented on the basis of product, delivery mode, and end user. The product can be sub-segmented into clinical data integration platforms, safety solution, Randomization and Trial Supply Management (RTSM), eCOA, Electronic Trial Master Files (ETMF), Clinical Analytics Platform, Electronic Data Capture (EDC,) and Clinical Data Management System (CDMS). The EDC and CDMS are leading the eClinical solutions market and electronics Clinical Outcome Assessment (eCOA) segment has the highest growth rate.
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The main players operating in the eClinical solutions market include Oracle Corporation, ERT, Parexel International Corporation, BioClinica, CRF Health, eClinical Solutions, OmniComm Systems, Datatrak International, Merge Health Incorporated, and PHT Corporation. These major players are engaged in strategies such as agreements, partnerships, mergers and acquisitions, and new product launches, and collaborations to attain a competitive edge in the eClinical solutions industry.