eClinical Solutions Market: Current Analysis and Forecast (2021-2027)
January 2022
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About the Report
About the Report
eClinical platform vendors bundle applications and services into a single, integrated solution for running clinical trials. Life science CIOs are seeking to improve trial speed, quality and resource use should use this research as a planning for e-clinical platform adoption.
eClinical platforms reduce IT infrastructure costs, let companies manage the burgeoning stream of data from both sites and mobile devices, maintain compliance with changing safety regulations, and incorporate the technologies clinical researchers and sponsors need, more quickly and easily. This increased speed, flexibility and cost reduction is vital to meeting new expectations in clinical development. Additionally, a SaaS-based, eClinical platform enables the industry to address today's clinical needs, while being ready to adapt to new developments and innovation.
Based on Product, the eClinical solutions market is segmented into CDMS/EDC Solutions, CTMS Solutions, eCOA Solutions, RTMS Solutions, Safety Solutions, Analytics and Reporting Platforms, Integration Platforms, eTMF, and Others. Amongst Product, the CTMS Solutions segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027. CTMS is the clinical trial management system, which is the essential set of tools to effectively plan, manage and track your clinical study portfolio.
Based on Delivery Mode, the eClinical Solutions Market is segmented into Web-based (on-demand) Model, Licensed enterprise (on-premise) Model, and Cloud-based (SAAS) Model. Cloud Based (SAAS) Model segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analyzed period. In 2018, technology giant Oracle launched a new holistic, unified cloud-based eClinical solution which was intended to bring new drugs to the market in a timely manner, while maintaining quality and safety.
Based on Clinical Trial Phase, the eClinical Solutions Market is segmented into Phase I, Phase II, Phase III, and Phase IV. Amongst Clinical Trial Phase, the Phase III segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027. The need for clinical data management software to curb overall cost and improve process efficiency is contributing to the growth of the segment.
Based on End-User, the eClinical Solutions Market is segmented into Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Service Companies, Medical Device Manufacturers, Hospitals, and Academic Research Institutions. Amongst End- User, the Contract Research Organizations segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027. According to Research a 7.4% compound annual growth rate is predicted for the CRO market through 2019 and a market penetration rate of 72% by 2020.
For a better understanding of the market adoption of eClinical Solutions Industry, the market is analyzed based on its presence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America will dominate the eClinical Solutions market on account of increasing popularity of chronic diseases.
Some of the major players operating in the market include Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, BioClinica, Inc., Signant Health, Datatrak International, Inc., ERT, eClinical Solutions, Inc., MaxisIT Inc., and Bio-Optronics, Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
eClinical Solutions Market was valued at USD 7.2 billion in 2020 and is projected to expand significantly with a CAGR of 14% from 2021-2027F to USD 17 billion in 2027. The eClinical Solutions Market is expected to witness a boost on account of its high adoption in the North America region.
Products
Companies
Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, BioClinica, Inc., Signant Health, Datatrak International, Inc., ERT, eClinical Solutions, Inc., MaxisIT Inc., and Bio-Optronics, Inc.
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the eClinical Solutions Market
2.2. Research Methodology of the eClinical Solutions Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the eClinical Solutions Market Study
3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)
4 EXECUTIVE SUMMARY
5 eCLINICAL SOLUTIONS MARKET COVID-19 IMPACT
6 eCLINICAL SOLUTIONS MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY PRODUCT
7.1. CDMS/EDC Solutions
7.2. CTMS Solutions
7.3. eCOA Solutions
7.4. RTMS Solutions
7.5. Safety Solutions
7.6. Analytics and Reporting Platforms
7.7. Integration Platforms
7.8. eTMF
7.9. Others
8 MARKET INSIGHTS BY DELIVERY MODE
8.1. Web-based (on-demand) Model
8.2. Licensed enterprise (on-premise) Model
8.3. Cloud-based (saas) Model
9 MARKET INSIGHTS BY CLINICAL TRIAL PHASE
9.1. Phase I
9.2. Phase II
9.3. Phase III
9.4. Phase IV
10 MARKET INSIGHTS BY END-USER
10.1. Pharmaceutical and Biopharmaceutical Companies
10.2. Contract Research Organizations
10.3. Consulting Service Companies
10.4. Medical Device Manufacturers
10.5. Hospitals
10.6. Academic Research Institutions
11 MARKET INSIGHTS BY REGION
11.1. NORTH AMERICA eCLINICAL SOLUTIONS
11.1.1. United States
11.1.2. Canada
11.1.3. Rest of North America
11.2. EUROPE eCLINICAL SOLUTIONS
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Spain
11.2.5. Italy
11.2.6. Rest of Europe
11.3. ASIA-PACIFIC eCLINICAL SOLUTIONS
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Aurstralia
11.3.5. Rest of Asia-Pacific
11.4. REST OF THE WORLD eCLINICAL SOLUTIONS
12 eCLINICAL SOLUTIONS MARKET DYNAMICS
12.1. Drivers
12.2. Challenges
12.3. Impact Analysis
13 eCLINICAL SOLUTIONS MARKET OPPORTUNITIES
14 eCLINICAL SOLUTIONS MARKET TRENDS
15 LEGAL AND REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
16.1. Demand Side Analysis
16.2. Supply Side Analysis
16.2.1. Top Product Launches
16.2.2. Top Business Partnerships
16.2.3. Top Business Expansions, Investments and Divestitures
16.2.4. Top Merger and Acquisitions
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
18.1. Competitive Landscape
18.1.1. Company Shares, By Revenue
19 COMPANY PROFILED
19.1. Oracle Corporation
19.2. Medidata Solutions, Inc.
19.3. Parexel International Corporation
19.4. BioClinica, Inc.
19.5. Signant Health
19.6. Datatrak International, Inc.
19.7. ERT
19.8. eClinical Solutions, Inc.
19.9. MaxisIT Inc.
19.10. Bio-Optronics, Inc.
20 DISCLAIMER
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