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India eClinical Solutions Market Outlook to 2030

Region:Asia

Author(s):Khushi Khatreja

Product Code:KROD1465

Published On

August 2024

Total pages

100

About the Report

India eClinical Solutions Market Overview

  • The India eClinical Solutions Market has experienced notable growth, this is reflected by Global eClinical Solutions Market reaching a valuation of USD 9.1 billion in 2023. This growth is driven primarily by the increasing adoption of cloud-based solutions, advancements in clinical trials, and a growing need for patient data management systems.
  • The key players in the India eClinical Solutions Market include Oracle Corporation, Medidata Solutions, Parexel International Corporation, CRF Health, and Bioclinica. These companies have established strong footholds in the market through strategic partnerships, technological innovations, and comprehensive service offerings.
  • In February 2024, Oracle Life Sciences expanded its global partnership with ObvioHealth, a digital clinical trials company. This collaboration focuses on enhancing the capture, integration, and analysis of clinical trial data through the ObvioGo platform, which streams real-time data into Oracle’s Clinical One solution. 
  • The cities dominating the India eClinical Solutions Market are Mumbai, Bengaluru, and Hyderabad. Mumbai leads due to its advanced healthcare infrastructure and numerous pharmaceutical companies. Bengaluru, known as the IT hub of India, benefits from its strong technology base and numerous clinical research organizations (CROs).

India eClinical Solutions Market Size

India eClinical Solutions Market Segmentation

India eClinical Solutions Market is divided into following segments:

  • By Product Type: The India eClinical Solutions Market is segmented by product type into Electronic Data Capture (EDC), Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), and Randomization and Trial Supply Management (RTSM). In 2023, EDC systems held a dominant market share in India due to their widespread adoption in clinical trials for efficient data collection and management.

India eClinical Solutions Market Segmentation by Product Type

  • By Delivery Mode: The India eClinical Solutions Market is segmented by delivery mode into Web-based, Cloud-based, and Licensed Enterprise (On-premise). In 2023, the Cloud-based segment dominated the market due to its scalability, cost-effectiveness, and ease of access. Cloud-based solutions offer seamless integration and real-time data monitoring, which are crucial for the efficient management of clinical trials.

India eClinical Solutions Market Segmentation by Delivery Mode

  • By Region: The India eClinical Solutions Market is segmented by region into North, South, East, and West. In 2023, the South region held a dominant market share, driven by the presence of numerous IT companies, CROs, and pharmaceutical giants. The combination of advanced infrastructure, a skilled workforce, and supportive regulatory environments makes the South region a powerhouse in the eClinical solutions market.

 India eClinical Solutions Market Competitive Landscape

Company

Establishment Year

Headquarters

Oracle Corporation

1977

Redwood Shores, USA

Medidata Solutions

1999

New York, USA

Parexel International Corporation

1982

Boston, USA

CRF Health

2000

Pennsylvania, USA

Bioclinica

1990

Princeton, USA

  •  Medidata Solutions: The renewed collaboration between Medidata Solutions and PPD Clinical Research was officially announced on February 28, 2024. This agreement continues their partnership, which has been in place since 2009, focusing on enhancing clinical trial processes through Medidata's technology, including the TrueCast platform powered by AI.
  • Oracle Corporation: Oracle Cloud Infrastructure (OCI) was selected by India's Ministry of Education in 2023 to modernize the national education technology platform, DIKSHA (Digital Infrastructure for Knowledge Sharing). This collaboration aims to enhance accessibility and reduce IT costs for the platform, which serves approximately 200 million students across 1.48 million schools in India.

India eClinical Solutions Industry Analysis

India eClinical Solutions Market Growth Drivers

  • Increasing Number of Clinical Trials: The growing number of clinical trials in India is a significant growth driver for the eClinical solutions market. As of 2024, India is home to over 4,000 ongoing clinical trials, reflecting the country's robust clinical research infrastructure and cost-effectiveness. The rise in clinical trials necessitates efficient data management and monitoring solutions, driving the demand for eClinical solutions.
  • Adoption of AI and Machine Learning: The integration of AI and machine learning technologies in eClinical solutions is transforming clinical trial management and data analysis. The Indian government’s Digital India initiative, which promotes the adoption of advanced technologies, has further accelerated this trend.
  • Growing R&D Activities: Increased R&D activities by biopharma and pharmaceutical companies are driving demand for eClinical solutions, with a focus on data-driven decision-making in clinical trials. The Indian government has launched the National Policy on R&D and Innovation in the Pharma Med-Tech Sector to foster innovation and transition the sector from cost-based to innovation-based growth.

India eClinical Solutions Market Challenges

  • Data Security and Privacy Concerns: Data security and privacy concerns constitute significant challenges to the eClinical solutions market in India. With the increasing digitization of health records and clinical trial data, the risk of cyber-attacks and data breaches has escalated. In 2023, India witnessed a 37% increase in healthcare data breaches compared to the previous year, according to the Indian Computer Emergency Response Team (CERT-In).
  • Limited Digital Infrastructure: Despite advancements, the limited digital infrastructure in rural areas of India hampers the widespread adoption of eClinical solutions. This digital divide restricts the implementation of cloud-based eClinical solutions, which require reliable internet access. Bridging this gap is essential for the equitable growth of the eClinical market across the country.

India eClinical Solutions Market Government Initiatives

  • National Digital Health Mission (NDHM): The National Digital Health Mission (NDHM), launched in 2021, aims to create a digital health ecosystem in India. As of December 2023, over 50 crore individuals have an ABHA number (unique health ID), and more than 1.5 crore patients have used ABHA-based instant OPD registration services. The ABHA app, with over 50 lakh downloads, enables patients to securely manage their digital health records.
  • Ayushman Bharat Digital Mission (ABDM): The ABDM was launched on September 27, 2021, not in 2022 as stated. It aims to create an integrated digital health ecosystem in India, facilitating interoperability among various health data systems. The ABDM has an outlay of â‚¹1,600 crore for a five-year period from 2021-2022 to 2025-2026, aimed at building the necessary infrastructure to support the digital health ecosystem.

India eClinical Solutions Market Future Outlook

The eClinical solutions market in India is ready for substantial growth, driven by increased R&D activities, a surge in clinical trials, technological advancements, and supportive government policies. The integration of AI and machine learning in eClinical platforms will contribute to market growth. Additionally, the rising number of clinical trials in India, driven by the large patient pool and cost-effective operational environment, will further push the market.

Future Market Trends

  • Growth in Artificial Intelligence and Machine Learning Applications: By 2028, the adoption of artificial intelligence (AI) and machine learning (ML) in eClinical solutions is expected to transform the clinical trial landscape in India. AI and ML technologies will enhance data analysis, patient recruitment, and monitoring processes, leading to more efficient and accurate clinical trials.
  • Expansion of Decentralized Clinical Trials: By 2028, more than half of clinical trials in India will adopt decentralized models. This shift will be supported by advancements in digital health technologies, including telemedicine, wearable devices, and mobile health (mHealth) applications. According to the Clinical Trials Registry of India (CTRI), the adoption of DCTs will increase significantly, impacting the eClinical solutions market.

Scope of the Report

By Product Type

Electronic Data Capture (EDC)

Clinical Data Management Systems (CDMS)

Clinical Trial Management Systems (CTMS)

Randomization and Trial Supply Management (RTSM)

By Delivery Mode

Cloud-based

Web-based

Licensed Enterprise (On-premise)

By Region

North

South

East

West

Products

Key Target Audience – Organizations and Entities who can benefit by Subscribing this Report:

  • Pharmaceutical Companies

  • Biotechnology Companies

  • IT and Software Development Firms

  • Investments and Venture Capitalist Firms

  • Government and Regulatory Bodies (e.g., Indian Council of Medical Research, Ministry of Health and Family Welfare)

  • Medical Device Manufacturers

  • Data Management and Analytics Firms

  • Clinical Research Laboratories

  • Healthcare Consultants

Time Period Captured in the Report:

  • Historical Period: 2018-2023

  • Base Year: 2023

  • Forecast Period: 2023-2028

Companies

Players Mentioned in the Report:

  • Oracle Corporation

  • Medidata Solutions

  • Parexel International Corporation

  • CRF Health

  • Bioclinica

  • Veeva Systems

  • IBM Watson Health

  • Covance Inc.

  • ERT Clinical

  • ICON plc

  • Bio-Optronics

  • Datatrak International

  • eClinicalWorks

  • MedNet Solutions

  • Signant Health

Table of Contents

1. India eClinical Solutions Market Overview

1.1 India eClinical Solutions Market Taxonomy

2. India eClinical Solutions Market Size (in USD Bn), 2018-2023

3. India eClinical Solutions Market Analysis

3.1 India eClinical Solutions Market Growth Drivers
 
3.2 India eClinical Solutions Market Challenges and Issues
 
3.3 India eClinical Solutions Market Trends and Development
 
3.4 India eClinical Solutions Market Government Regulation
 
3.5 India eClinical Solutions Market SWOT Analysis
 
3.6 India eClinical Solutions Market Stake Ecosystem
 
3.7 India eClinical Solutions Market Competition Ecosystem

4. India eClinical Solutions Market Segmentation, 2023

4.1 India eClinical Solutions Market Segmentation by Product Type (in %), 2023
 
4.2 India eClinical Solutions Market Segmentation by Delivery Mode (in %), 2023
 
4.3 India eClinical Solutions Market Segmentation by Region (in %), 2023

5. India eClinical Solutions Market Competition Benchmarking

5.1 India eClinical Solutions Market Cross-Comparison (no. of employees, company overview, business strategy, USP, recent development, operational parameters, financial parameters and advanced analytics)

6. India eClinical Solutions Future Market Size (in USD Bn), 2023-2028

7. India eClinical Solutions Future Market Segmentation, 2028

7.1 India eClinical Solutions Market Segmentation by Product Type (in %), 2028
 
7.2 India eClinical Solutions Market Segmentation by Delivery Mode (in %), 2028
 
7.3 India eClinical Solutions Market Segmentation by Region (in %), 2028

8. India eClinical Solutions Market Analysts’ Recommendations

8.1 India eClinical Solutions Market TAM/SAM/SOM Analysis
 
8.2 India eClinical Solutions Market Customer Cohort Analysis
 
8.3 India eClinical Solutions Market Marketing Initiatives
 
8.4 India eClinical Solutions Market White Space Opportunity Analysis
 
 
Disclaimer Contact Us

 

Research Methodology

Step 1 Identifying Key Variables:

Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information. 

Step 2 Market Building:

Collating statistics on India eClinical Solutions Market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for India eClinical Solutions industry. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared. 

Step 3 Validating and Finalizing:

Building market hypothesis and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives. 

Step 4 Research Output:

Our team will approach multiple eClinical Solutions industry companies and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from such eClinical Solutions industry companies.

Frequently Asked Questions

01 How big is India eClinical Solutions Market?

The India eClinical Solutions Market has seen significant growth, mirrored by the Global eClinical Solutions Market, which reached a valuation of USD 9.1 billion in 2023. This expansion is largely attributed to the rising adoption of cloud-based solutions, advancements in clinical trial methodologies, and an increasing demand for patient data management systems.

02 Who are the major players in the India eClinical Solutions Market?

Key players in the India eClinical Solutions Market include Oracle Corporation, Medidata Solutions, Parexel International Corporation, CRF Health, and Bioclinica. These companies dominate due to their technological innovations and comprehensive service offerings.

03 What are the growth drivers of India eClinical Solutions Market?

Growth drivers of the India eClinical Solutions Market include the increasing number of clinical trials, adoption of AI and machine learning technologies, and government initiatives such as the National Digital Health Mission (NDHM).

04 What are the challenges in India eClinical Solutions Market?

Challenges in the India eClinical Solutions Market include data security and privacy concerns, limited digital infrastructure in rural areas, and high implementation costs for small and mid-sized clinical research organizations.

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