Status : Published Published On : Apr, 2020 Report Code : VRHC1071 Industry : Healthcare Available Format : Page : 153

Global eClinical Solutions Market – Analysis and Forecast (2019-2025)

Industry Insights by Type (Electronic Data Capture and Clinical Data Management System, Clinical Trial Management System, Clinical Analytics Platforms, Randomization and Trial Supply Management, Clinical Data Integration Platform, Electronic Clinical Outcome Assessment Solutions, Safety Solutions, Electronic Trial Master File System, and Others), Delivery Mode (On-Demand/ Web-Based, On-Premise, and Cloud-Based), by End User (Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Services Companies, Medical Device Manufacturers, Hospitals, and Academic Research Institute)

Industry Overview

From USD 5.7 billion in 2019, the global eClinical solutions market is predicted to grow to USD 13.4 billion by 2025, registering a CAGR of 14.0% during the forecast period (2020–2025). The market has witnessed huge demand for electronic data capture, and clinical data management system over the last few years, owing to the increasing demand for improved data standardization. Different types of solutions such as electronic data capture (EDC) and clinical data management system (CDMS), clinical trial management system (CTMS), clinical analytics platforms, and randomization and trial supply management are majorly contributing to the global eClinical solutions market size.

Global eClinical Solutions Market Highlights

eClinical solutions refer to software that helps researchers analyze new ways to manage and analyze clinical data. It is a combination of technology, products, and services, which is mainly engaged in data collection, integration, reporting, and localization of clinical trial data. Moreover, it reduces unnecessary data entry and decreases on-site verification and source data verification. Now these days rising clinical trials, R&D activities by pharmaceutical and biopharma organizations is the major factors driving the growth of the global eClinical solutions market.

Market Segmentation

Insight by Type

On the basis of type, the global eClinical solutions market is categorized into electronic data capture (EDC) and clinical data management system (CDMS), clinical trial management system (CTMS), clinical analytics platforms, randomization and trial supply management, clinical data integration platform, electronic clinical outcome assessment (eCOA) solutions, safety solutions, electronic trial master file system, and others.

The electronic data capture and clinical data management system category would hold the largest share in the eClinical solutions market, under the type segment, till 2025. However, during the forecast period, electronic clinical outcome assessment solutions category, on the basis of type, would witness fastest growth in the global eClinical systems market due to the growing need for electronic diaries in clinical studies, and the usage of mobile and digital technologies.

Insight by Delivery Mode

On the basis of the delivery mode, the global eClinical solutions market is segmented into on-demand/ web-based, on-premise, and cloud-based. during the forecast period, cloud-based category, would witness fastest growth in the global eClinical systems market. This would be a result of the reduced maintenance cost, ease of integration, quicker deployment, improved productivity, flexible scalability, and faster operation.

However, the on-demand/ web-based category would hold the largest share in the global eClinical solution systems market, under the delivery mode segment, till 2025. This would be a result of the decrease in price, quicker recovery of data, and easy user access.

Insight by End User

Based on end user, the global eClinical solutions market is segmented into pharmaceutical and biopharmaceutical companies, contract research organizations, consulting services companies, medical device manufacturers, hospitals, and academic research institute. Of all, the eClinical solutions market size for contract research organizations is expected to grow at the fastest rate during the forecast period, globally. In addition, of all end users, pharmaceutical and biopharmaceutical companies accounted for the largest share of the market in 2019.

Study Coverage

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Market Representation in the Study

Revenue in USD Million and CAGR from 2015 to 2019 (Historical), and 2020 to 2025 (Forecast)

Geographies Covered in the Study

North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, and Spain), Asia-Pacific (China, Japan, India, South Korea, and, Australia), and Rest of the World (Brazil, U.A.E., Saudi Arabia, and South Africa)

Companies Covered in the Study

Oracle Corporation, Insightec Ltd

Medidata Solutions, Inc., DATATRAK International Inc, eClinical Solutions, Inc., Bio-Optronics Inc., ERT, MaxisIT Inc., OmniComm Systems, Inc.

15% Free Customization in the Scope of the Report

If you have any specific requirement, which is not being covered in the scope of the report, our research team can produce a customized report as a part of customization

Industry Dynamics

Growth Drivers

The key drivers driving the growth of the global eClinical solutions market are the increasing number of clinical trials, growing clinical trial outsourcing, rising implementation of software solution during clinical trials, budding demand for improved data standardization, expanding government grants to support clinical research, mounting demand for analyzing and tracking data and expanding research and development expenditure by pharma and biotech companies.

Owing to the growing geriatric population and mounting occurrence of chronic diseases has resulted in increased frequency of pipeline drugs, which further increases the number of clinical trials for the introduction of novel drugs. Other factors driving the growth of the global eClinical solutions market are the amplified IT budgets for drug development and modification from manual data analysis to real-time data analysis. Apart from this, increasing integration of software solutions in clinical trials is expected to provide a boost to the market. Currently due to increasing trend of outsourcing clinical trials to contract based labs/organization’s and is poised to aid the market gain in the coming times. Due to, growing number of research programs in European & Asian countries like China, India, Japan, Taiwan and development of cost-effective modules are anticipated for incremental demand for such solutions.

Challenges

Some of the major factors hampering the growth of the global eClinical solutions market are the high cost of implementation, the low adoption rate of the software, lack of high-speed broadband facility and long approval time. In addition, the dearth of skilled professionals is also having a negative impact on the growth of the market.

Geographic Overview

Around the globe, North America was the largest user of eClinical solutions in 2019, primarily due to a large number of industry players operating the North American market. Additionally, increasing demand for improved data standardization and increase in spends on research and development by pharmaceutical and biotechnology companies are also fueling the growth of the North American eClinical solutions market.

Asia-Pacific market is predicted to witness fastest growth in the global eClinical solutions market during the forecast period (2020–2025). The major factors driving the growth of the market in the APAC region are huge population base, easy patient recruitment, and the existence of less strict regulatory standards. Additionally, growing government sponsoring to strengthen clinical trials, the less operational cost for clinical trials, increasing healthcare expenditure, increasing outsourcing of clinical trials, and growing number of pharmaceutical companies and CROs are also boosting the growth of the Asia-Pacific eClinical solutions industry.

Competitive Insight

Key market players in the global eClinical solutions industry are investing capital to develop technologically advanced systems. In February 2018, OmniComm Systems, Inc. acquired Algorics, to enhance its product portfolio in a clinical analytics solution.

The major players in the global eClinical solutions market are Oracle Corporation, PAREXEL International Corporation Medidata Solutions, Inc., DATATRAK International, Inc., eClinical Solutions, Inc., Bio-Optronics, Inc., ERT, MaxisIT Inc., and OmniComm Systems, Inc.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

eClinical Solutions Market Size

Source: VynZ Research

eClinical Solutions Market Share

Source: VynZ Research

Frequently Asked Questions

Key market players in the global eClinical solutions industry are investing capital to develop technologically advanced systems.
The pharmaceutical and biopharmaceutical companies, under the end user segment, would hold the largest share in the global eClinical solutions market in 2019.
Asia-Pacific market is predicted to witness fastest growth in the global eClinical solutions market during the forecast period (2020�2025).
The global eClinical solutions market is registering a CAGR of 14.0% during the forecast period (2020�2025).
The global eClinical solutions market is predicted to grow to USD 13.4 billion by 2025.

Place an order

Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
eClinical Solutions Market