Global eClinical Solutions Market to Witness 14.0% CAGR During 2020 – 2025, Attaining the Market Size of USD 13.4 billion by 2025

Published Date: Apr, 2020

The global eClinical solutions market is predicted to grow at 14.0% CAGR during the forecast period with the market size reaching USD 13.4 billion by 2025. The market is driven by the factors such as intensifying number of clinical trials, mounting implementation of software solution during clinical trials, increasing need for improved data standardization, the mounting requirement for analyzing and tracking data and intensifying research, and development expenditure by pharmaceutical and biotechnology companies. Expanding clinical trial outsourcing, expanding government grants to support clinical research, and amplified IT budgets for drug development are further fuelling the growth of the market.

The market for eClinical solutions is primarily driven by the increasing number of clinical trials. With the expanding geriatric population, and mounting occurrence of chronic and lifestyle associated diseases such as diabetes, cardiovascular diseases, cancer, and obesity has resulted in increased frequency of pipeline drugs, which further increases the number of clinical trials for the introduction of novel drugs. Moreover, pharmaceutical and biotechnology companies are investing comprehensively in research and development for the development of novel drugs for the treatment of chronic and lifestyle associated diseases. This offers market players immense opportunities for clinical trials, which will drive their revenue growth.

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Global E-Clinical Solutions Market Segmentation Analysis

Segment

Categorization

Leading Category

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, and Electronic Trial Master File System

Electronic Data Capture and Clinical Data Management System (Largest)

Delivery Mode

On-Demand/ Web-Based, On-Premise, and Cloud-Based

Cloud-Based (Fastest)

On-Demand/Web-Based (Largest)

End User

Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Services Companies, Medical Device Manufacturers, Hospitals, and Academic Research Institute

Contract Research Organizations (Fastest)

 

Pharmaceutical and Biopharmaceutical Companies (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

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Among all types, electronic data capture and clinical data management system hold the largest share in the e-clinical solutions market, globally. The electronic clinical outcome assessment (eCOA) solutions segment is witnessing the highest growth in the market globally, owing to mounting need for electronic diaries in clinical studies, and the usage of mobile and digital technologies.

The different delivery modes of, the eClinical solutions market are on-demand/ web-based, on-premise, and cloud-based. Of all these delivery modes, the cloud-based category is predicted to witness the highest CAGR of xx% during the forecast period owing to the reduced maintenance cost, ease of integration, quicker deployment, improved productivity, flexible scalability, and faster operation. In addition, of all these delivery modes, the on-demand/ web-based category accounted for the largest share in the e-clinical solutions market owing to decrease in price, quicker recovery of data, and easy user access.

Based on end user the 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 end users, contract research organizations are expected to grow at the fastest rate during the forecast period, globally. Mounting clinical trial outsourcing, stringent regulations to ensure patient safety, and mounting demand for analyzing and tracking data are some of the factors facilitating the growth of the contract research organizations segment in the e-clinical solutions market.

North America accounted for the major share in the eClinical solutions industry in 2017, globally as the players in the region are continuously investing spends in research and development by pharmaceutical and biotechnology companies. In addition, mounting demand for improved data standardization, and home to a large number of industry players are some of the factors facilitating the growth of the North American e-clinical solutions market.

Moreover, Asia-Pacific is observed to witness the fastest growth in the e-clinical solutions market, owing to mounting government sponsoring to strengthen clinical trials, the existence of less strict regulatory strategies, and less operational cost for clinical trials. Mounting healthcare expenditure, easy patient recruitment, mounting outsourcing of clinical trials, and the growing number of pharmaceutical companies and CROs are some of the factors fuelling the growth of the Asia-Pacific eClinical solutions market.

Key players in the eClinical solutions industry are investing in the development of advanced, which is strengthening their position in the market., Oracle Corporation, PAREXEL International Corporation Medidata Solutions, Inc., DATATRAK International, Inc., eClinical Solutions, Inc., Bio-Optronics, Inc., ERT, MaxisIT Inc., and OmniComm Systems, Inc. are some of the key players offering e-clinical solutions.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Type, Delivery Mode, End User, and Region

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.

Global eClinical Solutions Market Coverage

Type Insight and Forecast 2015-2025

  • 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 Systems
  • Others

Delivery Mode Type Insight and Forecast 2015-2025

  • On-Demand/ Web-Based
  • Cloud-Based
  • On-Premise

End User Insight and Forecast 2015-2025

  • Pharmaceutical and Biopharmaceutical Companies
  • Contract Research Organizations
  • Consulting Services Companies
  • Medical Device Manufacturers
  • Hospitals
  • Academic Research Institute

Geographical Segmentation

E-Clinical Solutions Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Brazil
  • South Africa
  • Saudi Arabia
  • U.A.E
  • Other countries
Our Industry
Global eClinical Solutions Market to Witness 14.0% CAGR During 2020 – 2025, Attaining the Market Size of USD 13.4 billion by 2025