Global E-Clinical Solutions Industry Size study, By Players (Bio-Optronics, Inc., CRF Health, Datatrak International, Inc., Eclinical Solutions), By Product (Clinical Trial Management Systems, Clinical Analytics Platforms) and By Delivery (Web-Hosted Solutions, On-Premise Solutions)- Analysis and Current Growth Analysis 2018 - 2025
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Product Code:
RP-ID-10078414 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
110 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-27
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global E-Clinical Solutions Industry was valued approximately USD 3.5 billion in 2016, is anticipated to grow at a CAGR of 15.39% by 2025. The Industry growth is attributed to the rising government funding and R&D investments from pharma-biotech companies. Moreover, clinical research studies incur higher cost and are highly regulated, thus there is a rapid increase in adoption of cost effective e clinical solution. Additionally, with the advent of big data and healthcare IT, the global healthcare industry is moving towards centralization of data for faster and better execution of healthcare, anywhere across the globe. The E-Clinical Solutions will enable the effective planning, tracking and execution of the healthcare data base across different countries.
On the basis of delivery mode, currently the Industry is dominated by web hosted delivery model. The web hosted delivery model aids faster and easy accessibility of data and incurs lower cost than on premise delivery. However, in coming years, cloud hosted models are expected to grow at highest CAGR. The Industry growth is primarily driven by the ability of cloud to flexibly integrate with multiple platforms and the pay as you go model.
The major market players in E-Clinical Solutions Industry are Bio-Optronics, Inc., CRF Health, Datatrak International, Inc., Eclinical Solutions, LLC., ERT Clinical, Maxisit Inc., Medidata Solutions, Inc., Merge Healthcare Incorporated, Systems, Inc., Oracle Corporation, Parexel International Corporations and others.
In 2016, North America dominates the global E-Clinical Solutions Industry with more than 35% revenue share. The Industry growth is driven by the presence of large number of pharmaceutical and biotechnology firms in the region. Moreover, there is a significant rise in number of clinical trials in the region due to increasing support from government funds. However, during the forecast period, Asia Pacific Industry is expected to grow at an accelerating rate. Due to less stringent regulations in many Asian countries, the biotechnology and pharmaceuticals companies across the world are outsourcing clinical trials to the developing countries in Asia Pacific.
By Product:
• Electronic Data Capture and Clinical Data Management Systems
• Clinical Trial Management Systems
• Clinical Analytics Platforms
• Randomization and Trial Supply Management
• Clinical Data Integration Platforms
• Electronic Clinical Outcome Assessment Solutions
• Safety Solutions
• Electronic Trial Master File Systems
• Regulatory Information Management Solutions
• Other E-Clinical Solutions
Delivery Mode:
• Web-Hosted Solutions
• On-Premise Solutions
• Cloud-based(SaaS) Solutions
End User:
• E-Clinical Solutions Industry, Sub Segment Analysis
• Contract Research Organizations
• Medical Device Manufacturers
• Hospitals
• Academic Research Institutes
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
.