9th Aug 2019 – The global eClinical
solutions market size is predicted to value at USD 12.05 million by
2025, during the forecast period. The market is subject to undergo a
substantial growth due to the rise in the R&D activities by number of
bio-pharma and healthcare organizations, growing use of automated solutions in
medical trials, and rise in the customer-base. Various advanced technologies
such as electronic data capture via Wi-Fi enabled devices in the field of
clinical trials, has led to rapid development in eClinical solutions industry
in recent years.
The constant need for tracing and
diagnosis of clinical data is influencing the clinics and hospitals to adopt of
efficient clinical solutions, thus escalating market growth over forecast
period. Additionally, the crucial need for highly efficient clinical process is
poised to influence the growth of the industry. Globally, the eClinical
solutions industry is predicted to grow at CAGR of 13.6% in the forecast
period, thus providing numerous opportunities for market players to invest for
research and development in the eClinical solutions market.
Latest trend associated with outsourcing
of medical trials to the contract research organizations (CROs), growing number
of these organizations, and environmental & life sciences are helping
eClinical solutions industry to acquire immense traction in the upcoming years.
Also, numerous research programs across the globe to implement low cost modules
are responsible for stirring up the need for eClinical systems. Furthermore,
digital revolution in the healthcare sector and ever-changing inclination
towards the current data centric trends are expanding the reach of the market.
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The constant need to embed clinical IT
solutions is growing because of the large sets of data produced between
clinical development procedures. eClinical systems provide a common source of
data to allow cost optimization by removing undesired data entry and limiting
need for online verification technique and data authentication rate. Growing
awareness associated with the use of the eClinical solutions is advancing market
growth during forecast period.
eClinical is commonly used to signify
the automated electronic applications that are implemented in clinical
research. The use of eClinical is significantly growing in the
biopharmaceutical industry as well. Formerly, eClinical solutions is typically
adopted for engineering application in the clinical trials similar to EDCs i.e.
electronic data capture systems, electronic patient diaries, interactive voice
response (IVR) systems, interactive web recognition (IWR) systems, e-PRO and
other kinds automated systems that are commonly utilized in clinical trials.
eClinical solutions are mostly web-based toolkits to capture real time data
associated with the clinical trials to provide faster and superior execution of
clinical processes. eClinical solutions are implemented with the help of
software located on the server side, so it is not needed to install it on the
desktop. There are various eClinical forums allowing users to share ideas via
internet.
The conventional methodologies such as
clinical trials were influenced by some of the critical factors similar to the
growing competition, rising prices of medicines and strict governmental laws to
limit adverse effects on the environment. With advent of the eClinical
solutions, such factors are significantly diminished due numerous advantages
provided with the use of the eClinical technologies. Benefits associated with
adoption of eClinical solutions are superior performance, successful trials,
reliability and short timeframes for execution of clinical trial, and
cost-effectiveness.
The eClinical solutions market is
divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise adoption of modern techniques in healthcare
sector and presence of prominent industry players in the region. Asia-Pacific
region is predicted to hold major market share in the eClinical solutions
industry with massive growth in forecast period. Countries such as India, China
and Singapore are leading the Asia-Pacific market with growing need for medical
infrastructure and increasing occurrence of chronic diseases like cancer and
cardiovascular disorders. The key players in the eClinical solutions market are
IBM Inc., Oracle Co., Medidata Solutions Incorporations, Bio Clinical
Solutions, DATATRAK Incorporations, CRF Health Solutions, ERT Inc., and
eClinical Solutions.
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