E-Clinical Solutions Market Size

E-Clinical solutions combine clinical technology and experience and are used through data processing and data analysis to facilitate the clinical development process. In addition to the increasing number of CROs and life sciences organizations, the growing trend of outsourcing clinical trials to contract research organizations (CROs) is poised to help the industry gain considerable momentum in the coming years. Factors such as increasing the number of clinical trials, increasing the implementation of technological solutions during clinical trials, increasing the need for better data standardization, increasing the need for data processing and monitoring and research intensification, and expenditure on growth by pharmaceutical and biotechnology companies are driving the market. The growth of the industry is further fueled by the expansion of clinical trial outsourcing, the extension of government grants to fund clinical research, and the amplification of IT budgets for drug production.

Market Highlights

Global E-Clinical Solutions Market to surpass USD 24.837 million by 2030 from USD 6.130 million in 2018 at a CAGR of 13.6% throughout the forecast period, i.e. 2019-30.

Major factors characterizing the market growth are increasing R&D activities by biopharmaceutical and pharmaceutical companies, growing expenditure on the production of clinical trials, the burden of chronic diseases, and increased adoption of smart devices for healthcare management.

Global E-Clinical Solutions Market: Segments

Web-based delivery mode segment to grow with the highest CAGR of XX.X% during 2019-30

Global E-Clinical Solutions Market is segmented by delivery mode into web-hosted (on-demand), licensed enterprise (on-premise), and cloud-based solutions. The largest share in 2019 was in the Web-hosted (on-demand) segment. Multiple factors are responsible for their large market shares, such as easy user access, cost reductions, and faster data retrieval. During the forecast period, the cloud-based distribution mode segment is expected to report the highest growth rate. With a fixed monthly fee provided by cloud-based models, the ease of integration, faster implementation, and flexible scalability are expected to drive the market for these solutions.

The pharmaceutical and biopharmaceutical segment to grow with the highest CAGR of XX.X% during 2019-30

Global E-Clinical Solutions Market is segmented by end-users into pharmaceutical and biopharmaceutical companies, contract research organizations, consulting service companies, medical. device manufacturers, hospitals, and academic research institutions. The multiple usages of E-Clinical solutions enhance the performance of clinical trials and decrease the total expense and time involved in the production of drugs. These advantages have resulted in a rise in pharmaceutical and biopharmaceutical companies' adoption of automated technology for medicines.

Global E-Clinical Solutions Market: Market Dynamics

Drivers

Increase in clinical trials

Factors such as increasing the number of clinical trials, increasing the implementation of technological solutions during clinical trials, increasing the need for better data standardization, increasing the need for data processing and monitoring and research intensification, and expenditure on growth by pharmaceutical and biotechnology companies are driving the market. The growth of the industry is further fueled by the expansion of clinical trial outsourcing, the extension of government grants to fund clinical research, and the amplification of IT budgets for drug production.

Stringent regulatory structure

In developed economies such as the United States, the existence of a strict regulatory framework for clinical trials and an increased need for safety monitoring also plays a vital role in the adoption of E-Clinical solutions in addition to this, during the review period, rising government grants for substantiated trials and growing the end-user base for E-Clinical solutions are likely to fuel the market.

Restraints

High operational costs associated with cleanrooms

High implementation costs coupled with the lack of trained professionals can pose a major obstacle to the growth of the market for E-Clinical solutions. It is also assumed that the materials used for the development of these technologies would have unique characteristics. The high cost-related installation and usage of cleanrooms are, however, expected to impede market growth during the forecast period.

Global E-Clinical Solutions Market: Regions

Global E-Clinical Solutions Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global E-Clinical Solutions Market in North America held the largest market share of XX.X% in the year 2019. The growing target population, coupled with the prevalence of lifestyle-related diseases such as diabetes and heart disease, is poised to stimulate the growth of E-Clinical solutions in the regional market. Also, the position of major players and the availability of advanced infrastructure is expected to accentuate the growth of the regional market.

Global E-Clinical Solutions Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global E-Clinical Solutions Market: Key Players

Oracle Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Medidata Solutions, In
Parexel International Corporation
Bioclinica, Inc. (A Subsidiary of Cinven)
Datatrak International, Inc.
CRF Health
ERT Clinical
Merge Healthcare Incorporated
Omnicomm Systems, Inc.
Maxisit Inc.
Bio-Optronics, Inc.
E-Clinical Solutions, LLC.

Global E-Clinical Solutions Market report also contains analysis on:

Global E-Clinical Solutions Market Segments:

By Product Type
- Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
- Clinical Trial Management Systems (CTMS)
- Clinical Analytics Platform
- Randomization and Trial Supply Management (RTMS)
- Clinical Data Integration Platform
- Electronic Clinical Outcome Assessment (eCOA)
- Safety Solutions
- Electronic Trail Master Files (eTMF)
- Regulatory Information Management Solutions (RIMS)
- Others