“Latest Market Overview for E-Clinical Solutions Market Research Report
Global E-Clinical Solutions Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the E-Clinical Solutions market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Oracle Corporation
- BioClinicia Inc.
- PAREXEL International Corporation
- OmniComm Systems
- Eresearchtechnology Inc.
- Datatrak International Inc.
- HT Corporation
- eClinical Solutions
- Medidata Solutions
- Merge Healthcare Incorporated
- CRF Health
Get Sample PDF of E-Clinical Solutions Market Report @ https://www.360researchreports.com/enquiry/request-sample/13100635
Description of E-Clinical Solutions Market: In 2017, the global eclinical solutions market was valued at USD 4.48 billion and is expected to reach a value of USD 9.26 billion by 2023, registering a CAGR of 12.86%, during 2018-2023 (the forecast period). According to the National Institute of Healthâs Clinical Trials registry in the United States, the number of clinical trials underway each year has been increasing consistently. In the last five years, over 75,000 federally and privately supported trials have been registered. Clinical testing of new drugs is an expensive, a complex and lengthy process. These aspects are fueling the need for electronic data capture and remote data entries, thus, augmenting the growth of the global eclinical solutions market over the forecast period. In addition to the reduction of time and cost, eclinical solutions are also improving data management and integrating data from different trials for clearer analysis. The percentage of aged population (>65 years) is increasing gradually, which is a strong indicator for the market growth. This can be attributed to the fact that elderly population accounts for the major share in clinical homes.
Enormous Data Capture From The Healthcare Industry
The sheer volume of the healthcare data is growing at an astronomical rate: In 2013, around 153 exabytes (one exabyte = one billion gigabytes) were produced and an estimated 2,314 exabytes are expected to be produced by 2020, translating to an overall rate of increase of at least 48% annually. This growth in the amount of data can be attributed to the rising popularity of wearable devices, such as pedometers and heart-rate monitors. It is estimated that the health and fitness technology have seen a record sales in 2017, with 35 million units sold in US. With the advent of innovative solutions in the market, consumers are likely to continue experimenting these and adopt the new iterations of wearables that link the data produced directly to medical professionals, including doctors and researchers. This explosion of data is expected to drive the market but in order to achieve that, companies must have adequate access to Internet and most of the developing companies are still lagging behind, in terms of robust internet infrastructure systems. However, rapid adoption of the big data and other business intelligence methodologies are likely to ease the process of enormous clinical trials data-flow, mounting from the healthcare industry with the help of eClinical solutions.
Clinical Data Management Systems (CDMS) To Hold The Largest Market Share During Forecast Period
CDMS is fueling the reduction of time required for the clinical research, from drug development to marketing phase, along with the generation of reliable and statistically sound data. The need for faster commercialization of a product, in order to sustain the market competition, is boosting the CDMS market in eClinical solutions. In addition, it is a mandate for companies to submit the data, electronically, to meet the expectations and set standards for data quality. This factor is expected to drive the CDMS market during the forecast period.
Technological advancements, bringing about the gradual shift from the paper-based to the electronic systems of data management and advanced developments on the data analytical front, are positively impacting the CDM process. The systems are being developed to strike a balance between the expectations and constraints in the existing systems, driven by technological developments and business demands. This factor is boosting the market of CDMS, across the globe.
In 2018, North America to Hold the Largest Share in the Market
In 2017, North America, followed by Europe, was the largest regional segment in the global eClinical solutions market. Factors, such as increasing government funding to support clinical trials, the presence of less stringent regulatory guidelines when compared to developed nations, the availability of a large patient base and faster patient recruitment for clinical trials, and increasing number of pharmaceutical companies and CROs, are stimulating the eClinical solutions market growth in the region. The US government is reported to spend more on the healthcare industry than any other nation across the globe; the country spends around USD 10,348 per person, which amounts to nearly 18% of the GDP. The value is about eight percentage points above the average of the industrialized member nations of the Organization for Economic Co-Operation and Development.
The key players in this market include: Oracle Corporation, BioClinicia Inc., PAREXEL International Corporation, OmniComm Systems, Eresearchtechnology, Inc., Datatrak International, Inc., HT Corporation, eClinical Solutions, Inc., Medidata Solutions, Inc., Merge Healthcare Incorporated and CRF Health.
E-Clinical Solutions Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major E-Clinical Solutions Market players in detail. E-Clinical Solutions Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons To Purchase This Report
Purchase Report @ https://www.360researchreports.com/purchase/13100635
The Global demand for E-Clinical Solutions Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
E-Clinical Solutions Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Further, in the E-Clinical Solutions Market research reports, the following points are included along with an in-depth study of each point:
- Production Analysis– Production of the E-Clinical Solutions is analyzed with respect to different regions, types, and applications. Here, price analysis of various E-Clinical Solutions Market key companies is also covered.
- Competitors– In this section, various E-Clinical Solutions industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the E-Clinical Solutions Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
- Supply and Consumption– In continuation with sales, this section studies supply and consumption for the E-Clinical Solutions Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
- Other analyses– Apart from the above-mentioned information, trade and distribution analysis for the E-Clinical Solutions Market, contact information of major manufacturers, suppliers and key consumers are also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
The growth of this market worldwide is subjected to various factors; including consumer world-class E-Clinical Solutions Market of many E-Clinical Solutions Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each and every fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
For More Reports: Click Here