1. business and industrial

E-Clinical Solutions Market (Size of
$2,997 Million in 2014) to Witness 14%
CAGR During 2015 – 2020
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eClinical Solutions Market
The global e-clinical solution market was valued at $2,997.0 million in 2014,
and it is expected to grow with a CAGR of 13.7% during 2015 - 2020. The
global e-clinical solution market is growing, due to increasing number of
clinical trials and increasing spends on clinical research and development in
the pharmaceutical and biotechnology industry. In addition, the growing
clinical trial outsourcing and increasing need for improved data
standardization are also driving the growth of the global market.
Among the various end users, the pharmaceutical and biotechnology
segment is expected to be the largest market; while the clinical research
organizations segment, with a CAGR of 16.1%, is expected to witness the
fastest growth during the forecast period.
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eClinical Solutions Market
The increasing number of clinical trials and growing clinical trial outsourcing
are playing a pivotal role in the growth of the global market. E-clinical
solution in the study refer to software that is used to accelerate the clinical
development process. It comprises of various professional services and
products, such as clinical data management system (CDMS), clinical trial
management system (CTMS), safety solution, electronic clinical outcome
assessment (eCOA) solution, and randomization and trial supply
management (RTSM) solution.
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eClinical Solutions Market
However, the high cost of implementation and less skilled manpower, long
approval time for clinical trials, and lack of high speed broadband facilities
and IT professionals in remote area act as hindrance in the growth of the
global market of e-clinical solution. The increasing numbers of
collaborations and partnerships, product launches and merger and
acquisitions are the latest trends observed in the global market.
In 2014, North America dominated the global market of e-clinical solution,
whereas the Asia-Pacific market is expected to witness the fastest growth,
with a CAGR of 17.9%, during the forecast period.
eClinical Solutions Market
The key companies operating in the global e-clinical solution market include
Oracle Corporation, PAREXEL International Corporation, OmniComm
Systems Inc., ERT, BioClinica, CRF Health Inc., Medidata Solutions, and
DATATRAK International Inc.
eClinical Solutions Market
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