EClinical Solutions Market To Reach Beyond US$ 8.5 Billion By 2025 - Coherent Market Insights

SEATTLE - March 31, 2021 - PRLog -- The Global eClinical Solutions Market, by Deployment (Web-based, Cloud-based, and Licensed Enterprise), by Product Type (Electronic Data Capture, Electronic Clinical Outcome Assessment, Clinical Data Management System, Clinical Trial Management System, Clinical Analytics Platform, Randomization and Trial Supply Management, Electronic Trial Master File, and Others), by End User (Pharmaceutical and Biopharmaceutical Companies, Hospitals, Consulting Servicing Companies, Research Organizations, and Medical device Manufacturers).

Increasing R&D by biotechnology and pharmaceutical companies is expected to drive growth of the market Pharmaceutical and medical device companies face a number of challenges to commercialize existing and developing new products, such as patent expiry, competitive pricing pressure, and rising regulatory burden imposed due to increasing clinical trial complexity, development costs, and data volumes. The risks and costs associated with developing new treatments, mainly related to drug trials continue to increase.

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Browse 45 Market Data Tables and 30 Figures spread through 200 Pages and in-depth TOC on "eClinical Solutions Market, by Deployment (Web-based, Cloud-based, and Licensed Enterprise), by Product (Electronic Data Capture, Electronic Clinical Outcome Assessment, Clinical Data Management System, Clinical Trial Management System, Clinical Analytics Platform, Randomization and Trial Supply Management,

Key industry players operating the eClinical solutions market include BioClinica Inc., CRF Health, DATATRAK International Inc., eClinical Solutions Inc., MaxisIT Inc., Medidata Solutions Inc., Merge Healthcare Inc., OmniComm Systems Inc., Oracle Co., and PAREXEL International Co. Major industry players are adopting strategies such as product enhancement, partnerships, and agreements for new product development strategies to sustain and progress in eClinical solutions market.

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Key Takeaways of the eClinical Solutions Market:

The global eClinical solutions market is expected to exhibit a CAGR of 11.2% over the forecast period, owing to growing adoption of software solutions during clinical research and rising government funding to support clinical trials.

Among end users, pharmaceutical and biopharmaceutical companies segment holds a dominant position in the eClinical solutions market, owing to increasing usage of software for drug development

Key players operating in the global eClinical Solutions software market include BioClinica Inc., CRF Health, DATATRAK International Inc., eClinical Solutions Inc., MaxisIT Inc., Medidata Solutions Inc., Merge Healthcare Inc., OmniComm Systems Inc., Oracle Co., and PAREXEL International Co.

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