Published: Aug, 2018

The global e-clinical solution software market is witnessing a high degree of competition as the companies are making constant efforts in research and development activities, as analyzed by Transparency Market Research (TMR). The companies are making high investments in clinical research made in pharmaceuticals and life sciences industries. Furthermore, strategic acquisitions and collaborative developments are largely adopted by the leading companies.  Some of the key players in the market are PHT Corp., OmniComm Systems Inc., Merge Healthcare Inc., ERT, PAREXEL International Corp., CRF Health Inc., BioClinica, Medidata Solutions Inc., Oracle Corporation and DATATRAK International Inc. Companies are focusing in investing in emerging economies especially in India and China to gain a substantial share by outsourcing the clinical operations.

According to TMR, the global e-clinical solution software market is expected to reach US$ 6.51 bn by the end of the forecast period in 2020. The market is estimated to expand at a CAGR of 13.8% during the forecast period from 2014 to 2020. On the basis of end user, the pharmaceuticals industry is expected to emerge as the leading segment due to the rising adoption for e-clinical solutions software. In addition, chemical research organizations (CROs) are also expected to rise at a dominating pace during the same course of period. As per the regional study, North America is leading the market and is expected to reach US$ 3.62 bn by the end of 2020. Meanwhile, Asia Pacific is also considered as lucrative option because companies are expanding their business for e-clinical solution software in that region.

Centralization of Healthcare Data to increase the Demand for E-Clinical Solution Software Market

The global market for e-clinical solution software is expected to witness high growth due to high demand for e-clinical solution software on web-based model as a reason for increasing popularity for cloud based solution. Increasing demand for data standardization and reduced time taken in clinical trial process have also boosted the market for e-clinical solution software. Moreover, the medical data and results can be shared across the globe through a centralized healthcare platform, which is considered as a major factor propelling the demand for e-clinical solution software market. Rising expenditure on clinical research and development in pharmaceutical industry and growing clinical trial outsourcing will also boost the market.

Insufficiency of Appropriate Surrounding To Act as a Hindrance

The fierce competition among the players in e-clinical solution software market have led in reduction of prices of several e-clinical solutions. The price reduction is beneficial for the several players, as it will help them in tapping the growing opportunity in the emerging nations.  Moreover, high cost of implementation and less availability of skilled manpower is projected to restrict the market from growing at its full potential. Insufficiency of high-speed broadband and limited presence of IT professional in remote areas is also predicted to restrict the growth of e-clinical solution software market.  However, increasing efforts for clinical research organizations and raising pressure on pharmaceutical companies to reduce operational cost will boost the market.

The information presented in this review is based on a TMR report, titled “E-Clinical Solution Software Market (Mode of Delivery - Licensed Enterprise, Cloud-Based, and Web-Based e-Clinical Solution Software; Product - Electronic Clinical Outcome Assessment, Clinical Data Management, Trial Supply Management, Clinical Trial Management, Randomization, and Safety Software Solutions; End User - Chemical Research Organizations, Healthcare Providers, and Pharmaceutical) - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2014–2020.”

The Global E-Clinical Solution Software Market is segmented based on:

Global E-Clinical Solution Software Market: Mode of Delivery

  • Licensed Enterprise
  • Cloud-Based
  • Web-Based

Global E-Clinical Solution Software Market: Product

  • Electronic Clinical Outcome Assessment
  • Clinical Data Management
  • Trial Supply Management
  • Clinical Trial Management
  • Randomization
  • Safety Software Solutions

Global E-Clinical Solution Software Market: End User

  • Chemical Research Organizations
  • Healthcare Providers
  • Pharmaceutical

Global E-Clinical Solution Software Market: Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Japan
    • Rest Of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com  
Website: https://www.transparencymarketresearch.com 

.