Global eClinical Solutions Market to Grow at 10.8% During 2024-2032, Bolstered by Significant Growth in Biopharmaceuticals Industry

October 04, 2021 | Healthcare

The latest report by IMARC Group, titled “eClinical Solutions Market Report by Product (eCOA, EDC and CDMS, Clinical Data Integration Platforms, Safety Solutions, CTMS, RTSM, eTMF, Clinical Analytics Platforms), Delivery Mode (Web-hosted (On-demand), Licensed Enterprise (On-premises), Cloud-based), Development Phase (Phase I, Phase II, Phase III, Phase IV), End Use (Hospitals, Contract Research Organization, Academic Institutes, Pharma and Biotech Organizations, and Others), and Region 2024-2032,” finds that the global eClinical solutions market reached a value of US$ 10.1 Billion in 2023. eClinical solutions refer to the combination of clinical technology and expertise that facilitates the acceleration of the clinical development process. The system uses data management and data scrutiny programs to automate and conduct clinical trials and record real-time data throughout the process. These solutions help researchers in end-to-end clinical research procedures while providing solutions through appropriate management of lengthy clinical research processes. It functions along with web-based applications that are installed on-premises or deployed through cloud-based platforms.

Global eClinical Solutions Market Trends:

The market is primarily driven by the growth in the biopharmaceutical industry and increasing research and development (R&D) activities undertaken by biopharmaceutical industries. These organizations utilize eClinical solutions to seek regulatory approvals for newly developed medicines and drugs. As a result, governments of various countries are also offering grants to substantiate trials and widen the end user base for the market. Along with this, the presence of a stringent regulatory structure for trials and the need for safety monitoring is encouraging the adoption of these solutions worldwide. Moreover, there has been rapid adoption of eClinical solutions owing to the growing integration of the Internet of Things (IoT) with medical devices. In addition, the rising trend of outsourcing clinical trials to contract research organizations (CROs), the increasing number of CROs and life science organizations and the development of cost-effective modules are some of the other factors fueling the market growth. Looking forward, the market is expected to grow at a CAGR of 10.8% during the forecast period (2024-2032).

Market Summary:

Based on the product, the market has been segmented into eCOA, EDC and CDMS, clinical data integration platforms, safety solutions, CTMS, RTSM, eTMF, and clinical analytics platforms.
On the basis of the delivery mode, the market has been classified into web-hosted (on-demand), licensed enterprise (on-premises), and cloud-based.
The market has been categorized based on the development phase into phase I, II, III, and IV.
On the basis of the end use, the market has been segregated into hospitals, contract research organizations, academic institutes, pharma and biotech organizations, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Anju Software Inc., Clario, Fountayn, eClinical Solutions LLC, eClinicalWorks, Oracle Corporation, PAREXEL International Corporation and Signant Health.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product, Delivery Mode, Development Phase, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Anju Software Inc., Clario, Fountayn, eClinical Solutions LLC, eClinicalWorks, Oracle Corporation, PAREXEL International Corporation and Signant Health
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global eClinical Solutions Market to Grow at 10.8% During 2024-2032, Bolstered by Significant Growth in Biopharmaceuticals Industry

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