This research study involved the extensive use of both primary and secondary sources. It involved the analysis of various factors affecting the industry to identify the segmentation types, industry trends, key players, the competitive landscape of market players, and key market dynamics such as drivers, opportunities, challenges, restraints, and key player strategies.
Secondary Research
This research study extensively utilized secondary sources, including directories, databases such as Dun & Bradstreet, Bloomberg Businessweek, and Factiva, as well as white papers, annual reports, and companies' house documents. The aim of the secondary research was to gather and analyze information for a comprehensive and commercially focused study of the eClinical solutions market, encompassing technical aspects and market dynamics. It also facilitated the identification of key players, market classification, industry trends, geographical markets, and significant market-related developments. Additionally, a database of prominent industry leaders was compiled through secondary research.
Primary Research
In the primary research process, various supply-side and demand-side sources were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, engineers, and related key executives from various companies and organizations operating in the eClinical solutions market. Primary sources from the demand side included personnel from pharmaceutical & biotechnology companies, government organizations, research institutes and hospitals (small, medium-sized, and large hospitals).
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, and product managers.
Note: Tiers are defined based on a company’s total revenue, as of 2022: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.
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Market Size Estimation
The total size of the eClinical solutions market was determined after data triangulation through the two approaches mentioned below. After the completion of each approach, the weighted average of these approaches was taken based on the level of assumptions used in each approach.
Global eClinical Solutions Market Size: Top-Down Approach
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Global eClinical Solutions Market Size: Bottom-Up Approach
Data Triangulation
The size of the eClinical solutions market was estimated through segmental extrapolation using the bottom-up approach. The methodology used is as given below: -
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Revenues for individual companies were gathered from public sources and databases.
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Shares of leading players in the eClinical solutions market were gathered from secondary sources to the extent available. In certain cases, shares of eClinical solutions businesses have been ascertained after a detailed analysis of various parameters including product portfolios, market positioning, selling price, and geographic reach & strength.
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Individual shares or revenue estimates were validated through interviews with experts.
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The total revenue in the eClinical solutions market was determined by extrapolating the market share data of major companies.
Market Definition
eclinical solutions are the software/platform that changes the paper-based clinical research model into an electronic form. Such technologies help the researcher in facilitating the process of data collection, its transmission, and surveillance of the clinical trial process and provide enhanced options for better planning and execution of a clinical trial. eClinical technologies fast-track the study by reducing the risk and maximizing resources.
Key Stakeholders
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Healthcare IT Service Providers
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eClinical Solution Vendors
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Clinical Research Organizations
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Pharmaceutical/Biopharmaceutical Companies
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Research and Development (R&D) Companies
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Business Research and Consulting Service Providers
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Medical Research Laboratories
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Government agencies
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Healthcare startups, consultants, and regulators
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Academic Medical Centers/Universities/Hospitals
Objectives of the Study
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To define, describe, and forecast the eClinical solutions market based on product, deployment model, application, clinical trial phase, end user, and region
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To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
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To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall eClinical solutions market
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To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, the Asia Pacific, Latin America, the Middle East & Africa.
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To profile the key players and analyze their market shares and core competencies2
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To track and analyze competitive developments such as product launches & approvals, partnerships, agreements, and collaborations in the overall eClinical solutions market
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To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
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Further breakdown of the Rest of Asia Pacific eClinical solutions market into Australia, Taiwan, New Zealand, Thailand, Singapore, Malaysia, and other countries
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Further breakdown of the Rest of Europe eClinical solutions market into Russia, Austria, Finland, Sweden, Turkey, Norway, Poland, Portugal, Romania, Denmark, and other countries
Jonathan
Mar, 2022
Looking to gain more insights on the global eClinical Solutions Market.
Stephen
Mar, 2022
What are the growth opportunities in eClinical Solutions Market?.
Larry
Mar, 2022
Can you enlighten us on geographical growth analysis in eClinical Solutions Market?.