eClinical Solutions Market

The report "eClinical Solutions Market by Product (CDMS, EDC, CTMS, eCOA, RTSM, eTMF, Safety), Deployment (On premise, Cloud), Application (Collection, Operations, Analytics), Trial Phase, End user (Pharma, Biotech, Med Devices), & Region - Global Forecast to 2029", is projected to reach USD 22.1 billion by 2029 from USD 11.6 billion in 2024, at a high CAGR of 13.7% during the forecast period.

Browse 317 market data Tables and 54 Figures spread through 244 Pages and in-depth TOC on "eClinical Solutions Market by Product (CDMS, EDC, CTMS, eCOA, RTSM, eTMF, Safety), Deployment (On premise, Cloud), Application (Collection, Operations, Analytics), Trial Phase, End user (Pharma, Biotech, Med Devices), & Region - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/eclinical-solutions-market-553.html

The eClinical solutions market is primarily driven by several key factors, such as the use of technology, which helps remove repetitive tasks that individual team members have to do during the course of a clinical trial. Other drivers entail the increasing need to reduce time and cost burdens on clinical trials, stringent regulatory requirements makes it important for data management to follow all compliance measures which can easily be done by eClinical solutions; increasing adoption of cloud-based technologies offers scalability, flexibility, and cost-efficiency in managing large volumes of clinical trial data securely. However, factors such as integrating eClinical solutions with existing healthcare IT infrastructure can be challenging, requiring technical expertise and potentially causing compatibility issues, high upfront cost associated with implementing and maintaining these complex systems are expected to restrain market growth to some extent.

“The largest share in the eClinical solutions market, based on product, was attributed to the electronic data capture & clinical data management solutions segment in 2023.”

In 2023, the electronic data capture & clinical data management solutions segment accounted for a sizable part of the eClinical solutions market by product. This segment is expected to have the fastest growth rate during the projection period. The considerable proportion can be ascribed to the increasing complexity and volume of clinical studies, which necessitate rapid and accurate data acquisition and management. Furthermore, the increasing acceptance of these technologies is motivated by their ability to drastically shorten clinical trial schedules, cut costs, and enhance overall trial efficiency, making them indispensable in the modern clinical research landscape.

“By clinical trial phase, the phase III segment held the largest market share of eClinical solutions market in 2023 .”

In 2023, the phase III segment accounted for the greatest proportion of the eClinical solutions market. This growth is caused by the participation of large patient populations (thousands) throughout this time period. Phase III studies are the most expensive, time-consuming, and difficult to complete, particularly for chronic medical conditions. It requires maintaining bulky documents that contain in-depth details of method and study results. Ease in conducting complex phase III clinical studies and making it more effective and manageable with the application of eClinical solutions makes this practice likely to boost market growth in the coming years.

“North America accounted for the largest share of the eClinical solutions market in 2023.”

The eClinical solutions market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

In 2023, North America held the largest share of the market, followed by Europe and the Asia Pacific. This intensity in North America can be due to several factors such as owning to an advance and expensive healthcare infrastructure, investment in R&D, and the presence of major pharmaceutical and biotechnology companies. Besides, the multiple eClinical providers in the region also contribute to the market growth.

Asia-Pacific market was the fastest growing market, however, the growth was backed by the emerging pharmaceutical companies, clinical trial activity and increased healthcare expenditure in countries such as China and India.

Key Market Players:

The key players functioning in the eClinical solutions market include Medidata (A Dassault Systèmes Company) (France), Veeva Systems (US), IQVIA Inc. (US), ICON plc (Ireland), Oracle (US), Signant Health (US), Clario (US), and eClinical Solutions (US).

Don’t miss out on business opportunities in eClinical Solutions Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]