Global E-Clinical Solution Software Market size was valued at $3.9 billion in 2016 and expected to reach $10.6 billion by 2024, growing at a CAGR of 13.4% from 2016 to 2024.
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Rise in need for data standardization to drive the adoption of e-clinical solution software
Global e-clinical solution software market trends are high spending on R&D, surge in number of outsourcing of clinical trials, growing commonness chronic disease, and increase in need for data standardization. Though, lack of expertise and high price of execution and may hamper the market growth. Moreover, advancement in technology, and emerging markets would provide growth opportunities for the e-clinical solution software market industry during forecast period.
Market Segmentations
The global e-clinical solution software market is classified into product, mode of delivery, end-user, and geography. Mode of delivery is further segmented into web based e-clinical solution software, enterprise licensed, and cloud based e-clinical solution software. Product segment comprises clinical data management, clinical trial management system, safety solution, randomization, electronics clinical outcome assessment solution, and trail supply management, and other products. Additionally, clinical research organization, pharmaceuticals, and healthcare providers are the key end users. North America, Europe, Asia-Pacific and Rest of the World (RoW) are key regions of global market.
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Web based e-clinical solution software held the highest market share in 2016
Web based e-clinical solution software accounted the largest market share in 2016, and expected to remain the highest from 2016 to 2024.
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North America e-clinical solution software market dominated the global market
North America accounted for the highest market share in 2016. Asia-Pacific is expected to grow at a fastest CAGR over the forecast period 2016 – 2024. The growth is attributed to improving healthcare infrastructure, and adoption of advanced technologies.
Competitive Landscape
The major companies in the market are Bio-Optronics, Inc., Medidata Solutions, Inc., eClinical Solutions, Inc., OmniComm Systems, CRF Health Inc., Oracle Corpora
tion, PAREXEL International Corporation, DATATRAK International, Inc., ERT, and BioClinica Inc., among others.
Scope of the Global E-Clinical Solution Software Market
Product Segments
• Clinical Data Management
• Clinical Trial Management System
• Electronics Clinical Outcome Assessment Solution
• Randomization and Trial Supply Management
• Safety Solution
• Other Products
Mode of delivery Segments
• Web Based E-Clinical Solution Software
• Enterprise Licensed
• Cloud Based E-Clinical Solution Software
End-User Segments
• Pharmaceuticals
• Clinical Research Organization
• Healthcare Providers
Geography Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Other
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa
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