eClinical Solutions Market Report – End user (Pharma & Biotech, Hospitals, CROs), Clinical trial phases and Forecast to 2026

[Gauri Deshpande]

eClinical Solutions Market by Clinical trial phases, Product (CDMS, EDC, CTMS, eCOA, RTSM, ETMF, Analytics, Integration, Safety), Delivery (Web-based, On-demand, On-premise, Cloud), End-user (Pharma & Biotech, Hospitals, CROs) - Global Forecasts to 2026. The increasing operational costs and regulatory requirements associated with clinical research studies and growing R&D expenditure on drug development by pharma-biotech companies are vital driving factors for the global eClinical solutions market. Therefore, eClinical solution market is estimated to reach the highest CAGR of 13.3% and is predicted to go from $8.3billion to $15.4 billion by 2026.

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Key vendors operating in this eClinical solutions market are BioClinica, Inc. (US), Signant Health (US), Datatrak International, Inc. (US), ERT (US), eClinical Solutions, Inc. (US), MaxisIT Inc. (US), Bio-Optronics, Inc. (US), Merge Healthcare Incorporated (US), and OmniComm Systems, Inc. (US), Oracle Corporation (US), Medidata Solutions, Inc. (US), Parexel International Corporation (US).

The eClinical solutions market has been categorized into phase I, phase II, phase III, and phase IV trials, depending on the clinical trial phase. The high demand for eClinical solutions for phase III trials is due to the involvement of thousands of patients in this phase.

Based on end-user, the global eClinical solutions market is segmented into biopharmaceutical, pharmaceutical, consulting service, contract research organizations, medical device manufacturers, hospital, and academic research institutions. The pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the eClinical solutions market in 2020. However, the CROs segment is estimated to record the highest CAGR of 15.5%during the forecasted period. The increasing number of CROs in developed and developing countries and the rising instances of clinical trial outsourcing to specialized clinical research organizations are responsible for the high growth rate of this segment.

Based on delivery mode, the global eClinical solutions market is segmented into web-hosted (on-demand), licensed enterprise (on-premises), and cloud-based (SaaS) solutions. In 2020, the web-hosted (on-demand) segment commanded the largest share of the global eClinical solutions market. The increasing number of cloud-based clinical trial solutions in the market and the rising adoption of these solutions in clinical research studies (owing to advantages such as ease of integration, quicker deployment, and flexible scalability with a fixed monthly fee) is fueling the growth of the cloud-based eClinical solutions market.

North America accounts for the largest share of the eClinical solutions market due to increasing government grants to support clinical trials, new product launches, continuous product development by eClinical solutions vendors, and growth in the partnerships for new drug development foster the demand for eClinical solutions in this region.

The eClinical solutions market research report includes all-inclusive market information that enables businesses and stakeholders to understand the market precisely. The cutting-edge information contained in the report allows firms to understand consumer types, their needs and preferences, their product view, and their reviews on products that are already available in the market. Moreover, the eClinical solutions market research report also provides market development data about lucrative emerging markets.

Reasons to buy the report:

-The research report focuses on key market opportunities, growth factors, revenue forecast, competitive landscape, and market trends.

- The report also provides market size estimation along with CAGR value that allows understanding market economy.

-The research report provides quantitative and qualitative information about current and future market opportunities

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