The e-clinical solution market is expected to continue growing in the coming years, driven by the increasing adoption of electronic clinical solutions in the healthcare industry. E-clinical solutions are software systems and tools that are used to support clinical research and development activities, such as clinical trial management, data management, and regulatory compliance.
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The increasing demand for cost-effective and efficient clinical research and development, coupled with the growing adoption of electronic health records (EHRs) and the increasing use of electronic data capture (EDC) systems, is expected to drive the growth of the e-clinical solution market.
Companies
- Oracle Corporation.
- Merge Healthcare Incorporated.
- Medidata Solutions Inc.
- PAREXEL International Corporation.
- OmniComm Systems Inc.
- PHT Corporation.
- DATATRAK International Inc.
- CRF Health Inc.
- Other
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Some of the key players in the e-clinical solution market include Oracle, Medidata Solutions, Parexel International, and Clinical Solutions Group. These companies offer a variety of e-clinical solutions, including clinical trial management systems, data management solutions, and regulatory compliance tools.
Overall, the e-clinical solution market is expected to show steady growth in the coming years, as more healthcare organizations adopt electronic clinical solutions to improve the efficiency and effectiveness of their clinical research and development activities.
Regional Analysis
On the basis of region, the global e-clinical solution software market is segmented into four key regions North America, Asia, Europe and Rest of the world (RoW). In addition, North America is the largest market for e-clinical solution software. The region is anticipated to expand at 12.6% CAGR over the forecast period to reach US$ 3,622.5 Mn by 2020. In Asia, the market is expected to grow the fastest during 2014 to 2020. Factor such as increasing awareness on healthcare, vast pool of consumers and arriving outsourced clinical trial projects from overseas, especially in countries such as China and India are expected to drive the e-clinical solution software market in the region. The market in North Africa and Middle East is growing due to higher incidence of genetic disorders and lifestyle-associated diseases in the respective regions.
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Table of Content
Chapter 1. Preface 12
1.1. Report Description 12
1.2. Research Methodology 13
1.3. Assumptions 13
Chapter 2. Market Synopsis 14
Chapter 3. Porter’s Five Forces Analysis 16
3.1. Bargaining Power of Suppliers 16
3.2. Bargaining Power of Buyers 17
3.3. Threat of New Entrants 17
3.4. Threat of Substitutes 17
3.5. Intensity of Rivalry 17
Chapter 4. Industry Overview 18
4.1. Market Definition 18
4.2. Market Drivers 20
4.2.1. Increasing number of clinical trials 21
4.2.2. Rising spending on clinical research and development in the pharmaceutical industry 22
4.2.3. Growing clinical trial outsourcing 23
4.2.4. Rising need for improved data standardization and reducing the time consumed during clinical trial process 23
4.3. Impact Analysis of Market Drivers 24
4.4. Market Restraints 25
4.4.1. High costs of implementation and lack of skilled manpower 25
4.4.2. Lack of high-speed broadband facilities and IT professionals in remote areas 25
4.4.3. Long approval times for clinical trials 26
4.5. Impact Analysis of Market Restraints 27
4.6. Market Trends 27
4.6.1. Rising number of collaborations and partnerships 27
4.6.2. Increasing number of mergers and acquisitions 28
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