The e-clinical solution market refers to the use of electronic technologies and software solutions to manage clinical trials and related data. E-clinical solutions include electronic data capture (EDC) systems, clinical trial management systems (CTMS), clinical data management systems (CDMS), and safety and pharmacovigilance systems. The market for e-clinical solutions has been growing rapidly due to the increasing complexity of clinical trials, rising demand for data analytics, and regulatory requirements for electronic data capture.
The demand for e-clinical solutions is expected to continue growing due to increasing adoption of electronic health records, rising prevalence of chronic diseases, and the need for more efficient clinical trial management.
The e-clinical solution market is segmented by product, delivery mode, clinical trial phase, end user, and region. The two main types of delivery modes for e-clinical solutions are cloud-based and on-premise. The market is also segmented by clinical trial phase, with the largest segments being phase III and phase IV trials.
The major players in the e-clinical solution market include Oracle Corporation, Medidata Solutions, Inc., PAREXEL International Corporation, and Bioclinica. Other notable companies in the market include IBM Watson Health, DATATRAK International, Inc., and ERT Clinical. The market is highly competitive, with companies investing in research and development to improve functionality, integrate with other clinical trial solutions, and expand their product portfolios.
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