eClinical Solutions Market

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eClinical Solutions Market
From USD 5.7 billion in 2019, the global
eClinical solutions market is predicted to grow
to USD 13.4 billion by 2025, registering a CAGR
of 14.0 during the forecast period (2020
2025). The global market size of eClinical
solutions contributes mainly to various types of
solutions such as electronic data capture (EDC)
and clinical data management system (CDMS),
clinical trial management system (CTMS),
clinical analytics systems, and randomization and
trial supply management.
By type, during the forecast period, electronic
clinical outcome assessment solutions category,
would witness fastest growth in the global
eClinical systems market due to the growing need
for electronic diaries in clinical studies, and
the usage of mobile and digital technologies. By
Delivery Mode, during the forecast period,
cloud-based category, would witness fastest
growth in the global eClinical systems market. By
end user, contract research organization is
expected to grow at the fastest rate during the
forecast period, globally.
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The main drivers driving the growth of the global
market for eClinical solutions are the growing
number of clinical trials, increasing outsourcing
of clinical trials, the implementation of
digital applications during clinical trials,
rising demand for better data standardisation,
expanding government grants to fund clinical
testing, increasing demand for data processing
and tracking and expanding research. In February
2018, OmniComm Systems, Inc. acquired Algorics,
to enhance its product portfolio in a clinical
analytics solution. Competitive Insights The
major players in the global eClinical solutions
market are Oracle Corporation, PAREXEL
International Corporation Medidata Solutions,
Inc., DATATRAK International, Inc., eClinical
Solutions, Inc., Bio-Optronics, Inc., ERT,
MaxisIT Inc., and OmniComm Systems, Inc.
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