E-Clinical Trials Market Growth Driven by Rising R&D Spending by Pharma-Biotech Companies for Innovative Drug Development: Radiant Insights, Inc.

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Radiant Insights, Inc.

11 Sep, 2018, 09:45 GMT

SAN FRANCISCO, September 11, 2018 /PRNewswire/ --

Global E-clinical Trials Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. E-clinical Trials is termed as a trial automation technology used to derive the electronic applications that are used in clinical research like ePRO, EDC (Electronic Data Capture), IWR systems, electronic patient diaries, and IVR systems. The term is often used by biopharmaceutical and pharmaceutical industry. The eClinical delivers to achieve effective trials with quality data and shorter timelines, with abridged costs. Rising R&D spending by pharma-biotech companies for innovative drug development, growing governing requirements associated with research and operational cost, and government initiative to support clinical trials are documented as major factors of E-clinical Trials Market that are estimated to enhance the growth in the years to come. However, lack of awareness regarding e-clinical solutions and low adoption rate by certain economies is the factors that may restrain overall market in the coming years. E-clinical Trials Market is segmented based on product type, end users, and region.

Product types such as Randomization and Trial Supply Management (RTSM) Solutions, Regulatory Information Management Solutions (RIMS), Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Electronic Trail Master Files (eTMF), Clinical Trial Management Systems (CTMS), Electronic Clinical Outcome Assessment (eCOA), and others classify E-clinical Trials Market. End users such as Academic Research Institutions, Pharmaceutical and Biopharmaceutical Companies, Hospitals, Contract Research Organizations, Medical Device Manufacturers, Consulting Service Companies, and others classify E-clinical Trials Market. E-clinical Trials Market is segmented geographically into Americas (North America, South America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounted for the substantial market share of e-clinical Trials Market and is estimated to lead the overall market in the coming years. The United States and Canada are the major consumers of E-clinical Trials in the region. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share.

However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise support from biopharmaceutical and large pharmaceutical organizations to emerging countries, government initiative by funding to help clinical research, rapid patient recruitment for clinical trials, and existence of large patient pool. The developing countries like India and China are the major consumers of E-clinical Trials in this region. The key players of E-clinical Trials Market are Clincase, Acceliant, Ecrfplus, ActiGraph, EClinical Solutions, eClinicalWorks, Perceptive Informatics, IntrinsiQ Specialty Solutions, Symphony Clinical Research, LMK Clinical Research Consulting, Parallel6, Lucidworks, and Medrio. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Access 103 page research report with TOC on "e-clinical Trials Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-e-clinical-trials-market-size-status-and-forecast-2025

This report studies the global e-clinical Trials market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global e-clinical Trials market by companies, region, type and end-use industry.

This report focuses on the global top players, covered 

  • Acceliant
  • ActiGraph
  • eClinicalWorks
  • IntrinsiQ Specialty Solutions
  • LMK Clinical Research Consulting
  • Lucidworks
  • Medrio
  • Parallel6
  • Symphony Clinical Research
  • Perceptive Informatics
  • EClinical Solutions
  • Ecrfplus
  • Clincase

Market segment by Regions/Countries, this report covers 

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

Market segment by Type, the product can be split into 

  • Clinical Data Management System (CDMS) Solutions
  • Clinical Trial Management System (CTMS) Solutions
  • Electronic Clinical Outcomes Assessment (eCOA) Solutions
  • Randomization and Trial Supply Management (RTSM) Solutions
  • Other

Market segment by Application, e-clinical Trials can be split into 

  • Medical Laboratory
  • Hospital
  • Pharmaceutical Company
  • Other

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