The introduction of e-clinical solutions to the global market was aimed at increasing the efficiency and cost effectiveness of the whole drug development process, in particular during the clinical phases. Previously, clinical testing of new drugs was a complex, lengthy and expensive process, but through e-clinical solutions, clinical data can be efficiently and securely transferred among providers at a much lower cost. This shift in technology has revolutionized the entire clinical trial industry. The e-clinical solution market is witnessing rapid expansion due to increasing amount of R&D investments in pharmaceuticals and growing number of clinical trials and it is estimated to grow at a CAGR of around 15% during 2015-2020.
In the report “Global E-Clinical Solutions Market Outlook 2020”, RNCOS’ analysts have identified and described the market dynamics in important segments thus clearly highlighting the areas offering promising growth potentials for companies to boost their expansion. On studying the market thoroughly, we observed that the trends like increasing number of clinical trials, rising investment into clinical research and development, and technological advancements raising the affordability of clinical testing are propelling the demand for e-clinical solutions worldwide. Our study also revealed that although North America and Europe hold the maximum share in the international front, a spurring demand in the Asia-Pacific region is driving the global e-clinical solutions market further.
In the report, the market size has been studied in two major segments, by application and by services. Our analysis deciphers that e-clinical applications like CTMS, CDMS, ECOA and RTSM are the major driving forces behind the growth of the e-clinical solution industry. The report also discusses about the growth potential of end-users’ market that includes pharmaceutical, CROs and healthcare service providers. It provides a vivid description of the mode of delivery of e-clinical software solutions that is based on web-hosted, on-premise and cloud based methods.
Expectedly, the report will help clients to analyze the leading-edge opportunities critical to the success of the e-clinical software solution industry. In addition, the report includes an in-depth regional analysis of the major e-clinical software solution markets such as in North America, Europe and the Asia-Pacific. Also, a thorough analysis has been conducted on industry players that will help clients to develop an understanding of the competitors in the e-clinical solutions market. Overall, the report is likely to provide clients with an optimum source of knowledge and statistics related to global e-clinical solutions market.