DUBLIN, April 4, 2014 /PRNewswire/ --
Research and
Markets (http://www.researchandmarkets.com/research/ndmgw7/eclinical)
has announced the addition of the "eClinical Solutions Market
by Products, Services, Buyers & Delivery Modes - Global
Forecast to 2018" report to their offering.
(Logo:
http://photos.prnewswire.com/prnh/20130307/600769 )
The global eClinical solutions market is estimated to grow at a
CAGR of 13.5% and is expected to reach -$5
billion by 2018. Compared to matured markets, the
Asia-Pacific region is expected to
grow at the highest CAGR of 19.5%.
The growth of the eClinical solutions market is primarily
triggered by factors such as, growth in the number of clinical
trials, increasing government pressure to reduce the cost and time
spent on clinical trials, government funding for conducting
clinical research, and significant investment on research and
development by pharmaceutical and biopharmaceutical companies for
drug development. However, factors such as high cost of
implementation of eClinical systems and scarcity of a skilled
workforce for conducting clinical trials are restraining the growth
of the eClinical solutions market.
In this market, various factors such as the increasing adoption
of cloud computing technology for delivering eClinical solutions
and rapid growth in clinical trial outsourcing to CROs (clinical
research organizations) based in developing countries such as
China, South Korea, and India are presenting new growth opportunities
for eClinical solution vendors. Moreover, companies are
increasingly adopting the strategy of integrating two or more
eClinical systems, to strengthen their footprint in the global
eClinical solutions market.
In this report, the global eClinical solutions market is broadly
segmented into two categories, namely, products and professional
services. The products market is further classified into clinical
data management systems (CDMS)/electronic data capture (EDC),
clinical trial management systems (CTMS), electronic clinical
outcome assessment (eCOA), randomization and trial supply
management (RTSM), safety solutions, and others. The others segment
includes core lab integration systems, regulatory information
management services, and coding systems.
The professional services segment includes implementation
services, training, support services, and consulting. The products
market held the largest share of the global eClinical solutions
market and is poised to grow at a CAGR of 13.8% in the forecast
period. Factors such as the growing need for data standardization
to meet regulatory requirements, rising demand for site and data
collection solutions, launch of new eClinical systems, and
increasing acceptance of ePRO (electronic patient reported outcome)
solutions (due to better work efficiency) are stimulating the
growth of the eClinical products market.
North America (comprising the
U.S., Canada, and Mexico) commanded the largest share of -60.1%
of the global eClinical solutions market, followed by Europe (26.4%). A number of factors such as
the presence of a well-developed infrastructure, large number of
eClinical solution vendors as well as pharmaceutical and
biopharmaceutical companies, and favorable reimbursement scenario
are driving the growth of the eClinical solutions market in North
America.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 eClincal Solutions Market, By Product
5 eClincal Solutions Market, By Professional Services
6 Global eClincal Solutions Market, By Type Of Buyer
7 eClincal Solutions Market, By Delivery Mode
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
Companies Mentioned:
- Bioclinica, Inc.
- CRF Health
- Datatrak International, Inc.
- Eresearch Technology, Inc.
- Medidata Solutions, Inc.
- Merge Healthcare Incorporated
- Omnicomm Systems, Inc.
- Oracle Corporation
- PHT Corporation
- Parexel International Corp.
For more information
visit http://www.researchandmarkets.com/research/ndmgw7/eclinical
Media Contact: Laura Wood, +353-1-481-1716,
press@researchandmarkets.net