Global Electronic Clinical Outcome Assessment (eCOA) Market Growing By Increasing Market Share And Forecast 2027 With Top Key Players Parexel International Corporation; IBM Corporation; eClinical Solutions LLC; Omnicomm Systems
Pune, Maharashtra, India, June 30 2020 (Wiredrelease) Data Bridge Market Research — Electronic Clinical Outcome Assessment (eCOA) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.5% in the forecast period of 2020 to 2027 and expected to reach USD 2,630.26 million by 2027. Increasing digitization in the healthcare industry and demand for higher efficiency in data capturing in clinical trials is a driving factor for the market growth.
Few of the major competitors currently working in the global electronic clinical outcome assessment (eCOA) market are Oracle; Medidata Solutions; Parexel International Corporation; IBM Corporation; eClinical Solutions LLC; Omnicomm Systems; Kayentis; Signant Health; ERT Clinical; Bioclinica; YPrime LLC; WIRB-Copernicus Group; Castor EDC among others.
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Electronic Clinical Outcome Assessment (eCOA) market report is offered to the business with a comprehensive overview of the market, covering various aspects such as product definition, market segmentation based on various parameters, and the customary vendor landscape. This market analysis report conveys the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2020 – 2027. It also studies the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with the help of SWOT analysis and Porter’s Five Forces Analysis.
Key Developments in the Market:
In June 2019, Signant Health formulated from the merger of CRF Bracket and CRF Health was officially launched. Combining the service offerings relating to eCOA, eConsent, Clinical Supplies, IRT, Patient Engagement and Endpoint Quality; Signant Health will be able to offer one of the broadest clinical suites commercially available. The company will be focused on gaining greater expertise and innovate their services to include the latest solutions for their customers
In June 2018, Omnicomm Systems announced that they had established a partnership with Kayentis for provision of Omnicomm’s “TrialMaster” combined with Kayentis’ “Clin’form” and “eCOA Solution”. This partnership will help provide consumers with a combined platform as the consumers had individually adopted both the solutions for their clinical trial needs
Increasing availability and preference for various wearable and handheld medical devices that can provide clinical information and assessment; this factor is expected to boost the growth of the market
Increasing prevalence and utilization of cloud-based service offerings is expected to propel the growth of the market
Rising levels of innovations and technological advancements in the market for these solutions acts as a market driver
Enhanced need for maintaining better levels of security and quality of clinical trials and associated clinical data will also boost the market growth
Large levels of financial costs associated with the deployment and utilization of these systems; this factor is expected to hinder the growth of the market
Complications in the integration and operations of these solutions due to the various regulatory presence of authorities across the industry; this factor is expected to restrict the market growth
Table of Contents:
Middle East & Africa
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Segmentation: Global Electronic Clinical Outcome Assessment (eCOA) Market
Pharma & Biotech Organizations
Medical Device Manufacturers
Middle East and Africa
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