eClinical Solutions Market Insights 2020: Top Impacting Factors, Growth Analysis and Industry Predictions

Pune, Maharashtra, India, February 25 2021 (Wiredrelease) Allied Analytics –:eClinical solutions manage the clinical technologies and expertise to facilitate the acceleration of clinical development process. The demand for eClinical solutions is on a rise with the increase in clinical trials in the pharmaceutical and biotechnology industries. There is a significant trend of outsourcing of eClinical solutions in emerging countries such Korea, Taiwan, and India due to large patient pool and low operating cost in these countries.

The global market size of eClinical Solutions is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

The global eClinical solutions market is expected to witness significant growth during the forecast period due to factors such as increase in clinical trials by the pharmaceutical and biotechnology companies, focus on R&D activities to develop innovative eClinical solutions, and grants from the government to substantiate the clinical trials.

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he eClinical solutions market is segmented based on product, mode of delivery, clinical trial phase, end user, and geography.

Based on product, the market is divided into CDMS, EDC, CTMS, eCOA, analytics, RTMS, eTMF, and safety. Based on mode of delivery, it is segmented into web hosted, on-premise, and cloud-based. The market is also classified based on the clinical trial phases. Based on the end-user the market is segmented into pharmaceutical/biopharma companies, CROs, and hospitals. The market is analyzed based on four geographical regions, which include North America, Europe, Asia-Pacific, and LAMEA.

The Major Key Players Are:

Oracle Corporation, Parexel International Corporation, Medidata Solution, Inc., BioClinica, DataTrak International, Inc., CRF Health, and others.

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Key Benefits for Stakeholders:

•    This report provides an extensive analysis of the current and emerging market trends and dynamics in the global eClinical solutions market.
•    Comprehensive analysis of geographical regions is provided to determine the prevailing opportunities in the global market.
•    This study provides the competitive landscape of the global market to predict the competitive environment across geographies.
•    This report entails the detailed quantitative analysis of the current market and estimations from 2020 to 2027 to identify the prevailing opportunities.
•    Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
•    Market conditions are comprehensively analyzed in the report to understand the regional trends and dynamics.

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