12 Feb 2021
The electronic data capture (EDC) and clinical data management system (CDMS) segment accounted for the largest share of the global eClinical solutions market in 2016. The electronic clinical outcome assessment segment is expected to achieve the highest CAGR during the forecast period. The increasing demand for e Diaries in clinical studies to collect patient self-reports by major pharmaceutical companies and the use of mobile and digital technologies are driving the growth of this market segment. Emerging markets including China, South Korea, Taiwan, and India are attractive destinations for outsourcing clinical trials due to the presence of a large patient population and the low operating cost of conducting clinical trials in these countries.
Increasing operational costs and regulatory requirements associated with clinical research studies, government grants to support clinical trials, and increasing R&D expenditure by pharma-biotech companies with augmented IT budgets for drug development are some of the major driving factors for the global eClinical solutions market. However, the low adoption rate in certain geographies due to a lack of awareness related to the benefits of eClinical solutions is the major factor restraining the growth of this market.
Global eClinical Solutions Market to reach USD 11.9 billion by 2025 | CAGR 13.9%
Oracle Corporation is an American multinational computer technology corporation Company established in 1977 and headquartered at Oracle Way, Austin, Texas, 78741, United States. Specialties in enterprise, software, applications, database, middleware, fusion, business intelligence, Primavera, PeopleSoft, EPM, BEA, Hyperion, Retek, Utilities, On-Demand, server & storage systems, BPM, solutions for communications industry, ERP, CRM, CRM On Demand, JDE, and Siebel. Oracle had nearly 135,000 employees and had a revenue of $39 Billion (approx)
Medidata Solutions is an American technology company established in 1999 and headquartered at Hudson St 9th Floor, New York City, New York, 10014, United States. Specialties in Data & Analytics, Study & Protocol Design, Trial Planning & Budgeting, Site Negotation, Outsourced Trial Planning, CTMS, Randomization & Trial Supply Management, EDC/CDM, Monitoring, SAE Capture, Medical Coding, Clinical Management Portal, CDISC, mHealth, Payments, lifesciences, and clinicaltrials. Medidata Solutions had nearly 2000 Employees and had revenue of $ 616 Million.
Parexel International is an American company established in 1982 and headquartered at Newton, Massachusetts, 02466, United States. Specialties in Regulatory and product development consulting, early phase clinical research, phase II-III clinical research, late phase clinical research, eClinical solutions, patient and site recruitment, medical device consulting, clinical research organization, pharmacovigilance, biotechnology, biotech, and market access. Parexel had nearly 2000 Employees and had revenue of $ 6 Billion.
Bioclinica establishd in 1990 and headquartered at Carnegie Center Drive, Princeton, New Jersey, 08540, United States. Specialties in Imaging Core Lab, Phase 1-4, Electronic Data Capture (EDC) and eSource, Cardiac Safety Services, Clinical Trial Managment System (CTMS), Clinical Adjudication, Clinical Trial Technology, Randomization & Trial Supply Management & Optimization (RTSM), Site Payments & Forecasting, eClinical, and Pharmacovigilance. Bioclinica had nearly 2500 Employees and had a revenue of $528 Million.
DataTRAK International Inc established in 1991 and headquartered at Landerbrook Drive Suite 170, Mayfield Heights, Ohio, 44124, United States. Specialties in Clinical Trial Software, EDC (Electronic Data Capture), Clinical Data Management, IRT (Interactive Response Technologies), Clinical Trial Management Systems, eClinical Solutions, digital software for clinical trials, CTMS (Clinical Trial Management System), software as a service, SaaS, Enterprise Platform, Pharmaceutical , Medical Device, FDA, Cloud Software, ePro, eSource, eCOA, eConsent, Patient Recruitement, Image Data Capture, Business Analytics, Business Intelligence, Adjudication, and Adjudication. Datatrak International had nealy 50 employees and had a revenueo of $ 7 Million.
Target Audience of the Global eClinical Solutions Market In Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers