“e-Clinical
trial solutions” is a generic term used to denote about electronic applications
that are used in clinical research. The term is relevantly and significantly
used in the biopharmaceutical industry. E-Clinical is used to mention about
technology applications used for clinical trials such as electronic patient
diaries, IVR systems, IWR systems, ePRO and EDC. Also, e-Clinical applications
comprise web based tools that support in grasping the clinical trials live data
for instant and efficient execution. Therefore, these software applications are
server based applications.
Global
e-Clinical trial solutions market is segmented into electronic data capture
(EDC) and clinical data management systems (CDMS), clinical trial management
systems (CTMS), randomization & trial supply management (RTMS), clinical
analytics platform, clinical data integration platform, electronic clinical
outcome assessment (eCOA), safety solutions, electronic trial master files
(eTMF), regulatory information management solutions (RIMS), coding systems,
institutional review board systems, core lab integration solutions, based on
product.
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The
fundamental objective behind e-Clinical technologies is to know about its
influencing factors such as heavy costs of drug development, rising
competition, strict regulatory environment. Hence, pharmaceutical companies are
met with the challenges to conduct clinical trials. Hence, to address such
issues e-Clinical trial solutions were incorporated. Commercially, e-Clinical
trial solutions also help in minimizing human errors. Therefore, technological
advances in the domain of e-Clinical solutions, rapid urbanization of clinical
trials and several advantages associated with its use anticipates in favorable
market growth during the forecast period.
The
key driving factors responsible for the growth of E-Clinical trial solutions
market include rising operational costs and regulatory requirements linked with
clinical research studies. Additionally, favorable grants to conduct clinical
trials and rising R&D expenditure by pharma-biotech organizations with
enhanced IT budgets for drug advancement. However, low adoption rate in several
regions owing to lack of awareness related to the benefits of e-Clinical
solutions is likely to impede the market growth for the forecast period.
e-Clinical
trial solution market is segmented into web-hosted (On-demand), licensed
enterprise (on-premise) and cloud-based (SaaS), based on delivery mode.
e-Clinical trial solutions is segmented into phase I, phase II, phase III and
phase IV, based on clinical trial phase. e-Clinical trial phase solution is
segmented into pharmaceutical & biopharmaceutical companies, consulting
research organizations, contract research organizations, medical device
manufacturers, hospitals and academic research institutions.
e-Clinical
trial phase solutions span North America, Latin America, Europe, Asia-Pacific,
and Middle-East & Africa. APAC market is anticipated to grow at a higher
CAGR during the forecast period owing to growth in contracting of clinical
trials by massive pharmaceutical &biopharmaceutical companies. Also, rise
in government funding to leverage clinical support and less stringent norms in
comparison with developed countries is likely to enhance market growth for the
forecast period. The key players in the e-Clinical trial solutions market include
Medidata Solutions Inc, PAREXEL International Corporation, BioClinica Inc, CRF
Health, DATATRAK International inc, MaxisIT inc, Bio-Optronics Inc, e-Clinical
Solutions Inc, Merge Healthcare Inc, and OmnicComm Systems Inc.
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