Global eClinical Solutions Market Worth $4.8 Billion by 2017: MarketsandMarkets
DALLAS, August 24, 2012 /PRNewswire/ –
The “eClinical Solutions Market – [CTMS, CDMS, EDC, IVRS, ePRO & IRB Systems] Global
Trends, Opportunities & Forecasts (2012 – 2017)”, published by MarketsandMarkets
(http://www.marketsandmarkets.com), analyzes and studies the major market drivers,
restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
Browse more than 80 tables spread across 288 pages and in-depth TOC of “eClinical
Solutions Market (2012 -2017)”.
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This report studies the global eClinical Solutions Market over the forecast period
eClinical solutions can be defined as a combination of technology, products, and
services that work together as solutions to automate the management or conduct of clinical
trials with the aim of replacing manual, ad hoc or paper-driven methods. eClinical
solutions refer to a number of different technologies, such as EDC solutions (Electronic
Data Capture), CTMS (Clinical Trials Management System), Randomization and Trial Supply
Management systems, IVRS (Interactive Voice Response Systems), electronic patient diaries
and other common types of electronic solutions widely used in clinical trials.
The eClinical solutions market can be analyzed with respect to the three main
end-users, namely healthcare providers, clinical research organizations (CROs), and
pharmaceutical companies. The outsourcing of clinical trials by drug companies to CROs has
given a boost to the global CRO market. Hence, the market has witnessed a rise in the
number of clinical research organizations in the past decade. Software, hardware, and
services are the three main components of the eClinical solutions market. The market for
eClinical solutions can be analyzed with respect to three delivery modes, i.e. licensed
enterprise (on-premise), web hosted (on-demand), and cloud-based.
Pharmaceutical/biopharmaceutical companies, CROs, and healthcare providers are seeking
opportunities to reduce costs associated with drug development, by decreasing high costs
related to increasingly complex clinical trials. This is driving the market demand for
technology/solutions that can cope with the demands of present and future clinical trials.
A large number of investigator groups are still ignorant of the benefits offered by
[http://www.marketsandmarkets.com/Market-Reports/eclinical-solutions-market-553.html ] and
continue to depend on paper-based work or spreadsheets. Compliance benefits and
user-friendly access of software are yet to penetrate the clinical trial community well.
Clinicians and investigators need to realize the efficiency and prospect of these tools,
which enhance the speed of clinical trials process and manage it efficiently.
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