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eClinical Solutions Market Worth $5 Billion by 2018

January 24, 2014

DALLAS, Texas, January 24, 2014 /PRNewswire/ –

The report “eClinical Solutions Market by Products (CDMS/EDC, CTMS, Ecoa,
Randomization & Trial Supply Management, Safety),Services,Buyers (Pharma/Biopharma, CROS,
Healthcare Providers) & Delivery Modes (Web Hosted, on-Premise, Cloud-Based) – Global
Forecast to 2018″, analyzes and studies the major market drivers, restraints,
opportunities, and challenges in North America, Europe, Asia-Pacific, and Rest of the
world (RoW).

Browse 56 market data tables and 48 figures spread through 244 pages and in-depth TOC
on “eClinical Solutions Market”

http://www.marketsandmarkets.com/Market-Reports/eclinical-solutions-market-553.html
Early buyers will receive 10% customization on reports.

This report studies the global eclinical Solutions Market over the forecast period of
2013 to 2018. The market is expected to reach ~$5 billion by 2018, at a CAGR of 13.5% from
2013 to 2018.

The global eClinical Solutions Market is divided into two segments, namely, products
market and professional services market. The products market has been further classified
into clinical data management systems (CDMS)/electronic data capture (EDC), clinical trial
management systems (CTMS), electronic clinical outcome assessment (eCOA), randomization
and trial supply management (RTSM), safety solutions, and others. The others segment
consists of core lab integration systems, regulatory information management services, and
coding systems. The professional services segment includes implementation services,
training, support services, and consulting.

Based on the type of buyer, the global eClinical Solutions Market is segmented into
pharmaceutical/ biopharmaceutical/ medical device companies, clinical research
organizations (CROs), and healthcare providers. Based on the type of delivery mode, the
global eClinical Solutions Market is classified as web-based, on-premise, and cloud-based
eClinical Solutions.

A number of factors such as the increasing pressure for reducing the cost and time
consumed during clinical trial processes; rising need for improved data standardization in
terms of improving and maintaining the quality of clinical trial procedures to meet
regulatory requirements; government grants and initiatives to support drug development;
increasing adoption of cloud-based Eclinical Solutions; and significant spending on
clinical research and development by pharmaceutical and biopharmaceutical industries are
driving the growth of the eClinical Solutions Market. On the other hand, factors such as
the high capital requirement for implementation of eClinical Systems and the growing
burden on clinical research teams in terms of skilled labor force and training are
restricting the growth of this market. However, a number of factors such as, growth in the
number of clinical researches in emerging regions, increasing adoption of cloud technology
for the development of eClinical suits, and shifting trend of clinical resources from AMCs
(Academic Medical Centers) to CROs are expected to offer high growth opportunities for
eClinical solution vendors.

As of 2013, North America held the largest share of ~60.1% in the global eClinical
Solutions Market, followed by Europe (26.4%). However, the Asia-Pacific market is expected
to grow at the highest CAGR of ~19.5% from 2013 to 2018. A number of factors such as,
presence of a large patient population, faster recruitment of patients in developing
countries, availability of low cost CROs, increasing government support, shortage of trial
volunteers in European and North American countries, and growth in the number of
pharmaceutical companies are driving the growth of the eClinical Solutions Market in the
Asia-Pacific region.

The major players in the global eClinical Solutions Market are PAREXEL International
Corporation (U.S), BioClinica, Inc. (U.S), Oracle Corporation (U.S), CRF Health (U.S),
DATATRAK International, Inc. (U.S), Medidata Solutions, Inc. (U.S), PHT Corporation (U.S),
eResearch Technology (U.S), Merge Healthcare Incorporated (U.S), and OmniComm Systems,
Inc. (U.S).

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http://www.marketsandmarkets.com/Market-Reports/clinical-trial-management-systems-market-470.html

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http://www.marketsandmarkets.com/Market-Reports/healthcare-it-outsourcing-market-1219.html

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