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.
“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.
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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.
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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