What is the global market size of E-Clinical Trials Solutions or Suite or Technologies Market?

Global E-Clinical Trials Solutions or Suite or Technologies Market size was valued at USD 6.93 billion in 2021 and is poised to grow from USD 7.89 billion in 2022 to USD 21.8 billion by 2030, growing at a CAGR of 13.9% in the forecast period (2023-2030).

Global E-Clinical Trials Solutions or Suite or Technologies Market Size, Share, Growth Analysis, By Product(Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS)), By Delivery mode(On demand, on premises and Cloud-based), By Development phase(Phase I, Phase II), By End-use(Hospitals/Healthcare providers, CROs) - Industry Forecast 2024-2031

Report ID: SQMIG35G2097 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 124 | Figures: 77

Global E-Clinical Trials Solutions or Suite or Technologies Market Regional Insights

North America dominated the market for eClinical solutions and accounted for the largest revenue share of over 51% in 2021. A growing target population and the incidence of lifestyle-related illnesses like diabetes and heart problems are expected to boost market expansion. The region’s market is also being driven by the introduction of new products by suppliers of eClinical solutions and an increase in government incentives. Additionally, it is projected that the residence of notable players and the accessibility of sophisticated infrastructure will both amplify the growth of the regional market.

Asia Pacific, the market for eClinical solutions is fastest growing with highest CAGR at 15.45% over the forecast period. The demand for software solutions in the region is being fueled by the region’s high unmet medical requirements and the increased prevalence of key chronic diseases like cancer, cardiovascular problems, and infectious diseases. Due to their enormous patient populations and inexpensive costs, nations like China, India, Korea, and Japan are receiving an increasing number of trials. The adoption of eClinical solutions in these areas has therefore increased as a result of this outsourcing. Government funding for drug development and research, which is expected to increase throughout the forecast period, is one of the main drivers of the APAC market’s growth as an emerging country.

Global E-Clinical Trials Solutions or Suite or Technologies Market Report Snapshots

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E-Clinical Trials Solutions or Suite or Technologies Market size was valued at USD 6.93 billion in 2019 and is poised to grow from USD 7.89 billion in 2023 to USD 21.8 billion by 2031, growing at a CAGR of 13.9% in the forecast period (2024-2031).

E-Clinical Trials Solutions/Suite/Technologies Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Oracle', 'Parexel International Corporation', ' Medidata Solutions, Inc. ', ' BioClinica, Inc. ', ' CRF Health ', ' OmniComm Systems, Inc. ', ' Merge Healthcare Incorporated ', ' eResearch Technology, Inc. ', ' DATATRAK International, Inc. ', ' Bioclinica (Bioclinica Acuity) ', ' Clinical Ink ', ' Dassault Systèmes SE ', ' MedNet Solutions, Inc. ', ' ERT Clinical ', ' ICON plc ', ' ArisGlobal LLC ', ' IBM Watson Health ', ' PHT Corporation ', ' Anju Software, Inc. ', ' OpenClinica, LLC '

Personalized or gene-based disease management is becoming more and more popular in the field of medical research and novel drug therapy. In comparison to already available alternative therapies or medications, government reimbursement organisations, commercial insurers, and payers frequently demand novel drugs that have a better therapeutic value and greater efficacy. Additionally, by controlling the standard pricing of innovative pharmaceuticals, these payers are reducing manufacturing businesses’ profit margins. The eClinical solutions sector is concentrating on the development and marketing of software solutions that help speed up and efficiently complete clinical studies. Major pharmaceutical and biotech firms are implementing new business models to lower their overall research expenditures, which is anticipated to fuel demand for sophisticated and cutting-edge eClinical solutions.

A number of market participants launched new goods in this industry. The development of strong diagnostic radiopharmaceutical pipelines and the introduction of new products are results of the increasing demand for nuclear imaging. Additionally, a big population of people with chronic illnesses encourages companies to introduce innovative goods to the market worldwide. Several key market leaders have entered into agreements and partnerships for the development and commercial launches of diagnostic radiopharmaceuticals.

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Global E-Clinical Trials Solutions or Suite or Technologies Market Regional Insights

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