USD 7.18 billion
Global eClinical Solutions 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(Web-hosted, on-premise), By Development phase(Phase I, phase II), By End-use(Pharma & biotech organizations, contract research organizations) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2095 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
123 |
Figures:
77
Global eClinical Solutions Market Insights
eClinical Solutions Market size was valued at USD 7.18 billion in 2019 and is poised to grow from USD 8.15 billion in 2023 to USD 22.35 billion by 2031, growing at a CAGR of 13.4% in the forecast period (2024-2031).
eClinical solutions are software and applications used to oversee clinical trials and clinical research quickly and effectively. The various software under the umbrella of eClinical solutions aid in the management, maintenance, and recording of data, as well as the tracking of deadlines, among several other features. Among the multiple eClinical solutions few are clinical data management systems (CDMS) and clinical trial management systems (CTMS). It combines contact management sites and teams, a calendar and monitoring system, and document management into one application. Due to that, it generates accepted clinical research results as well as compliant submissions; stores and regulates data entry; authenticates the data's reliability and integrity; and enables improved patient experiences by improving drug development. The key market drivers of market include massive amounts of data from the healthcare industry, an increase in clinical trials, and a government increased focus on clinical research. However, a lack of awareness about infrastructure development may limit market expansion during the forecast period.
US eClinical Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Phase-I
Fastest Growth
Phase-I
Growth Rate
13.4% CAGR
Global eClinical Solutions Market($Bn)
Country Share for North America Region (%)
Global eClinical Solutions Market size by Development Phase($Bn)
GlobaleClinical Solutions Market size by Development Phase($Bn)
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Global eClinical Solutions Market Segmental Analysis
Global eclinical solutions market is segmented based on the product, delivery mode, development phase, end-use, and region. Based on age group, global eClinical Solutions Market is segmented into Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platforms, Randomization and Trial Supply Management (RTSM), Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment (eCOA), and others. Based on delivery mode, the eClinical Solutions Market is segmented into web-hosted, on-premise, and cloud-based. Based on development phase, the eClinical Solutions Market is segmented into Phase I, phase II, phase III, and phase IV. Based on end-use, the eClinical Solutions Market is segmented into pharma & biotech organizations, contract research organizations, hospitals, and others. Based on region, eClinical Solutions Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
eClinical Solutions Market Analysis by Delivery Mode
Based on delivery mode, the eclinical solutions market is segmented into web-hosted, on-premise, and cloud-based. The web-hosted segment dominated the global market in 2021, accounting for over 74.0% of revenue, and is expected to maintain its dominance throughout the forecast period. The segment's prominence can be contributed to associated benefits such as ease of use and lower investment requirements. Because web-hosted products are easily customizable, providers can tailor information presentation for different user groups.
The cloud-based segment is expected to grow at the fastest rate during the forecast period due to integrated features such as flexibility, high accessibility, low handling costs, and easy data backup. These systems provide real-time data, allowing users to make quick decisions while also providing high-quality information for risk-based monitoring. These associated benefits are expected to raise the demand for cloud-based systems.
eClinical Solutions Market Analysis by Development Phase
Based on development phase, the eclinical solutions market is segmented into Phase I, phase II, phase III, and phase IV. In 2021, the phase III segment dominated the global market, accounting for over 53.0% of total revenue. The segment's growth is being fuelled by the increasing demand for clinical data management software to reduce overall costs and improve process efficiency.
The phase I segment is expected to be the most promising during the forecast period due to the high importance of these systems in predicting future outcomes and eliminating drug candidates with the lowest probability of success.
Global eClinical Solutions Market size by Development Phase, 2023 (%)
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Global eClinical Solutions Market Regional Insights
North America dominated the global eClinical solutions market share, accounting for more than 51% of revenue in 2021, and is likely to maintain the dominant position during the forecast period. A growing target population, combined with an increase in the incidence of lifestyle-related diseases like diabetes and cardiac disorders, is expected to propel market growth. Furthermore, the introduction of new products by eClinical solution vendors, as well as an increase in government grants, are influencing the market in the region during the forecasting years.
In Asia Pacific, the market is expected to grow at a significant growth rate during the forecast period. The region's high unmet medical needs, as well as the growing incidences of target chronic diseases like cancer, cardiovascular disease, and infectious diseases, are fuelling demand for software solutions. Due to a large patient population and low cost, an increasing number of trials are being outsourced to countries like India, China, Korea, and Japan.
Global eClinical Solutions Market Size By Geography, 2024-2031
- Largest
- Fastest
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Global eClinical Solutions Market Dynamics
eClinical Solutions Market Driver
- In the field of medical research and novel drug treatments, personalised or gene-based disease management is gaining popularity. When compared to currently available alternative therapies or medications, government reimbursement organisations, commercial insurers, and payers frequently request novel drugs with higher therapeutic value and efficacy, resulting in significant market growth.
eClinical Solutions Market Restraint
- Researchers may use eClinical solutions to manage clinical research data and information more efficiently throughout the research lifecycle. Many integrated eClinical solutions (such as CTMS and CDMS) provide clinical researchers with end-to-end solutions for clinical trial administration at all stages. These software solutions are quite expensive and come with a premium price tag.
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Global eClinical Solutions Market Competitive Landscape
Global eClinical solutions 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.
eClinical Solutions Market Top Player's Company Profiles
- Oracle Corporation
- Medidata Solutions, Inc.
- Parexel International Corporation
- Bioclinica, Inc.
- OmniComm Systems, Inc.
- ERT Clinical
- DATATRAK International, Inc.
- CRF Health
- Merge Healthcare, Inc.
- MedNet Solutions, Inc.
- Bio-Optronics, Inc.
- eClinicalWorks LLC
- ArisGlobal LLC
- OmniComm Systems, Inc.
- Anju Software, Inc.
- Veeva Systems, Inc.
- Dassault Systemes SE
- IBM Corporation
- SAS Institute Inc.
- PRA Health Sciences, Inc.
eClinical Solutions Market Recent Developments
- In May 2022, eClinical Solutions announced the release of its elluminate Statistical Computing Environment (SCE), which expands the Elluminate Clinical Data Cloud platform, which integrates and unifies clinical trial data.
- In May 2022, Emmes launched its third generation Advantage eClinical at the Society for Clinical Trials (SCT) in San Diego from May 15th to 18th. After more than two years of development, Advantage eClinical's cloud platform will be available as a stand-alone software product. The system was specifically designed to provide clinical trial sponsors of all sizes with faster study builds, greater flexibility, and insights.
- In April 2021, Signant Health expanded its electronic informed consent offerings and enhanced capabilities with the latest release of SmartSignals eConsent. To meet the needs of teams, SmartSignals eConsent solutions are available in three tiers of functionality: silver, gold, and platinum. This strategy has improved the company's existing product offering, resulting in revenue from sales.
Global eClinical Solutions Key Market Trends
- Clinical Data Management (CDM) is a critical stage in clinical research that results in the generation of high-quality, reliable, and statistically sound data from clinical trials. This significantly shortens the time between drug development and marketing. Integration of the CDMS with clinical randomization, supply management, trial, and patient recruitment solutions is a strong trend driving this segment.
Global eClinical Solutions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global eClinical solutions market analysis, North America is anticipated to grow significantly due to the presence of prominent players and the availability of sophisticated infrastructure. Because of the increasing amount of data generated during clinical development processes, there is a greater need for recording and analysing clinical data, which has resulted in an increase in the use of eClinical solutions in clinical trials, driving market growth over the forecasting years. However, high cost may restrain the product market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.18 billion |
| Market size value in 2031 | USD 22.35 billion |
| Growth Rate | 13.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global eClinical Solutions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global eClinical Solutions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global eClinical Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global eClinical Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global eClinical Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global eClinical Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global eClinical Solutions Market Report Snapshots
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