|By PR Newswire||
|January 31, 2014 02:00 PM EST||
DUBLIN, January 31, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jf5zjp/eclinical) have announced the addition of the "eClinical Solutions Market by Products, Services, Buyers & Delivery Modes - Global Forecast to 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The global eClinical solutions market has been categorized into two major segments, namely, products and professional services. The products market is further classified into clinical data management systems (CDMS)/electronic data capture (EDC), clinical trial management systems (CTMS), electronic clinical outcome assessment (eCOA), randomization and trail supply management (RTSM), safety solutions, and others. The others segment comprises core lab integration systems, regulatory information management services, and coding systems. The CDMS/EDC solutions segment accounted for the largest share of the global market, by product at an estimated $899.1 million in 2013; while the eCOA solutions market is expected to grow at the highest CAGR of 21.2% from 2013 to 2018. The professional services market includes implementation services, training, support services, and consulting.
In the report, the global market is further segmented on the basis of type of buyer (pharmaceutical/biopharmaceutical/medical device companies, clinical research organizations CROs), and healthcare providers) and delivery mode (web-hosted, on-premise, and cloud-based eClinical solutions) The global eClinical solutions market is estimated to grow at a CAGR of 13.5% from 2013 to 2018.
A number of factors such as increasing pressure to reduce cost and time spent on clinical trials, growing demand for improved data standardization to meet regulatory requirements, increasing adoption of cloud computing technology in eClinical solutions, and government funding to support clinical trials, are driving the growth of the global market. On the other hand, factors such as the growing burden on clinical research teams in terms on skilled labor and training, and high capital requirement for implementation of eClinical systems are restricting the growth of the global market. In addition to this, complexity of system architecture is a challenge faced by market players. Growth in the number of clinical researches in emerging Asian countries, increasing adoption of cloud technology for the development of eClinical suits, and the shifting trend of clinical trial resources from AMCs to CROs, are the factors that offer high growth opportunities for eClinical solution vendors.
The global market was dominated by North America with a market share of 60.1%, followed by Europe with a share of 26.4% in 2013. 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 the presence of a large patient base, faster recruitment of patients in developing countries, availability of low cost CROs, increasing government support, and shortage of trial volunteers in North American and European countries are driving the growth of the eClinical solutions market in the Asia-Pacific region.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 eClincal Solutions Market, By Product
5 eClincal Solutions Market, By Professional Services
6 Global eClincal Solutions Market, By Type Of Buyer
7 eClincal Solutions Market, By Delivery Mode
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Bioclinica, Inc.
- CRF Health
- Datatrak International, Inc.
- Eresearch Technology, Inc.
- Medidata Solutions, Inc.
- Merge Healthcare Incorporated
- Omnicomm Systems, Inc.
- Oracle Corporation
- PHT Corporation
- Parexel International Corp.
For more information visit http://www.researchandmarkets.com/research/jf5zjp/eclinical
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
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