DUBLIN, Feb. 12, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/dkdvs4/eclinical) has announced the addition of the "eClinical Solutions Market by Product, Delivery Mode, Clinical Trial Phases, End User - Global Forecast to 2020" report to their offering.
The market is expected to reach USD 5.98 Billion by 2020, at CAGR of 12.1% from 2015 to 2020.
Growing adoption of software solutions during clinical trials, increasing research and development expenditure by pharmaceutical companies, government grants to support clinical trials, and rising number of potential customers for eClinical solutions are some key factors fueling the growth of the market.
Furthermore, increasing clinical research in emerging Asian countries, shift of clinical trials and resources from AMCs to CROs, developments of cost effective modules, and global rise in the number of clinical trials are offering new growth opportunities for market players. However, factors including high implementation cost, dearth of skilled research professionals, and lack of awareness of clinical data sciences software in research community are hampering the market growth.
Emerging markets including China, Korea, Taiwan, and India have become attractive destinations for outsourcing of clinical trials due to presence of large patient population and low operating cost in conducting clinical trials in these countries. Less stringent regulatory guidelines compared to developed nations in these countries, shortage of trial volunteers in Europe and North America, and growing number of life science research companies and CROs are the key factors propelling the demand for eClinical solutions in emerging markets. In order to leverage the high growth opportunities in these emerging nations, leading market players are expanding their presence in these countries.
As of 2014, Oracle Corporation (U.S.) held the leadership position in the global eClinical solutions market. Over the past three years, the company has adopted partnerships, agreements, and collaborations; new product launches and product enhancements; and product deployments as key business strategies to ensure its dominance in this market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 eClinical Solutions Market, By Product
7 eClinical Solutions Market, By Delivery Mode
8 eClinical Solutions Market, By Clinical Trial Phase
9 eClinical Solutions Market, By End User
10 eClinical Solutions Market, By Region
11 Competitive Landscape
12 Company Profiles
- Bioclinica, Inc. (A Subsidiary of JLL Partners) - CRF Health - Datatrak International, Inc. - ERT - Medidata Solutions, Inc. - Merge Healthcare Incorporated - Omnicomm Systems, Inc. - Oracle Corporation - Parexel International Corporation - eClinical Solutions, Inc.
For more information visit http://www.researchandmarkets.com/research/dkdvs4/eclinical
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
Share this article