e-Clinical Trial Technologies Market Scope
e-Clinical is an electronic application that is used in clinical research. This is commonly used in the biopharmaceutical industry. It is a technology application used in clinical trials including IVR systems, IWR systems, and other electronic solutions. The web-based tools are major applications for e-clinical technology. The reasons behind the clinical technologies are influenced by increasing competition, high costs of drug development and others. The e-Clinical Trial Technologies market offers diverse solutions across various segments to meet the evolving needs of clinical research. Understanding these segments and their functionalities is crucial for stakeholders across the clinical trial ecosystem to select the right tools and optimize their research processes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | BioClinica (United States), PAREXEL (United States), EClinical Solutions (India), ECRFPlus (China), Clincase (Germany), Clinical Leader (United States), Oracle (United States), Medidata Solutions (United States), Clinpal (United Kingdom), NTT DATA (Japan), DATATRAK (United States), OmniComm Systems, Inc. (United States), MedNet Solutions (United States), Prelude Dynamics (United States), Acceliant (United States), Glorant, LLC. (United States) and Medrio, Inc. (United States) |
CAGR | 12.6% |
"According to AMA, the Global e-Clinical Trial Technologies market is expected to see growth rate of 12.6% and may see market size of USD6866.12 Million by 2028."The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global e-Clinical Trial Technologies market throughout the predicted period.
BioClinica (United States), PAREXEL (United States), EClinical Solutions (India), ECRFPlus (China), Clincase (Germany), Clinical Leader (United States), Oracle (United States), Medidata Solutions (United States), Clinpal (United Kingdom), NTT DATA (Japan), DATATRAK (United States), OmniComm Systems, Inc. (United States), MedNet Solutions (United States), Prelude Dynamics (United States), Acceliant (United States), Glorant, LLC. (United States) and Medrio, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nextrials (United States), DSG (United States), DZS (United States) and Almac (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global e-Clinical Trial Technologies market by Type and Region with country level break-up.
On the basis of geography, the market of e-Clinical Trial Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In September 2023, Florence Healthcare, US based clinical trial service provider acquired VersaTrial to provide new e-clinical solution for research sites, CROs and sponsors. VersaTrial is smart clinical solution that has been designed to accelerate clinical research for CROs and healthcare companies.
In October 2023, Medidata (now Verista TenEleven) Decentralized Trial Platform (DTP) launched a new version of their DTP featuring enhanced patient recruitment capabilities, site integration tools, and improved remote monitoring functions.
Influencing Trend:
Increasing Demand for Real-Time Data Access and Increase Demand for EDC Solutions
Market Growth Drivers:
Rising Costs of Drug Development, Increasing Stringent Regulatory Environment Etc., Increasing Challenges in Conducting Clinical Trials for Pharmaceutical Companies and Increase Demand for Reducing IT Burden
Challenges:
Availability of a Large Number of E-clinical Solution Providers Across the Globe
Restraints:
Lack of Skilled Professionals and High Initial Capital Investment and Increasing Security and Privacy Concerns May Hamper the Growth
Opportunities:
Strong Opportunity in Emerging Countries, Due To Increasing Number of Clinical Investigators, Site Coordinators, and Medical Affairs
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, E-Clinical Trial Technology Service Providers, Government Regulatory and Research Organizations and End-Use Industries