New York, NY -- (SBWIRE) -- 02/25/2021 -- According to the current analysis of Reports and Data, the global eClinical Solutions Market was valued at USD 4,267.6 Million in 2018 and is expected to reach USD 12,329.2 Million by the year 2026, at a CAGR of 13.9% from 2019-2026. Clinical trials are the most time-consuming phase of drug development. The increasing demand for clinical trials by pharmaceutical giants and biotech companies propels the eClinical Solutions market growth. eClinical Solutions provide administrations to an enormous client base at a low working expense. Additionally, they help with tracking of information from different geographic areas, arranging, and execution of this information and drive the procedure of clinical advancement. E-clinical solutions are advantageous to reduce the time spent on assembling and analyzing data in clinical trials

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Top Players Covered in the Report Include:
Oracle Corporation
Medidata Solutions
PAREXEL International Corporation
BioClinica
CRF Health
DATATRAK International
ERT
eClinical Solutions
Others

Rise in appropriation of software solutions in eClinical research in trials offer various potential in clinical development processes. It can help in lowering the cost and reducing the time between development phase by identification of failing compounds. Moreover, it also offers data standardization and fast retrieval of data, which is beneficial in making quick decisions at every stage of development.

Key market players in the eClinical Solutions market are adopting strategies such as product development, partnerships, mergers, and acquisitions to maintain their position in the market. For instance, Oracle solutions offer eClinical software as a service platform solution for core administrations. In 2018, Medidata and eClinical Solutions LLC expanded their technology partnership to improve clinical trial processes.

Further key findings from the report suggest
CDMS led the product segment in 2018 with 27% eClinical solutions market share owing to various benefits provided by the product such as end-to-end management of various databases, clinical trial activities and real-time status tracking, which in total improves the general effectiveness of clinical trials.

eClinical Solution system, especially, the Cloud-based delivery system is expected to grow at the CAGR of 14.8% owing to ease of integration and rapid deployment.

Increasing clinical research in developing countries such as India, Bangladesh is expected to support the growth of eClinical Solutions market during the forecast years.

Increasing Research and development by pharmaceuticals and biotechnology companies, resulting in the launch of new products are some of the factors that support the eClinical solutions market growth during forecast years. For Instance, in 2018, Oracle a new holistic, unified cloud-based eClinical solution, Clinical One Platform with the intention of launching new drugs in the market with a focus on quality and safety.

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For the purpose of this report, Reports and Data has segmented the eClinical solutions market on the basis of product, development phase, mode of delivery, end use, and region:
Product (Revenue, USD Million; 2016–2026)
Electronic Clinical Outcome Assessment (ECOA)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Clinical Analytics Platforms
Clinical Data Integration Platforms
Safety Solutions
Clinical Trial Management Systems (CTMS)
Randomization and Trial Supply Management (RTSM)
Electronic Trial Master File (eTMF)

Development Phase (Revenue, USD Million; 2016–2026)
Phase I
Phase II
Phase III
Phase IV

Mode of Delivery (Revenue, USD Million; 2016–2026)
Web Hosted
Licensed Enterprise
Cloud-based

End Use (Revenue, USD Million; 2016–2026)
Hospitals
Contract Research Organizations (CROs)
Academic Institutes
Pharmaceuticals & Biotech Organizations
Medical Device Manufacturers

Regional Outlook (Revenue in USD Million; 2016–2026)
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
South Africa
Saudi Arabia
UAE
Egypt
Qatar
Latin America
Brazil
Argentina
Chile

Important Facts About eClinical Solutions Market Report:
This report gives information about the eClinical Solutions business overview, product overview, market share, supply chain analysis, demand and supply ratio, and import/export details.
The Industry report consists of different approaches and procedures endorsed by the eClinical Solutions market key players to make crucial business decisions.
The eClinical Solutions market depicts some parameters like production value, eClinical Solutions marketing strategy analysis, Distributors/Traders, and effect factors.

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Key questions answered:
What will be the market growth rate of the eClinical Solutions market in the forecast period?
What are the major factors fuelling the global eClinical Solutions market?
Who are the key manufacturers in the eClinical Solutions market space?
What are the market opportunities and market risks faced by the eClinical Solutions market?
What are the sales, revenue, and price analysis of the top manufacturers in this market?
Who are the distributors, traders, and vendors in the eClinical Solutions industry?

Thank you for reading this Report; you can also get individual chapter-wise sections or region-wise reports specifically for the regions of North America, Europe, Asia Pacific, Latin America, or Middle East & Africa.

Table of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics
3.1. Regulations associated with clinical research studies
3.2. Rising operational costs
3.3. Globalization of clinical trials

Chapter 4. EClinical Solutions Segmentation & Impact Analysis
4.1. EClinical Solutions Segmentation Analysis
4.2. EClinical Solutions Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. EClinical Solutions Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Incorporation of software solutions in clinical trial
4.4.1.2. Movement from manual data interpretation to real-time data analysis
4.4.1.3. Increasing government grants to substantiate trials
4.4.2. Market restraint analysis
4.4.2.1. Lack of awareness
4.4.2.2. Limited adoption in developing countries
4.5. Key opportunities prioritized
4.6. EClinical Solutions Pricing Analysis
4.7. Industry analysis - Porter's
4.8. EClinical Solutions PESTEL Analysis

Chapter 5. EClinical Solutions Market By Product Type Insights & Trends

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