New York, NY -- (SBWIRE) -- 03/08/2021 -- The Global Electronic Clinical Outcome Assessment Solution Market is expected to reach USD 2.52 billion by 2026, according to a new report by Reports and Data. Strict regulatory norms being imposed on the pharmaceutical and biotech industry during the period 2016-2017 have forced the drug manufacturing companies to digitalize the process of their clinical trial outcomes, which would involuntarily allow software solution providers to increase their market share in this segment.

eCOA solution enables clinical trials to proceed with distinguishable time savings which would allow outsourced companies handling clinical trials to accelerate their accommodation with new projects in hand. eCOA solution allows clinical trials to proceed with distinguishable time savings which allow outsourced companies handling clinical trials to accelerate their accommodation with new projects in hand.

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In market segmentation by manufacturers, the report covers the following companies-: OmniComm Systems, eClinical solutions, CRF Health, Oracle Corporation, Paraxel International Corporation, Kayentis, Medidata Solution, Inc., Merge Healthcare Incorporated and ERT Clinical.

The Asia-Pacific market is expected to grow at the highest CAGR of 21.3% from 2018 to 2026. A number of factors, including increasing government funding to support clinical trials, presence of less stringent regulatory guidelines compared to developed nations, availability of a large patient base and faster patient recruitment for clinical trials, and growing number of pharmaceutical companies and CROs are stimulating the growth of the eCOA solutions market in the Asia-Pacific region.

For the purpose of this report, Reports and Data have segmented global Electronic Clinical Outcome Assessment solution market on the basis of types, application and region:

Product Outlook (Revenue, USD Billion, 2018-2026)
Web-based Solution
Licensed Industries
Cloud-based

Application Outlook (Revenue, USD Million, 2015-2026)
Hospitals
Contract Research Organizations
Academic institutes
Pharma and biotech companies
Medical Device Manufacturers

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Regional Outlook (Revenue, USD Billion, 2018-2026)
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Latin America
Brazil
MEA

The Electronic Clinical Outcome Assessment (eCOA) Solutions market research covers a detailed analysis of the following data:
Historical and future growth forecasts of the global Electronic Clinical Outcome Assessment (eCOA) Solutions market.
Segmentation of the Electronic Clinical Outcome Assessment (eCOA) Solutions market to highlight the growth prospects and trends affecting these segments.
Varying consumption behavior of customers across various regions covered in the report.
Geographical study based on the market share, growth outlook, and key countries.
Agreements, product launches, mergers and acquisitions, and R&D projects of the different key Electronic Clinical Outcome Assessment (eCOA) Solutions market players.

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Further key findings from the report suggest
Contract Research Organizations (CROs) held the largest revenue share in 2017 and are expected to witness significant growth in near future due to growing demand from the major pharmaceutical companies. The rapidly growing clinical research industry is expected to have a positive impact on market growth of eCOA solutions.
Asia Pacific market is forecasted to grow at a CAGR of 21.3% in the coming years. Increase in the number of clinical trials conducted in countries including China and India is likely to create significant growth opportunities for the market. Presence of skilled investigators and assisting manpower in trials and IT management, the former being well-trained in good clinical practice (GCP) and other good practices norms in India is also anticipated to stimulate demand.

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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. Macro Indicators
3.1.1. Increasing adoption of cloud-based service
3.1.2. Increased outsourcing of clinical trials by pharmaceutical companies

Chapter 4. Electronic Clinical Outcome Assessment (eCOA) Solutions Market Segmentation & Impact Analysis
4.1. Electronic Clinical Outcome Assessment (eCOA) Solutions Segmentation Analysis
4.2. Regulatory Framework
4.3. Electronic Clinical Outcome Assessment (eCOA) Solutions Market Impact Analysis
4.3.1. Market driver analysis
4.3.1.1. Cost benefits
4.3.1.2. Advancement of cloud computing in the Pharmaceutical industry
4.3.2. Market restraint analysis
4.3.2.1. Initial high cost of implementation
4.3.2.2. Presence of operational barriers
4.4. Key opportunities prioritized
4.5. Porter's Five Force Analysis
4.6. PESTEL Analysis

Chapter 5. Electronic Clinical Outcome Assessment (eCOA) Solutions Market By Type Insights & Trends

Continued….