How Will The Eclinical Solutions Market Grow In 2022?
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The eclinical solutions market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 13%, as per The Business Research Company’s market report!
Read More On The Eclinical Solutions Market Report 2022 – https://www.thebusinessresearchcompany.com/report/eclinical-solutions-global-market-report
The Eclinical Solutions Market Size In 2022 And Forecast
The global eclinical solutions market is expected to grow from $5.97 billion in 2021 to $7.00 billion in 2022 at a compound annual growth rate (CAGR) of 17.2%. The global eclinical market size is expected to grow to $11.60 billion in 2026 at a CAGR of 13.5%.
The eclinical solutions market consists of sales of eclinical solutions and services by entities (organizations, sole traders, partnerships) that are used in the clinical development process by combining clinical technology expertise.
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The Increase In Spending On R&D On Drug Development Is Driving The Growth Of The Eclinical Solutions Market
For instance, in 2020, Incyte, a US-based biopharmaceutical company, increased its R & D cost for drug development to $2.216 billion. They amounted to $1.1 billion in 2019. However, the majority of the rise was due to an increase in clinical research and outside services. The company spent $677 million on these goods in 2019. The sum grew to $1.701 billion in the year 2020. Therefore, the increase in spending on R & D on drug development is driving the growth of eClinical solutions.
Competitive Landscape And The Regional Analysis Of The Eclinical Solutions Market
Major players in the eclinical solutions market are Anju Software Inc., BioClinicia Inc., Parexel International Corporation, CRF Health, Dassault Systèmes, Datatrak International Inc., Eclinical Solutions LLC, ERT Clinical, IBM Watson Health, Medidata Solutions Inc., Omnicomm Systems Inc., Veeva Systems Inc., Mednet Solutions, and Cinven.
Additionally, as per TBRC’s research – North America was the largest region in the eclinical solutions market in 2021 holding the largest market share.
The Eclinical Solutions Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the eclinical solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the eclinical solutions market.
Technological Advancement – A Key Trend In The Eclinical Solutions Market
Key players operating in the eClinical solutions sector are focusing on the use of advanced technologies to meet consumer demand.
Eclinical Solutions Market Segmentation By The Business Research Company
1) By Product: Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Clinical Analytics Platforms, Randomization and Trial Supply Management (RTSM), Clinical Data Integration Platforms, Electronic Clinical Outcome Assessment (eCOA), Safety Solutions, Electronic Trial Master File (eTMF)
2) By Development Phase: Phase I, Phase II, Phase III, Phase IV
3) By Delivery Mode: Web-Based and Cloud-Based, Enterprise-Based
4) By End-User: Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, Consulting Service Companies, Medical Device Manufacturers, Hospitals, Academic Research Institutions
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