The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s eclinical solutions market report forecasts the eclinical solutions market size to grow to $12.48 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

Learn More On The EClinical Solutions Market Report 2023 – https://www.thebusinessresearchcompany.com/report/eclinical-solutions-global-market-report

EClinical Solutions Market Size Forecast
The global eclinical solutions market is expected to grow from $6.94 billion in 2022 to $7.91 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The eclinical solutions market size is expected to grow to $12.48 billion in 2027 at a CAGR of 12.1%.

North America held the largest eclinical solutions market share.

Key EClinical Solutions Market Driver ­– Increase In Research And Development Expenditure On Drug Development Pipelines By Pharma-Biotech Companies
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.

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Key EClinical Solutions Market Trend – Technological Advancement
Key players operating in the eClinical solutions sector are focusing on the use of advanced technologies to meet consumer demand. For instance, in July 2021, eClinical Solutions LLC, an India-based provider of cloud-based enterprise software and software-driven clinical data services, released the Elluminate Clinical Data Cloud, based on cloud computing and real-time data analysis technologies. This has unique capabilities that help to improve the automation of both clinical and operational data streams across the platform, and it’s useful for automating the clinical operations data pipeline for speedier decision making.

EClinical Solutions Market Segment
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

EClinical Solutions Market Major Players and Strategies
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.

In August 2020, GI Partners, a US-based private investment firm, acquired Clinical Ink Inc. for an undisclosed amount. Through this acquisition, GI Partners accelerates clinical Ink’s innovation in clinical trial workflow solutions. Clinical Ink, Inc. is a US-based clinical trial technology company that provides electronic source records and other clinical trials.

The EClinical Solutions Global Market Report 2023 covers regional data on eclinical solutions market size, eclinical solutions market trends and drivers, opportunities, strategies, and eclinical solutions market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

eClinical solutions refer to the use of computerized solutions and related procedures to aid clinical trial operations by automating previously laborious tasks. eClinical has evolved to include a wide range of technologies that aim to help with one or more phases of clinical trials, from planning through submissions and data mining. The eclinical solutions are used in the clinical development process by combining clinical technology expertise.

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