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 electronic clinical outcome assessment solutions market report forecasts the electronic clinical outcome assessment solutions market size to grow to $2.39 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

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Electronic Clinical Outcome Assessment Solutions Market Size Forecast
The global electronic clinical outcome assessment solutions market is expected to grow from $1.22 billion in 2022 to $1.41 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. 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 electronic clinical outcome assessment solutions market size is expected to grow to $2.39 billion in 2027 at a CAGR of 14.1%.

North America held the largest electronic clinical outcome assessment solutions market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Electronic Clinical Outcome Assessment Solutions Market Driver ­– Increase In Research And Development Activities
For instance, according to the research and development survey-2021, conducted by Statistics NZ, a New Zealand-based public service department, research and development expenditure reached $2.8 billion, up 5% from 2020 and up 18% from 2019. Therefore, an increase in research and development activities is driving the electronic clinical outcome assessment solutions market.

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Key Electronic Clinical Outcome Assessment Solutions Market Trend – Technological Advancement
Major companies operating in the electronic clinical outcome assessment solutions market are developing innovative platforms to strengthen their position in the market. For instance, in January 2021, YPrime LLC, a US-based software company operating in the electronic clinical outcome assessment solutions market, launched its 5th generation electronic clinical outcome assessment (eCOA) platform, which is expected to provide a better user experience for patients, clinical investigators, sponsors, and CROs. This cutting-edge technology improves clinical trial efficiency, site satisfaction, and patient compliance.

Electronic Clinical Outcome Assessment Solutions Market Segment
1) By Product: Web Based eCOA Solutions, On Premise Based eCOA Solutions, Cloud Platform Based eCOA Solutions
2) By Approach: Patient-Reported Outcome (PRO), Clinician-Reported Outcome (ClinRO), Observer-Reported Outcome (ObsRO), Performance Outcome (PerfO)
3) By End-User: Hospitals or Healthcare Providers, Contract Research Organizations (CROs), Pharmaceutical and Biotechnology Firms, Medical Device Companies, Other End-Users

Electronic Clinical Outcome Assessment Solutions Market Major Players and Strategies
Major players in the electronic clinical outcome assessment solutions market are Oracle Corporation, Dassault Systemes SE, IQVIA Holdings Inc., Parexel International Corporation, IBM Corporation, Signant Health, eClinical Solutions LLC, Castor EDC, Anju Software Inc., Merge Healthcare Inc., CRF Bracket Company, YPrime LLC, Clinical Ink Inc., and WCG Clinical Services.

In November 2021, ERT, a US-based company operating in eCOA solutions, merged with Bioclinica, a US-based company operating in clinical, imaging core lab, and clinical trial technology. With this merger, the company’s strengthened scientific expertise and unrivalled global scale combine to create the broadest endpoint technology platform poised to expedite the clinical trial process, simplify trial experiences and unlock composite endpoints. The companies merged, and the combined company was renamed Clario.

The Electronic Clinical Outcome Assessment Solutions Global Market Report 2023 covers regional data on electronic clinical outcome assessment solutions market size, electronic clinical outcome assessment solutions market trends and drivers, opportunities, strategies, and electronic clinical outcome assessment solutions market competitor analysis. The countries covered in the electronic clinical outcome assessment 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.

Electronic clinical outcome assessment is a method of capturing outcome data electronically in clinical trials.

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