Key Trends And Drivers In The Electronic Clinical Outcome Assessment Solutions Market 2023
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The global electronic clinical outcome assessment solutions market size 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 electronic clinical outcome assessment solutions market size is expected to grow to $2.39 billion in 2027 at a CAGR of 14.1%.
Electronic clinical outcome assessment is a way of electronically collecting outcome data in clinical studies.
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Electronic Clinical Outcome Assessment Solutions Market Driver
An increase in R&D efforts is projected to drive the growth of the electronic clinical outcome assessment systems market in the future. For example, according to Statistics NZ’s research and development survey-2021, research and development expenditure reached $2.8 billion, a 5% increase from 2020 and an 18% increase from 2019. As a result, an increase in research and development activities is propelling the market for electronic clinical outcome evaluation systems.
Electronic Clinical Outcome Assessment Solutions Market Trends
Technological developments are a prominent trend that is gaining traction in the market for electronic clinical outcome assessment systems. To boost their market position, major businesses in the electronic clinical outcome assessment systems market are developing innovative platforms. For example, YPrime LLC, a US-based software company that provides electronic clinical outcome assessment solutions, launched its 5th generation electronic clinical outcome assessment (eCOA) platform in January 2021, which is expected to provide a better user experience for patients, clinical investigators, sponsors, and CROs. This cutting-edge technology boosts clinical trial efficiency, patient happiness, and site satisfaction.
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Major Players And Regions Of The Electronic Clinical Outcome Assessment Solutions Market
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.
North America was the largest region in the electronic clinical outcome assessment solutions market in 2022.
Electronic Clinical Outcome Assessment Solutions Market Segmentation By The Business Research Company
The global electronic clinical outcome assessment solutions market is segmented –
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
The Table Of Content For The Electronic Clinical Outcome Assessment Solutions Market Include:
1. Electronic Clinical Outcome Assessment Solutions Market Executive Summary
2. Electronic Clinical Outcome Assessment Solutions Market Segments
3. Electronic Clinical Outcome Assessment Solutions Market Size And Electronic Clinical Outcome Assessment Solutions Market Growth Rate
4. Key Electronic Clinical Outcome Assessment Solutions Market Trends
5. Major Electronic Clinical Outcome Assessment Solutions Market Drivers
……
25. Key Mergers And Acquisitions In The Electronic Clinical Outcome Assessment Solutions Market
26. Top Electronic Clinical Outcome Assessment Solutions Companies
27. Electronic Clinical Outcome Assessment Solutions Market Opportunities And Strategies
28. Electronic Clinical Outcome Assessment Solutions Market, Conclusions And Recommendations
29. Appendix
The Electronic Clinical Outcome Assessment Solutions Market Global Market Report 2023 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 report includes market size and forecast market shares for all the regions and countries with respect to the major players of the electronic clinical outcome assessment solutions market.
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