Noida, UP -- (SBWire) -- 07/28/2015 --Clinical Data Management System (CDMS) is an integral part of clinical research, which leads to generation of statistically sound and reliable, high quality data from clinical trials. By using effective technology-enabled methods to manage clinical data, CDMS drastically reduces the time from drug development to marketing. This enhances the speed with which the drug is developed and commercialized, hence enhancing the competitive advantage. E-clinical solutions were introduced in the market to increase the efficiency of the whole drug development process.
With the right Electronic Data Capture tools in place, sponsors provide transparency to all aspects of study data in an instant through CDMS. It is gaining popularity in case of providing e-clinical solution because review and approval of new drugs by Regulatory Agencies is dependent upon a trust that clinical trials data presented are of sufficient integrity to ensure confidence in pharmaceutical results. On the backdrop of this emerging demand of statistically sound clinical database, e-clinical solutions market is forecasted to grow at a CAGR of around 14% during 2015-2020.
The report, "Global E-Clinical Solutions Market Outlook 2020", which is spread over 70 pages, covers extensive research and thorough analysis of the e-clinical solutions market across the globe. It also presents a critical analysis and an unbiased view into the state of the global e-clinical solutions industry, including the current and future market size and its application in various sectors. It includes e-clinical software application in clinical data management, clinical trial management, electronic outcome assessment and randomization and trial supply management.
The research has also included further analysis of e-clinical services market (implementation, training, support and consulting), mode of delivery market (web-hosted, on-premise and cloud based) and end users market (pharmaceutical, CROs and healthcare service providers). The report also features a thorough analysis of North America, Europe and Asia Pacific market including the major countries in them which throws a light on current market scenario and future market potentials of e-clinical solutions there. Moreover, our study also looks into the key players in the global market including their business overview, key financials and recent developments. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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Rising Demand for CDMS Driving the Global E-Clinical Solutions Market
Global clinical data management system market is anticipated to grow at a CAGR of around 14% during the forecast period of 2015-2020, says RNCOS.