New York, NY -- (SBWIRE) -- 05/08/2019 -- The eClinical Solutions market report with forecast 2019-2030 gives a special, first-time present and focused analysis of the size, division, patterns and viewpoint in the production and supply of eClinical Solutions on the world. According to the report, the global eClinical Solutions Market is estimated to be over US$ 4.0 Bn in 2017. It is anticipated to grow at a considerable CAGR from 2019 to 2030.

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The maintenance of various eClinical systems containing overlying functionality and data has been greatly inconvenient to clinical trials. There have been individual solutions that have helped to redirect and classify certain application areas that had previously been relatively cumbersome to deal with. Consequently the E clinical market system found that excluding data disparities in between systems has decreased data reconciliation activities. The management of clinical trials through soft wares and applications are a part of the e Clinical solutions system.

It has been observed that the hike in investment for Research & Development in Pharmaceutical and Biotechnology companies, the increment in grants and government funding for clinical trials, the expanding adoption of eClinical Solutions to facilitate Research and Development and clinical trial activity has aided and driven the global eClinical solutions market. Nevertheless, the lack of awareness & reluctance to adopt new technology, the increased costs related to eClinical Solutions will most likely restrain the market to a definite extent.

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Based on the regions the eClinical market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). The Asia Pacific region is anticipated to endure the highest growth rate, with the growth in this market centered at Japan, China and India. In addition, North America dominated the market of eClinical Solutions, which was then followed by Europe and Asia Pacific. North America will still continue to dominate the global eClinical Solutions market in the forecast period due to factors like the government's initiatives to support clinical trials and their highly developed healthcare system.

Browse key industry insights spread across 150 pages with market data tables & figures & charts in detail along with the table of contents: https://www.marketindustryreports.com/33/eclinical-solutions-market

Some Key Pointsof TOC:
COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
1. Oracle Corporation
2. EClinical Solutions, LLC
3. Parexel International Corporation
4. Bioclinica, Inc.
5. Datatrak International Inc.
6. ERT Clinical
7. Medidata solutions
8. Merger Healthcare Incorporated
9. Omnicomm Systems, Inc.
10. NextGen Healthcare (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)

High cost related to eClinical solutions implementation
Major concern related to the eclinical solutions market is the implementation cost involved. Any clinical trial data collection involves data collection that require infrastructure, legal and patient consent which adds to the incurred cost. Also skilled professionals are needed for data collection and handling of software. Moreover, growing security concerns and data breaches related to patients medical history and clinical trials data may hamper the growth of the eClinical solutions market to certain extent.
Growing R&D expenditure and focus on clinical trials
Pharmaceutical & Biotechnology companies are continuously investing in R&D and Contract research organization for conducting research. This has led them to adopt eClinical Solutions like Electronic data capture (EDC) and clinical trial management systems (CTMS) to capture data. Moreover, pharma-biotech have allocated budget for IT in drug discovery and development also government provide funds to support clinical trials.

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