The global Electronic Clinical Outcome Assessment Solution market size was USD 0.95 Billion in 2020 and is expected to reach USD 2.52 Billion by 2028, at a CAGR of 17.6%, according to the latest analysis by Reports and Data. Market revenue growth is majorly driven by growing adoption of cloud computing coupled with increasing outsourcing of clinical trials to CROs.
The Electronic Outcome Assessment (eCOA) software and solutions enable clinical trials to proceed with time savings, which in turn aid outsourced companies to handle clinical trials, while accelerating their accommodation with new projects in hand.
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Introduction of strict regulatory norms for the pharmaceutical and biotech industry have prompted the drug manufacturing companies to digitalize their clinical trial outcome process. As a result, demand for electronic outcome assessment software and solutions has drastically increased over the recent past. Rapid proliferation of cloud computing in the pharmaceutical industry coupled with increasing spending on clinical data management systems is expected to boost eCOA solutions market revenue over the forecast period.
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Some Key Highlights from the Report:
- Based on application, the Contract Research Organizations (CROs) segment accounted for largest revenue share of the global eCOA solutions market in 2020 and is expected to register significant growth through 2028 on account of growing demand from major pharmaceutical companies. Rapidly growing clinical research industry is positively impacting electronic outcome assessment solutions industry.
- Based on application, the hospitals segments is expected to account for major revenue share over the forecast period owing to large number of people visiting the hospitals and associated requirement for eCOA solutions to store massive amount of data for future access.
- In the regional landscape, Asia Pacific market is expected to register robust revenue CAGR of 21.3% over the forecast period attributable to significant rise in the number of clinical trials conducted in APAC countries such as India and China. Factors such as increasing government funding to support clinical trials, presence of a large patient base, growing number of pharmaceutical companies & CROs, coupled with less stringent regulatory guidelines compared to developed countries are offering major growth opportunities to the eCOA solutions market players. Moreover, the presence of assisting manpower in trials and skilled investigators, the latter being well-trained in good clinical practice in the countries across Asia Pacific will further boost demand for eCOA solutions.
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Key Players covered in this report are:
eClinical solutions, OmniComm Systems, CRF Health, Paraxel International Corporation, Oracle Corporation, Medidata Solution, Inc., Kayentis, Merge Healthcare Incorporated and ERT Clinical among others.
Product Outlook (Revenue, USD Billion, 2018-2028)
- Web-based Solution
- Licensed Industries
- Cloud-based
Application Outlook (Revenue, USD Billion, 2018-2028)
- Hospitals
- Contract Research Organizations
- Academic institutes
- Pharma and biotech companies
- Medical Device Manufacturer
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- The Electronic Clinical Outcome Assessment (eCOA) Solutions industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
- Electronic Clinical Outcome Assessment (eCOA) Solutions industry development trends, marketing channels, feasibility of new investment projects, and overall conclusions of research are presented.
With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
As a valuable source of guidance and direction for companies and individuals interested in the market, the report provides key statistics on the state of the industry through tables and figures. - Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
- This report also analyzes production processes, production costs and import/export figures, as well as cost, price, revenue and gross margins, as well as development policies
- The Electronic Clinical Outcome Assessment (eCOA) Solutions Market report provides key statistics on the market status of the Electronic Clinical Outcome Assessment (eCOA) Solutions manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
As well as providing key statistics on the market status of the Electronic Clinical Outcome Assessment (eCOA) Solutions manufacturers, the Electronic Clinical Outcome Assessment (eCOA) Solutions Market report provides valuable guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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