E-Clinical Solution Software Market to Rise due to Increasing Requirement for Enhanced Data Standardization


Published On : Apr 20, 2016

An e-clinical solution is software made for helping researchers find new ways of analyzing and managing clinical data. E-clinical solution software helps biotechnology, clinical research, pharmaceutical, and medical device and research organizations in enhancing their clinical research activities by utilizing cutting-edge technologies. The increasing availability of the internet and computers has aided the industry of clinical trials by introducing e-clinical technologies. The market for e-clinical solution software stood at more than US$3 bn in 2014 and is predicted to reach US$6.5 bn in 2020, rising at a 13.80% CAGR between 2014 and 2020.

Rising Clinical Trial Outsourcing to Propel E-Clinical Solution Software Market

The rising count of clinical trials and the rising spending on clinical research and development within the pharmaceutical industry are amongst the prime factors stimulating the growth of the market for e-clinical solution software. In addition, the rising clinical trial outsourcing and the increasing requirement for enhanced data standardization are also amongst the chief factors augmenting the growth of the market. The rising count of partnerships and collaborations is a key trend prevalent in the market. On the other hand, the high implementation cost and the absence of skilled workers are amongst the key factors impeding the growth of the market. In addition, the long approval time taken in case of clinical trials and the absence of high-speed broadband facilities in remote locations are also inhibiting the growth of the market.

Cloud-based E-Clinical Solution Software Segment to Rise at Swiftest Rate 

By product, the market is segmented into clinical data management, electronic clinical outcome assessment solutions, clinical trial management systems, safety solutions, and randomization and trial supply management. In terms of mode of delivery, the market is segmented into web-based e-clinical solution software, cloud-based e-clinical solution software, and licensed enterprise e-clinical solution software. Amongst these, the segment of web-based e-clinical solution software led the market and stood at US$2.2 bn in 2014. It is predicted to reach US$4.8 bn by 2020, expanding at a 14.60% CAGR between 2014 and 2020. On the other hand, the segment of cloud-based e-clinical solution software will register the swiftest growth rate. 

Pharmaceutical Industry to Lead Market from 2014 to 2020

By end use, the market for e-clinical solution software is segmented into clinical research organizations, the pharmaceuticals industry, and healthcare providers. Amongst these, e-clinical solution software is being highly demanded within the pharmaceutical industry, due to which this segment has emerged as the top end user in the forecast horizon. On the other hand, the segment of clinical research organizations is predicted to exhibit the highest growth rate in the forecast horizon.

North America E-Clinical Solution Software Market Dominates Global Market

Geographically, the market is segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). Amongst these, the region of North America dominated the e-clinical solution software market in 2014 and was valued at US$1.7 bn. This market is predicted to reach US$3.6 bn by 2020, expanding at a 12.60% CAGR between 2014 and 2020. On the other hand, the Asia Pacific e-clinical solution software market is predicted to experience the highest growth rate in the coming years.

The prime players operating in the market for e-clinical solution software are Oracle Corporation, BioClinica, and OmniComm Systems, among others.

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