Transparency Market Research

Global E-Clinical Trial Solutions Market Rises as Efforts to Make Clinical Trial Budgets Leaner Gain Momentum

Transparency Market Research Report Added "E-Clinical Trial Solutions Market" to its database.


Albany, NY -- (SBWIRE) -- 05/11/2016 -- Technology will be at the forefront of cutting-edge modern healthcare of which clinical research is an essential component, summarizes a report by Transparency Market Research (TMR). In TMR's new report on the e-clinical trial solutions market, factors aiding the expeditious use of technology with clinical research are explained at length. The title of the report is, "E-Clinical Trial Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019." To present this analysis, the report looks into growth drivers, restraints, technological developments, and product innovations for e-clinical trial solutions across North America, Europe, Asia Pacific, and Rest of the World for the forecast period.

E-clinical trial solutions refer to a combination of products, technologies, and services that coalesce to automate and manage clinical trials. These solutions are employed for the automation of processes in a bid to minimize human errors for clinical trials. Clinical experiments for novel drugs and medical devices require vast amounts of data to be scrutinized and utilized effectively. With the utilization of technology, the real-time analysis of this data has become easier, thereby leading to enhanced speed of clinical trials. This directly translates into benefits of reduced clinical trial costs, efficient data management, and integration of data from fewer trials for validated research outcomes. With technology advancing further, the development of user-friendly software and awareness about compliance benefits will aid the acceptance of e-clinical solutions for clinical research. These factors are collectively favoring the growth of the global e-clinical trial solutions market.

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The report studies the global e-clinical trial solutions market on the basis of technology, end user, and geography. Clinical trial management solutions (CTMS), randomization and trial supply management system, interactive voice response systems (IVRS), electronic data capture solutions, and electronic patient reported outcome (ePRO) are the technology segments of this market. By end user, the segments of this market are healthcare providers, pharmaceutical companies, and clinical research organizations (CROs). Presently, in clinical studies, outsourcing of clinical studies to CROs is trending, which is leading to an increase in the number of CROs. In particular, China and India have emerged as major locations for clinical trial outsourcing due to the availability of skilled personnel at a lower cost and relatively new infrastructure for clinical studies.

Web hosted (on-demand), cloud-based, and licensed enterprise (on-premise) are the segments of this market based on the mode of delivery.

Some of the leading companies in the global e-clinical trial solutions market are Oracle Health Sciences, eResearch Technology Inc., SA Institute Inc., Datatrak International, BioClinica, Clinipace Worldwide, Medidata Solutions, and Parexel International Corporation.

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