New York, NY -- (SBWIRE) -- 08/01/2018 -- reach USD 2.17 Billion by 2025. The healthcare sector is witnessing substantial growth; the demand for research studies to come up with novel drugs and treatments is also increasing. Moreover, the need for centralized data capture system is also on the rise. These above factors are anticipated to fuel the product demand over the forecast period.

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Owing to a significant number of compelling scientific, operational and regulatory reasons, the use of electronic data capture is becoming the most preferred means of collecting clinical outcome assessment. Electronic PRO data collection starts from consulting companies such as Oracle, Paraxel and others who have their core experience in designing software for the healthcare and the pharmaceutical industry.

Market Segment on the basis of manufacturers, the report covers the following companies-
Oracle Corporation, Paraxel International Corporation, Medidata Solution, Inc., Merge Healthcare Incorporated, BioClinica, eClinical Solutions, CRF Health, ERT Clinical, OmniComm Systems, Inc.

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Market Segment on the basis of Type, the report covers:
The major types of eCOA solutions available in the market are web based, licensed and cloud based. The web-based solutions are dominating the market owing to ease of operations and availability of infrastructure. However, cloud based systems are expected to grow at a rapid rate owing to proven benefits due to adoption of cloud systems. The web-based solutions accrued for around 79.0% in 2017.

Market Segment on the basis of application, the report covers:
The major applications of eCOA are hospitals, contract research organizations, academic institutes, pharma and biotech companies and medical device manufacturers. The high cost of clinical assessments has resulted in increasing demand for eCOA in contract research organizations

Competitive Landscape:
Some of the major players in the market are IBM Watson Health; Oracle Corporation; Medidata Solutions Inc.; BioClinica; DATATRAK International, Inc.; PAREXEL International Corporation; CRF Health; ERT; eClinical Solutions; and OmniComm Systems Inc. In October 2017,

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