Global e-clinical solutions industry is anticipated to grow at a CAGR of around 14% during the forecast period of 2015-2020, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 06/10/2015 -- Traditional paper-based clinical trials using Case Report Forms are not only expensive but time consuming and introduce many layers of human error and delay the trial outcome ultimately. With paper trials the delay in access to data can range for several months, and cost millions in lost sales. The direct costs involved in printing and mailing Case Report Forms (CRFs), double data entry, monitoring visits, resolving queries using paper, data cleaning costs, and the costs of storing and archiving thousands of pages of paper, are huge. As a result revenue generation of the pharmaceutical companies gets affected.
E-clinical solutions were introduced in the market to increase the efficiency of the whole drug development process. With the right Electronic Data Capture tools in place Sponsors save cost and time both and have transparency to all aspects of study data in an instant, where there are significantly fewer queries and monitoring visits, faster resolution to queries, immediate access to reports and study data and an overall shorter study duration. On the backdrop of this cost effectiveness e-clinical solutions market is forecasted to grow at a CAGR of around 14% during 2015-2020.
The report, "Global E-Clinical Solutions Market Outlook 2020", covers extensive research and thorough analysis of the e-clinical solutions market across the globe. It also presents a critical analysis and an unbiased view into the state of the global e-clinical solutions industry, including the current and future market size and its application in various sectors. It includes e-clinical software application in clinical data management, clinical trial management, electronic outcome assessment and randomization and trial supply management.
The research has also included further analysis of e-clinical services market (implementation, training, support and consulting), mode of delivery market (web-hosted, on-premise and cloud based) and end users market (pharmaceutical, CROs and healthcare service providers). The report also features a thorough analysis of North America, Europe and Asia Pacific market including the major countries in them which throws a light on current market scenario and future market potentials of e-clinical solutions there. Moreover, our study also looks into the key players in the global market including their business overview, key financials and recent developments. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.