E-clinical trial solutions are a combination of technology, products
and services that work together to automate and manage clinical trials. This
term is used to refer to electronic systems that are used for conducting or
automating the management of clinical trials and minimizing human
errors.Conducting clinical trials for a novel drug requires efficient
management of large amount of essential data with real-time analysis.Such
management solutions improve efficiency, enhance the speed of clinical trials
process, reduce clinical trial costs, and enable better data management and
integration of different trial data for efficient observation.
E-clinical trial solutions market is segmented on the basis of
technologies employed such as clinical trials management systemsCTMS,
electronic data capture (EDC) solutions, randomization and trial supply
management system,electronic patient reported outcome (ePRO),interactive voice
response systems (IVRS)and interactive response technology (IRT).These
technologies are widely used in e-clinical trials solution systems. Similarly,
geographically this market is segmented into North America, Europe,
Asia-Pacific and rest of the world (RoW).
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This market can be further segmented on basis of the end-users, namely,
healthcare providers, clinical research organizations (CROs) and pharmaceutical
companies. Increasing trend in outsourcing of clinical trial processes to CROs
by pharmaceutical companieshas led to an increase in the number of CROs
globally. China and India are the major destinations for clinical trial
outsourcing due to availability of highly skilled labor force at lower cost and
overall low cost of operations. Also, on the basis of the delivery mode the
global e-clinical trial solutions market can be categorized into web hosted
(on-demand), licensed enterprise (on premise) and cloud-based markets.
The major factors responsible for driving the growth of this market
include technological advances in the field of e-clinical solutions,
globalization of clinical trials and various benefits such as reduced cost of
trials and increased efficiency and accuracy offered by e-clinical solutions.
In the future, better, user-friendly access of software and awareness of
compliance benefits will aid in increasing the acceptance and penetration of
e-clinical solutions in the global market.
Some of the key players operating in this market include Oracle Health
Sciences, BioClinica, eResearch Technology, Inc., Clinipace Worldwide,SAS
Institute, Inc., MedidataSolutions, Datatrak International, Inc.and
ParexelInternational Corporation.
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This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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