In a recent published report, Kenneth Research has updated the market report for E-Clinical Solution Software Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for E-Clinical Solution Software Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global E-Clinical Solution Software Market is estimated to reach $10.6 billion by 2024; growing at a CAGR of 13.4% from 2016 to 2024. E-clinical solution is software that is used for automating the management of clinical trials. It is capable of replacing manually-driven methods. This technology aids in managing large data, increase efficiency, and reduces the development costs. E-clinical solutions are used in various research organizations, pharmaceuticals, and biotechnology companies. Adoption of e-clinical technologies are on rise, owing to stringent government regulations and stiff competition faced by pharmaceutical and biopharmaceutical sectors. These software aids in faster and improved execution of captured clinical trial data. It also provides effective planning, implementation and tracking of clinical trials data from several environmental areas.
The global e-clinical solution software market is driven by factors such as increasing R&D budgets, growing number of clinical trials, rising outsourcing of clinical trials, and several government allowances supporting clinical trials. Though, high initial investment and lack of skilled professionals may hinder the growth of the market. Furthermore, development of advanced technologies and untapped markets would provide future scope for market players.
The global e-clinical solution software market is categorized into mode of delivery, product, end-user, and geography. Mode of delivery is classified into web based e-clinical solution software, enterprise licensed, and cloud based e-clinical solution software. Product is categorized into clinical trial management system, clinical data management, safety solution, electronics clinical outcome assessment solution, randomization and trail supply management, and others. Furthermore, end-user is bifurcated into pharmaceuticals, clinical research organization, and healthcare providers.
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By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
The major players operating in the market include ERT, Medidata Solutions, Inc., eClinical Solutions, Inc., OmniComm Systems, Oracle Corporation, Bio-Optronics, Inc., BioClinica Inc., PAREXEL International Corporation, DATATRAK International, Inc., and CRF Health Inc., among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global E-Clinical Solution Software Market with respect to major segments such as mode of delivery, product, and end-user. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global E-Clinical Solution Software Market from 2015 to 2024 has been included in the report. Profile of the key players in the Global E-Clinical Solution Software Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of the Global E-Clinical Solution Software Market.
Mode of delivery Segments:
Web Based E-Clinical Solution Software
Enterprise Licensed
Cloud Based E-Clinical Solution Software
Product Segments
Clinical Trial Management System
Clinical Data Management
Safety Solution
Electronics Clinical Outcome Assessment Solution
Randomization and Trail Supply Management
Other Products
End-User Segments
Pharmaceuticals
Clinical Research Organization
Healthcare Providers
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Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
China
Japan
India
South Korea
Others
RoW
South America
Middle East
Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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