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eClinical Solutions Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
" Projected to grow at a CAGR of around 12%,
eClinical solutions market is expected to witness
significant growth by 2024 owing to the increasing
demand for software solutions for clinical trials by
the pharma and biopharma companies."
The global eClinical solutions market is anticipated to exceed USD 13 billion by 2024. The major growth driving
factors include a rise in the R&D activities by various pharma and biopharma companies, growing application of
software solutions in medical trials, rising government funding for promoting clinical research programs,
increasing consumer base, and so on. In addition to this, rising outsourcing of medical trials to Contract
Research Organization (CROs), growing medical research programs in various Asian countries along with the
development of low-cost modules are also projected to boost the market growth.
However, high implementation prices, the lack of skilled labor & awareness about clinical data sciences
software are likely to hinder the growth of the market in the near future. The global market is divided into
products and regions.
The products sector includes Electronic Data Capture (EDC), Electronic Clinical Outcome Assessment (ECOA),
Clinical Data Management Systems (CDMS), Randomization and Trial Supply Management (RTSM), Safety
Solutions, Clinical Data Integration Platforms, Clinical Trial Management Systems (CTMS), and Electronic Trial
Master File (e-TMF). The ECOA sector is projected to experience the maximum growth rate over the forecast
period (from 2016 to 2024), while the CDMS and EDC sectors are anticipated to dominate the market t hrough
the year 2016.
Browse Details of Report @ https://www.hexaresearch.com/research-report/eclinical-solutions-market
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