The global eClinical solutions market size is expected to reach USD 12.05 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.6% during the forecast period. Increasing research and development activities by biopharma and pharma companies, rising application of software solutions in clinical trials, and expanding customer base are anticipated to fuel the demand for eClinical solutions.
The eClinical solutions market is estimated to witness phenomenal growth over the forecast period. Technological advancements in the field of clinical trials such as electronic data capture and prevalence of Wi-Fi connectivity are projected to drive the market in coming years. As the demand for tracking and analyzing clinical data increases, the need for effective clinical solutions rises. Unmet needs to manage efficient clinical development process are poised to boost the growth of the market over the forecast period.
Moreover, digital transformation in the field of clinical trials and shifting preference towards data centric approach are providing a tremendous push to the market. Demand for integrated clinical IT solutions is increasing due to massive volume of data generated during clinical development processes. eClinical solutions offer single source of information that helps in optimizing the cost by eliminating redundant data entry and reducing on-site verification and source data verification rate. Rising awareness regarding these benefits is propelling the market.
Adoption of eClinical workflows in trials offer enormous potential in clinical development processes. These solutions can facilitate decision making in each stage of development. It also helps in reducing cost & time between development phase by utilizing seamless designs & identifying failing compounds. In addition, it offers rapid access to data & patient safety information, which is helpful in making quick decisions.
Full research report on eClinical solutions market analysis: https://www.grandviewresearch.com/industry-analysis/eclinical-solutions-market
Further Key Findings From the Study Suggest:
View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global eClinical solutions market report on the basis of end-user application and region:
eClinical Solutions Product Outlook (Revenue, USD Million, 2014 – 2025)
eClinical Solutions Delivery Mode Outlook (Revenue, USD Million, 2014 – 2025)
eClinical Solutions Clinical Trial Outlook (Revenue, USD Million, 2014 – 2025)
eClinical Solutions End-use Outlook (Revenue, USD Million, 2014 – 2025)
eClinical Solutions, Regional Outlook (Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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