e-Clinical Solutions come across as cloud-based, web-hosted (on-demand), or licensed enterprise (on-premise) software’s that provide an extended support to clinical trials. E-Clinical solutions are being preferred as the large quantity of data that is produced could be accessed with minimal efforts with the help of electronic data mining. This is something that could never be thought of through paper records. Research states that a conventional tertiary care hospital does generate data close to around 100 TB every single year.
eClinical Solutions come across as cloud-based, web-hosted (on-demand), or licensed enterprise (on-premise) software’s that provide an extended support to clinical trials. E-Clinical solutions are being preferred as the large quantity of data that is produced could be accessed with minimal efforts with the help of electronic data mining. This is something that could never be thought of through paper records. Research states that a conventional tertiary care hospital does generate data close to around 100 TB every single year.
As we know, the middle- and low-income nations are facing continual challenges with regards to provision of affordable, high-quality, and globally-accessible care. As such, program implementers, donors, and policy-makers are on the lookout of offbeat approaches for eliminating monetary and region-wise barriers to the health. This is where e-clinical solutions come into picture. Also, forgery regarding data related to medical research is done away with, along with transparency being maintained and redundancy being eliminated.
Clinical Data Management Systems (CDMS), Clinical Trial Management Systems (CTMS), Randomization and Trial Supply Management, EDC (Electronic Data Capture), eCOA (Electronic Clinical Outcome Assessments) and ePRO (Electronic Patient-reported Outcomes) are the e-Clinical solutions available at the moment.
PersistenceMarketResearch, through its latest report entitled “e-Clinical Solution Market”, has brought forth the fact that biopharmaceutical and pharmaceutical companies basically make use of software solutions while conducting clinical trials, so as to obtain approvals regarding the drugs developed newly. The companies profiled include Oracle Corporation, eClinical Solutions, CRF Health, PAREXEL International Corporation, Medidata Solutions Inc., IBM Watson Health, DATATRAK International, Inc., BioClinica, ERT, and OmniComm Systems Inc. As far as developments are concerned, Anju Software Inc. acquired OmniComm Systems for enhancing the portfolio pertaining to eClinical solutions through its capabilities related to data analysis.
PersistenceMarketResearch also harps on the point that the other modes of expansion are in full-swing. For instance – eClinicalWorks, in Nov 2019, collaborated with Humana Inc., GuideWell, and Trusted Health Plan for providing bi-directional healthcare interoperability solutions to the payers, providers, and patients. Also, “CRF Bracket” was formed in Sep 2018 as a joint venture between Bracket and CRF Health to make clinical research services available to the drug development companies.
PersistenceMarketResearch has also given the analysis based on geography. The region-wise segmentation is inclusive of North America (Canada, US), Europe (Spain, Italy, France, UK, Germany, and RoE), the Asia-Pacific (China, Japan, India, and the rest of the Asia-Pacific), LATAM (Brazil, Mexico, and the rest of LATAM), and MEA. It states that North America is the major revenue generator, which is due to growing target population along with prevalence of the chronic diseases like cardiac disorders and diabetes with Europe holding the second place therein.
The report also states that the Asia-Pacific is something to look into. This could be credited to more number of trials being outsourced to the economies like Korea, Japan, India, and China. These insights are provided to help the key players look through the trends and go ahead with their strategic planning accordingly. More budget could be allocated to drug discovery as the Asia-Pacific lessens the overheads in the form of a large patient pool.
Global Market Study on E-Clinical Solution Software: Blooming Clinical Trial Industry in China and India boosting the Overall Market Growth in AsiaRequest Sample