The latest Fact.MR study indicates healthcare facilities, contract research organizations, and educational & research institutes collectively spent ~US$ 1,950 Mn on eCOA, eSource and clinical trials solutions in 2018. The eCOA, eSource & clinical trials market is envisaged to witness substantial traction through 2019, with gains primarily driven by the growing penetration of digitization in healthcare sector and substantial increase in pharma spending on clinical trials.
Rapidly expanding deployment of clinical trial solutions, which contributed to ~40% of the total spending on eCOA, eSource, and clinical trials in 2018, will continue to appeal a widening bandwidth of institutions through 2029, and says the report.
Spending on eCOA Set to Quadruple
The Fact.MR study opines that though the deployment of clinical trial solutions overshadowed the use of Electronic Clinical Outcome Assessment (eCOA), eSource, and EDA in 2018, the market is envisaged to witness a range of changes during the foreseeable period. Growing penetration of Bring Your Own Device (BYOD) trend in clinical trials is highly likely to pace up the use of eCOAs, such as ePROS, ClinROs, ObsROs, and PerfORs across wide range of pharmaceutical companies and research facilities.
eCOAs is envisaged to hold ~45% of the overall spending share by the end of 2029, in line with the growing use of smartphones and tablets to seamlessly collect clinical data for analysis. Additionally, reduced cost and high scalability of eCOA are the primary determinants that continue to push its adoption during clinical trials, which is envisaged to contribute significantly to the growth of the eCOA, eSource & clinical trials market.
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Stakeholders Eyeing Opportunities through Collaborations
As the healthcare sector delves deeper into advanced technology, a large number of companies have formulated unique strategies to remain unaffected by the curve of change. Several pharmaceutical companies, research organizations and CROs have placed their focus on collaborations, while they embrace digitization to create patient-centric experiences. For instance, Signant Health has launched a partner program to collaborate with Clinical Research Organizations (CROs) that are dedicated towards improving clinical trials using patient-centric technology.
The latest Fact.MR study indicates healthcare facilities, contract research organizations, and educational & research institutes collectively spent ~US$ 1,950 Mn on eCOA, eSource and clinical trials solutions in 2018.
The eCOA, eSource & clinical trials market is envisaged to witness substantial traction through 2019, with gains primarily driven by the growing penetration of digitization in healthcare sector and substantial increase in pharma spending on clinical trials.Rapidly expanding deployment of clinical trial solutions, which contributed to ~40% of the total spending on eCOA, eSource, and clinical trials in 2018, will continue to appeal a widening bandwidth of institutions through 2029, says the report.Competitive Assessment The eCOA, eSource & clinical trials market report includes global as well as emerging players:OpenClinica, LLCCRF Health, Inc.ERT ClinicalMedidata Solutions, Inc.ArisGlobal LLCHealth Diary, Inc.ICON plcPAREXEL International CorporationOmniComm Systems, IncPAREXEL International CorporationMedrio, Inc.PAREXEL International CorporationMedableThe insights for each vendor consists of:Company profileSWOT analysisMain market informationMarket shareRevenue, pricing and gross marginRequest for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=4042Regional Analysis Important regions covered in the eCOA, eSource & clinical trials market report include:North AmericaLatin AmericaEuropeMiddle East and AfricaEast AsiaSouth AsiaOceaniaSpending on eCOA Set to Quadruple The Fact.MR study opines that though the deployment of clinical trial solutions overshadowed the use of Electronic Clinical Outcome Assessment (eCOA), eSource, and EDA in 2018, the market is envisaged to witness a range of changes during the foreseeable period.
Growing penetration of Bring Your Own Device (BYOD) trend in clinical trials is highly likely to pace up the use of eCOAs, such as ePROS, ClinROs, ObsROs, and PerfORs across wide range of pharmaceutical companies and research facilities.eCOAs is envisaged to hold ~45% of the overall spending share by the end of 2029, in line with the growing use of smartphones and tablets to seamlessly collect clinical data for analysis.
Additionally, reduced cost and high scalability of eCOA are the primary determinants that continue to push its adoption during clinical trials, which is envisaged to contribute significantly to the growth of the eCOA, eSource & clinical trials market.The eCOA, eSource & clinical trials market report also provides data regarding the key countries in the defined regions.Segmentation AnalysisBy Solution Type:ePROs (Patient Reported Outcomes)ClinROs (Clinician Reported Outcomes)ObsROs (Observer reported Outcomes)PerfOs (Performance Outcomes)eSourceClinical Data Management Systems (CDMS)Clinical Trial Management Systems (CTMS)Randomization and Trial Supply Management Systems (RTMS)Trail Planning and Safety SolutionsElectronic Data Capture (EDC)By end user:Contract Research OrganizationsHospitals & Other Healthcare FacilitiesPharmaceutical/Biotechnology/Medical Devices CompaniesEducational & Research InstitutesWhat insights does the eCOA, eSource & clinical trials market report provide to the readers?ECOA, eSource & clinical trials market fragmentation on the basis of product type, end use, and region.Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.Collaborations, R projects, acquisitions, and product launches of each eCOA, eSource & clinical trials market player.Various regulations imposed by the governments on the consumption of eCOA, eSource & clinical trials market in detail.Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global eCOA, eSource & clinical trials market.Stakeholders Eyeing Opportunities through CollaborationsAs the healthcare sector delves deeper into advanced technology, a large number of companies have formulated unique strategies to remain unaffected by the curve of change.
Several pharmaceutical companies, research organizations and CROs have placed their focus on collaborations, while they embrace digitization to create patient-centric experiences.
For instance, Signant Health has launched a partner program to collaborate with Clinical Research Organizations (CROs) that are dedicated towards improving clinical trials using patient-centric technology.Additionally, Iqvia has recently launched a novel eCOA cloud based technology platform to quantify the patient experience, while increasing efficiency and reducing timelines at the same time.Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=4042Growing Demand for Clinical Trials to Underpin Spending of Emerging RegionsAs per the Fact.MR study, the increasing prevalence of various chronic infectious diseases has led to a dire unmet need for efficient clinical trials in developing countries.
Analysis of the Global ECOA, eSource & Clinical Trials MarketA new study published by Fact.MR on the global ECOA, eSource & Clinical Trials market includes a global analysis and opportunity assessment for the period 2019-2029.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the ECOA, eSource & Clinical Trials market with maximum accuracy.The latest Fact.MR study indicates healthcare facilities, contract research organizations, and educational & research institutes collectively spent ~US$ 1,950 Mn on eCOA, eSource and clinical trials solutions in 2018.
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
The impact of the novel COVID-19 pandemic on the ECOA, eSource & Clinical Trials market is assessed in the report along with valuable insights pertaining to how market participants are adapting to the current situation.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4042In a bid to recognize the growth prospects in the eCOA, eSource & Clinical Trials market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
Each segment of the eCOA, eSource & Clinical Trials market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North AmericaLatin AmericaEuropeJapanAPEJMEAThe key players in the global eCOA, eSource & Clinical Trials market report consist ofPAREXEL International CorporationOpenClinica LLCCRF Health IncERT ClinicalMedldata Solutions, IncArisGlobal LLCHealthDiary IncEach market player encompassed in the eCOA, eSource & Clinical Trials market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.
