The global eClinical solutions market has been categorized into two major segments, namely, products and professional services. The products market is further classified into clinical data management systems (CDMS)/electronic data capture (EDC), clinical trial management systems (CTMS), electronic clinical outcome assessment (eCOA), randomization and trail supply management (RTSM), safety solutions, and others. The others segment comprises core lab integration systems, regulatory information management services, and coding systems. The
Moreover, the global market has also been classified on the basis of type of buyer and delivery mode. On the basis of type of buyer, the market is classified into pharmaceutical/biopharmaceutical/medical device companies, clinical research organizations (CROs), and healthcare providers. Based on the type of delivery mode, the global market has been categorized into web-hosted, licensed enterprise, and cloud-based eClinical solutions. Based on geography, the market is divided into
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A number of factors such as the increasing pressure for reducing the cost and time consumed in the clinical trial process, growing need for improved data standardization in order to meet regulatory requirements, government funding for conducting clinical researches, and high expenditure on clinical R&D by pharmaceutical and biopharmaceutical companies are driving the growth of the global eClinical solutions market. However, factors such as, scarcity of a skilled labor force and high cost of eClinical systems are restraining the growth of the global market..
The global market was dominated by
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Partnerships, agreements, collaborations, and joint ventures were the key strategies adopted by major players, in order to strengthen their position in the global market. Along with these strategies, companies in this market adopted various other strategies such as, new product launches, product development, and mergers and acquisitions, to strengthen their product portfolio and expand their geographic presence.
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