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Markets and Markets : eClinical Solutions Market by Product, Services & Delivery Modes worth $5 Billion by 2018

June 27, 2014



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 CDMS/EDC solutions segment accounted for the largest share of the global market, by product at an estimated $899.1 million in 2013; while the eCOA solutions market is expected to grow at the highest CAGR of 21.2% from 2013 to 2018. The professional services market includes implementation services, training, support services, and consulting.

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 North America, Europe, Asia-Pacific, and Rest of the world (RoW).

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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 North America with a market share of 60.1%, followed by Europe with a share of 26.4% in 2013. However, the Asia-Pacific market is expected to grow at the highest CAGR of 19.5% from 2013 to 2018. A number of factors such as the presence of a large patient base, faster recruitment of patients in developing countries, availability of low cost CROs, increasing government support, and shortage of trial volunteers in North American and European countries are driving the growth of the eClinical solutions market in the Asia-Pacific region. Moreover, the growing number of pharmaceutical companies in this region is further stimulating the demand for eClinical solutions in the Asia-Pacific region.

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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.

PAREXEL International Corporation (U.S), BioClinica, Inc. (U.S.), CRF Health (U.S.), DATATRAK International, Inc. (U.S.), Medidata Solutions, Inc. (U.S.), Oracle Corporation (U.S.), PHT Corporation (U.S.), eResearch Technology, Inc. (U.S.), Merge Healthcare Incorporated (U.S.), OmniComm Systems, Inc. (U.S.), and PAREXEL International Corp. (U.S.) are the key players in the global market. As of 2012, Oracle Corporation (U.S.) held the leadership position in the global CDMS/EDC solutions as well as the CTMS solutions market, while PHT Corporation (U.S.) held the leadership position in the global eCOA solutions market.

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