SAN FRANCISCO, May 7, 2018 /PRNewswire/ --
The global eClinical solutions market size is expected to reachUSD 12.0 billion by 2025, according to a new report by Grand View Research, Inc., registering a 13.6% CAGR during the forecast period. Increasing outsourcing and externalization of clinical trials by a majority of the prominent
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Drug development process is enhanced by various solutions such as clinical data management, electronic data capture, data conversion, and standardization as well as statistical programming and data reporting. Rising inclination of major pharmaceutical companies toward these services is also presumed to be a direct consequence of reduced requirement of internal staff, enhanced cost-efficiency, efficient management of resources, and production of lucrative and unbiased results in trials, which further widens the scope for growth.
Increasing competition amongst majority of pharmaceutical companies is urging them to expand their R&D budgets, thus resulting in many pipeline products. Cumulatively, increasing number of patent expirations is also presumed to be responsible for extensive indulgence of pharmaceutical corporations into drug development and discovery, resulting in production of wide range of pipeline products. This increasing pipeline of products demands a streamlined workflow of all processes, roles, and activities, leading to efficient clinical data management. All these factors are expected to drive demand for these solutions over the forecast period.
Browse full research report with TOC on "eClinical Solutions Market Analysis Report By Product (eCOA, CTMS, EDC, CDMS), By Delivery Mode (Web-hosted, Licensed Enterprise, Cloud-based), By Clinical Trial Phase, By End Use, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/eclinical-solutions-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global eClinical solutions market on the basis of product, delivery mode, clinical trial phase, end use, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/healthcare
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.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: email@example.com
SOURCE Grand View Research, Inc.
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