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Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 117-page research report “Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2019 – 2026” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2019 to 2026.
The eCOA Solutions market is projected to grow at a CAGR of 14.9%, in terms of value, from 2016 to reach USD 2.17 Billion by 2025. The healthcare sector is witnessing substantial growth; the demand for research studies to come up with novel drugs and treatments is also increasing. Moreover, the need for centralized data capture system is also on the rise. These above factors are anticipated to fuel the product demand over the forecast period.
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Major Players in Electronic Clinical Outcome Assessment (eCOA) Solutions market are:
IBM Watson Health; Oracle Corporation; Medidata Solutions Inc.; BioClinica; DATATRAK International, Inc.; PAREXEL International Corporation; CRF Health; ERT; eClinical Solutions; and OmniComm Systems Inc.
By solutions and services, the global Electronic Clinical Outcome Assessment (eCOA) Solutions market is categorised into mobile enterprise management, endpoint security, identity and access management (IAM), mobile security, security information and event management (SIEM), content security, data loss prevention (DLP), datacenter security, and firewall. The mobile enterprise management solution segment is expected to have the highest growth rate owing to its wide adoption in contactless payment systems within various industries.
eCOA Market, By Type
The major types of eCOA solutions available in the market are web based, licensed and cloud based. The web-based solutions are dominating the market owing to ease of operations and availability of infrastructure. However, cloud based systems are expected to grow at a rapid rate owing to proven benefits due to adoption of cloud systems. The web-based solutions accrued for around 79.0% in 2017. The major advantages provided by the web based system are cost effective development, easy accessibility, easily customizable, improved interoperability, easy installation and maintenance, flexible core technology and adaptable to handle increasing work load.
eCOA Market, By Application
The major applications of eCOA are hospitals, contract research organizations, academic institutes, pharma and biotech companies and medical device manufacturers. The high cost of clinical assessments has resulted in increasing demand for eCOA in contract research organizations. Hospitals are one of the major application segments within the market. The demand is driven by large number of population visiting the hospitals and the large amount of data being required to be stored in the hospitals for future access. Hospitals are incorporating electronic data capturing services to enhance and improve the patient engagement in research studies, as eCOA digitally collects the information from both patients and doctors.
Electronic clinical outcome assessment has proven over the time to be cost effective and be benefited from saving costs by both the clinical trial sponsors. These clinical trial sponsors are usually pharma and biotechnology companies testing an orphan drug or trying a new variant of their product. Pharma industry spending on clinical trials has been witnessing a significant increase in spending on clinical trials, with clinical data management rapidly growing at an aggressive 12% YoY over the past three years. Strict regulatory norms being imposed over the industry during the period 2016-2017 are forcing drug manufacturing companies to digitalize the process of their clinical trial outcomes, which would involuntary allow software solution providers to increase their market share in this segment. Moreover, Cloud adaptations among pharmaceutical companies have witnessed a rise of 21% over the period 2011 to 2018. This shift in strategies is mainly observed due to outsourcing of clinical trials across the globe.
Major Regions that plays a vital role in Electronic Clinical Outcome Assessment (eCOA) Solutions market are:
– North America
– Middle East & Africa
– South America
Understanding the market size
The size of the Electronic Clinical Outcome Assessment (eCOA) Solutions market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Electronic Clinical Outcome Assessment (eCOA) Solutions report.
Key Points from Table Of Content:
3 Company (Top Players) Profiles
3.1 Oracle Corporation
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Electronic Clinical Outcome Assessment (eCOA) Solutions Revenue (Million USD) (2013-2018)
3.1.5 Recent Developments
3.2 Paraxel International Corporation
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Electronic Clinical Outcome Assessment (eCOA) Solutions Revenue (Million USD) (2013-2018)
1. Understand the demand for Electronic Clinical Outcome Assessment (eCOA) Solutions products and services to determine the viability of the business.
2. Determine the developed and new markets where Electronic Clinical Outcome Assessment (eCOA) Solutions technology is consumed.
3. Formulate a product market strategy – based on the position in the value chain and determine the optimal product/service placement.
4. Identify the gap areas and address them.
5. Develop strategies based on the industry and economic factors for each of the segments.
6. Define the competitive positioning by comparing the products and services with the key players in the market.
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