GVR Report cover eClinical Solutions Market Size, Share & Trends Report

eClinical Solutions Market Size, Share & Trends Analysis Report By Product (eCOA, CTMS, EDC & CDMS), By Delivery Mode (Web-hosted, Licensed Enterprise, Cloud-based), By Development Phase, By End Use, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: 978-1-68038-874-9
  • Number of Pages: 190
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Healthcare

Report Overview

The global eClinical solutions market size was estimated at USD 7.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.6% from 2022 to 2030. Increasing research and development activities by biopharma and pharma companies is one of the key trends escalating market growth. Besides this, the growing incorporation of software solutions in clinical trials is also projected to provide a fillip to the market. The COVID-19 pandemic boosts the adoption of the market, as companies in the market were investing in better healthcare IT solutions to help in tackling the pandemic.

U.S. eClinical solutions market size, by delivery mode, 2020 - 2030 (USD Billion)

For instance, in April 2020, eClinical Solutions LLC, developed the elluminate COVID-19 analytics, which was based on feedback from the industry and its clients for helping the sponsors manage the impact of COVID-19 on their ongoing clinical trials. The burgeoning trend of outsourcing clinical trials to contract research organizations (CROs) along with a rising number of CROs and life sciences organizations is poised to help the market gain tremendous traction in the coming years. In addition, growing research programs in Asian countries and the development of cost-effective modules are anticipated to stir up the demand for eClinical solutions.

Moreover, the presence of a stringent regulatory structure for clinical trials and a heightened need for safety monitoring is playing a vital role in the growth of the market for eClinical solutions in developed economies such as the U.S.For instance, the U.S. Department of Health and Human Services and the National Institutes of Health are tightening clinical trial registration requirements and promoting clinical data sharing. Surging demand for software solutions for clinical trials by pharma and biopharma companies is one of the primary growth stimulants of the market for eClinical solutions. Apart from this, increasing government grants to substantiate trials and widening the end-user base for eClinical solutions are likely to boost the market for eClinical solutions during the review period.

Product Insights

The CTMS segment dominated the market for eClinical solutions and accounted for the largest revenue share of over 21.0% in 2021. eCOA is estimated to be the fastest-growing segment during the forecast period owing to the rising significance of high-quality clinical data. eCOA facilitates the preservation of overall quality and is being increasingly incorporated in the measurement of patient-reported, clinician-reported, and observer-reported outcomes. The data capturing process using eCOA platforms improve the quality of information captured, streamlines data collection procedures, and offers effective data analysis.

Soaring need for patient compliance is further pushing the usage of eCOA solutions, which can effectively meet challenges posed by paper-based records. Elimination of data variance risk streamlined information and lowering of site monitoring cost are key advantages associated with eCOA. These aforementioned benefits are expected to fuel its demand in the coming years. Moreover, the need for integration of patient care with clinical research studies, which leads to a more patient-centric approach, is projected to supplement the growth of the segment.

Delivery Mode Insights

The web-hosted segment dominated the market for eClinical solutions and accounted for the largest revenue share of over 74.0% in 2021. The dominance of the segment can be attributed to associated benefits such as easy accessibility, usability, and lower investments required. Web-hosted products are easily customizable, owing to which, providers can customize the presentation of information for different user groups. Additionally, these products have a greater level of interoperability. The segment is poised to maintain its position throughout the forecast period.

The cloud-based segment is anticipated to exhibit an exponential CAGR of 15.1% during the forecast period owing to integrated features such as flexibility, high accessibility, negligible handling costs, and easy data backup. Real-time data is available through these systems, which enables users to take quick decisions and provide high-quality information for risk-based monitoring. These associated advantages are anticipated to bolster the demand for cloud-based systems.

Development Phase Insights

The phase III segment dominated the eClinical solutions market and accounted for the largest revenue share of over 53.0% in 2021. Spiraling needs for incorporation of clinical data management software to curb overall cost and improve process efficiency is contributing to the growth of the segment. An increasing number of drugs successfully reaching phase III is providing a significant push to the growth of the segment. Phase III involves the study of the efficacy of a drug by using a group of more than 1,000 patients. The complexity of the study increases with an increase in the number of patients, which triggers the demand for computer-based systems for data management, thereby revving up the adoption of eClinical solutions.

The phase I segment is estimated to be the most promising segment during the forecast period owing to the high significance of these systems to predict future outcomes and eliminate drug candidates possessing the least probability of success. Developments in biological modeling systems and personalized medicine technologies are leading to a boom in the development of newer drugs. A large number of phase I trials and complex management and analysis of data acquired during various studies is expected to propel the growth of the segment.

End-use Insights

The CROs segment dominated the market for eClinical solutions and held the largest revenue share of over 36% in 2021. The segment is projected to rise at a remarkable CAGR during the forecast period owing to the growing inclination of pharmaceutical companies to reduce overall expenditure. The rising usage of eClinical solutions in research is further widening the scope of segment growth. Benefits involved in outsourcing clinical trials to CROs are responsible for the heightened growth of this segment. These benefits include cost advantages, increased efficiency of services, enhanced productivity, and a higher focus on core areas of development critical to a company’s growth.

Global eClinical solutions market share, by end use, 2021 (%)

The pharma and biotech organizations segment is expected to witness significant growth over the forecast period. This is attributed to the increasing adoption of eClinical solutions by researchers that provide improved clinical trials and streamlined research workload. Such software solutions allow biotechnology and pharmaceutical companies to identify procedural bottlenecks related to clinical trials. This, in turn, is driving the demand for eClinical solutions among researchers in pharmaceutical and biotechnology companies for clinical research programs.

Regional Insights

North America dominated the market for eClinical solutions and accounted for the largest revenue share of over 51% in 2021. An increasing target population, coupled with the rising prevalence of lifestyle-associated diseases such as diabetes and cardiac disorders, is poised to stimulate the growth of the market. In addition, the launch of new products by eClinical solution vendors and an increase in government grants is driving the market in the region. Moreover, the domicile of prominent players and the availability of sophisticated infrastructure are some additional factors that are anticipated to accentuate the growth of the regional market.

In Asia Pacific, the market for eClinical solutions is likely to register a noteworthy CAGR at 15.4% over the forecast period. High unmet medical needs and the rising prevalence of target chronic diseases such as cancer, cardiovascular conditions, and infectious diseases are stoking the demand for software solutions in the region. An increasing number of trials are outsourced to countries such as China, India, Korea, and Japan owing to a large patient population and low cost. This outsourcing has, thereby, boosted the adoption of eClinical solutions in these regions. As an emerging economy, the growth of the APAC market is largely driven by government funding related to research and drug discovery, which is estimated to enhance its growth over the forecast period.

 Key Companies & Market Share Insights

The key players are involved in various growth strategies such as new product development, mergers and acquisitions, and collaborations, which are helping them consolidate their position in the market. In January 2021, Parexel International Corporation collaborated with Signify Health for offering new solutions to their customers for enabling access to a more diverse and traditionally underrepresented population for their clinical trials. Furthermore, in December 2020, ERT and Bioclinica announced their merger. The merger is aimed at making ERT and Bioclinica leaders in clinical trial endpoint technology. Some of the prominent players in the eClinical solutions market include:

  • Datatrak International, Inc.

  • Oracle

  • Parexel International Corporation

  • Dassault Systemes

  • Bioclinica

  • CRF Health

  • ERT Clinical

  • eClinicalWorks

  • IBM Watson Health

  • Anju Life Sciences Software

  • eClinical Solutions

eClinical Solutions Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 7.9 billion

Revenue forecast in 2030

USD 21.8 billion

Growth Rate

CAGR of 13.6% from 2022 to 2030

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Product, delivery mode, development phase, end-use, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; MEA

Country Scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; Netherlands; Sweden; Denmark; Japan; China; India; South Korea; Australia; New Zealand; Taiwan; Singapore; Hong Kong; Thailand; Vietnam; Brazil; Argentina; Chile; South Africa; Saudi Arabia; UAE; Egypt; Qatar

Key companies profiled

Datatrak International, Inc.; Oracle; Parexel International Corporation; Dassault Systemes; Bioclinica; CRF Health; ERT Clinical; eClinical Works; IBM Watson Health; Anju Life Sciences Software; eClinical Solutions

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global eClinical solutions market report on the basis of product, delivery mode, development phase, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2017 - 2030)

    • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS) 

    • Clinical Trial Management Systems (CTMS)

    • Clinical Analytics Platforms

    • Randomization and Trial Supply Management (RTSM) 

    • Clinical Data Integration Platforms

    • Electronic Clinical Outcome Assessment (eCOA)

    • Safety Solutions

    • Electronic Trial Master File (eTMF)

  • Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

    • Web-hosted (On demand)

    • Licensed Enterprise (On premise)

    • Cloud-based

  • Development Phase Outlook (Revenue, USD Million, 2017 - 2030)

    • Phase I

    • Phase II

    • Phase III

    • Phase IV

  • End-use Outlook (Revenue, USD Million, 2017 - 2030)

    • Hospitals/Healthcare providers

    • CROs

    • Academic Institutes

    • Pharma & Biotech Organizations

    • Medical Device Manufacturers

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Netherlands

      • Sweden

      • Denmark

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

      • New Zealand

      • Taiwan

      • Hong Kong

      • Singapore

      • Thailand

      • Vietnam

    • Central & South America

      • Brazil

      • Argentina

      • Chile

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Egypt

      • Qatar

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