E-clinical Trial Solutions Market - Efforts to Make Clinical Trial Budgets Leaner Gain Momentum
ALBANY, NY, UNITED STATES - Nov 16, 2016 - E-clinical trial solutions are a combination of technology, products and services that work together to automate and manage clinical trials. This term is used to refer to electronic systems that are used for conducting or automating the management of clinical trials and minimizing human errors.Conducting clinical trials for a novel drug requires efficient management of large amount of essential data with real-time analysis.Such management solutions improve efficiency, enhance the speed of clinical trials process, reduce clinical trial costs, and enable better data management and integration of different trial data for efficient observation.
E-clinical trial solutions market is segmented on the basis of technologies employed such as clinical trials management systemsCTMS, electronic data capture (EDC) solutions, randomization and trial supply management system,electronic patient reported outcome (ePRO),interactive voice response systems (IVRS)and interactive response technology (IRT).These technologies are widely used in e-clinical trials solution systems. Similarly, geographically this market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW).
Perceive the Forward Perspective on E-clinical Trial Solutions at:http://bit.ly/2f3flhZ
The report studies the global e-clinical trial solutions market on the basis of technology, end user, and geography. Clinical trial management solutions (CTMS), randomization and trial supply management system, interactive voice response systems (IVRS), electronic data capture solutions, and electronic patient reported outcome (ePRO) are the technology segments of this market. By end user, the segments of this market are healthcare providers, pharmaceutical companies, and clinical research organizations (CROs). Presently, in clinical studies, outsourcing of clinical studies to CROs is trending, which is leading to an increase in the number of CROs. In particular, China and India have emerged as major locations for clinical trial outsourcing due to the availability of skilled personnel at a lower cost and relatively new infrastructure for clinical studies.
Web hosted (on-demand), cloud-based, and licensed enterprise (on-premise) are the segments of this market based on the mode of delivery.
Some of the leading companies in the global e-clinical trial solutions market are Oracle Health Sciences, eResearch Technology Inc., SA Institute Inc., Datatrak International, BioClinica, Clinipace Worldwide, Medidata Solutions, and Parexel International Corporation.