eClinical Solutions Market Size Worth $21.8 Billion By 2030

Published On: November 17, 2022

The global eClinical solutions market was valued at USD 7.2 billion in 2021 and is likely to value at USD 21.8 billion by 2030, advancing at a CAGR of 13.6% from 2022 to 2030. The high prevalence of chronic diseases such as cancer, cardiovascular diseases, and diabetes, along with the discovery of new infections now and then has supplemented the need for robust R&D in the pharma and biopharma industry. Thus, to offer effective medication and vaccinations, pharmaceutical industries are carrying out clinical trials. These trials or studies help professionals understand how the human body is reacting to drugs and if there is a need for changes to enhance their efficacy.

Many recognized healthcare organizations such as FDA monitor the clinical studies and certify them in case it finds them suitable for human consumption, hence the growing need for clinical studies and medical research will continue to positively influence the global eClinical solutions market in the times to come.

During the coronavirus pandemic, clinical laboratories witnessed a spike in demand for COVID-19 tests. eClinical solutions such as clinical data management systems helped laboratories to manage the huge spike in testing needs across the globe. Additionally, during the pandemic, there was huge pressure on pharma companies to rule out effective medication that helped fight the lethal disease as well as roll out vaccinations to prevent the increasing cases, as soon as possible. But with medical experts unable to come to centers due to restrictions announced by the government to curb infection rate, it became necessary to shift to the internet and work digitally thereby supplementing the adoption of eClinical solutions.

Digital transformation has played a pivotal role in transforming and upgrading a number of industries across the globe, this has driven the need for data-centric approaches which is likely to push market growth in the times to come. The demand for integrated clinical IT technology is rapidly rising owing to the massive volume of data generated during the process of clinical development. Moreover, eClinical solutions are known to offer a single source of information that further helps reduce the cost of operations by removing redundant data.

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eClinical Solutions Market Report Highlights

• Considering product, CTMS led the segment, holding 21% of the revenue share in 2021. Some of the benefits of CTMS driving its popularity include allowing real-time information regarding study status, budgeting, and AE reporting. CTMS also ensures enhanced operational efficiency, lowered cost, and clinical trial progress

• With respect to the mode of delivery, web-hosted segment dominated the market accounting for a revenue share of 74% in 2021. The rapid growth in this segment is due to its easy usability, the need for low investments, and accessibility. Moreover, web-hosted products can be personalized for various user groups and the products are capable of maintaining data in cloud servers

• Based on end-users, contact research organizations have showcased high application of eClinical solutions, leading the market with 36% of the revenue share in 2021. Additionally, the growing use of the solutions in research activities in order to reduce R&D expenses by pharma industries will continue to boost the scope of business

• Geographically, North America led the eClinical solutions market holding more than 51% of the revenue share in 2021. The high population in the region along with the high prevalence of chronic diseases like cardiovascular and diabetes has driven the need for advanced medication thus supplementing the need for advanced eClinical solutions. The presence of a robust pharma industry that is willing to spend on advanced R&D will continue to support the regional market growth

• Along similar lines, Asia Pacific is likely to emerge as a profitable revenue terrain and is expected to expand at a CAGR of 15.4%. Economic improvement in the region along with surging cases of cancer has supported the need for software solutions in the region 

eClinical Solutions Market Report Segments 

eClinical Solutions 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)

eClinical Solutions Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)
    • Web-hosted (On demand)
    • Licensed Enterprise (On premise)
    • Cloud-based

eClinical Solutions Development Phase Outlook (Revenue, USD Million, 2017 - 2030)
    • Phase I
    • Phase II
    • Phase III
    • Phase IV

eClinical Solutions End-use Outlook (Revenue, USD Million, 2017 - 2030)
    • Hospitals/Healthcare providers
    • CROs
    • Academic Institutes
    • Pharma & Biotech Organizations
    • Medical Device Manufacturers

eClinical Solutions 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

List of Key eClinical Solutions Market Players
    • Datatrak International, Inc.
    • Oracle
    • Parexel International Corporation
    • Dassault Systemes
    • Bioclinica
    • CRF Health
    • ERT Clinical
    • eClinicalWorks
    • IBM Watson Health
    • Anju Life Sciences Software
    • eClinical Solutions