eClinical Solution Market Share

Global eClinical Solution Market Overview

The eClinical Solution Market Size was valued at USD 8.24 billion in 2023 and is projected to grow from USD 9.32 Billion in 2024 to USD 25.14 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.19% during the forecast period (2024 - 2032).The growing importance of high-quality clinical data and the rising need for patient compliance are the key market drivers enhancing market growth. 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

In May 2024, EDETEK, a prominent company that offers advanced solutions for clinical trials, is pleased to announce the launch of CONFORM™ eClinical Version 5.1. This latest iteration provides a comprehensive set of integrated components specifically developed to optimize and improve the process of managing clinical trials. The CONFORM™ eClinical Version 5.1 software incorporates a comprehensive set of interconnected features, including Electronic Data Capture (EDC), Randomization and Trial Supply Management (RTSM), Clinical Trial Management System (CTMS), electronic Trial Master File (eTMF), Pharmacovigilance/Safety (PV/Safety), electronic Diary (eDiary), electronic Patient-Reported Outcomes (ePRO), electronic Clinical Outcome Assessment (eCOA), ePayment, and eConsent. In addition, it has comprehensive Study Management, centralized and risk-based monitoring, and data visualization modules. 

In October 2023, Mednet, a healthcare technology business, unveiled its newest software update that includes electronic consent capabilities (eConsent) on the iMednet eClinical platform. The purpose of the new eConsent module is to offer a straightforward and economical solution for gathering and retaining participant consent. It is specifically developed to meet the requirements of hybrid, virtual, and decentralized clinical trials, while also promoting the goal of achieving a more diverse participant population. iMednet eConsent is a native solution that is highly customizable and completely connected with the iMednet EDC-centric platform and other high-quality modules. 

eClinical Solution Market Trends

• The growing importance of high-quality clinical data to boost the market growth

Due to the growing importance of high-quality clinical data, eCOA is predicted to have the fastest growth rate with a CAGR of 15 point 2 percent. The measurement of patient-reported, clinician-reported, and observer-reported outcomes increasingly incorporates elements of eCOA, which aids in preserving the overall quality. The data collection process using eCOA platforms enhances the quality of information captured, streamlines the data collection process, and provides efficient data analysis.

The use of eCOA solutions, which can successfully address challenges posed by paper-based records, is driven further by the rising need for patient compliance. The main benefits of eCOA include eliminating data variance risk, streamlined information, and reduced site monitoring costs. Its demand is anticipated to increase due to the abovementioned advantages in the upcoming years. The need for integrating clinical research studies with patient care, which results in a more patient-centric approach, is also anticipated to support the eClinical Solution market revenue growth.

For most clinical research researchers, patient recruitment and retention are significant operational challenges. Clinical trial timelines and costs are frequently extended due to the need for real-time access to research data and manual data generation for protocol matrices. This could delay the launch of successful drug candidates by affecting all phases, particularly research planning, data collection, management, regulatory submission and reporting, and data analysis. As a result, researchers are gravitating toward cutting-edge eClinical solutions that are more cost effective than traditional methodologies while also improving clinical trial efficiency, site performance, and workload efficiency. Pharmaceutical companies and independent researchers can use these software solutions to model, forecast, and track clinical trial enrollment. In recent years, identifying the operational bottlenecks related to clinical trials has enhanced the eclinical solution market CAGR globally.

eClinical Solution Market Segment Insights

eClinical Solution Type Insights

Based on type, the market segments of eClinical Solution includes Clinical Data Management System (CDMS), Randomization and Trial Supply Management (RTSM), Electronic Clinical Outcome Assessment (eCOA), and Clinical Trial Management System (CTMS). The Electronic Clinical Outcome Assessment (eCOA) segment held the majority share in 2022, contributing to the eClinical Solution market revenue. Due to the growing importance of high-quality clinical data, eCOA is predicted to have the fastest growth rate with a CAGR of 15-point 2 percent. The measurement of patient-reported, clinician-reported, and observer-reported outcomes increasingly incorporates elements of eCOA, which aids in preserving overall quality. The data collection process using eCOA platforms enhances the quality of information captured, streamlines the data collection process, and provides efficient data analysis. The use of eCOA solutions, which can successfully address challenges posed by paper-based records, is driven further by the rising need for patient compliance.

eClinical Solution Delivery Modes Insights

The eClinical Solution market segmentation is based on Delivery Modes Web-Based, Cloud-Based, and Enterprise-based. The Web-Based segment dominated the market in 2022 and is projected to be the faster-growing segment during 2024-2032. The dominance of the market can be attributed to advantages like ease of use, usability, and low initial investment. Because web-hosted products are easily customizable, providers can alter how information is presented to different user groups. These products are more interoperable than others in their class. The market is poised to hold its position for the duration of the forecast. Due to integrated features like flexibility, high accessibility, low handling costs, and simple data backup, the cloud-based segment is predicted to experience an exponential CAGR of 15-point 1 percent during the forecast period, positively impacting the market growth.

eClinical Solution Clinical Trial Phase Insights

The clinical Trial Phase has bifurcated the market data of eClinical Solution into Phases I, II, and III. The Phase III segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032. Growing demand for integrating clinical data management software to reduce overall costs and boost process efficiency is a factor in the segment's expansion. The success of more and more drugs in getting to phase III is giving the market a big boost. In Phase III, the effectiveness of a drug is investigated using a population of more than 1,000 patients. As the study's patient population grows, its complexity also rises, driving demand for computer-based data management systems and accelerating the adoption of eClinical solutions.

eClinical Solution End-Users Insights

The End-Users have bifurcated the eClinical Solution market data into Contract Research Organizations (CROs), and Pharma/Biotech Companies. The Contract Research Organizations (CROs) segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032. Due to pharmaceutical companies' growing propensity to cut overall spending, the CROs segment is anticipated to grow at the fastest CAGR of 14 points and 2 percent during the forecast period. The growing use of eClinical solutions in research further expands the potential for segment growth. The advantages of outsourcing clinical trials to CROs are to blame for the increased growth of this market. These advantages include lower costs, improved service efficiency, increased output, and a stronger emphasis on key development areas essential to a company's expansion.

Figure 2: eClinical Solution Market, by Clinical Trial Phase, 2023 & 2032 (USD Billion) 

The clinical Trial Phase has bifurcated the eClinical Solution market data into Phases I, II, and III. The Phase III segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2024-2032. Growing demand for integrating clinical data management software to reduce overall costs and boost process efficiency is a factor in the segment's expansion. The success of more and more drugs in getting to phase III is giving the market a big boost. In Phase III, the effectiveness of a drug is investigated using a population of more than 1,000 patients. As the study's patient population grows, its complexity also rises, driving demand for computer-based data management systems and accelerating the adoption of eClinical solutions.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

eClinical Solution Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America’s eClinical Solution market accounted for USD 2.977 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The market is expected to grow due to an expanding target population and the prevalence of lifestyle-related illnesses like diabetes and cardiac disorders. Introducing new products is also driving the market in the region through suppliers of eClinical solutions and an increase in government grants. Additional factors anticipated to boost the regional market’s growth include notable players' residences and sophisticated infrastructure availability.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: eClinical SOLUTION MARKET SHARE BY REGION 2022 (%) 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s eClinical Solution market accounts for the second-largest market share. Government funding for research and drug development, a major driver of Europe’s market's growth as an emerging economy, is anticipated to accelerate that growth over the forecast period. Further, the German market of eClinical Solution held the largest market share, and the UK market of eClinical Solution was the fastest-growing market in the European region.

The Asia-Pacific eClinical Solution Market is expected to grow at the fastest CAGR from 2024 to 2032. In the region, there is a high unmet medical need and an increase in the prevalence of target chronic diseases like cancer, cardiovascular disease, and infectious diseases. Due to their large patient populations and low costs, nations like China, India, Korea, and Japan are receiving more trials. As a result, the use of eClinical solutions in these areas has increased due to this outsourcing. Moreover, China’s market of eClinical Solution held the largest market share, and India’s market of eClinical Solution was the fastest-growing in Asia-Pacific.

eClinical Solution Key Market Players & Competitive Insights

Major market players are spending much on R&D to increase their product lines, which will help the market of eClinical Solution grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the eClinical Solution industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the eClinical Solution industry to benefit clients and expand the market sector. The eClinical Solution industry has provided medicine with some of the most significant benefits in recent years. The eClinical Solution markets major players such as ERT Clinical, PAREXEL International Corporation, BioClinica Inc., CRF Health, Oracle Corporation, DATATRAK International Inc., Merge Healthcare Inc, Medidata Solutions Inc., Omnicomm Systems, MaxisIT, and others are working on expanding the market demand by investing in research and development activities.

ERT Clinical, Thousands of customer operations professionals provide ERT Clinical with Unmatched deployment capability. We have the regulatory and operational know-how to execute globally with trials in more than 120 countries, translations in more than 100 languages, and experience from delivering over 19,000 trials.

Also, PAREXEL International Corporation To speed up the time it takes for patients to receive life-saving treatments, Parexel, one of the world's biggest clinical research organizations (CROs), offers a full range of Phase I to IV clinical development services. Our team of more than 20,000 professionals collaborates with biopharmaceutical leaders, up-and-coming innovators, and sites to design and deliver clinical trials with patients in mind. By leveraging the depth of our clinical, regulatory, and therapeutic expertise, we make clinical research a treatment option for anyone, anywhere.

Key Companies in the market of eClinical Solution include

eClinical Solution Industry Developments

November 2022:Quantzig introduced a broad portfolio of clinical data analytics solutions to bolster its market position in the international market. These tactics used by the major market players will help the market growth over the projection period.

November 2022:To assist clinical research organizations (CROs) and promote the use of decentralized clinical trials (DCT), Castor reported the beginning of a new program.

eClinical Solution Market Segmentation

eClinical Solution Type Outlook

• Clinical Data Management System (CDMS)


• Randomization and Trial Supply Management (RTSM)


• Electronic Clinical Outcome Assessment (eCOA)


• Clinical Trial Management System (CTMS)

eClinical Solution Delivery Mode Outlook

• Web-Based


• Cloud-Based


• Enterprise-based

eClinical Solution Clinical Trial Phase Outlook

• Phase I


• Phase II


• Phase III

eClinical Solution End User Outlook

• Contract Research Organizations (CROs)


• Pharma/Biotech Companies

eClinical Solution Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America