Research and Markets: The Global eClinical Solutions Market is Estimated to Grow at a CAGR of 13.5% and is Expected to Reach $5 Billion By 2018

Research and Markets (http://www.researchandmarkets.com/research/ts24hk/eclinical) has announced the addition of the "eClinical Solutions Market by Products, Services, Buyers & Delivery Modes - Global Forecast to 2018" report to their offering.

The global eClinical solutions market has been categorized into two major segments, namely, products and professional services. The products market is further classified into clinical data management systems (CDMS)/electronic data capture (EDC), clinical trial management systems (CTMS), electronic clinical outcome assessment (eCOA), randomization and trail supply management (RTSM), safety solutions, and others. The others segment comprises core lab integration systems, regulatory information management services, and coding systems. The CDMS/EDC solutions segment accounted for the largest share of the global market, by product at an estimated $899.1 million in 2013; while the eCOA solutions market is expected to grow at the highest CAGR of 21.2% from 2013 to 2018. The professional services market includes implementation services, training, support services, and consulting.

In the report, the global market is further segmented on the basis of type of buyer (pharmaceutical/biopharmaceutical/medical device companies, clinical research organizations CROs), and healthcare providers) and delivery mode (web-hosted, on-premise, and cloud-based eClinical solutions) The global eClinical solutions market is estimated to grow at a CAGR of 13.5% from 2013 to 2018.

The global market was dominated by North America with a market share of 60.1%, followed by Europe with a share of 26.4% in 2013. However, the Asia-Pacific market is expected to grow at the highest CAGR of 19.5% from 2013 to 2018. A number of factors such as the presence of a large patient base, faster recruitment of patients in developing countries, availability of low cost CROs, increasing government support, and shortage of trial volunteers in North American and European countries are driving the growth of the eClinical solutions market in the Asia-Pacific region. Moreover, the growing number of pharmaceutical companies in this region is further stimulating the demand for eClinical solutions in the Asia-Pacific region.

Companies Mentioned:

- Bioclinica, Inc.

- CRF Health

- Datatrak International, Inc.

- Eresearch Technology, Inc.

- Medidata Solutions, Inc.

- Merge Healthcare Incorporated

- Omnicomm Systems, Inc.

- Oracle Corporation

- PHT Corporation

- Parexel International Corp.

For more information visit http://www.researchandmarkets.com/research/ts24hk/eclinical

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Sector: Healthcare and Medical Devices, E-Healthcare