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Electronic Clinical Outcome Assessment Solution Market  Research Report Including SWOT Analysis, and Key Players Analysis By 2028

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Jain Martrin
Electronic Clinical Outcome Assessment Solution Market  Research Report Including SWOT Analysis, and Key Players Analysis By 2028

The global Electronic Clinical Outcome Assessment software market size was USD 0.95 Billion in 2020 and is expected to reach USD 2.52 Billion by 2028, at a CAGR of 17.6%, according to the latest analysis by Reports and Data. Market revenue growth is majorly driven by the growing adoption of cloud computing coupled with the increasing outsourcing of clinical trials to CROs.

The Electronic Outcome Assessment (eCOA) software and solutions enable clinical trials to proceed with time savings, which in turn aid outsourced companies to handle clinical trials while accelerating their accommodation with new projects in hand. 

The introduction of strict regulatory norms for the pharmaceutical and biotech industry has prompted the drug manufacturing companies to digitalize their clinical trial outcome process. As a result, demand for electronic outcome assessment software and solutions has drastically increased over the recent past.


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Some Key Highlights from the Report:

  • Based on application, the Contract Research Organizations (CROs) segment accounted for the largest revenue share of the global eCOA solutions market in 2020 and is expected to register significant growth through 2028 on account of growing demand from major pharmaceutical companies. The rapidly growing clinical research industry is positively impacting the electronic outcome assessment solutions industry.
  • Based on the application, the hospital segments is expected to account for a major revenue share over the forecast period owing to a large number of people visiting the hospitals and the associated requirement for eCOA solutions to store a massive amount of data for the future access.
  • In the regional landscape, the Asia Pacific market is expected to register a robust revenue CAGR of 21.3% over the forecast period attributable to a significant rise in the number of clinical trials conducted in APAC countries such as India and China. Factors such as increasing government funding to support clinical trials, the presence of a large patient base, growing number of pharmaceutical companies & CROs, coupled with less stringent regulatory guidelines compared to developed countries are offering major growth opportunities to the eCOA solutions market players. Moreover, the presence of assisting manpower in trials and skilled investigators, the latter being well-trained in good clinical practice in the countries across the Asia Pacific will further boost demand for eCOA solutions.

Leading companies operating in the market are:

eClinical solutions, OmniComm Systems, CRF Health, Paraxel International Corporation, Oracle Corporation, Medidata Solution, Inc., Kayentis, Merge Healthcare Incorporated and ERT Clinical among

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Electronic Clinical Outcome Assessment (eCOA) Solutions market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

To know more about the report @ https://www.reportsanddata.com/report-detail/electronic-clinical-outcome-assessment-ecoa-solutions-market

The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Electronic Clinical Outcome Assessment (eCOA) Solutions Market Segmentation:

Product Outlook (Revenue, USD Billion, 2018-2028)

  • Web-based Solution
  • Licensed Industries
  • Cloud-based

Application Outlook (Revenue, USD Billion, 2018-2028)

  • Hospitals
  • Contract Research Organizations
  • Academic institutes
  • Pharma and biotech companies
  • Medical Device Manufacturer

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Thank you for reading the report. Kindly note that we also offer customized reports according to the client requirement. Contact us to know more about the customization feature and our team will provide you with the best customized report. 

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.


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