The global Electronic Clinical Outcome Assessment (eCOA) Solution market size was USD 0.95 billion in 2020 and is expected to register a CAGR of 17.6% during the forecast period. Electronic clinical outcome assessment has proven over time to be cost-effective and be benefited from saving costs by both the clinical trial sponsors. eCOA measures overall mental state, patient symptoms, and the progression of a disease. Pharmaceutical industry spending on clinical trials has been witnessing a significant increase in spending on clinical trials, with clinical data management rapidly growing. Advancement of cloud computing in the pharmaceutical industry is also one of the crucial factors influencing market growth. However, the initial high cost of implementing eCOA solution remains a rising concern for mid-scale pharmaceutical manufacturers or sponsors of clinical trials.
Report and Data has recently published a global Electronic Clinical Outcome Assessment (eCOA) Solutions Market market research report that offers a comprehensive assessment of the market size, market share, revenue growth, top companies, and revenue forecast for 2021-2028. RnD estimates the market is expected to reach USD 10.34 Billion by year 2028, at a CAGR of 3.51% during the forecast period. The report offers key insights into key regions, segments and sub-segments, market dynamics, and growth and restraining factors. RnD assess the market revenue of the global Electronic Clinical Outcome Assessment (eCOA) Solutions Market considering 2018-2019 as the historic years, 2020 as the base year, and a forecast period of 2021-2028. The report data has been curated with extensive primary and secondary research with the data further validated and verified from the experts, professionals, and analysts. The key data has been arranged in charts, graphs, and other pictorial representation for better understanding of the market.
It is segmented into key regions around the world based on growth rate, share, size, trends, current and emerging factors, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and key player presence across the globe. To gain a better understanding of the regional spread and progress of the Electronic Clinical Outcome Assessment (eCOA) Solutions Market market, the report provides a country-by-country analysis of the market.
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Market Overview:
A growing number of patients are benefiting from cell and gene therapies; previously incurable diseases are finding a cure. Pharmaceutical and healthcare sectors are changing rapidly. With the advent of artificial intelligence (AI) and machine-learning technologies, expectations are rising for more inventive, faster, and less expensive therapeutic development. A data-driven approach could be beneficial to the manufacturing, supply chain, and healthcare ecosystem at large. As a result of increased technology use and data sharing, as well as increased willingness to use prescription and treatment tools, attitudes and behaviors of consumers are changing. Over the next few years, such factors are expected to drive the growth of the pharmaceutical and healthcare markets.
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Companies considered and profiled in this market study
OmniComm Systems, eClinical solutions, CRF Health, Oracle Corporation, Paraxel International Corporation, Kayentis, Medidata Solution, Inc., Merge Healthcare Incorporated and ERT Clinical. In June 2018, Kayentis entered into a strategic partnership with OmniComm Systems, Inc. for patient data collection in clinical trials. By integrating OmniComm’s TrialMaster electronic data capture (EDC) and Kayentis’s Clin’form, eCOA solution the companies plan on serving life sciences clients.
Based on Product Type market is segmented into:
- Web-based Solution
- Licensed Industries
- Cloud-based
Based on Application market is segmented into:
- Hospitals
- Contract Research Organizations
- Academic institutes
- Pharma and biotech companies
- Medical Device Manufacturers
Based on Region market is segmented into:
- North America;
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- S.
- Canada
- K.
- Germany
- France
- BENELUX
- China
- India
- Japan
- South Korea
- Brazil
- Saudi Arabia
- UAE
- Turkey
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Major Points covered in this report are as below:
- In this report, market development trends and marketing channels in the Electronic Clinical Outcome Assessment (eCOA) Solutions Market industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.
- This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
- Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
- For companies and individuals interested in the Electronic Clinical Outcome Assessment (eCOA) Solutions Market industry, the Electronic Clinical Outcome Assessment (eCOA) Solutions Market Market report provides information on the current market status of the Electronic Clinical Outcome Assessment (eCOA) Solutions Market manufacturers and provides valuable guidance and direction.
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