New York, NY, March 01, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Electronic Clinical Outcome Assessment Solutions Market Share, Size, Trends, Industry Analysis Report, By Delivery Mode (On-premise, Web & Cloud-based); By End-Use; By Region; Segment Forecast, 2023 - 2032” in its research database.
“According to the latest research study, the global electronic clinical outcome assessment solutions market size & share is anticipated to be valued at approximately USD 1.55 Billion in 2022 and is projected to hit a revenue of around USD 6.27 Billion by 2032, at a CAGR of around 15.0% between 2023 and 2032.”
What are Electronic Clinical Outcome Assessment Solutions (eCOA)? How Big is Electronic Clinical Outcome Assessment Solutions (eCOA) Market?
- Report Overview
Electronic clinical outcome assessment is a method of capturing outcomes data electronically in clinical trials. The rapidly rising demand for the electronic clinical outcome assessment solutions market can be attributed to the fact that these tools can improve the reliability of data by using edit checks to minimize missing or out-of-range data and by allowing participants to submit data contemporaneously.
An increasing number of clinical trials, the need to improve compliance, effectively capture and manage critical information, the need to reduce costs, and increasing R&D factors are expected to drive the market's growth. In December 2020, kayentis, a French company specializing in eCOA solutions, received funding of about USD 8.3 million. This facilitated its objectives for regional expansion and product development.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key data covered in the market report
- Industry drivers, restraints, and opportunities are covered in the study.
- A neutral perspective on market performance.
- Recent industry trends and developments.
- Competitive landscapes and strategies of key players.
- Potential and niche segments and regions exhibiting promising growth are covered.
Some of the Top Market Payers Are:
- IBM
- IQVIA
- Medidata Solutions
- Clario
- ArisGlobal
- Signant Health
- Oracle Corporation
- Paraxel International Corporation
- TransPerfect
- CRF Health
- Cloudbyz
- Clime do Health GmbH
- ClinCapture
- OmniComm Systems
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/electronic-clinical-outcome-assessment-solutions-market/request-for-sample
Electronic Clinical Outcome Assessment Solutions (eCOA) Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 6.27 Billion |
| Market size value in 2023 | USD 1.78 Billion |
| Expected CAGR Growth | 15.0% from 2023 - 2032 |
| Base Year | 2021 |
| Forecast Year | 2023 - 2032 |
| Top Market Players | IBM, IQVIA, Medidata Solutions, Clario, ArisGlobal, Signant Health, Oracle Corporation, Paraxel International Corporation, TransPerfect, CRF Health, Cloudbyz, Clime do Health GmbH, ClinCapture, and OmniComm Systems. |
| Segments Covered | By Delivery Mode, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Key factors driving market growth
- Increasing improvisation in the quality of the information received to push the market
The rising burden on pharmaceutical manufacturers to cut overall costs for new drug development procedures has resulted in their rising inclination towards electronic data capturing from paper-based procedures. The electronic clinical outcome assessment solutions market size is expanding as the data capturing through eCOA platforms improves the quality of the information received, harmonizes the data collection procedure, and offers significant value to its users, such as data analysis.
Electronic-based services for data capturing and analyzing meet all the challenges of paper-based records with increased patient compliance. Electronic clinical outcome assessment solutions market sales are soaring as they also eliminate the risk of data variance and minimize the site monitoring cost. Streamlined information offered by these solutions helps improvise the data quality by collecting the information in a structured way.
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Recent trends influencing the market
Growing demand for integrated processes to drive the market
The market for eCOA is being driven by clinical trials and the growing demand for integrated and automated processes. The solutions are essential for improving study data quality and complying with regulatory standards.
The market is expected to rise due to the need for improved compliance, effective capture and manage clinical information, cost reductions, and increased research and development activities.
Segmentation assessment
- Web and cloud-based segment is predicted to dominate the market
Based on delivery mode, the web, and the cloud-based segment is anticipated to dominate the market. The electronic clinical outcome assessment solutions market demand is on the rise due to the benefits of their applications. Some of the primary benefits provided by these systems include remote access and sharing to prevent potential data misuse.
- The contract research organizations segment will account for a significant share
Based on end use, the contract research organizations segment will account for a significant share. Electronic clinical outcome assessment solutions market trends include the rise in the market due to outsourcing clinical research management by important biopharmaceutical and medical device companies. Additionally, the expansion of the segment is facilitated by the development of new and inventive technologies that permit faster analysis which is more user-friendly.
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Geographic Overview
- Cutting-edge research facilities to propel the North American market
North America held the largest electronic clinical outcome assessment solutions market share due to the creation of new drugs, which is expected to be fuelled in the upcoming years by the presence of technologically cutting-edge research facilities, medical device producers, academic institutions, and hospitals as well as better health care infrastructure will accelerate regional growth. Additionally, the use of eClinical platforms is expected to increase in the upcoming years due to initiatives and acquisitions made by important end users and market participants.
Browse the Detail Report “Electronic Clinical Outcome Assessment Solutions Market Share, Size, Trends, Industry Analysis Report, By Delivery Mode (On-premise, Web & Cloud-based); By End-Use; By Region; Segment Forecast, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/electronic-clinical-outcome-assessment-solutions-market
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Recent Developments
- In March 2022, Amazon Web Services & THREAD introduced the "THREAD platform" driven by enterprise-scale automated and constructed artificial intelligence-driven technologies to speed up and enhance contemporary clinical trials.
The Report Responds to The Following Key Questions
- What will be the market size and growth rate by the conclusion of the forecast period?
- What are the major trends in the market that are influencing its growth?
- Who are the key players in this market?
- Which are the key areas of applications and product types that may expect a huge demand during the forecast period?
- What are the main findings of Porter’s five forces analysis and the SWOT analysis of the major companies in the market?
- What are the key strategies adopted by companies in the impact market?
Polaris Market Research has segmented the electronic clinical outcome assessment solutions market report based on delivery mode, end-use, and region:
By Delivery Mode Outlook
- On-premise
- Web & Cloud-based
By End Use Outlook
- Hospitals/Healthcare Providers
- Contract research organizations (CROs)
- Pharmaceutical & Biotechnology Firms
- Medical Device Companies
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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