- 6 December 2019 16:18
eClinical Solutions Market - Trends and Demands is Anticipated to Grow at a CAGR of 13.0% from 2019 to 2030
The continual growth of the eClinical Solutions Market can be attributed to increasing R&D expenditure in Pharmaceutical and Biotechnology companies, rising government funding and grants for clinical trials, growing adoption of eClinical Solutions to streamline R&D and clinical trial activity. Moreover, increasing government expenditure on clinical trials to provide better healthcare has been a major factor to contribute to the substantial growth of the global hospital eClinical Solutions system market between 2019 and 2030.
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The report charts the future of the Global eClinical Solutions Market for the forecast period, 2019 to 2030. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors
The prominent players in the global eclinical solutions Market are:
Parexel International Corporation
Datatrak International Inc.
Merger Healthcare Incorporated
NextGen Healthcare among others.
High cost related to eClinical solutions implementation
Major concern related to the eclinical solutions market is the implementation cost involved. Any clinical trial data collection involves data collection that require infrastructure, legal and patient consent which adds to the incurred cost. Also skilled professionals are needed for data collection and handling of software. Moreover, growing security concerns and data breaches related to patients medical history and clinical trials data may hamper the growth of the eClinical solutions market to certain extent.