The Latin America, Middle East and Africa Electronic Clinical Outcome Assessment Solution Market (ECOA) would witness market growth of 20.2% CAGR during the forecast period (2020-2026).
A Patient’s mental state, the prognosis of a disease, illness conditions, and the role of a patient in that situation can be evaluated with the help of Electronic clinical outcome assessment (eCOAs). The process of medical assessment can help in deciding if a drug is prescribed for the treatment or not. Some parts of electronic clinical outcome assessment are Clinician Reported Outcome Assessment (CLINRO), Observer Reported Outcome Assessment (OBSRO), Performance Outcome Assessment (PERFO), and Patient Reported Outcome Assessment (PRO).
There are various healthcare facilities such as health centers, hospitals, and clinical research organizations (CROs) groups that cover health issues. The increasing number of initiatives regarding the deployment of eClinical solutions taken by several private-public bodies & the rising adoption of eCOA among clinical research professionals are some of the primary factors that would fuel the growth of the global eCOA market.
The growth of the eCOA market is anticipated to be propelled by the increasing awareness of the electronic clinical outcome assessment (eCOA) & the effectiveness of these solutions. Leading players can obtain a competitive edge with the help of several research studies that aim to create advanced & new electronic clinical outcome assessment (eCOA); thereby creating various growth avenues for the electronic clinical outcome assessment (eCOA) market. On the other hand, the major restraints for the market growth are the absence of an appropriate healthcare IT framework & difficult regulatory approvals for these solutions in emerging countries.
Based on Delivery Mode, the market is segmented into Web-hosted eCOA, Cloud-based eCOA, and Licensed enterprises eCOA. Based on End Use, the market is segmented into Contract Research Organizations (CROs), Hospitals, Academic Institutes, Pharma & Biotech Companies and Medical Device Manufacturers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Web-hosted eCOA market dominated the South Africa Electronic Clinical Outcome Assessment (eCOA) Solutions Market by Delivery Mode in 2019, thereby, achieving a market value of $16.6 Million by 2026. The Cloud-based eCOA market is showcasing a CAGR of 21.6% during (2020 - 2026).
Free Valuable Insights: Electronic Clinical Outcome Assessment (eCOA) Market in LAMEA is expected to register a CAGR of 20.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Dassault Systemes SE, IQVIA Holdings, Inc., Parexel International Corporation (Pamplona Capital Management), IBM Corporation (Merge Healthcare), Signant Health, ERT Clinical, eClinical Solutions LLC, Castor EDC and Anju Software, Inc. (OmniComm Systems).
By Delivery Mode
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