Published Date: 9-Mar-2021
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According to a new report Global Electronic Clinical Outcome Assessment Solution Market (eCOA) Market, published by KBV research, The Global Electronic Clinical Outcome Assessment Solution Market (eCOA) size is expected to reach $2.4 billion by 2026, rising at a market growth of 19% CAGR during the forecast period.
The Web-hosted eCOA market dominated the Global Electronic Clinical Outcome Assessment (eCOA) Solutions Market by Delivery Mode in 2019. The cloud-based eCOA services segment would exhibit prominent growth during the forecast period. Cloud-based solutions offer various benefits which create a shift in preference from the web-hosted to cloud-based services. Using cloud-based platforms, users can reduce the possibilities of data theft, & monitor all the information by offering a safe platform for the sharing of information, and don’t need well-built IT infrastructure.
The Contract Research Organizations (CROs) market dominated the Global Electronic Clinical Outcome Assessment (eCOA) Solutions Market by End-use in 2019. The Hospitals market is expected to witness a CAGR of 18.7% during (2020 - 2026). With an aim to enhance patient engagement in research studies, hospitals are increasingly deploying electronic data capturing services. This is because eCOA solutions are capable of gathering information from both the patients as well as doctors in a digital manner. eCOA is capable to gather information on handheld devices including browsers, patients’ Bring-Your-Own-Device (BYOD), smartphones & tablets, and interactive voice response systems. These solutions use safe & secure systems that fulfill all the regulatory standards for capturing clinical data.
The North America market dominated the Global Electronic Clinical Outcome Assessment (eCOA) Solutions Market by Region in 2019. The Asia Pacific market is estimated to grow at a CAGR of 20.6% during the forecast period. The increasing government investment in clinical research and drug discovery is among the major reasons for the growth of this region. In addition to it, the regional eClinical services market would witness high growth due to the increasing demand for personal care devices and associated services because of high government investment in healthcare. Moreover, India & china have emerged as outsourcing hubs for leading pharma & biotech companies which are expected to be a major factor toward the increasing demand for eCOA solutions over the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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