Electronic Clinical Outcome Assessment (eCOA) Market which was USD 1.22 billion in 2021, would rocket up to USD 4.08 billion by 2029 and is expected to undergo a CAGR of 16.30% during the forecast period 2022 to 2029.
Electronic clinical outcome evaluation has proven to be extremely effective and cost-effective over time. The pharmaceutical sector is rapidly increasing its investment in clinical trials, while the demand for the development of clinical data management is always increasing. The expansion of cloud computing in the pharmaceutical business is projected to positively impact market growth. On the other side, the electronic clinical outcome assessment (eCOA) has a high initial installation cost, which is a major worry for clinical trial sponsors and mid-sized pharmaceutical manufacturers.
Electronic Clinical Outcome Assessment (eCOA) Solutions Market Insights
Drivers
- Rising need for efficiency of clinical trials
The market for electronic clinical outcome assessment (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.
- Increasing number of clinical trials
The market is expected to rise due to the need to improve compliance, effectively capture and manage clinical information, cost reductions, and increase research and development (R RD) activities.
- Rising burden on pharmaceutical manufacturers
New medication development techniques are increasingly turning to electronic data capture rather than paper-based procedures to reduce total expenses. Data collecting using electronic clinical outcome assessment platforms improves the quality of data obtained, harmonizes data gathering practices, and provides considerable value to its users, such as data analysis.
Market Opportunities
- Increasing use of electronic clinical outcome assessments by medical research specialists
- Increase patient participation
Industry Segmentation
The electronic clinical outcome assessment (eCOA) market is segmented on the basis of product, delivery mode, approach, platform, and end-user.
Product
- On-Premise Solutions
- Cloud-Based Solutions
- Web-Based Solutions
Delivery Mode
- Web-hosted
- Cloud-based
Approach
- Patient-reported Outcome (PRO)
- Clinician-reported Outcome (ClinRO)
- Observer-reported Outcome (ObsRO)
- Performance Outcome (PerfO)
Platform
- Contract Research Organizations
- Pharmaceutical and Biopharmaceutical Companies
- Medical Device Manufacturers
- Hospitals and Clinical Laboratories
- Consulting Service Companies
- Research and Academia
- Others
End-User
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations
- Other End-Users
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Market Country Level Analysis
- The countries covered in the electronic clinical outcome assessment (eCOA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- North America dominates the electronic clinical outcome assessment (eCOA) market as in the U.S., in comparison to other regions of the world, the number of suppliers of electronic clinical outcome assessment (eCOA) is relatively high, accompanied by strong technological adoption in a well-established healthcare system.
- In Asia-Pacific, China is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 as the region has potential for growth in clinical trials from several pharmaceutical companies and the country is taking measures to improve clinical trials.
Industry Share Analysis
The electronic clinical outcome assessment (eCOA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electronic clinical outcome assessment (eCOA) market.
Some of the major players operating in the electronic clinical outcome assessment (eCOA) market are:
- IBM Corporation (U.S)
- IQVIA (U.S)
- Medidata Solutions, Inc. (U.S)
- Clario (U.S)
- ArisGlobal (U.S)
- Signant Health (U.S)
- TransPerfect (U.S)
- Cloudbyz (U.S)
- Climedo Health GmbH (Germany)
- ClinCapture (U.S)
- Oracle Corporation (U.S)
- Paraxel International Corporation (U.S)
- eClinical Solutions LLC (U.S)
- OmniComm Systems, Inc. (U.S)
- CRF Health (U.S)
- European Round Table (U.S)
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Major TOC Of the Report
- Chapter One: Introduction
- Chapter Two: Industry analysis
- Chapter Three: Market Overview
- Chapter Four: Industry segmentation
- Chapter Five: Industry share analysis
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