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eClinical Solutions Market Share, Size, Key Players, Insights, Development, Research and Forecasts to 2024 | Hexa Research
“eClinical Solutions Market To Surpass $13 Billion By 2024�
The Global eClinical Solutions Market is anticipated to exceed USD 13 billion by 2024. The major growth driving factors include a rise in the R&D activities by various pharma and biopharma companies, growin g application of software solutions in medical trials, rising government funding for promoting clinical research programs, increasing consumer base, and so on. In addition to this, rising outsourcing of medical trials to Contract Research Organization (CROs), growing medical research programs in various Asian countries along with the development of low-cost modules are also projected to boost the market growth. However, high implementation prices, the lack of skilled labor & awareness about clinical data s ciences software are likely to hinder the growth of the market in the near future. The global market is divided into products and regions. The products sector includes Electronic Data Capture (EDC), Electronic Clinical Outco me Assessment (ECOA), Clinical Data Management Systems (CDMS), Randomization and Trial Supply Management (RTSM), Safety Solutions, Clinical Data Integration Platforms, Clinical Trial Management Systems (CTMS), and Electronic Trial Master File (e-TMF). The ECOA sector is projected to experience the maximum growth rate over the forecast period (from 2016 to 2024), while the CDMS and EDC sectors are anticipated to dominate the market through the year 2016.
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