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Global E-Clinical Solution Software Market to Reach US$6.8 bn by

Global E-Clinical Solution Software Market expand at a CAGR of 13.80% during the period from 2014 to 2020 and reach a market value of US$6.8 bn by the end of 2020. The pharmaceutical industry, the healthcare sector, and chemical research organizations (CROs) are the key end users of E-clinical solution software across the globe. The pharmaceutical industry is reporting the highest demand for E-clinical solution software, owing to which this segment is likely to be the leading end user over the forecast period.

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Global E-Clinical Solution Software Market to Reach US$6.8 bn by

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  1. Global E-Clinical Solution Software Market to Reach US$6.8 bn by 2020, Propelled by Rising Number of Clinical Trials Unlike other industries, the healthcare industry on a given day generates overwhelming volume of sensitive and private information about millions of people. The sheer volume of data generated from hospitals, medical networks, insurance companies, and all the sources or parties connected to the healthcare sector needs proper management. With just medical records and paperwork making for a mammoth data volume, the additional data coming from sources such as remote monitoring devices, clinical trials, and online medical research makes the problem healthcare data management seem obvious. The global e-clinical solutions market was estimated at US$3,005 million in 2014. A recent report published by Transparency Market Research studies the most recent statistical nuances to evaluate the present trends and growth trajectory of the global e-clinical solutions market. The report is titled “E-Clinical Solution Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available on the website for sale. The report forecasts that the global e-clinical solution software market will reach an estimated valuation of US$6,515.3 million in 2020, exhibiting an impressive 13.8% CAGR. Rising incidence of genetic disorders and lifestyle diseases has been cited across the Middle East and North African countries, increasing clinical trials in these regions. The pharmaceutical industry is under pressure to reduce the gestation period of clinical trials in order to raise the productivity of drugs, which is also expected to boost the market for e-clinical solutions software. Additionally, rising demand from end users such as clinical research organizations (CRO), healthcare providers, and the pharmaceutical industry has ensured increased acceptance of e-clinical solutions software. Browse Report: http://www.transparencymarketresearch.com/e-clinical-solution-software- market.html “Enhanced investment in clinical trials and research and development efforts in pharmaceutical and lifestyle industry is propelling the e-clinical solution software market”, said a lead TMR analyst.While the demand for e-clinical software solutions is ascending, high cost incurred on the implementation of the process, inadequate skilled manpower, and the long time taken for approval are major concerns for the market. Before commencing a clinical trial, the biopharmaceutical and pharmaceutical companies need formal approval from competent authorities in respective countries. This also hampers the progress of the trial. Lack of high-speed broadband, especially in remote areas, can also inhibit the e-clinical solution software market. Key Vendors Mentioned in the Report

  2. Some of the key companies operating in the global e-clinical software solution market are PAREXEL International Corporation, Oracle Corporation, BioClinica, Medidata Solutions, and OmniComm Systems. E-Clinical Solution Software Market Segmentation, by Mode of Delivery: Web based e-clinical solution software Licensed Enterprise e-clinical solution software Cloud based e-clinical solution software E-Clinical Solution Software Market Segmentation, by Product Clinical Data Management Clinical Trial Management System Electronic Clinical Outcome Assessment Solution Randomization and Trial Supply Management Safety Solution E-Clinical Solution Software Market Segmentation, by End Users Pharmaceutical Clinical Research Organization Healthcare Providers E-Clinical Solution Software Market Segmentation, by Geography, North America Europe Asia Rest of the World (RoW)

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