Lucintel’s latest market report analyzed that eClinical solutions provides attractive opportunities in the pharmaceutical & biopharmaceutical companies, contract research organizations, consultancy service companies, medical device manufacturers, hospitals, and academic & research institutes. The eClinical solutions market is expected to reach $5.0 billion by 2028 with a CAGR of 7.5%. In this market, electronic data capture (EDC) & clinical data management systems (CDMS) is the largest segment by product, whereas contract research organizations is largest by end use.
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Based on product, the eClinical solutions market is segmented into electronic data capture (EDC) & clinical data management systems (CDMS), clinical trial management systems (CTMS), clinical analytics platforms, and Others. The electronic data capture (EDC) & clinical data management systems (CDMS) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing need for data standardization to meet regulatory requirements and growing R&D expenditure by pharmaceutical companies.
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The EClinical Solutions Market is marked by the presence of several big and small players. Some of the prominent players offering eClinical solutions include Parexel International Corporation, Dassault Systèmes, Clario, Datatrak International, Signant Health, 4G Clinical, MaxisIT IBM Watson Health, eClinical Solutions LLC, and Veeva Systems.
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