Electronic Clinical Outcome Assessment Solutions Shipping Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Jul 16, 2024 - 14:52

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Electronic Clinical Outcome Assessment Solutions Shipping Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Electronic clinical outcome assessment is a method of capturing outcome data electronically in clinical trials.

Sizing and Forecast
The electronic clinical outcome assessment solutions market size has grown rapidly in recent years. It will grow from $1.45 billion in 2023 to $1.67 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to regulatory support, patient-centric approach, data quality and accuracy, cost efficiency and time savings, increasing global clinical trials.

The electronic clinical outcome assessment solutions market size is expected to see rapid growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to integration with wearable devices, decentralized and hybrid trials, patient engagement strategies, security and compliance measures, remote monitoring and site collaboration. Major trends in the forecast period include artificial intelligence in clinical trials, clinical trial digitization, advancements in mobile technology, real-world evidence integration, patient-reported outcomes (PROs) emphasis.

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Segmentation & Regional Insights
The electronic clinical outcome assessment solutions market covered in this report is segmented –

1) By Product: Web Based eCOA Solutions, On Premise Based eCOA Solutions, Cloud Platform Based eCOA Solutions
2) By Approach: Patient-Reported Outcome (PRO), Clinician-Reported Outcome (ClinRO), Observer-Reported Outcome (ObsRO), Performance Outcome (PerfO)
3) By End-User: Hospitals or Healthcare Providers, Contract Research Organizations (CROs), Pharmaceutical and Biotechnology Firms, Medical Device Companies, Other End-Users

North America was the largest region in the electronic clinical outcome assessment solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the electronic clinical outcome assessment solutions market during the forecast period. The regions covered in the electronic clinical outcome assessment solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
An increase in research and development activities is expected to propel the growth of the electronic clinical outcome assessment solutions market going forward. Research and development activities refer to activities that companies undertake to innovate and introduce new products and services. Electronic clinical outcome assessment solutions help research and development activities by capturing outcomes data electronically in clinical trials. For instance, in November 2023, according to the National Center for Science and Engineering Statistics, a US-based government agency, in the fiscal year 2022, academic institutions allocated a total of $97.8 billion to research and development, marking a rise of $8.0 billion compared to fiscal year 2021. Additionally, internal funding for Research and Development (R&D) at universities saw a notable increase of $2.1 billion compared to the fiscal year 2021, while R&D funding from businesses to universities witnessed a growth of $587 million. Therefore, an increase in research and development activities is driving the electronic clinical outcome assessment solutions market.

Key Industry Players
Major companies operating in the electronic clinical outcome assessment solutions market report are International Business Machines Corporation, IQVIA Holdings Inc., DuPont de Nemours Inc., Oracle Corporation, Olin Corporation, ERT Clinical, Huntsman International LLC, Dassault Systemes SE, OmniComm Systems Inc., Hexion Inc., Parexel International Corporation, Veeva Systems Inc., TransPerfect Translations International Inc., KUKDO CHEMICAL CO. LTD., Medidata Solutions Inc., Signant Health, Clario Inc., ArisGlobal LLC, WIRB-Copernicus Group Inc., Merge Healthcare Inc., YPrime LLC, eClinical Solutions LLC, CRF Bracket Company, Anju Software Inc., Castor EDC B.V., Kayentis, Mednet Solutions LLC, Clinical Ink Inc., Cloudbyz Inc., Climedo Health GmbH, ClinCapture Inc.

The electronic clinical outcome assessment solutions market report table of contents includes:

1. Executive Summary
2. Electronic Clinical Outcome Assessment Solutions Shipping Market Characteristics
3. Electronic Clinical Outcome Assessment Solutions Shipping Market Trends And Strategies
4. Electronic Clinical Outcome Assessment Solutions Shipping Market - Macro Economic Scenario
5. Global Electronic Clinical Outcome Assessment Solutions Shipping Market Size and Growth
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31. Global Electronic Clinical Outcome Assessment Solutions Shipping Market Competitive Benchmarking
32. Globa Electronic Clinical Outcome Assessment Solutions Shipping Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Electronic Clinical Outcome Assessment Solutions Shipping Market Future Outlook and Potential Analysis
35. Appendix

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