Global Electronic Clinical Outcome Assessment Solutions Market by Delivery Mode (Web-hosted, Cloud-based, Licensed Enterprise), by End Use (Hospitals, Biotech) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for electronic clinical outcome assessment (eCOA solutions) was valued at USD 616.9million. Market growth is being driven by the increasing adoption of eCOA solutions by medical researchers. According to the Journal of Clinical Studies, 7% of all clinical trials currently use eCOA solutions in 2015. This number is expected to rise by 20% by 2018.

U.S. eCOA Solutions Market Revenue by Delivery Mode, 2014 - 2025 (USD Million)

The healthcare industry is experiencing a boom in terms of revenue, which means that there is a growing demand for research to develop new drugs and treatments. Due to the increasing number of research studies, there is a growing need for centralized data collection systems. These factors will drive product demand during the forecast period.

Pharmaceutical manufacturers are increasingly faced with increasing costs to develop new drugs and have shifted their preference towards electronic data capture from paper-based methods. The data capturing through eCOA platforms improves the quality of information received, harmonizes data collection procedures and offers significant value for its users such as data analysis.

The benefits of electronic-based data capturing and analyzing services are comparable to paper-based records but with a higher patient compliance. They reduce the risk of data variation and the cost of site monitoring. These solutions provide streamlined information that improves data quality and allows for the collection of information in a structured manner. These benefits associated with eCOA will drive product demand in the future.

Sponsors need to integrate patient care into clinical research studies. This leads to a surge in adoption of eCOA platforms.

Delivery Mode Insights

The associated benefits of using web-hosted eCOA services accounted for the highest revenue share in 2016. Web-based services offer key features such as remote access to patient health information, sharing information to limit misuse of data, or to address problems at critical points of study.

These services are also easy to access, but require an IT infrastructure that is more expensive for smaller companies. CRF Health, Kayentis and ERT Solutions are just a few of the companies that offer web-based solutions. These products are offered by a variety of service providers, which keeps the competition high.

The market will be affected by the introduction of cloud-based platforms. These platforms provide a single platform through which patients, researchers, and sponsors have access to all medical information. The cloud-based eCOA services are expected to grow in value over the forecast period. Cloud-based solutions offer many advantages, which is why the preference for web-based services has changed from cloud-based to web-hosted.

Cloud-based platforms allow users to keep track all information. They also minimize the risk of data theft and provide a secure platform for information sharing.

End-use Insights

Contract Research Organizations (CROs), which held the largest revenue share in 2016, are expected to see significant growth due to the growing demand from major pharmaceutical companies. The growth of the CROs segment is expected to be positive if pharma companies reduce the cost of clinical development studies.

To improve patient engagement in research studies hospitals are using electronic data capturing services. eCOA digitally collects information from both patients & doctors. eCOA captures information on handheld devices such as smartphones & tablets, interactive voice response systems, browsers, and patients' Bring-Your-Own-Device (BYOD). It uses secure systems that comply with regulatory guidelines to capture clinical data.

Market revenue for eCOA solutions in the global market by region, 2016, (%)

Adoption of mHealth devices, as well as the introduction of advanced technologies to patient care such BYOD are key growth drivers for the implementation of eCOA solutions in hospitals.

To meet regulatory requirements, pharma & biotech companies as well as medical device manufacturers prefer outsourcing research studies. However, some major companies have their own research divisions. eClinical services are less popular than other end users.

Regional Insight

In 2016, North America was the largest region market. The future will see new drug development activity driven by the presence of medical device manufacturers, hospitals, research centers and universities as well as improved healthcare institutions.

In 2016, the U.S. held the largest North American market share due to its higher adoption of healthcare analytics services. Various government and non-profit organizations have taken initiatives to increase eClinical platform adoption. The industry is also supported by the strict regulations governing product approval and the implementation of eCOAs by established players in order to reduce expenditure on medical data management.

Asia Pacific, an emerging economy, is seeing a rise in government funding for clinical research and drug discovery. This is expected to boost market growth. The eClinical Services market is expected to be accentuated by the rising demand for personal care products and related services due to increased government spending on healthcare.

The rising demand for eCOA solutions is expected to be influenced by the emergence in India and China of major pharma & Biotech companies.

Competitive Insights

Global eCOA markets are highly competitive. Paraxel International Corporation, Oracle Corporation, Medidata Solution, Inc., Merge Healthcare Inc., Merge Healthcare Incorporated, BioClinica, eClinical Solutions, CRF Health, ERT Clinical, and OmniComm Systems, Inc. are some of the major players in this market.

To increase profits, these companies implement strategies like acquisitions, partnership agreements and distribution channel enhancement. CRF Health and Vodafone announced a partnership agreement in February 2017 to improve the services provided to clinical trial investigators and patients. CRF will now be able to access Vodafone's Machine to Machine platform.

In February 2015, ERT Clinical entered into a definitive deal with PHT Corporation. This agreement saw ERT acquire PHT as part of a portfolio expansion. This agreement will also allow ERT to expand its geographic footprint. Similar strategic initiatives are expected to increase competition during the forecast period.

Market Report Scope Electronic Clinical Outcome Assessment Solutions

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global eCOA market based on delivery mode, end use, and location.

• Delivery Mode Outlook (Revenue USD Million, 2014-2025)

  • Web-hosted

  • Licensees

  • Cloud-based

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals

  • CROs

  • Academic Institutes

  • Pharma & Biotech Companies

  • Manufacturers of Medical Devices

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global market for electronic clinical outcome assessment systems was valued at USD 932.8 Million in 2019. It is projected to grow to USD 1,071.9 Million in 2020.

b. Global electronic clinical outcome assessment market will grow at a compound annual rate of 15.1% between 2019 and 2025, reaching USD 2,169.0 millions by 2025.

b. With a 50.38% share in 2019, North America was the dominant market for electronic clinical outcome assessment systems. This can be attributed to the existence of medical device manufacturers, hospitals, universities and research centers that are technologically advanced, as well as improved healthcare facilities.

b. b.

b. b.

Up Market Research published a new report titled “Electronic Clinical Outcome Assessment Solutions Market research report which is segmented by Delivery Mode (Web-hosted, Cloud-based, Licensed Enterprise), by End Use (Hospitals, Biotech), By Players/Companies Oracle Corporation; Paraxel International Corporation; Medidata Solution, Inc, Inc; Merge Healthcare Incorporated; BioClinica; eClinical Solutions; CRF Health; ERT Clinical; and OmniComm Systems”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Electronic Clinical Outcome Assessment Solutions Market Report Segments:

The market is segmented by Delivery Mode (Web-hosted, Cloud-based, Licensed Enterprise), by End Use (Hospitals, Biotech).

Electronic Clinical Outcome Assessment Solutions Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Electronic Clinical Outcome Assessment Solutions Market

Overview of the regional outlook of the Electronic Clinical Outcome Assessment Solutions Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Electronic Clinical Outcome Assessment Solutions Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Electronic Clinical Outcome Assessment Solutions Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Web-hosted

                2. Cloud-based

                3. Licensed Enterprise

                1. Hospitals

                2. Biotech

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electronic Clinical Outcome Assessment Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Electronic Clinical Outcome Assessment Solutions Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.