Electronic Clinical Outcome Assessment market research report enlists the leading competitors and provides the insights about the strategic industry analysis of the key factors influencing the healthcare IT industry. To do well in this competitive market place, businesses are highly benefited if they adopt innovative solutions such as Electronic Clinical Outcome Assessment market report. The data and the information concerning the healthcare IT industry are taken from consistent sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures.
Electronic Clinical Outcome Assessment (eCOA) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.5% in the forecast period of 2020 to 2027 and expected to reach USD 2,630.26 million by 2027. Increasing digitization in the healthcare industry and demand for higher efficiency in data capturing in clinical trials is a driving factor for the market growth.
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The major players covered in the report are Oracle, Parexel International Corporation, ERT Clinical, Bioclinica, IBM Corporation, eClinical Solutions LLC, ArisGlobal LLC, Signant Health, Medidata, Omnicomm Systems, Inc., YPrime, LLC, Clinical Ink, WIRB-Copernicus Group, Kayentis among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of electronic clinical outcome assessment (eCOA) market.
- In February 2020, Oracle expanded its cloud system in five regions, i.e., Australia (Melbourne), Japan (Osaka), Saudi Arabia (Jeddah), The Netherlands (Amsterdam) and Canada (Montreal) in February, 2020. The market expansion is expected to play an important role in increased consumer awareness towards its cloud based applications.
- In January 2020, ArisGlobal entered into a partnership with Soterius, Inc., to enhance the product portfolio by addition of LifeSphere Medical Information and LifeSphere MultiVigilance to their technology stack oriented towards service.
Electronic Clinical Outcome Assessment (eCOA) Market Scenario
According to Data Bridge Market Research the market for electronic clinical outcome assessment (eCOA) in North America region has the highest market share followed by Europe and Asia Pacific. Market leader is Oracle which accounts an estimated market share of approximately 15% to 20% in the North America. The company has gained outstanding sale through varied product portfolio and noteworthy geographical presence.
- In February 2020, Oracle launched the cloud system solutions across five regions namely Australia (Melbourne), Japan (Osaka), Saudi Arabia (Jeddah), The Netherlands (Amsterdam) and Canada (Montreal). This market expansion shows the increasing demand for cloud-based solutions across the globe. The move is expected to attract the end users towards the product in order it will generate more revenue in the particular business segment.
Points to focus in the report
- The report offers market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the global order management software market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Electronic Clinical Outcome Assessment market on the basis of type, function and application.
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Electronic Clinical Outcome Assessment (eCOA) Market Development
- In October 2019, Parexel International Corporation announced its partnership with Datavant focusing on providing the assembly of real-world data through all clinical trials conducted by Parexel International Corporation. Technology from Datavant added the connectivity to form an integrated solution. The partnership helped Parexel International Corporation to expand the product portfolio as well as market size of the company.
Scope of the Electronic Clinical Outcome Assessment (eCOA) Market
Global electronic clinical outcome assessment (eCOA) market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East and Africa.
- All country based analysis of electronic clinical outcome assessment (eCOA) market is further analyzed based on further segmentation. By product the market is segmented into on-premise solutions, cloud based solutions and web based solutions. By approach the market is segmented into clinician reported outcome assessment (CLINRO), patient reported outcome assessment (PRO); observer reported outcome assessment (OBSRO) and performance outcome assessment (PERFO). By end user the market is segmented into commercial service providers, hospitals and transplant centers, research laboratories and academic institutions. By platform the market is segmented into contract research organizations, pharmaceutical and biopharmaceutical companies, medical device manufacturers, hospitals and clinical laboratories, consulting service companies, research and academia and others.
Key Pointers Covered in Electronic Clinical Outcome Assessment (eCOA) Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Diffent Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
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