• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • COVID-19 Patient Resource Center
    • Clinical Trials
    • Search Clinical Trials
    • Patient Notification System
    • What is Clinical Research?
    • Volunteering for a Clinical Trial
    • Understanding Informed Consent
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Clinical Trial Listings
    • Market Research
    • FDA Approved Drugs
    • Training Guides
    • Books
    • Events
    • Newsletters
    • JobWatch
    • White Papers
    • Patient Education
    • SOPs
    • eCFR and Guidances
  • White Papers
  • Trial Listings
  • Advertise
  • COVID-19
  • iConnect
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » E-clinical software market expected to reach $6.52 billion by 2020

E-clinical software market expected to reach $6.52 billion by 2020

July 21, 2014
CenterWatch Staff

According to a new market report published by Transparency Market Research (TMR), E-Clinical Solution Software Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020, the e-clinical solution software market, valued at $3 billion in 2014, is expected to grow at a CAGR of 13.8% from 2014 to 2020 to reach an estimated value of $6.52 billion in 2020.

Globally, the e-clinical solution software market is witnessing significant growth due to increasing clinical trials and R&D investments in pharmaceuticals and life science.

Increasing prevalence of diseases supports clinical trials in different regions. Various lifestyle-associated diseases and genetic disorders in the Middle East and North African countries also have enhanced clinical trials in those regions.

In addition, the pharmaceutical industry is facing immense pressure to reduce the timeframe of clinical trials and to raise the productivity of drugs. Presence of various end users such as pharmaceuticals, CROs and healthcare providers has increased the acceptance of e-clinical solution software.

North America is a traditional clinical trial region. The average cost of pharmaceutical R&D for a successful drug from preclinical development through FDA approval continues to increase. According to Oracle, an e-clinical software company, the percentage share of global clinical trials conducted in North America has fallen from 30% in 2006 to 19% in 2010.

In Europe, Central and Eastern Europe provide abundant opportunities to life science companies for clinical development. According to Oracle, the percentage of clinical trials conducted in Western Europe has decreased from 25% to 19%, while in Eastern Europe the percentage has increased from 10% to 13% during from 2006 through 2010. Similarly, according to the NIH (Clinical Trial government registry), there were 46,192 clinical trials conducted in Europe in May 2014.

However, Asia has become one of the fastest-growing markets for pharmaceutical products. Improved regulatory laws and patent expiration laws in various countries including Japan, China and India have led to the expansion of the clinical trials market. Asia has lower cost of conducting clinical trials compared to Europe or the U.S.

The e-clinical solution software market is segmented by mode of delivery as web-based e-clinical solution software, licensed enterprise e-clinical solution software and cloud-based e-clinical solution software; and by products as: clinical data management, clinical trial management system, electronic clinical outcome assessment solution, randomization and trial supply management and safety solution.

TMR is a market intelligence company, providing global business information reports and services.

Upcoming Events

  • 26Jan

    Reducing Complexity in Starting Clinical Trials – More Patients, Faster Startup

  • 27Jan

    Medical Device Clinical Trials in China: Latest Regulatory Developments

  • 11Feb

    Lab X.0: Addressing Quality and Compliance Challenges in Laboratory Operations in the COVID-19 All-Digital Era

  • 23Mar

    Data Integrity for GCP Professionals: Core Requirements, Expectations and Challenges

  • 26Apr

    MAGI's Clinical Research vConference — Spring 2021

Featured Products

  • Regenerative Medicine – Steps to Accelerate Development : PDF

    Regenerative Medicine: Steps to Accelerate Development

  • Clinical Trial Agreements — A Guide to Key Words and Phrases : PDF

    Clinical Trial Agreements: A Guide to Key Words and Phrases

Featured Stories

  • Virtual Doctoer

    Simple Changes Can Make Trials More Patient Friendly

  • Drug approval

    Two-Thirds of Trial Subjects for Drug Approvals Are Outside the U.S.

  • VaccinewithNeedle-360x240.png

    Rules of Vaccine Approval May Be Changing, But Statistical Analysis Tools Remain Constant

  • AskTheExperts-360x240.png

    Ask the Experts: Trial Operations Adjustments in a Remote World

Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

The information you need to adapt your monitoring plan to changing times.

Learn More Here
  • About Us
  • Contact Us
  • Privacy Policy
  • Do Not Sell My Personal Information

Footer Logo

300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

Phone 617.948.5100 – Toll free 866.219.3440

Copyright © 2021. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing