Unlike other industries, the healthcare industry on a given day
generates overwhelming volume of sensitive and private information
about millions of people. The sheer volume of data generated from
hospitals, medical networks, insurance companies, and all the sources
or parties connected to the healthcare sector needs proper
management. With just medical records and paperwork making for a
mammoth data volume, the additional data coming from sources such as
remote monitoring devices, clinical trials, and online medical
research makes the problem healthcare data management seem obvious.
The pharmaceutical industry generates and maintains massive amounts
of data related to patients and their health issues. This data is
primarily generated from healthcare clinics, hospitals, insurance
companies, and other medical networks. Pharmaceutical companies also
have to manage large volumes of data coming in from clinical trials,
remote monitoring devices, and online medical records. Managing such
huge amounts of data through data management software has become a
necessity. For the companies operating in the pharmaceutical
industry, using different e-clinical solution software is a better
way to manage clinical trials and relevant data.
A clinical trial management system (CTMS) is primarily used by
pharmaceutical companies to manage trials in clinical research. CTMS
manages planning and reporting functions coupled with tracking
milestones. An e-clinical solution refers to the automation of
clinical trials and is a combination of IVR and EDC systems. At
present, the healthcare industry uses various applications and
software designed for recording and managing clinical data that is
generated from pharmaceutical, biotechnology, and medical device
companies. As a result of the advancements in computer systems and
internet networks, the global clinical trial industry has now become
highly sophisticated. The increasing amount of data being collected
from research activities has led to the rising adoption of e-clinical
solution software.
Explore E-Clinical Solution Software System - http://bit.ly/2cijX0W
The global e-clinical solution software market is segmented on the
basis of end user, mode of delivery, geography, and product. By mode
of delivery, the global e-clinical solution software market is
classified into cloud-based, web-based, and licensed enterprise.
Currently, the web-based e-clinical solution software segment
dominates the global market. The web based e-clinical solution
software segment stood at US$2.18 bn in 2014 and is predicted to
reach US$4.84 bn by 2020, progressing at a 14.20% CAGR from 2014 to
2020.
Based on geography, the global e-clinical solution software market is
divided into Europe, Asia Pacific, North America, and Rest of the
World. In 2014, the North America e-clinical solution software market
stood at US$1.77 bn and is expected to reach US$3.62 bn by 2020,
progressing at a 12.60% CAGR from 2014 to 2020.
Considering the growing number of leading players expanding their
business in India and China, the Asia Pacific e-clinical solution
software market is expected to witness tremendous growth in the years
to come. By product, the global e-clinical solution software market
is classified into clinical trial management, clinical data
management, safety solution, randomization, trial supply management,
and electronic clinical outcome assessment solutions. Healthcare
providers, pharmaceutical companies, and research companies are the
major end users of e-clinical solution software.
Some of the leading companies operating in the global e-clinical
solution software market are PAREXEL International Corporation,
BioClinica, OmniComm
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