Report ID: SQMIG35G2097
Report ID:
SQMIG35G2097 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
124 |
Figures:
77
E-Clinical Trials Solutions or Suite or Technologies Market size was valued at USD 7.89 Billion in 2023 and is poised to grow from USD 8.99 Billion in 2024 to USD 24.83 Billion by 2032, growing at a CAGR of 13.9% during the forecast period (2025-2032).
In the biopharmaceutical sector, the phrase “e-Clinical” refers to an electronic system for automating management that aims to take the place of manual, ad hoc, or paper-driven procedures. In the past, the term “eClinical” referred to any technological application employed during a clinical trial. E-Clinical solutions are used to manage the complete clinical trial process as well as the enormous amounts of data involved at different phases and from different sites. They support competent and exact clinical trial design, preparation, execution, and reporting, including participant information, trial and filing deadlines, and other crucial milestones.
In developed nations like the U.S., where clinical trials are subject to strict regulations, the market for eClinical solutions is expanding due in large part to the increased requirement for safety monitoring. For instance, the National Institutes of Health and the U.S. Department of Health and Human Services are encouraging the sharing of clinical data and tightening the criteria for registering clinical trials. One of the key factors driving the market for eClinical solutions is the soaring demand from pharmaceutical and biopharmaceutical businesses for software solutions for clinical trials. Additionally, expanding the end-user base for eClinical solutions and increased government funds to support trials are predicted to drive the market for these products throughout the study period.
US E-Clinical Trials Solutions or Suite or Technologies Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35G2097