According to the business intelligence report titled ‘Global eClinical Solutions Market 2022-2028’ available with MarketStudyReport, global eClinical solutions market is slated to surge at 13.2% CAGR through 2028, accumulating a valuation of USD 11,659 million by the end of the forecast timeframe.

Enormous amounts of data generated healthcare sector with prevalence of digitalization & IoT, coupled with noteworthy medical advancements, and rising R&D efforts are the major factors fostering global eClinical solutions market growth.

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In addition, rising government emphasis on clinical research and subsequent increase in the number of clinical trials further contribute to expanding the horizons of the market.

For the unversed, e-clinical solutions play a pivotal role in managing, standardizing, integrating and analyzing critical clinical and operational data through advanced visualization and analytical abilities.

Apart from growth drivers and opportunities, the research literature also examines current and upcoming challenges that may hamper the growth trajectory of the industry during the forecast timeframe, while uncovering solutions to circumvent the impact.
 

It provides insights about the historical data as well as current trends to produce reliable estimates for growth rate, industry size, volume of sales, and revenue scope over the forecast period.

Moving on, worldwide eClinical solutions industry expanse is segregated in terms of product (remote patient monitoring, clinical trial operations management, electronic sourcing & clinical data management systems), end user (contract research organizations, pharmaceutical and biotechnology companies, hospitals, academia and research institutions, others), phase (phase 1, phase 2, phase 3, phase 4), and regional terrain (North America, Asia Pacific, Europe, rest of the world). Each sub-segment is minutely evaluated in terms of size, revenue generated, and growth potential over the study period for stakeholders to identify major avenues to amplify their remuneration.

Speaking of the competitive landscape, Oracle Corporation, Veeva Systems, Inc., Clario, ArisGlobal LLC, DataTrak International, Inc., ICON plc, Medidata Solutions, Inc., IQVIA Holdings, Inc., Parexel International, and Laboratory Corporation of America Holdings are the key players influencing market dynamics.

The aforementioned companies are scrutinized in terms of product /service offerings, venture capital investments, recent developments, and growth potential to facilitate a clear understanding of global eClinical solutions market behavior for existing players and new entrants during the study period.