Data Bridge Market Research recently released a research report on the Electronic Clinical Outcome Assessment (eCOA) analysis, which studies the Electronic Clinical Outcome Assessment (eCOA) industry coverage, current market competitive status, and market outlook and forecast by 2027.
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.
Few of the major competitors currently working in the global electronic clinical outcome assessment (eCOA) market are Oracle; Medidata Solutions; Parexel International Corporation; IBM Corporation; eClinical Solutions LLC; Omnicomm Systems; Kayentis; Signant Health; ERT Clinical; Bioclinica; YPrime LLC; WIRB-Copernicus Group; Castor EDC among others.
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Insights of the report
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Electronic Clinical Outcome Assessment (eCOA) market.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Electronic Clinical Outcome Assessment (eCOA) market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- All the Challenges and growth opportunities in the Electronic Clinical Outcome Assessment (eCOA) market along with the market drivers and restrains.
Key Developments in the Market:
In June 2019, Signant Health formulated from the merger of CRF Bracket and CRF Health was officially launched. Combining the service offerings relating to eCOA, eConsent, Clinical Supplies, IRT, Patient Engagement and Endpoint Quality; Signant Health will be able to offer one of the broadest clinical suites commercially available. The company will be focused on gaining greater expertise and innovate their services to include the latest solutions for their customers
In June 2018, Omnicomm Systems announced that they had established a partnership with Kayentis for provision of Omnicomm’s “TrialMaster” combined with Kayentis’ “Clin’form” and “eCOA Solution”. This partnership will help provide consumers with a combined platform as the consumers had individually adopted both the solutions for their clinical trial needs
Market Drivers
Increasing availability and preference for various wearable and handheld medical devices that can provide clinical information and assessment; this factor is expected to boost the growth of the market
Increasing prevalence and utilization of cloud-based service offerings is expected to propel the growth of the market
Rising levels of innovations and technological advancements in the market for these solutions acts as a market driver
Enhanced need for maintaining better levels of security and quality of clinical trials and associated clinical data will also boost the market growth
Market Restraints
Large levels of financial costs associated with the deployment and utilization of these systems; this factor is expected to hinder the growth of the market
Complications in the integration and operations of these solutions due to the various regulatory presence of authorities across the industry; this factor is expected to restrict the market growth
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Segmentation: Global Electronic Clinical Outcome Assessment (eCOA) Market
By Type
Web Hosted
License Enterprise
Cloud-Based
By Platform
Hospitals
CROs
Academic Institutes
Pharma & Biotech Organizations
Medical Device Manufacturers
By Geography
North America
Europ
Asia-Pacific
South America
Middle East and Africa
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