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Global Clinical IT Market: By Type: Clinical Data Management System, Clinical Trial Management System, Electronic Patient Reported Outcomes, Electronic Trial Master File, Trial Safety and Regulatory, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Clinical IT Market Outlook

The global clinical IT market reached a value of almost USD 5.3 billion in 2020. The market is further expected to grow at a CAGR of 12.5% between 2022 and 2027.

 

Global Clinical IT Market

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The Asia Pacific Region to Witness a Healthy Growth Over the Forecast Period

The United States is the leading regional market for clinical IT, driven by the presence of large outsourcing companies and rising demand for R&D in the region. Meanwhile, the Asia Pacific is the rapidly growing market for eClinical trials, driven by a huge number of clinical studies and pressure to accelerate clinical trials in the region. The global eClinical trials market is shifting its customer base from developed countries to developing economies, aided by the increase in the number of life-science research companies and CROs and the existence of comparatively less stringent regulatory guidelines compared to developed countries.

The clinical data management system (CDMS) is the leading product segment, accounting for nearly a quarter of the clinical IT market share. CDMS are adaptable programming systems that deal with the clinical trial information produced by pharmaceutical and biotechnological organisations. CDMS is a web-based software that stores participant data collected in clinical studies. The rapid advancements in technology are leading to the increased adoption of electronic data capture systems by pharmaceutical companies. CDMS is followed by randomisation and trial supply management (RTSM). RTSM enables managing randomisation and allocation of therapy as randomisation is a crucial part of clinical trials, ensuring treatment balance and removing the risk of selection bias. The market for electronic patient-reported outcome (ePRO) is expected to grow at a faster pace than other technologies due to the increasing demand for the collection of patient reports via mobile and digital technologies.

 

Market Segmentation

The clinical IT assists in effective planning, tracking, and execution of the healthcare database across different countries.

 

Global Clinical IT Market By Type

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Based on product type, the market for clinical IT is divided into:

  • Clinical Data Management System (CDMS)
  • Clinical Trial Management System (CTMS)
  • Electronic Patient Reported Outcomes (ePRO)
  • Electronic Trial Master File (eTMF)
  • Randomisation and Trial Supply Management (RTSM)
  • Trial Safety and Regulatory
  • Others

The clinical IT solutions employ technologies, such as smartphones, tablets, and personal computers, to allow patients, clinicians, and their caregivers to report outcomes directly.

The report also covers the regional markets for clinical IT like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Clinical IT Market By Region

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Exceptional Benefits and Government Initiatives to Drive the Market Growth of Clinical IT

The global clinical IT market is driven by the pressure to accelerate clinical trials while maintaining low costs, which is possible only by shifting from the traditional method towards the technology-friendly eClinical approach. The market in the Asia Pacific is expected to grow due to the rising adoption of technology, like mobility solutions, and the increasing demand for eClinical trials driven by a huge number of clinical studies and research activities.

The market is further propelled by the increasing support for clinical trials given by governments in the form of grants and funding. The rising need for software solutions during the clinical trials is providing further impetus to the market growth. The clinical IT market is supported by the increasing R&D expenditure in the sector by the biotech and pharmaceutical companies, which is resulting in the adoption of technologies that deliver cost-effective solutions. The market growth is catalysed by the rising need for better data standardisation. The rise in the number of clinical trials, especially across emerging countries in the Asia Pacific region, is providing opportunities for the market growth of clinical IT solutions. This is further expected to be supported by the adoption of EDC systems by the pharmaceutical companies.

The outbreak of novel diseases worldwide is resulting in the rising need for clinical trials to prevent, detect, and treat disease. The IT methods, like Electronic Patient Reported Outcomes (ePROMs) in clinical trials, provide many benefits over the paper-based collection as they improve data quality, decrease costs, and facilitate faster clinical decision making. Additionally, using technology in clinical trials helps enhance efficiency by facilitating better communication with study staff, patients, and communities, and it assists in the easy recruitment of participants for clinical trials. People are increasingly using digital clinical services owing to the convenience associated with their use, irrespective of sociodemographic backgrounds. The initiatives taken by market players in developing efficient clinical IT platforms are contributing to the market development. For instance, in December 2020, Mednet, a healthcare technology company, launched software with expanded electronic patient reported outcomes (ePRO) capabilities. The ePRO module is developed to bolster patient engagement and enable remote participation during the pandemic. In another case, Dassault Systèmes (OTCMKTS: DASTY) acquired Medidata Solutions, Inc. (NASDAQ: MDSO) in October 2020.

 

Key Players in the Global Market for Clinical IT

The report gives a detailed analysis of the following key players in the global clinical IT market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Oracle Corporation
  • Medidata Solutions, Inc.
  • Parexel International Corporation
  • Signant Health
  • Cenduit, LLC
  • BioClinica, Inc.
  • OpenClinica, LLC
  • DATATRAK International, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Type, Region
Breakup by Type Clinical Data Management System (CDMS), Clinical Trial Management System (CTMS),
Electronic Patient Reported Outcomes (ePRO), Electronic Trial Master File (eTMF),
Randomization and Trial Supply Management (RTSM), Trial Safety and Regulatory, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health,
Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, DATATRAK International, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Clinical IT Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Clinical IT Historical Market (2017-2021) 
    8.3    Global Clinical IT Market Forecast (2022-2027)
    8.4    Global Clinical IT Market by Type
        8.4.1    Clinical Data Management System (CDMS)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Clinical Trial Management System (CTMS)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Electronic Patient Reported Outcomes (ePRO)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Electronic Trial Master File (eTMF)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Randomization and Trial Supply Management (RTSM)
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Trial Safety and Regulatory
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Others
    8.5    Global Clinical IT Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Oracle Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Medidata Solutions, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Parexel International Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Signant Health
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Cenduit, LLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    BioClinica, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    OpenClinica, LLC
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    DATATRAK International, Inc.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Clinical IT Market: Key Industry Highlights, 2016 and 2026
2.    Global Clinical IT Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Clinical IT Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Clinical IT Historical Market: Breakup by Region (USD Billion), 2017-2021
5.    Global Clinical IT Market Forecast: Breakup by Region (USD Billion), 2022-2027
6.    North America Clinical IT Historical Market: Breakup by Country (USD Billion), 2017-2021
7.    North America Clinical IT Market Forecast: Breakup by Country (USD Billion), 2022-2027
8.    Europe Clinical IT Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    Europe Clinical IT Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Asia Pacific Clinical IT Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Asia Pacific Clinical IT Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Latin America Clinical IT Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Latin America Clinical IT Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Middle East and Africa Clinical IT Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Middle East and Africa Clinical IT Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Global Clinical IT Market Structure

Key Questions Answered in the Report

In 2020, the global clinical IT market attained a value of nearly USD 5.3 billion.

The market is projected to grow at a CAGR of 12.5% between 2021 and 2026.

The primary factors driving the market include the presence of large outsourcing companies, rising demand for research and development, increase in the life-science research companies, increase in the number of CROs, the existence of comparatively less stringent regulatory guidelines, adoption of electronic data capture systems by the pharmaceuticals, and increasing market for eClinical trials.

The key trends augmenting the market include the shift from the traditional clinical trials toward the technology-friendly eClinical approach and the growing funding by the government for clinical trials.

The major regions in the industry are North America, Latin America, Europe, Middle East, and Africa, and Asia Pacific.

Clinical data management system (CDMS) is  the dominant type in the clinical IT industry.

The major players in the industry are Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health, Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, and DATATRAK International, Inc., among others.

Analyst Review

The global clinical IT market attained a value of USD 5.3 billion in 2020, driven by the shift from traditional clinical trials to the technology-friendly eClinical approach. Aided by the increase in the number of CROs and growing funding by the government for clinical trials, the market is expected to witness a further growth in the forecast period of 2021-20276 growing at a CAGR of 12.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Clinical data management system (CDMS) is  the dominant type in the clinical IT industry. The major regional markets for the global clinical IT are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The key players in the above market include Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health, Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, and DATATRAK International, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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