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Electronic Clinical Outcome Assessment Solutions (eCOA) Market 2018 Global Industry Size Analyzed by Business Opportunity, Development, Growth Factors, Applications Analysis and Future Prospects 2023 | 360 Market Updates

Electronic Clinical Outcome Assessment Solutions (eCOA)

Electronic Clinical Outcome Assessment Solutions (eCOA) Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Electronic Clinical Outcome Assessment Solutions (eCOA) market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Electronic Clinical Outcome Assessment Solutions (eCOA) Market report is anticipated to register a CAGR of 12.5% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Electronic Clinical Outcome Assessment Solutions (eCOA) Market are –

  • BioClinica
  • CRF Health
  • eClinical Solutions
  • ERT Clinical
  • Medidata Solution
  • Inc
  • Merge Healthcare Incorporated
  • OmniComm Systems
  • Inc
  • Oracle Corporation and Parexel International Corporation amongst others.

The global Electronic Clinical Outcome Assessment Solutions (eCOA) market is expected to register a CAGR of 12.5% during the forecast period, 2018 to 2023. Electronic Clinical Outcome Assessment (eCOA) uses the technology such as smartphones, tablets and computers to allow the patients, caregivers and doctors to report the outcomes of the clinical trials directly. eCOA produces highly accurate data that allows for a better understanding of the patient experience in clinical trials and ultimately helps simplify the path to approval.

Constant Advancements in eCOA Modalities and Applications to Boost Growth of the eCOA Solutions Market

eCOAs, including ePROs (electronic Patient Reported Outcomes) and electronic ClinROs (Clinician Reported Outcomes) and ObsROs (Observer Reported Outcomes), are used increasingly in the collection of patient data as part of clinical trials and observational studies. With the advancement in technology the eCOA modalities are becoming accessible and easy to use. The reduction in the paper-based methods not only indicates a realization of the potential benefits gained through the use of electronic technologies, but also points to a fairly clear gravitation away from paper-based methods. Thus, these constant advancements to provide an efficient workflow is expected to contribute for the growth of the market in the forecast period.
Other factors driving the market growth are increasing externalization of clinical trial studies by large pharmaceutical and biopharmaceutical companies and growing demand for cloud based services.

Data Security and Privacy Concerns to Restrain Growth of the eCOA Solutions Market

Data security is a major concern for healthcare organizations, and justifiably so. In 2014, for the fourth year in a row, the healthcare sector experienced the largest number of data breaches, according to a Symantec report. The 116 data breach incidents in 2014 represented 37 percent of all reported incidents, and exposed more than 7 million identities. Any effort by an organization to reduce costs cannot compromise security in the process. The financial expense of addressing a breach would quickly erase any savings and likely do significant damage to an organization’s budget and reputation. Companies are becoming aware of these data security concerns and understanding that compromise of a client’s data will result in a loss of business. This is why offshore firms are building a secure environment in which their data.
The other factors restraining the market are high cost of implementation of eCOA.

North America is Expected to Dominate the eCOA Solutions Market

North America held the largest market share owing to the local presence of well-established market players coupled with large number of ongoing research in this region.

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Scope of the Report:

The report analyses Electronic Clinical Outcome Assessment Solutions (eCOA) market, which includes –

  • Analysis of the growth of Electronic Clinical Outcome Assessment Solutions (eCOA) market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Electronic Clinical Outcome Assessment Solutions (eCOA) market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Electronic Clinical Outcome Assessment Solutions (eCOA) market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Electronic Clinical Outcome Assessment Solutions (eCOA) market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Electronic Clinical Outcome Assessment Solutions (eCOA) Market Report:

  • Varying dynamics of the Electronic Clinical Outcome Assessment Solutions (eCOA) industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Electronic Clinical Outcome Assessment Solutions (eCOA) market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Electronic Clinical Outcome Assessment Solutions (eCOA) market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Electronic Clinical Outcome Assessment Solutions (eCOA) Market Report:

  • The report analyses how stringent emission control norms will drive the global Electronic Clinical Outcome Assessment Solutions (eCOA) market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Electronic Clinical Outcome Assessment Solutions (eCOA) market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Electronic Clinical Outcome Assessment Solutions (eCOA):

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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