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Electronic Clinical Outcome Assessment (eCOA) Market Incredible Possibilities, Growth Analysis And Forecast To 2027|| Parexel International Corporation; IBM Corporation; eClinical Solutions LLC; Omnicomm Systems

Electronic clinical outcome assessment (eCOA) market is expected to rise to an estimated value of USD 2358.54 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the availability of innovative visualization and representation methods helping consumers understand the results/assessment of clinical data in a more understandable manner.

Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major topics in which Electronic Clinical Outcome Assessment market report is divided. This market report is also sure to help in the journey to achieve business growth and success. This market research provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. What is more, have details about historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry in the credible Electronic Clinical Outcome Assessment market research report.

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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.

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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