New York, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Electronic Clinical Outcome Assessment Solutions Global Market Report 2022" - https://www.reportlinker.com/p06318589/?utm_source=GNW
, Merge Healthcare Inc, CRF Bracket Company, YPrime LLC, Clinical Ink Inc, and WCG Clinical Services.
The global electronic clinical outcome assessment solutions market is expected to grow from $1.06 billion in 2021 to $1.22 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The electronic clinical outcome assessment solutions market is expected to reach $2.06 billion in 2026 at a CAGR of 14.1%.
The electronic clinical outcome assessment solutions market consists of sales of electronic clinical outcome assessment solutions by entities (organizations, sole traders, and partnerships) used to measure and record how a patient is feeling or functioning. Electronic clinical outcome assessment is a method of capturing outcomes data electronically in clinical trials.
The main types of products in the electronic clinical outcome assessment solutions are web-based eCOA solutions, on-premise-based eCOA solutions, and cloud-platform-based eCOA solutions.Web-based eCOA solutions refer to a programme that is distributed over a network (typically a corporate intranet or the internet) and accessible via a common web browser.
The approaches include patient-reported outcome (PRO), clinician-reported outcome (ClinRO), observer-reported outcome (ObsRO), and performance outcome (PerfO) and are used in hospitals or healthcare providers, contract research organisations (CROS), pharmaceutical and biotechnology firms, medical device companies, and other end users.
North America was the largest region in the electronic clinical outcome assessment solutions market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the electronic clinical outcome assessment solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The electronic clinical outcome assessment solutions market research report is one of a series of new reports that provides electronic clinical outcome assessment solutions market statistics, including electronic clinical outcome assessment solutions industry global market size, regional shares, competitors with an electronic clinical outcome assessment solutions market share, detailed electronic clinical outcome assessment solutions market segments, market trends and opportunities, and any further data you may need to thrive in the electronic clinical outcome assessment solutions industry. This electronic clinical outcome assessment solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
An increase in research and development activities is expected to propel the growth of the electronic clinical outcome assessment solutions market going forward.Research and development activities refer to activities that companies undertake to innovate and introduce new products and services.
Electronic clinical outcome assessment solutions help research and development activities by capturing outcomes data electronically in clinical trials. For instance, according to the research and development survey-2021, conducted by Statistics NZ, a New Zealand-based public service department, research and development expenditure reached $2.8 billion, up 5% from 2020 and up 18% from 2019. Therefore, an increase in research and development activities is driving the electronic clinical outcome assessment solutions market.
Technological advancements are a key trend gaining popularity in the electronic clinical outcome assessment solutions market.Major companies operating in the electronic clinical outcome assessment solutions market are developing innovative platforms to strengthen their position in the market.
For instance, in January 2021, YPrime LLC, a US-based software company operating in the electronic clinical outcome assessment solutions market, launched its 5th generation electronic clinical outcome assessment (eCOA) platform, which is expected to provide a better user experience for patients, clinical investigators, sponsors, and CROs. This cutting-edge technology improves clinical trial efficiency, site satisfaction, and patient compliance.
In November 2021, ERT, a US-based company operating in eCOA solutions, merged with Bioclinica, a US-based company operating in clinical, imaging core lab, and clinical trial technology.With this merger, the company’s strengthened scientific expertise and unrivalled global scale combine to create the broadest endpoint technology platform poised to expedite the clinical trial process, simplify trial experiences and unlock composite endpoints.
The companies merged, and the combined company was renamed Clario.
The countries covered in the electronic clinical outcome assessment solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06318589/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
