Global Market Study on E-clinical Solution Software : Asia to Witness Highest Growth by 2020
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E-clinical Solution is Software that helps researchers easily manage and analyze clinical data. It helps clinical research organizations, pharmaceutical, biotechnology, medical device, and research organizations to magnify their clinical research investment through the use of innovative technologies. Clinical trials are research studies to inspect safety and efficacy of drugs, medical devices, and therapeutic products for humans before they are launched in the market. Growing penetration of computers and the Internet worldwide is driving the application of e-clinical solution software in the clinical trials industry. E-clinical solution software is used widely in the management of clinical trials due to its effectiveness over paper process.
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North America dominates the global market for e-clinical solution software due to increasing number of clinical trials in the region. The market in Asia is expected to show high growth rates over the next five years. China and India are expected to be the fastest growing e-clinical solution software markets in Asia. Major key driving forces for the e-clinical solution software market in emerging countries are large pool of patients, increasing healthcare awareness, and increasing clinical trial outsourcing in these regions.
Increasing number of clinical trials, rising need for improved data standardization and reducing the time consumed during clinical trial process, and increasing spending on clinical research and development in the pharmaceutical industry are key growth drivers for the e-clinical solution software market. In addition, increasing clinical trial outsourcing is expected to provide opportunities for new market entrants, which would further drive growth of the e-clinical solution software market. On the other hand, long approval times for clinical trials, high costs of implementation, and lack of skilled manpower are major concerns for the industry.
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Table of Content
Chapter 1 Preface 12
1.1 Report Description 12
1.2 Research Methodology 13
1.3 Assumptions 13
Chapter 2 Market Synopsis 14
Chapter 3 Porter’s Five Forces Analysis 16
3.1 Bargaining Power of Suppliers 16
3.2 Bargaining Power of Buyers 17
3.3 Threat of New Entrants 17
3.4 Threat of Substitutes 17
3.5 Intensity of Rivalry 17
Chapter 4 Industry Overview 18
4.1 Market Definition 18
4.2 Market Drivers 20
4.2.1 Increasing number of clinical trials 21
4.2.2 Rising spending on clinical research and development in the pharmaceutical industry 22
4.2.3 Growing clinical trial outsourcing 23
4.2.4 Rising need for improved data standardization and reducing the time consumed during clinical trial process 23
4.3 Impact Analysis of Market Drivers 24
4.4 Market Restraints 25
4.4.1 High costs of implementation and lack of skilled manpower 25
4.4.2 Lack of high-speed broadband facilities and IT professionals in remote areas 25
4.4.3 Long approval times for clinical trials 26
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