Global Electronic Clinical
Outcome Assessment (eCOA) Solutions Market is expected to reach USD 2.16 billion by 2025, according to a
new report by Grand View Research, Inc. The complexity in healthcare
information management is anticipated to fuel the demand for eCOA solutions in
coming years. These solutions deliver accurate and timely health information
and reduce burden of patients enrolled in clinical trials.
eCOA measures overall mental state, patient symptoms, and
the progression of a disease. Electronic diaries and electronic Patient
Reported Outcomes (ePRO) are a part of eCOA platforms. Electronic diaries help
document patient response. These are used as support systems for ePRO. In all
the applications of clinical outcome assessment systems, the compliance rates
are more than 90%, which helps accelerate research procedures.
In addition, assessment systems help detect probable adverse
conditions in advance for patients, which is crucial for taking preventive
measures to avoid adverse effects in future. The ePRO platforms transfer
real-time data from the patients to healthcare professionals for accurate
decision-making and better evaluation of a patient’s health. Thus, the adoption
of these platforms is expected to grow in near future.
Growing adoption of software solutions during research
studies, high R&D expenditure by pharmaceutical companies, favorable
government grants to support clinical trials, and widening base of potential
customers are some of the key contributing factors for market growth.
Access Full Research Report on Global Electronic Clinical
Outcome Assessment (eCOA) Solutions Market: http://www.grandviewresearch.com/industry-analysis/electronic-clinical-outcome-assessment-ecoa-solutions-market
Further Key Findings From the Study Suggest:
- Rising
adoption of technologically advanced wearable and handheld medical devices
helps capture clinical outcomes electronically, further making the medical
information assessment easier
- The
core advantage of web-based services is ability to access information from
remote locations using only one computer or monitoring device in
healthcare settings
- Cloud-based
solutions are anticipated to grow at an exponential rate owing to
integrated features that include flexibility, high accessibility,
negligible handling costs, and easy data backup
- Contract
research organizations dominated the market as major pharmaceutical
companies are focused on reducing expenditure on clinical trials
- 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
- Asia
Pacific market is expected to show fastest growth over the forecast period
owing to the availability of a large number of contract research firms
offering eCOA platforms to large pharmaceuticals
- The
companies are making significant investments to implement eClinical
solutions in order to manage medical information, owing to the benefits it
offers
View More Related
Reports from same category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
Grand View Research
has segmented the Global Electronic
Clinical Outcome Assessment (eCOA) Solutions Market on the basis of the
delivery mode, end use, and region:
eCOA Solutions Delivery Mode Outlook (Revenue, USD
Million, 2014 - 2025)
- Web
hosted
- Licensed
enterprise
- Cloud
based
eCOA Solutions End-use Outlook (Revenue, USD Million,
2014 - 2025)
- Hospitals
- CROs
- Academic
Institutes
- Pharma
& Biotech Organizations
- Medical
Device Manufacturers
eCOA Solutions Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
- Saudi
Arabia
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-electronic-clinical-outcome-assessment-ecoa-solutions-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment