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PHT Corporation ranked first in the Global eClinical solutions Market
The global eClinical solutions market is dominated by players such as Oracle Corporation (U.S.), PAREXEL International Corp. (U.S.), Medidata Solutions, Inc. (U.S.), BioClinica, Inc. (U.S.), OmnComm Systems, Inc. (U.S.), and Merge Healthcare Incorporated (U.S.). As of 2012, Oracle Corporation was the leader in the global clinical data management system/electronic data capture (CDMS/EDC) solutions and clinical trial management system (CTMS) solutions markets with shares of ~35% and ~24%, respectively. The company has a broad product portfolio which includes products under various categories such as, EDC, CTMS, RTMS (randomization and trial supply management), safety solutions, and services. It has a strong geographic presence with ~400,000 customers, which include top pharmaceutical companies and clinical research organizations, in 145 countries all over the world. Furthermore, the company has adopted acquisitions and new product launches as its key business strategies to sustain its position in the market.
PHT Corporation ranked first in the global eCOA (electronic clinical outcome assessment) solutions market with a market share of ~14% in 2012, followed by CRF Health (U.S.), and eResearch Technology, Inc. (U.S.). PHT Corporation provides eCOA solutions under three categories, namely, electronic patient reported outcome (ePRO), patient reported outcome measures (PROMs), and clinician reported outcome (ClinRO) systems. The company mainly concentrates on new product launches and product development as its key business strategies, to sustain its leadership position in the eCOA market.
Partnerships, agreements, collaborations, joint ventures, new product launches, and product development are the key growth strategies adopted by leading industry participants. Market players adopted these strategies to access new eClinical solutions, expand their products and services portfolio, enter into growing markets, and/or increase their market share. In addition to top market players, companies such as DATATRAK International, Inc. (U.S.), Biomedical Systems (U.S.), AG Mednet, Inc. (U.S.), eResearch Technology (U.S.), and DSG, Inc. (U.S.) are primarily focused on new product launches and acquisitions, to widen their product offerings and expand their growth in the global eClinical solutions market.
Major strategic developments are taking place in the field of cloud-based eClinical solutions market, which exhibits high-growth potential in the near future. Dominant market players such as Oracle Corporation (U.S.), Medidata Solutions, Inc. (U.S.), and DATATRAK International (U.S.) introduced several cloud-based eClinical solutions over the past three years in order to keep pace with the industry trends. In addition, factors such as growth in the number of clinical researches in emerging Asian countries and increasing number of clinical research organizations represent new growth opportunities for companies in the global eClinical solutions market.
eClinical Solutions Market (CDMS/EDC, CTMS, Ecoa , Randomization & Trial Supply Management, Safety), Services, Buyers (Pharma/Biopharma, CROS, Healthcare Providers), Delivery Modes (Web Hosted, On-Premise, Cloud-Based) - Global Forecast to 2018
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