Oracle Corporation (US), Parexel International Corporation (US) and Dassault Systèmes (France) are Leading Players in the eClinical Solutions Market
The global eClinical Solutions market is projected to reach USD 17.9 billion in 2027 from USD 9.6 billion in 2022 at a CAGR of 13.3%. The rising operational costs and regulatory requirements associated with clinical research studies, increasing R&D expenditure on drug development by pharma-biotech companies and favorable government support and funding for clinical trials are some of the major factors fueling the growth of this market, globally. Rising need for improved data standardization and growing adoption of novel software solutions in clinical research are further supporting the global eClinical solutions market growth. However, limited adoption in emerging countries due to budgetary constraints and issues associated with patient privacy might pose a challenge to the market growth.
The prominent players in eClinical Solutions market are Oracle Corporation (US), Parexel International Corporation (US), Dassault Systèmes (France), Clario (US), Datatrak International (US), Signant Health (US), 4G Clinical (US), MaxisIT (US), IBM Watson Health (US), eClinical Solutions LLC (US), Veeva Systems (US), Research Manager (US), Saama Technologies, LLC (US), Mednet (US), Anju Software, Inc (US), Medrio, Inc. (US), Castor (US), Clinipace (US), ArisGlobal (US), Quretec Ltd. (Estonia), OpenClinica, LLC (US), Advarra (US), RealTime Software Solutions, LLC (US), YPrime LLC. (US) and Vial (US).
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Oracle Corporation (US), one of the leading players in the eClinical solutions market, is a software and hardware systems company that operates through three business segments, namely, Cloud and License, Hardware, and Services. The company develops, manufactures, markets, and maintains the Oracle database and middleware software, application software, cloud infrastructure, and hardware systems. The company’s portfolio comprises data discovery software, enterprise performance management & analytic applications software, business intelligence software, and predictive analytics & self-learning decision optimization software. The company offers its solutions for various industries, including healthcare, life sciences, chemicals, automotive, aerospace & defense, and research sectors. Oracle’s geographic operations are spread across Europe, the Middle East, Africa, the Asia Pacific, North America, and South America, with its customers present in more than 145 countries. With its strong product portfolio, continuous R&D activities, and wide geographic reach, Oracle is expected to grow significantly in the global eClinical solutions market.
Parexel International Corporation (US), provides a broad range of expertise in clinical research and logistics, medical communication, consulting, commercialization, and advanced technology solutions and services to the pharmaceutical, biotechnology, and medical device industries. It focuses on providing end-to-end integrated solutions to manage product lifecycles for developing and commercializing new therapies. The company has three reporting segments: Clinical Research Services (CRS), PAREXEL Consulting (PC), and PAREXEL Informatics (PI). The company has offices in 84 locations across 52 countries.
Dassault Systèmes (France) develops and manufactures software solutions for various industries, including aerospace & defense, business services, infrastructure, energy & materials, life sciences & healthcare, marine & offshore, as well as transportation & mobility, among others. Dassault Systèmes has a global presence with 115 operational subsidiaries. In 2019, Dassault created a new product line under the Medidata brand name with the acquisition of a US-based company, Medidata Solutions, one of the global leaders in clinical testing. Medidata’s clinical expertise and cloud solutions enable the development and marketing of smarter therapies. With this acquisition, the Life and Health Sciences industry is now the second largest source of revenue for Dassault Systèmes, putting it at the forefront of the virtual transformation of life sciences in personalized medicine and patient-centered care.
Related Reports:
eClinical Solutions Market by Product (CDMS, eCOA, CTMS, RTSM, ETMF, Analytics, Safety), Delivery (Web-hosted, Licensed Enterprise, Cloud-based), End User (Pharma, Hospitals, CROs), Clinical Trial Phases (Phase I, II) & Region - Global Forecasts to 2027
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