The global electronic clinical outcome assessment solutions market size is expected to reach USD 6.27 billion by 2032, according to a new study by Polaris Market Research. The report “Electronic Clinical Outcome Assessment Solutions Market Share, Size, Trends, Industry Analysis Report, By Delivery Mode (On-premise, Web & Cloud-based); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is anticipated to rise as a result of factors like an increase in clinical trials, the need to enhance compliance, efficiently capture and manage clinical information, the need to cut costs, and an increase in R&D activities. The complexity of managing healthcare information will increase the acceptance and demand for eCOA solutions. By utilizing these technologies, healthcare facilities may guarantee the prompt & correct distribution of health information and lessen the burden on individuals enrolled in clinical trials.
In order to accurately define treatment gain, regulatory organizations have also underlined the significance of monitoring broader aspects of patient well-being. Clinical outcome assessments are becoming more common to measure the success of various treatments for chronic illnesses.
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Furthermore, due to the rapid development in healthcare industry, there is an increasing demand for innovation to develop novel treatments and pharmaceuticals. A standard data-gathering method is required because more research investigations are being conducted. For instance, as the solution enters the second phase of the Early Adopter program, Suvoda launched the electronic clinical outcome assessments (eCOA) design toolkit on December 20, 2022. The toolbox is intended to smoothly integrate with Suvoda IRT and eConsent and address the current historical issues with the eCOA.
The COVID-19 pandemic impeded clinical study conduct and management. Market participants adopted numerous measures, including the use of e-clinical technology, to address these problems and maintain the continuity of clinical research activities. The pandemic, therefore, contributed to the digitization of clinical trials. To gather data, manage it, and derive valuable insights remotely and cost-effectively, many sponsors, biopharma companies, medical device companies, and contract research organizations (CROs) have started to adopt eClinical systems. The use of computerized clinical outcome evaluation enables the remote collection of patient data.
Electronic Clinical Outcome Assessment Solutions Market Report Highlights
Polaris Market Research has segmented the electronic clinical outcome assessment solutions market report based on delivery mode, end-use, and region:
Electronic Clinical Outcome Assessment Solutions, Delivery Mode Outlook (Revenue - USD Billion, 2019 - 2032)
Electronic Clinical Outcome Assessment Solutions, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Electronic Clinical Outcome Assessment Solutions, Regional Outlook (Revenue - USD Billion, 2019 - 2032)