Title: The E Clinical Solution Market To Take An Upward Turn In The Next Decade (1)
1The E Clinical Solution Market To Take An Upward
Turn In The Next Decade
Report Id PMRREP2884 Category Life Science
Healthcare
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3North America to remain dominant in the global
parenteral medical nutrition market
- In addition, the pharmaceutical industry is
facing immense pressure to reduce the time
consumed to conduct clinical trials and increase
effect of drugs. Presence of various end users
such as pharmaceuticals, clinical research
organizations (CROs), and healthcare providers
has increased the demand for e-clinical solution
software. The global e-clinical solution software
market was valued at US 3,005 Mn in 2014 and is
expected to expand at a CAGR of 13.8 from 2014
to 2020 to reach US 6,515.3 Mn by 2020. - In North America, the average cost of research
and development for a successful pharmaceutical
drug continues to increase from pre-clinical
stage i.e. initial development stage of drug till
FDA approval i.e. launch of the drug in the
market. According to Oracle Corporation an
e-clinical software company the share of global
clinical trials conducted in North America has
reduced from 30 in 2006 to 19 in 2010. - This was due to complex regulatory and legal
frameworks in North America, which led to
shifting of the clinical trials market to
developing countries such as India and China.
This may lead to sluggish growth of clinical
trials in the region.
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4Market Segmentation
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