The E Clinical Solution Market To Take An Upward Turn In The Next Decade (1)

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The E Clinical Solution Market To Take An Upward
Turn In The Next Decade
Report Id PMRREP2884 Category Life Science
Healthcare
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North 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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