Eclinical Solutions Market Overview and Forecast Report, 2016 to 2024

Projected to grow at a CAGR of around 12%%%%, eClinical solutions market is expected to witness significant growth over the forecast period owing to the increasing demand for software solutions for clinical trials by the pharma and biopharma companies. Expanding research and development in this market is expected to drive the market growth over the forecast period. Also, increase in the government grants to substantiate the clinical trials and the rise in the number of customers for eClinical solutions is to spur the market growth over the forecast period. Moreover, factors such as the presence of a large population, growing customer base, low operating costs, and shift of resources from AMCs to CROs are propelling the growth of this market, especially in the Asia Pacific countries. The emerging markets, including Korea, China, Taiwan, and India, have become pleasing destinations for the outsourcing of clinical trials due to the presence of a large population and low service costs.