Parexel International Corporation, Medidata Solutions, Inc. and Veeva Systems are Dominating the e-Clinical Solutions Market in 2019

e-Clinical Solutions Market is expected to grow at a healthy CAGR of 12.8% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

The e-Clinical solutions market is a fragmented market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to growing number of contract research organization and increase in R&D expenditure by pharmaceutical and biopharmaceutical companies.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand. For instance, in July 2019, Parexel International Corporation extended Asia-Pacific capability with the launch of Health Advances Asia Limited to improve the development of new therapies. The launch of Health Advances Asia Limited will improve the health awareness among people and this will lead to help the company in business expansion.

Parexel International Corporation dominated the e-Clinical solutions market. The other key players existing in the market includes, Oracle, Medidata Solutions, Inc., Veeva Systems, ERT Clinical, IBM Corporation, Bioclinica, ArisGlobal, Anju Software, Inc., Bio-Optronics, Inc., DATATRAK Int., ICON plc, MasterControl, Inc., OmniComm Systems, Inc., RESONANCE HEALTH, Signant Health, Xybion Corporation among others.

Europe e-Clinical Solutions MarketParexel International Corporation:

Parexel International Corporation is headquartered in Massachusetts, U.S. was incorporated in 1983. The company focuses on providing drug development and biopharmaceutical services to the pharmaceutical industries to conduct and manage the clinical trial through clinical trial solutions. The product categories of the company include clinical development, integrated technologies, consulting, medical & scientific services real-world evidence and late phase. The product related to the e-Clinical solutions falls under clinical development, integrated technologies, consulting, real world evidence and late phase categories. The company has approximately 20,000 employees.

For instance,

  • In September 2019, Parexel expanded phase 1 research in Greater China to improve the support level for customers conducting phase-1 research. With this expansion the company will expand its product portfolio in the market.

It has its global networks through direct sales representatives and distributors in the America, South America, Europe, Asia and Middle East & Africa.

Medidata Solutions, Inc.:

Medidata Solutions, Inc. is headquartered in New York, U.S. and reincorporated in 2000. The company is focusing on providing clinical development decisions; precision medicine is tailoring treatment options to the life sciences company. The product categories of the company include unified platform & tools, study conduct, data management, analytics, trial planning, trial management, Acorn AI. The product related to the e-Clinical solutions falls under study conduct, analytics and trial management categories. The company has approximately 1,998 employees as of December 31, 2018.

For instance,

  • In June 2019, DASSAULT SYSTÈMES acquired the Medidata cloud-based services. This acquisition will bring a major technological change in the field of bioinformatics and precision medicine. This acquisition will broaden the product portfolio of both the organization.

The company has wide geographic presence in Europe, U.S., and Asia-Pacific. It operates through its subsidiaries such as SHYFT Analytics, Inc. (U.S.), Mytrus, Inc., (U.S.), Patient Profiles, LLC (U.S.), Medidata FT, Inc. (U.S.) CHITA, Inc. (U.S.) and others.

Veeva Systems

Veeva Systems, Inc. is headquartered in California, U.S. and founded in 2007. The company is focuses on providing innovative cloud software services to the more than 600 life science companies. The product categories of the company include clinical solutions, regulatory solutions, quality solutions, safety solutions, medical solutions, commercial solutions, and industry segments out of which the market focused is clinical solutions. The company has approximately 2,171 employees as of December 31, 2018.

For instance,

  • In August 2016, Veeva Systems introduced Veeva Vault CTMS. This is the first multitenant cloud application in the industries, which gives information about clinical trial, documentation, and processes. This will lead to develop the market and increase the stake holder of companies.

The company has wide geographic presence in Asia Pacific, Europe, and North America. It operates through its subsidiaries such as Zinc Ahead (U.K.), Zinc Ahead Holdings Limited (U.K.), Advantage Management Solutions, Inc. (U.S.), Mederi AG (U.S.) among other.