Parexel International Corporation, Oracle and Medidata Solutions, Inc. are dominating the Global Eclinical Solutions Market in 2018

Global eClinical Solutions Market is expected to grow at a healthy CAGR of 13.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The global eClinical 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 global eClinical solutions market. The other key players existing in the market includes, Oracle, Medidata Solutions, Inc., Veeva Systems, ERT Clinical, eClinical Solutions LLC, IBM Corporation, eClinicalWorks, Bioclinica, ArisGlobal, Advarra, Anju Software, Inc., Bio-Optronics, Inc., DATATRAK Int., ICON plc, MasterControl, Inc., MaxisIT, OmniComm Systems, Inc., RESONANCE HEALTH, The Realtime Group, Signant Health, Xybion Corporation among others.

Parexel 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 eClinical solutions falls under clinical development, integrated technologies, consulting, real -world evidence and late phase categories. The company has Approximately 20,000 employees.

  • 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.

Oracle:

Oracle headquartered in California, U.S. was founded in 1977. The company focuses on digital solutions and in discovering new insights and various other possibilities. The company operates through three business segments which include Product Licenses and Related Activities, IT solutions and consulting services, business process outsourcing services. The market focused segment is IT solutions and consulting services. The product categories of the company include cloud, software, hardware, solutions. The product related to the eClinical solutions falls under cloud, software, solutions categories. The company has approx. 7,149 employees as of March 31, 2018.

  • In September 2019, Oracle expanded its platform for utility of customer innovation, this expansion will be a best chance for Oracle, to stabilize itself in front of the customers. With this expansion oracle will able to expand its market.

It has its global networks through direct sales representatives and distributors in Asia-Pacific, Europe, Americas, Middle East and Africa. The company has various subsidiaries such as NetSuite (U.S.), Taleo (U.S.), Dyn (U.S.), BlueKai(U.S.), Responsys (U.S.) among others.

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 eClinical solutions falls under study conduct, analytics and trial management categories. The company has approx. 1,998 employees as of December 31, 2018.

  • In June, 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, 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.