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Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market – Industry Trends and Forecast to 2030

  • Healthcare IT
  • Upcoming Report
  • Jan 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market, By Product (On-Premise Solutions, Cloud Based Solutions and Web Based Solutions), Approach (Clinician Reported Outcome Assessment (CLINRO), Patient Reported Outcome Assessment (PRO), Observer Reported Outcome Assessment (OBSRO) and Performance Outcome Assessment (PERFO)), End User (Commercial Service Providers, Hospitals and Transplant Centers, Research Laboratories and Academic Institutions), Platform (Contract Research Organizations, Pharmaceutical and Biopharmaceutical Companies, Medical Device Manufacturers, Hospitals and Clinical Laboratories, Consulting Service Companies, Research and Academia and Others) – Industry Trends and Forecast to 2030.

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market Analysis and Size

Rising number of clinical trials, are much needed to improve compliance, effectively capture and manage clinical information. The need to reduce costs, and an increase in R&D activities are anticipated to drive market growth. Kayentis, a French company that studies electronic clinical outcome assessment (eCOA) solutions, and received USD 8.3 million in funding in December 2020 for this project. This aided its goals of regional expansion and product development.

Data Bridge Market Research analyses that the electronic clinical outcome assessment (eCOA) market which is USD 194.00 billion in 2022, is expected to reach USD 676.58 billion by 2030, at a CAGR of 16.90% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 – 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (On-Premise Solutions, Cloud Based Solutions and Web Based Solutions), Approach (Clinician Reported Outcome Assessment (CLINRO), Patient Reported Outcome Assessment (PRO), Observer Reported Outcome Assessment (OBSRO) and Performance Outcome Assessment (PERFO)), End User (Commercial Service Providers, Hospitals and Transplant Centers, Research Laboratories and Academic Institutions), Platform (Contract Research Organizations, Pharmaceutical and Biopharmaceutical Companies, Medical Device Manufacturers, Hospitals and Clinical Laboratories, Consulting Service Companies, Research and Academia and Others)

Countries Covered

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Market Players Covered

IBM Corporation (U.S.), IQVIA (U.S), Medidata Solutions, Inc. (U.S.), Clario (U.S.), Signant Health (U.S.), TransPerfect (U.S.), Cloudbyz (U.S.), Climedo Health GmbH (Germany), ClinCapture (U.S.), Oracle Corporation (U.S.), Paraxel International Corporation (U.S.), eClinical Solutions LLC (U.S.), OmniComm Systems, Inc. (U.S.), CRF Health (U.S.)

Market Opportunities

  • Rising demand for electronic clinical outcome assessment solutions

Market Definition

Electronic Clinical Outcome Assessment (eCOA) is a method of electronically collecting outcomes data in clinical trials. eCOA uses technologies such as handheld devices, tablets, and the internet to enable trial participants, physicians, and carers to directly report information about healthcare outcomes.

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market Dynamics

Drivers

  • Rising burden on pharmaceutical manufacturers

To reduce overall costs, new medication development techniques are gradually relying on electronic data capture rather than paper-based procedures. Data collection via electronic clinical outcome assessment platforms provides improved data quality, harmonises data collection practises, and delivers significant value to its users, in the form of data analysis. Electronic data collection and analysis services eliminate all of the drawbacks of paper-based records while growing patient compliance. They also lower the cost of site monitoring and eliminate the risk of data fluctuation. The above mentioned advantages of using electronic clinical outcome assessments are expected to drive product demand in the coming years.

  • Rise in clinical outcome assessments

Clinical outcome assessments (COAs) are thus being used more frequently to evaluate the efficacy of various chronic illness therapies. These have frequently been critical in the regulatory approval of medicines. The addition of numerous services will also aid in its growth. For instance, in June 2021, Signant Health has launched a novel acceleration programme that cuts study setup timelines by 50% or more while maintaining clinical data quality. As a result, the increasing launch of novel programmes that assist companies in evaluating clinical trial studies is likely to boost demand for electronic clinical outcome assessment solutions, thereby boosting market growth.

Opportunities

  • Rising demand for electronic clinical outcome assessment solutions

In a study that was published in the American Chemical Society Pharmacology and Translational Science, 2020, new potential therapeutics for COVID-19 were discovered using a combined virtual and experimental screening strategy and selected from a library of nearly 4,000 approved medications with hydroxychloroquine (HCQ) as a reference medication. As prospective clinical trial candidates against the early phases of SARS-CoV-2 infection, zuclopenthixol, nebivolol, and amodiaquine were suggested. Remdesivir and favipiravir treatments were also suggested as potential adjuvants in COVID-19 treatment. As more clinical trials are being conducted as a result of the repurposing of various medications, there is a greater demand for electronic clinical outcome assessment systems. There will likely be an increase in demand for electronic clinical outcome evaluation solutions.

Restraints/Challenges

  • High implementation costs

Data privacy concerns and high implementation costs limit the market's growth. Moreover, over the projection period of 2023–2030, it is anticipated that the market will face challenges from a lack of favourable reimbursement scenarios in developing economies, high custom duty levied on medical equipment, and a lack of adequate infrastructure in low- and middle-income countries.

This electronic clinical outcome assessment (eCOA) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electronic clinical outcome assessment (eCOA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Electronic Clinical Outcome Assessment (eCOA) Market

COVID-19 pandemic hampered the Clinical study management. Market participants adopted numerous initiatives, including the use of eClinical technology, to address these problems and guarantee the continuance of clinical research operations. Clinical trials were digitised as a result of the epidemic. In order to gather, organise, and extract valuable insights from data in a remote, cost-effective manner, a growing number of sponsors, biopharma firms, medical device companies, and contract research organisations (CROs) have started to employ eClinical systems. Patient data can be remotely obtained with the aid of electronic clinical outcome evaluation (eCOA).

Recent Development

• In 2020, Australia's Melbourne, Saudi Arabia's Jeddah, Japan's Osaka, Canada's Montreal, and the Netherlands are among the five new regions where Oracle has expanded its cloud system (Amsterdam) It is anticipated that the market expansion will benefit from greater consumer awareness of its cloud-based applications.

• In 2020, By integrating LifeSphere Medical Information and LifeSphere MultiVigilance into their service-oriented technology stack in 2020, Aris collaborated with Soterius, Inc. to broaden their product offering.

Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market Scope

The electronic clinical outcome assessment (eCOA) market is segmented on the basis of product, delivery mode, approach, platform and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • On-Premise Solutions
  • Cloud Based Solutions
  • Web Based Solutions

Delivery Mode

  • Web-hosted
  • Cloud-based

Approach

  • Patient-reported Outcome (PRO)
  • Clinician-reported Outcome (ClinRO)
  • Observer-reported Outcome (ObsRO)
  • Performance Outcome (PerfO)

Platform

  • Contract Research Organizations
  • Pharmaceutical and Biopharmaceutical Companies
  • Medical Device Manufacturers
  • Hospitals and Clinical Laboratories
  • Consulting Service Companies
  • Research and Academia
  • Others

End-User

  • Commercial Service Providers
  • Hospitals and Transplant Centers
  • Research Laboratories and Academic Institutions

Electronic Clinical Outcome Assessment (eCOA) Market Regional Analysis/Insights

The electronic clinical outcome assessment (eCOA) market is analyzed and market size insights and trends are provided by country, product, delivery mode, approach, platform and end-user as referenced above.

The countries covered in the electronic clinical outcome assessment (eCOA) market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China electronic clinical outcome assessment (eCOA) market is dominating the market due to large number of clinical trials being conducted across the country. In addition, the country has launched an updated investigational new drug (IND) review procedure to expedite access to new drugs, encourage innovation, and meet the needs of current patients.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The electronic clinical outcome assessment (eCOA) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electronic clinical outcome assessment (eCOA) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electronic clinical outcome assessment (eCOA) market. The data is available for historic period 2011-2021.

Competitive Landscape and Electronic Clinical Outcome Assessment (eCOA) Market Share Analysis

The electronic clinical outcome assessment (eCOA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electronic clinical outcome assessment (eCOA) market.

Some of the major players operating in the electronic clinical outcome assessment (eCOA) market are:

  • IBM Corporation (U.S.)
  • IQVIA (U.S.)​​​​​​​
  • Medidata Solutions, Inc. (U.S.)
  • Clario (U.S.)
  • Signant Health (U.S.)
  • TransPerfect (U.S.)
  • Cloudbyz (U.S.)
  • Climedo Health GmbH (Germany)
  • ClinCapture (U.S.)
  • Oracle Corporation (U.S.)
  • Paraxel International Corporation (U.S.)
  • eClinical Solutions LLC (U.S.)
  • OmniComm Systems, Inc. (U.S.)
  • CRF Health (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market size will be worth USD 676.58 billion by 2030
The Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market growth rate is 16.90% during the forecast period.
The Rise in clinical outcome assessments and the Rising burden on pharmaceutical manufacturers are the growth drivers of the Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market.
The product, delivery mode, approach, platform, and end-user are the factors on which the Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market research is based.
The major companies in the Asia-Pacific Electronic Clinical Outcome Assessment (eCOA) Market are IBM Corporation (U.S.), IQVIA (U.S), Medidata Solutions, Inc. (U.S.), Clario (U.S.), Signant Health (U.S.), TransPerfect (U.S.), Cloudbyz (U.S.), Climedo Health GmbH (Germany), ClinCapture (U.S.), Oracle Corporation (U.S.), Paraxel International Corporation (U.S.), eClinical Solutions LLC (U.S.), OmniComm Systems, Inc. (U.S.), CRF Health (U.S.).
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