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  • eClinical Solutions: How are New Partnerships Boosting Future Growth Potential?
    Decentralized clinical trials, rising mobile health adoption, and cloud-based platforms lower costs and enhance efficiency

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    The COVID-19 pandemic impact on the biopharmaceutical industry has increased patient-centricity and the adoption of eClinical services digital platforms to manage clinical development programs. Capital investments and co-development recorded an uptick over the last 2 years, focusing on advancing clinical assets and expanding the number of Phase 2 and 3 clinical trials. The total number of open trials (recruiting, enrolling by invitations) in 2021 went up 1.8x compared to 2019.

    eClinical solutions are the backbone for effectively managing clinical trials end-to-end. The market will register sustained growth at a 14.8% CAGR from 2021, reaching $9,409.5 million by 2026. Cloud-based electronic data capture (EDC), randomization and trial supply management (RTSM)/interactive response technology (IRT), and integrated platforms provide biopharmaceutical sponsors a unified view of the trial workflow while improving efficiency. Beyond the data management and operations products suite, clinical trial IT vendors have the opportunity to create intelligent and connected solutions that focus on decentralized and virtual hybrid trials. Remote patient recruitment and monitoring applications will record significant growth, encompassing patient recruitment, engagement, and monitoring to real-world evidence collection and reporting.

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