San Francisco, California, October 11, 2018: The global market for electronic clinical outcome assessment solutions market is anticipated to witness a strong growth during the forecast period, 2017 – 2025, owing to high demand for enhancing patient safety along with safety in clinical trials. Rising adoption of cloud based platform all over the world along with the advent of cloud healthcare solutions is anticipated to drive the market, notices TMR Research. In a report titled, “Electronic Clinical Outcome Assessment (eCOA) Solutions Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025”, the analysts of the report have a complete overview of the market, thus helping readers to understand about the market.
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The global electronic clinical outcome assessment market is anticipated to grow at an exponential rate in the upcoming years owing to rising espouse of electronic clinical outcome assessment by medical professionals. For example, the Journal of Clinical Studies predicted that nearly 7% of the trials are assimilating electronic clinical outcome assessment solution and is likely to increase by 20% by 2018. Rapid growth of healthcare sector is propelling the need for more research studies in order to develop enhanced treatments. This is anticipated to favor the market growth.
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Apart from these, rise in uptake of electronic based services for capturing data is challenging paper based records. This shift abodes well with rising number of patients all across the world. Companies present in the market are undergoing strategic partnership such as mergers and acquisitions in order to expand their reach and increase their customer base. Launch of new product is considered as one of the most common practices taken up by the market players to create product differentiation. North America owing to its advanced healthcare sector is anticipated to hold the major share in the market.