eCOA Solution Market to grow at a CAGR of 14.3% from 2022 to 2027, Cloud-based eCOA solutions to be the top segment for the market growth - Technavio

Rhea-AI Summary

The global eCOA solution market is projected to grow by USD 1,285.69 million from 2022 to 2027, at a CAGR of 14.3%, driven by increasing digitization in healthcare. The cloud-based segment will significantly contribute to this growth, offering benefits like data centralization and lower costs. North America is expected to lead, contributing 36% to global growth, fueled by a rise in chronic diseases and government subsidies. However, challenges such as data security concerns due to increasing cyberattacks may hinder market expansion.

Positive

• Market projected to grow by USD 1,285.69 million from 2022 to 2027.
• CAGR expected at 14.3%, indicating strong growth potential.
• Cloud-based solutions offer benefits like cost reduction and data centralization.

Negative

• Data security and privacy concerns may impede market growth.

NEW YORK, March 28, 2023 /PRNewswire/ -- The global eCOA solution market size is estimated to grow by USD 1,285.69 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 14.3% during the forecast period. The market share growth by the cloud-based segment will be significant for the growth of the global eCOA solution market during the forecast period. The remote use of patient health information and the sharing of information to limit the possible misuse of data are the most important features of these solutions. Data centralization, scalability, lower costs, and consistency of availability are some of the major benefits of the segment. The rapid adoption of digitization in the healthcare sector is expected to boost the growth of the segment during the forecast period.

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eCOA Solution Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on deployment (cloud-based and on-premise), end-user (CROs, hospitals, pharmaceuticals, and biological industry, and others), and geography (North America, Asia, Europe, and the Rest of the World). 

Geography Overview

The report provides actionable insights and estimates the contribution of all regions to the growth of the global eCOA solution market.

• North America is estimated to contribute 36% to the growth of the global market during the forecast period. The region is considered to be the largest market due to factors such as the rising prevalence of chronic and lifestyle diseases, increasing subsidies from government agencies, and increasing adoption of innovative products. Furthermore, the market growth is stimulated by major players such as OmniComm Systems Inc., ERT, BioClinica, PAREXEL International Corporation, and Medidata Solutions Inc. Moreover, the rise in the geriatric population has shifted the focus toward solutions that can improve the quality of patient care and make information flow easier.

Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

eCOA Solution Market – Market Dynamics
Key factor driving market growth

The growing digitization of the healthcare industry is driving market growth significantly. The healthcare industry is also embracing this change and moving toward digital health with services such as prescriptions, appointments, and diagnostics performed remotely using state-of-the-art devices and technology. This digital health trend also drives the demand for eCOA solutions, as more hospital systems use these solutions to collect data for different purposes and store it in one central location. The growth can be attributed to factors such as an increase in the number of clinical trials, the need to improve compliance, effective collection and management of clinical data, reduction of costs, and an increase in research and development.

Leading trends influencing the market 

The increasing use of connected devices and technologies is an emerging trend in the global eCOA solution market. The rising use of the IoT and connected medical devices is another major trend in the healthcare industry that is anticipated to drive the growth of the global market. IoT infrastructure helps to improve accessibility to services, reduces the operational burden on healthcare facilities, and supports the development of digital ecosystems in healthcare organizations. Some of the major IoT applications include telemedicine, connected imaging, clinical workflow and operations management, medication management, and inpatient monitoring. Moreover, the growing number of initiatives from governments across the world to drive the use of IT in healthcare, the rising need to reduce healthcare costs, and the growing penetration of smartphones and the internet are driving the adoption of the IoT in the healthcare industry. 

Major challenges hindering the market growth

Data security and privacy concerns are major challenges that may impede market growth during the forecast period. Healthcare organizational information and patient data have become vulnerable to cyberattacks due to the integration of data-generating devices into healthcare systems and the growing availability of data from health insurance companies and hospitals in a centralized place. The rise in the number of cyberattacks in the healthcare industry has led to considerable concerns over privacy and data protection among players in the industry, including hospitals, clinics, and insurance companies. Security and privacy concerns have increased in the past decade because of the growing number of cyberattacks and the use of technologies such as clinical mobility, wireless networking, cloud computing, and information exchange. Therefore, data security concerns are expected to hinder the growth of the global eCOA solution market during the forecast period.

Insights on market drivers, trends, & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) - Request a sample report!

What are the key data covered in this eCOA Solution Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the eCOA solution market between 2023 and 2027
• Precise estimation of the size of the eCOA solution market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the eCOA solution market across North America, Asia, Europe, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of solution market vendors

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eCOA Solution Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 14.3%
Market growth 2023-2027	USD 1,285.69 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	13.6
Regional analysis	North America, Asia, Europe, and Rest of World (ROW)
Performing market contribution	North America at 36%
Key countries	US, Canada, Germany, China, and Japan, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ArisGlobal LLC, Castor, Climedo Health GmbH, ClinCapture Inc.,  Clinical Ink Inc., Cloudbyz Inc., Dassault Systemes SE, eResearchTechnology GmbH, International Business Machines Corp., IQVIA Holdings Inc., KAYENTIS SAS, Mapi Research Trust, Parexel International Corp., QualityMetric Inc. LLC, SGS SA, Signant Health, TransPerfect Global Inc., Veeva Systems Inc., WCG Clinical Inc., and YPrime LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

 

Browse for Technavio Health Care market reports  

Table of Contents   

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global eCOA solution market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global eCOA solution market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.4 On-premise - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 CROs - Market size and forecast 2022-2027
• Exhibit 47: Chart on CROs - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on CROs - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on CROs - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on CROs - Year-over-year growth 2022-2027 (%)

• 7.4 Hospitals - Market size and forecast 2022-2027
• Exhibit 51: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)

• 7.5 Pharmaceuticals and biological industry - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Pharmaceuticals and biological industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Pharmaceuticals and biological industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Pharmaceuticals and biological industry - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Pharmaceuticals and biological industry - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Canada - Market size and forecast 2022-2027
• Exhibit 89: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ArisGlobal LLC 
• Exhibit 112: ArisGlobal LLC - Overview
• Exhibit 113: ArisGlobal LLC - Product / Service
• Exhibit 114: ArisGlobal LLC - Key offerings

• 12.4 Climedo Health GmbH 
• Exhibit 115: Climedo Health GmbH - Overview
• Exhibit 116: Climedo Health GmbH - Product / Service
• Exhibit 117: Climedo Health GmbH - Key offerings

• 12.5 ClinCapture Inc. 
• Exhibit 118: ClinCapture Inc. - Overview
• Exhibit 119: ClinCapture Inc. - Product / Service
• Exhibit 120: ClinCapture Inc. - Key offerings

• 12.6 Clinical Ink Inc. 
• Exhibit 121: Clinical Ink Inc. - Overview
• Exhibit 122: Clinical Ink Inc. - Product / Service
• Exhibit 123: Clinical Ink Inc. - Key offerings

• 12.7 Cloudbyz Inc. 
• Exhibit 124: Cloudbyz Inc. - Overview
• Exhibit 125: Cloudbyz Inc. - Product / Service
• Exhibit 126: Cloudbyz Inc. - Key offerings

• 12.8 Dassault Systemes SE 
• Exhibit 127: Dassault Systemes SE - Overview
• Exhibit 128: Dassault Systemes SE - Product / Service
• Exhibit 129: Dassault Systemes SE - Key news
• Exhibit 130: Dassault Systemes SE - Key offerings

• 12.9 eResearchTechnology GmbH 
• Exhibit 131: eResearchTechnology GmbH - Overview
• Exhibit 132: eResearchTechnology GmbH - Product / Service
• Exhibit 133: eResearchTechnology GmbH - Key offerings

• 12.10 International Business Machines Corp.
• Exhibit 134: International Business Machines Corp. - Overview
• Exhibit 135: International Business Machines Corp. - Business segments
• Exhibit 136: International Business Machines Corp. - Key offerings
• Exhibit 137: International Business Machines Corp. - Segment focus

• 12.11 IQVIA Holdings Inc. 
• Exhibit 138: IQVIA Holdings Inc. - Overview
• Exhibit 139: IQVIA Holdings Inc. - Business segments
• Exhibit 140: IQVIA Holdings Inc. - Key news
• Exhibit 141: IQVIA Holdings Inc. - Key offerings
• Exhibit 142: IQVIA Holdings Inc. - Segment focus

• 12.12 KAYENTIS SAS 
• Exhibit 143: KAYENTIS SAS - Overview
• Exhibit 144: KAYENTIS SAS - Product / Service
• Exhibit 145: KAYENTIS SAS - Key offerings

• 12.13 Parexel International Corp. 
• Exhibit 146: Parexel International Corp. - Overview
• Exhibit 147: Parexel International Corp. - Product / Service
• Exhibit 148: Parexel International Corp. - Key news
• Exhibit 149: Parexel International Corp. - Key offerings

• 12.14 Signant Health 
• Exhibit 150: Signant Health - Overview
• Exhibit 151: Signant Health - Product / Service
• Exhibit 152: Signant Health - Key news
• Exhibit 153: Signant Health - Key offerings

• 12.15 TransPerfect Global Inc. 
• Exhibit 154: TransPerfect Global Inc. - Overview
• Exhibit 155: TransPerfect Global Inc. - Product / Service
• Exhibit 156: TransPerfect Global Inc. - Key news
• Exhibit 157: TransPerfect Global Inc. - Key offerings

• 12.16 WCG Clinical Inc. 
• Exhibit 158: WCG Clinical Inc. - Overview
• Exhibit 159: WCG Clinical Inc. - Product / Service
• Exhibit 160: WCG Clinical Inc. - Key news
• Exhibit 161: WCG Clinical Inc. - Key offerings

• 12.17 YPrime LLC 
• Exhibit 162: YPrime LLC - Overview
• Exhibit 163: YPrime LLC - Product / Service
• Exhibit 164: YPrime LLC - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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FAQ

What is the projected growth of the eCOA solution market from 2022 to 2027?

The eCOA solution market is projected to grow by USD 1,285.69 million from 2022 to 2027.

What is the CAGR for the eCOA solution market during the forecast period?

The eCOA solution market is estimated to grow at a CAGR of 14.3% during the forecast period.

Which segment will significantly contribute to the growth of the eCOA solution market?

The cloud-based segment will significantly contribute to the growth of the global eCOA solution market.

What percentage of market growth is North America expected to contribute?

North America is estimated to contribute 36% to the growth of the global market during the forecast period.

What are the major challenges facing the eCOA solution market?

Data security and privacy concerns are major challenges that may impede market growth.