Clinical IT Market Trends
Category Intelligence on Clinical IT covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
Industry Outlook & Drivers
Global Market Outlook on Clinical IT Services
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The pandemic has increased the need for technology in trials with live results
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North America and Europe has a less impact, due to COVID because they had the technology upfront. It was few players who either adopted one solution or entire end-to-end solution, now we can see more buyers for every solution
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Asia is a region that is growing in this field, due to an increase in trials and non-communicable diseasesapart from increase in funding from government for research
eClinical Solutions Market Segmentation
eClinical solutions will enable effective planning, tracking, and execution of the healthcare data base across different countries. The eClinical solutions market can be segmented based on the product type as follows:
9-10%
EDC-adoption of EDC systems by pharmaceuticals to operate clinical trials is predicted to provide this market with lucrative growth.
Advancement in technologies is considered to be the most important market driver.
31-32%
CTMS-CTMS contributes to a major share of clinical trial technologies market, followed by RTMS. The global CTMS market is expected to reach $2.3 billion by 2022 at a CAGR of around 11.4 percent.
31-32%
RTSM is gaining increased importance with the growth in Interactive Voice Response (IVR), Interactive Web Response (IWR) and is expected to hold a market value of $750 million to $1 billion.
15-16%
Increasing demand to collect patient self-reports through mobile and digital technologies makes eCOA/ePROs to grow at a faster pace than other technologies.
25-26%
Other
Drivers and Constraints
Drivers
- Rising government support for clinical trial through grants and funding
- Increasing need for software solutions during the clinical trials
- Rising R&D expenditure by pharmaceutical and biotech companies in the sector is leading to the adoption of technologies that provide cost-effective solutions
- Rise in the need for better data standardization
- Rising number of clinical trials, especially across emerging countries in the Asia-Pacific region, offers growth opportunities for vendors of eClinical solutions
Cons
- Stringent and lengthy government regulations
- Shortage of skilled research professionals in the field
- Concerns over patient data privacy
- Lack of awareness in the society about the benefits of eClinical solutions
- Import/export regulations related to pharma packages. Adhering to both local and global regulatory guidelines is creating a big challenge
- Data Charges - Reimbursement of data charges incurred by patients. Proper contracts for the data plan
Technology Trend - mHealth
Usage of Mobile Technology in Clinical Trials
Current
- Provide patients with access to studies that are active and recruiting patients
- Allow investigators to access various study materials and tools
- Offer site training in different iterations, depending on the audience
- Patient retention activities, such as study visit reminders, medication and diary reminders. There are some new retention techniques, such as online communities, gamification, etc
Future
- BYOD
- Study-specific mobile applications
- Disease-specific medical devices
- Better eCOA Platform
New Technologies and Case Studies
Study-specific Mobile Applications
As an alternative to Investigator kits, mobile apps can provide study information along with alerts to sites on updates in the study, such as protocol amendments or changes.
Case:
UBC has developed a mobile app for site staff. This app includes e-kit, tools for informed consent, inclusion/exclusion criteria, and patient retention to use at the protocol level along with built-in automatic updates and alerts if any related to the study.
Disease-specific Medical Devices
This includes wireless health care devices that can be used to collect data related to a specific study (example: spirometer for COPD study) which in turn reduces mandate visits by patients.
Case:
WellDoc's BlueStar is the world's first mobile prescription therapy for people with type-2 diabetes. BlueStar provides real-time blood glucose testing, healthy diet and exercise choices, medication adherence, and quality standards of care, such as A1c tests, foot exams, and blood pressure and lipid levels, etc.
Better eCOA Platform
Text messaging is traditionally used to send remainders for patients, but it is now used to as a part of recruitment and select eligible candidates for a study
Case:
Omniscience's OmniCAST provides an advertising response mechanism for potential study subjects, which allows people to register their interest and determine their fit with the eligibility criteria. When a prospective candidate is identified, OmniCAST will transfer the patient's data to sponsor or CRO automatically for further processes.
EClinical Solutions Market Overview
- The US is the biggest eClinical solutions market and will continue the position with a CAGR of 12.86 percent.
- Asia Pacific is the fastest growing market for e-clinical trials, with a CAGR of 1.5 percent per year.
- Integration and unification of systems will be a major step towards patient-centric trials.
- Unification will provide a consolidated database that will serve as a base for all applications, such as EDC, ePRO, RTSM, etc.
- Integration paves way for optimized clinical development, reduces data redundancy. As big data is trending, integration will save data at a single server and utilized at multiple sources
- Clinical it market intelligence shows increasing adoption of software solutions during clinical trials.
- Increasing government support and funding for clinical research.
- Requirement for improved data standardization.
- Increasing R&D expenditure by pharmaceutical companies•Growing demand for improved therapeutics.
- Increasing clinical research activities in emerging Asian countries.
- Increasing outsourcing of clinical trials to CROs.
- Development of cost-effective modules.
- Increasing clinical trials globally
- Successful implementation of Risk Based Monitoring (RBM) is expected to reduce cost and time if the study team differentiates and classifies the data that they are going to receive upfront while designing their monitoring plan.
- RBM is said to increase data entry accuracy and reduce Source Document Verification (SDV).
- As the industry is also heavily reliant on technology, the power can easily shift from one player to another though 75–80 percent of the market is helped by 2 players, hence Sponsor’s can benefit by dealing with multiple suppliers.
Why Should You Buy This Report
- Information about the eclinical solutions market size, trends, segmentation, drivers and constraints, clinical market research etc.
- Technology trends, industry trends, clinical trial technology trends, SWOT analysis of the global clinical IT market.
- Supplier landscape, capabilities, sourcing models, Porter’s five force analysis and other clinical IT market intelligence.
