
Published On: Jun 2021
Published On: Jun 2021
e-Clinical Outcome Assessments Segment has the Largest Share of Type of Solution in the North America ePRO, ePatient Diaries, and eCOA Market during 2021–2028
According to a new market research study on “North America ePRO, ePatient Diaries, and eCOA Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type of Solution, Modality, and End User,” is expected to reach US$ 1,640.6 million by 2028 from US$ 607.2 million in 2021. The market is estimated to grow at a CAGR of 15.3% from 2021 to 2028. The report provides trends prevailing in the North America ePRO, ePatient Diaries, and eCOA market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing demand for electronic health records (EHRs), rising use of smartphones and growing demand for clinical trials are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns regarding data privacy.
The vaccine development for COVID-19 has a positive impact on developing new products in the market to handle research activities remotely. For instance, In April 2020, ArisGlobal has launched LifeSphere CTMS10. This modern, end-to-end solution makes the entire clinical trial management process more accessible and transparent for companies of all sizes. Furthermore, In March 2021, Signant Health has launched an eCOA solution for oncology trials, intending to accelerate research start-up and lower study costs, and ensuring accuracy and efficiency of results data collection among trial participants. These factors had a potential impact on the North America ePRO, e-Patient Diaries, and eCOA market.
The market for ePRO, ePatient Diaries, and eCOA market is segmented into type of solution, modality, and end user. In 2020, the eCOA (Electronic Clinical Outcome Assessments) segment accounted for the North America ePRO, ePatient diaries, and eCOA market's largest market share. This large share can be attributed to the advantages offered by eCOA, as eCOA uses technology such as smartphones, laptops, computers to enable patients, nurses, and doctors to consult directly about medical test results. ECOA provides highly accurate knowledge that better understands and simplifies the acceptance process for patient reviews in clinical trials. In addition, the increasing cost for pharmaceutical manufacturers of modern overall drug development methodologies has led to their use of electronic information collection by way of paper-based processes. Data processing across eCOA networks improves the quality of the information gathered, harmonizes data systems, and gives users valuable benefits, such as data interpretation.
ERT Clinical, ArisGlobal LLC, The Diary Pte. Ltd, ICON PLC, PAREXEL INTERNATIONAL CORPORATION, Anju Software, Inc., Kayentis, Bracket Global LLC, Dassault Systèmes SE, CRF Health, and eClinical Solutions are among the leading companies in the North America ePRO, ePatient Diaries, and eCOA market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in February 2021, ERT, announced a powerful new solution for enabling the collection, processing and analysis of photos and audio as part of clinical trial eCOA assessments. This solution promises to streamline and drive patient compliance with data collection, while safeguarding patient privacy, confidentiality, and data security.
The report segments the North America EPRO, ePatient Diaries, and eCOA market as follows:
By Type of Solution
By Modality
By End User
By Country