Electronic Clinical Outcome Assessment (eCOA) Market is set to Witness Huge Demand at a CAGR of 16.30% during the Forecast Period 2029
Data Bridge
Market Research analyses that the electronic clinical outcome assessment (eCOA)
market which was USD 1.22 billion in 2021, would rocket up to USD 4.08 billion
by 2029, and is expected to undergo a CAGR of 16.30% during the forecast
period 2022 to 2029. The market report curated by the Data Bridge Market
Research team includes in-depth expert analysis, patient epidemiology, pipeline
analysis, pricing analysis, and regulatory framework.
Market Insights and Scope
Global Electronic
clinical outcome evaluation
has proven to be extremely effective and cost-effective over time. The
pharmaceutical sector is rapidly increasing its investment in clinical trials,
while the demand for the development of clinical data management is always
increasing. The expansion of cloud computing in the pharmaceutical business is
projected to positively impact market growth. On the other side, the electronic
clinical outcome assessment (eCOA) has a high initial installation cost, which
is a major worry for clinical trial sponsors and mid-sized pharmaceutical
manufacturers.
The state of a
patient and the consequences and course of a disease are determined via
electronic clinical outcome assessments (eCOA). The electronic clinical outcome
assessments enable real-time visibility, which aids in enhancing protocol
adherence, assuring patient safety and participation, and lowering trial risks.
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