Electronic Clinical Outcome Assessment (eCOA) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030
Industry Analysis
According to the analysis conducted by Data Bridge Market
Research, the eCOA market is expected to experience a significant surge in
value from USD 1.22 billion in 2021 to USD 4.08 billion by 2029, with a
projected CAGR of 16.30% during the forecast period from 2022 to 2029.
The market report compiled by the Data Bridge Market Research team provides a
comprehensive analysis by experts, including patient epidemiology, pipeline
analysis, pricing analysis, and regulatory framework.
Market Insights and Scope
Electronic clinical outcome assessment (eCOA) has been
proven to be highly effective and cost-efficient over time. The pharmaceutical
industry is investing heavily in clinical trials, and the demand for the
development of clinical data management is continuously increasing. The growth
of cloud computing in the pharmaceutical industry is expected to have a
positive impact on market growth. However, the high initial installation cost
of eCOA is a major concern for clinical trial sponsors and mid-sized
pharmaceutical manufacturers. eCOA is used to determine the condition of a
patient, as well as the outcomes and progress of a disease. eCOA provides
real-time visibility, which helps improve protocol adherence, ensure patient
safety and participation, and reduce trial risks.
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