Canada Eclinical Solutions Market Size & Outlook
Canada eclinical solutions market, 2018-2030 (US$M)
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Canada eclinical solutions market highlights
- The Canada eclinical solutions market generated a revenue of USD 1,359.9 million in 2023 and is expected to reach USD 3,162.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, ctms was the largest revenue generating product in 2023.
- ECOA is the most lucrative product segment registering the fastest growth during the forecast period.
Eclinical solutions market data book summary
| Market revenue in 2023 | USD 1,359.9 million |
| Market revenue in 2030 | USD 3,162.5 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Ctms |
| Fastest growing segment | ECOA |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | ECOA, EDC & CDMS, Clinical Analytics Platforms, Clinical Data Integration Platforms, Safety solutions, CTMS, RTSM, ETMF, EConsent |
| Key market players worldwide | DATATRAK International Inc, Oracle Corp, PAREXEL, Dassault Systemes SE, Signant Health, Clario, eClinicalWorks, International Business Machines Corp, IQVIA Holdings Inc, Veeva Systems Inc Class A, Anju Software, MaxisIT Inc., Castor |
Other key industry trends
- In terms of revenue, Canada accounted for 9.8% of the global eclinical solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. eclinical solutions market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 351.1 million by 2030.
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EClinical Solutions Market Scope
EClinical Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada eclinical solutions market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eclinical solutions market will help companies and investors design strategic landscapes.
Ctms was the largest segment with a revenue share of 20.25% in 2023. Horizon Databook has segmented the Canada eclinical solutions market based on ecoa, edc & cdms, clinical analytics platforms, clinical data integration platforms, safety solutions, ctms, rtsm, etmf, econsent covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing adoption of fast-moving and work-oriented lifestyle has led to diseases such as cancer and diabetes, which in turn is expected to impact the market growth. A list of information related to phase I, II, and III clinical trials has been provided by Health Canada via its Clinical Trials Database on patients. This is anticipated to boost the market demand.
Increased healthcare expenditure is one of the major drivers for the growth of eClinical solutions market in Canada. The awareness level regarding lifestyle diseases is increasing, which is making companies focus on more pipeline products. Besides, the country offers huge competitive advantages for example strong government support with a significant investment in health research funding, a pool of research physicians qualified with major medical discoveries, and high ethical and safety standards. Thus, attracts market players. For instance, in July 2021, Cloudbyz, e-Clinical solutions provider publicized the opening of a new office in Toronto, Canada.
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Our clientele includes a mix of eclinical solutions market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada eclinical solutions market , including forecasts for subscribers. This country databook contains high-level insights into Canada eclinical solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada eclinical solutions market size, by product, 2018-2030 (US$M)
Canada EClinical Solutions Market Outlook Share, 2023 & 2030 (US$M)
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