Taiwan Eclinical Solutions Market Size & Outlook
Taiwan eclinical solutions market, 2018-2030 (US$M)
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Taiwan eclinical solutions market highlights
- The Taiwan eclinical solutions market generated a revenue of USD 140.2 million in 2023 and is expected to reach USD 345.0 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 13.7% 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 140.2 million |
| Market revenue in 2030 | USD 345.0 million |
| Growth rate | 13.7% (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, Taiwan accounted for 1.0% 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 Asia Pacific, Japan eclinical solutions market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,612.5 million by 2030.
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EClinical Solutions Market Scope
EClinical Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Taiwan 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 20.19% in 2023. Horizon Databook has segmented the Taiwan 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.
Taiwan is believed to be one of the emerging destinations for clinical trials considering costeffectiveness, economic sustainability and capability to conduct early stage clinical trials. According to ClinicalTrials.gov, it was reported that 630 open Phase I studies were conducted in Taiwan. Increasing number of collaborative agreements is anticipated to increase this number further over the coming years.
For instance, Taiwan has entered into a collaborative agreement with China to develop biotechnology industry and development of therapeutically advanced drugs. The aforementioned factors cumulatively exert a positive impact on the growth across this country. Furthermore, rising number of academic collaborations is presumed to heighten the adoption rate of eClinical solutions in Taiwan.
For instance, in November 2012, PARAXEL and National Taiwan University Hospital entered into partnership to enhance clinical research as well as drug development services in Taiwan.
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Target buyers of Taiwan eclinical solutions market databook
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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 Taiwan eclinical solutions market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan eclinical solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan eclinical solutions market size, by product, 2018-2030 (US$M)
Taiwan EClinical Solutions Market Outlook Share, 2023 & 2030 (US$M)
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