DUBLIN--(BUSINESS WIRE)--The "Global Clinical Trial IT Solutions Market, 2022: Frost Radar Report" report has been added to ResearchAndMarkets.com's offering.

To improve clinical trial efficiency, pharma companies are turning towards cloud-based electronic data capture (EDC), randomization and trial supply management (RTSM), and integrated platforms that offer them a unified trial workflow view. Major companies are exploring technologies to achieve more than 30% cost reductions by 2025, more than 50% performance efficiency by 2030, and more than 40% virtual/hybrid trials by 2040.

In the biopharmaceutical industry, personalized intervention and technologies to support outcomes measurement drive clinical development, a departure from the traditional value-driven development model. As such, participants must realign their go-to-market strategies to optimize the end-to-end customer experience.

Today, the industry strives to build an inclusive partner ecosystem that will integrate technology, data, and regulatory standardization-enabled innovation into clinical trial delivery. Doing so will drive adoption of decentralized clinical trials (DCTs) and reduce the burden on investigators and sites during the next 3 to 5 years.

The research indicates that using their experience deploying electronic clinical (eClinical) solutions, vendors can create smart and connected IT solutions that focus on decentralized and virtual hybrid trials.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned.

Key Topics Covered:

1. Strategic Imperative and Growth Environment

• Strategic Imperative
• Growth Environment

2. Frost Radar

• Frost Radar: Clinical Trial IT Solutions Market
• Frost Radar: Competitive Environment

3. Companies to Action

3. Strategic Insights

4. Next Steps: Leveraging the Frost Radar to Empower Key Stakeholders

• Significance of Being on the Frost Radar
• Frost Radar Empowers the CEO's Growth Team
• Frost Radar Empowers Investors
• Frost Radar Empowers Customers
• Frost Radar Empowers the Board of Directors

5. Frost Radar Analytics

Companies Mentioned

• Advarra
• Anju Software
• ArisGlobal
• Castor
• Clario
• Datatrak
• DSG
• ICON
• IQVIA
• Labcorp (Covance)
• 3DS (Medidata)
• Mednet
• Medrio
• Oracle Corporation
• REDCap Cloud
• Signant Health
• Thermo Fisher Scientific (PPD)
• Veeva Systems

For more information about this report visit

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