Electronic Data Capture (EDC) Market 2025 Key Trends and Growth Opportunities By Medidata, Oracle, Parexel, BioClinica
The Electronic data capture (EDC) market is estimated to represent a global market of USD 348.5 million by 2016 with growth rate of 12.8%. Electronic data capture (EDC) system is web-based software that stores participant data collected in clinical studies. Traditionally, before being transcribed into the system, clinical data was recorded on paper documents and then saved in an electronic case report form (eCRF). EDC systems have been used to carry out both simple and complex trials in different phases of clinical research. Clinical studies has become more complex. Companies involved in clinical research require to do more in less stipulated time period. Further, budget, compliance and accuracy also affect to the quality and speed of the clinical process.
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Advancement in technologies is considered to be the most important driving factor for the growth of EDC market. Large number of vendors are constantly engaged in developing new EDC techniques to keep up with the changes in industry. For instance, in March 2017, PAREXEL International Corporation launched Patient Sensor Solution, which helps in capturing, transmitting, storing and visualizing clinical trial information. This technique enables an end to end technology and service solution which facilitate remote collection of subject data through medical devices. Such introduction would in turn help the market to grow at rapid pace, hence drives the market growth. However, lack of skilled professional is expected to hamper the market growth to some extent. Also, lack of awareness levels in developing countries coupled with lack of cyber security laws which may lead to information leak, hampering the market growth.
The market is studies in term of component, delivery mode, clinical trials, and end-use. Component segment is divided into Software, and Services. Services for the EDC systems held the largest market share as of 2016, owing to the availability of a large number of Contract Research Organizations (CROs) offering the eClinical solutions. Strict regulatory scenario to conduct clinical studies have made many end users to adopt novel techniques to meet complex regulatory requirements, which is anticipated to contribute toward the growing demand over the forecast period. Delivery Mode is categorized as Web hosted, Licensed enterprise, and Cloud Based. Among which, web hosted is largest revenue generating segment.
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Table of Contents:
TABLE OF CONTENT
ELECTRONIC DATA CAPTURE MARKET OVERVIEW
Assumption and Methodology
Key Market Facts
Companies in the Market
ELECTRONIC DATA CAPTURE MARKET TRENDS
Impact Analysis of Market Drivers
Impact Analysis of Market Restraints
Market Future Trends
ELECTRONIC DATA CAPTURE MARKET
Value Chain Analysis
New Introduction by Leading Companies
ELECTRONIC DATA CAPTURE MARKET LANDSCAPE
Market Share Analysis
ELECTRONIC DATA CAPTURE MARKET – BY GEOGRAPHY
KEY VENDOR ANALYSIS
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