Electronic Data Capture Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Electronic data capture is an electronic system designed to collect clinical data from the patients in clinical trials. EDC transforms the paper-based format of collecting the data into the upgraded electronic format for medical devices, and pharmaceutical and CROs mainly adopt these EDC solutions.

Global Electronic Data Capture Market Segments Size & Growth:

Global Electronic Data Capture Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in adoption of EDC in pharmaceutical, technical developments in eClinical solutions, and growing manufactures in cloud-based services. However, lack of skilled labour and lack of awareness on EDC hamper the growth of the global electronic data capture market.

Global Electronic Data Capture Market Segments Share:

Global Electronic Data Capture market is categorised into by component which consists of software and services. Services have the largest market because of a large number of eClinical solutions provided by Contract Research Organizations for the requirement of clinical trials. On the basics of delivery model, it is classified by the licensed enterprise, web hosted, and cloud-based. Cloud-based portals hold the largest share due to the high data maintenance cost in clinical trials restricting the pharmaceutical companies to demand the inexpensive cloud- portals. Phase III has a substantial growth due to high adoption of EDC software and increases the productivity of processes. By end-user, EDC market is segmented as healthcare, CROs, academics institutions, pharma & biotech organisations, and medical device manufacturers. Contract Research Organizations (CRO) is projected to have a significant growth owing to the demand for EDC in the healthcare sector by decreasing the overall expenditure as well as benefits.

 By Geography, North America is dictating the growth of the global electronic data capture market and the growth in North America is mainly attributed by the stringent regulatory norms in handling clinical data, an increase in pharmaceutical industries is boosting the demand for EDC devices. Furthermore, Asia-Pacific is witnessing the beneficial growth during the forecast period, due to a large number of contract research organisations which offer eClinical solutions.

Global Electronic Data Capture Market Segments Trends:

• In November 2017, IBM Corporation introduced a private cloud platform “IBM Cloud Private” to provide services in technological investment in data management and cloud-native tools for the public as well as private clouds.
• In December 2017, PAREXEL launched a cloud platform Perceptive Cloud for the life science sectors which has services like DataLabs Electronic Data Capture and IMPACT for clinical trial management.

Global Electronic Data Capture Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

• IBM Corporation
• PAREXEL International Corporation
• BioClinica, Inc.
• DATATRAK International, Inc.
• Oracle Corporation