Global Electronic Data Capture Systems Market by Development Phase (III, II, IV, Phase I), by Delivery Mode (Licensed Enterprise, Web Based, Cloud Based) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for Electronic Data Capture Systems was worth USD 349.8 millions. Over the forecast period, the increasing complexity of managing clinical data generated during and after trials is expected to drive demand for EDC systems. According to the Center for Study of Drug Development, more than 80% of clinical trials fail because they do not meet regulatory requirements. This led to delayed drug commercialization. Manufacturers suffered a loss in revenue due to this. EDC systems can help to reduce this problem by simply capturing and managing clinical information.

U.S. EDC system market by component, 2014 – 2025 (USD million)

Companies are choosing to invest in eClinical solutions for managing clinical data. This is due to the many benefits it offers, including ease-of-use, integration of multiple functions and remote access to information. These factors will likely increase the adoption of EDC over the next few years.

Component Insights

The largest market share for EDC systems was held by services for it in 2016, due to the large number of Contract Research Organizations ("CROs") offering the clinical solutions. This is due to increasing regulatory scrutiny to comply with the complex requirements of clinical tests. It is expected to contribute to the rising demand in the future.

Due to increasing adoption by manufacturers to reduce data management costs, the software market is expected to see a lot of growth. EDC systems offer many benefits, including time savings and simplified regulatory processes. This will likely increase their adoption over the next few years.

Delivery Mode Insights

Cloud-based delivery systems for EDC services will be in high demand, depending on their current implementation status and future growth prospects. This is due to the fact that cloud-based delivery systems for EDC services are increasingly recognized as being more efficient in many applications such as the trial design phase, data collection processes and monitoring & reporting generation.

The web-based portal has the largest market share due to the high maintenance costs associated with clinical trials. This high cost is believed to be a reason for pharmaceutical companies' high reluctance to invest in costly studies. Instead, they focus on more affordable options for information management such as web-based portals.

Insights on the Development Phase

Phase III dominated the development phase segment in 2016, owing to its high demand for EDC software that can reduce costs and increase efficiency. Phase I, on the other hand is expected to grow at a high rate due to the importance of these systems in predicting future outcomes as well as eliminating drug candidates with low chances of success in clinical trials.

The demand for computer-assisted solutions has increased due to the large number of phase I trials, complex management and analysis of data acquired from various studies. Today's tools allow for the minimization of human errors, increased efficiency, and reduced costs by avoiding double data entry, manual transcribing, and manual sourcing. These components are expected to grow in popularity during the forecast period due to their direct data and remote information capture. Integration of EDC systems will result in lower prices for data management. This is expected to increase the market in developing countries.

End-use Insights

CROs hold the largest market share. They are expected to show the fastest growth due to the increasing inclination of pharmaceutical firms toward reducing overall spending and involved benefits. This is anticipated to be the reason for the increased growth.

These benefits include increased cost-effectiveness, efficiency of services, improved compatibility, and a greater focus on core areas of development that are crucial to company growth. The use of a variety of software applications and support services to process clinical information is what it means.

Market share of global EDC systems by end-use in 2016, (%)

Regional Insights

North America held the largest share of the market in 2016, due to its higher awareness and strict regulatory norms regarding the handling of clinical data. The presence of large pharmaceutical companies in the region will also increase the adoption of EDC systems during the forecast period.

The presence of many CROs that offer eClinical solutions for large pharmaceutical companies in Asia Pacific is expected to lead to a lucrative growth of the EDC system market.

Market Share Insights & Key Companies

Medidata Solutions, Inc., Oracle Corporation, BioClinica, Parexel International Corporation, Datatrak International, Inc., Medidata Solutions, Inc., eClinical Solutions, Merge Healthcare, Inc., OmniComm Systems, Inc., Acceliant, Clinipace, Inc., and Openclinica, LLC are some of the major players in this industry.

The market's most prominent players are Oracle Corporation and Medidata Solutions. Their product offerings account for a significant share of the market. Market leaders invest in extensive research to develop cost-effective, highly-technologically advanced products. This industry will benefit from the potential growth opportunities provided by efficient products.

Market Report on Electronic Data Capture Systems Scope

The Report Covers Certain Segments

This report provides industry trends analysis and forecasts for revenue growth from 2014-2025. Grand View Research segmented this market by component, delivery mode and development phase.

• Component Outlook (Revenue USD Million, 2014-2025)

  • Software

  • Services

• Delivery Mode Outlook (Revenue USD Million, 2014-2025)

  • Web-hosted

  • Licensee enterprise

  • Cloud-based

• Development Phase Outlook (Revenue USD Million, 2014-2025)

  • Phase I

  • Phase II

  • Phase III

  • Phase IV

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals

  • CROs

  • Academic institutions

  • Pharma & Biotech Organizations

  • Manufacturers of Medical Devices

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global market for electronic data capture systems was valued at USD 514.2 Million in 2019, and is forecast to grow to USD 586.6 Million in 2020.

b. Global electronic data capture system market is expected grow at a compound annual rate of 14.4% between 2019 and 2025, reaching USD 1,163.5 millions by 2025.

b. With a 52.31% share in 2019, North America was the dominant market for electronic data capture systems. This is due to the high awareness and strict regulatory norms regarding the handling of clinical data, as well as the presence of large pharmaceutical companies.

b. b.

b. The market for electronic data capture systems is growing because of increasing complexity in managing clinical information before, during and after trials, increased cost-effectiveness, improved compatibility, and greater efficiency of services.

Up Market Research published a new report titled “Electronic Data Capture Systems Market research report which is segmented by Development Phase (III, II, IV, Phase I), by Delivery Mode (Licensed Enterprise, Web Based, Cloud Based), By Players/Companies Inc; OmniComm Systems, Inc; Oracle Corporation; BioClinica; Parexel International Corporation; Datatrak International, Inc; Medidata Solutions, LLC, Inc; eClinicalSolutions; Merge Healthcare, Inc; Acceliant; Clinipace, Medidata Solutions, Inc; and Openclinica”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Electronic Data Capture Systems Market Report Segments:

The market is segmented by Development Phase (III, II, IV, Phase I), by Delivery Mode (Licensed Enterprise, Web Based, Cloud Based).

Electronic Data Capture Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Electronic Data Capture Systems Market

Overview of the regional outlook of the Electronic Data Capture Systems Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Electronic Data Capture Systems Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Electronic Data Capture Systems Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. III

                2. II

                3. IV

                4. Phase I

                1. Licensed Enterprise

                2. Web Based

                3. Cloud Based

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electronic Data Capture Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Electronic Data Capture Systems Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.