Electronic Data Capture (EDC) market anticipated to experience next wave of growth over the forecast period 2017 – 2025

Press Release

Global “Electronic Data Capture (EDC) ” Market Research Study

Tailor Made Reports recently published a well-researched market study which provides a comprehensive analysis of the global “keyword” market. According to the report, the growth of the “keyword” market is primarily driven by an array of factors including, Factor 1, Factor 2, Factor 3, and Factor 4. The well-curated market research offers a detailed analysis of the leading companies operating in the global “keyword” market wherein the production techniques, market share, revenue analysis, product pricing analysis, and revenue generation of each company is included.

The report evaluates the current state of the global “keyword” market in terms of volume (X units), consumption, value (Mn/Bn), production and more. In addition, the study tracks the latest proceedings within the various market segments, end use industries, geographies, and regulatory landscape.

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Key Trends

An electronic data capture (EDC) brings about quicker access to data, accuracy, and ensures data security with appropriate technical controls. Besides, it also brings about compliance with regulatory requirements – a factor that has majorly underpinned its demand as most clinical trials fall flat on their face because of being unable to satisfy regulatory needs that delay drugs in becoming commercially available.

Moreover, an electronic data capture (EDC) aids in upping efficiency of clinical trials because of its user-friendly navigation. It easy to locate and filter what is needed. To top it all off, an electronic data capture (EDC) comes in different price ranges to suit every budget. Plus, in the long run, it helps to save money notwithstanding the upfront investment. On account of the aforementioned unique perceived benefits, EDC systems are seeing significant uptake.

Other factors lending support to the market are the growing complications in managing clinical information generated before, during, and after the trial and continued technological improvements in the systems.

Global Electronic Data Capture (EDC) Market: Market Potential

The global market for electronic data capture (EDC) is highly dynamic with new developments constantly reshaping the competitive contours. Some such recent developments to have rocked the market are the raising of $30 million by clinical trial software company Medrio from Questa Capital Management for building of new software programs and the extending of partnership between CROS NT and Medidata that would enable the former’s customers’ access to Medidata’s electronic data capture (EDC) solution.

The cloud-based delivery systems for electronic data capture (EDC) services are primed for healthy growth in the near future on account of soaring demand, which in turn would be stoked by the greater efficiency in different applications, namely the trial design, data collection, and monitoring and report generation such modes of delivery bring about.

Global Electronic Data Capture (EDC) Market: Regional Outlook

Geographically, the main segments of the market electronic data capture (EDC) are Europe, Asia Pacific, North America, and the Rest of the World. Of them, North America is a key region due to the high degree of awareness about the benefits of such systems and strict regulations relating to handling with clinical information. Presence of prominent pharmaceutical companies in the region is also said to be catalyzing market growth in the region.

Global Electronic Data Capture (EDC) Market: Competitive Analysis

In order to gauge the competition prevailing in the global market for electronic data capture (EDC), the report profiles companies such as Oracle Corporation; Medidata Solutions, Inc.; BioClinica; Parexel International Corporation; eClinicalSolutions; Merge Healthcare, Inc.; Openclinica, LLC., OmniComm Systems, Inc.; and Acceliant.

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What valuable insights does the report provide?

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Important doubts addressed in the report:

  • What are the factors that are expected to define the roadmap of the global “keyword” market over the forecast period?
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