Electronic Data Capture Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

An electronic data capture system is a computerized software developed for patients' electronic data collection, especially for use in human clinical trials. It acts as a substitute for the conventional paper-based data collection method. These EDC solutions have been widely implemented by pharmaceutical firms and contract research agencies. These systems generally provide a data entry graphical user interface, a user data search validation part, and a platform for data collection analysis.

MARKET SCOPE

The "Global Electronic Data Capture Systems Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electronic data capture systems market with detailed market segmentation by component, delivery mode, development phase, end user, and geography. The report provides key statistics on the market status of the leading electronic data capture systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on component, the global electronic data capture systems market is segmented into software and services.
  
•  Based on delivery mode, the market is segmented into web-based and cloud-based.
  
•  On the basis of development phase, the market is bifurcated into phase I, phase II, phase III and phase IV.
  
•  On the basis of end-users, the market is bifurcated into hospitals, CROs, pharma & biotech organizations and medical device manufacturers.
  

MARKET DYNAMICS

Drivers:

•  Growing clinical trial studies externalization via biopharmaceutical and pharmaceutical companies.
  
•  Rising digital transformation among industries.
  
•  Presence of a strong range of components in the pipeline.
  
•  Increasing awareness regarding the advantages of EDC services over the paper-based ones.
  

Restraints:

•  Scarcity of skilled research professionals.
  
•  Data security concerns.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electronic data capture systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electronic data capture systems market in these regions.

IMPACT OF COVID-19 ON ELECTRONIC DATA CAPTURE SYSTEMS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID 19 has initially disrupted the market flow due to the worldwide lockdown; the supply chain has been disrupted, business and operations were shut down. Although, with the rising number of cases, the demand for market products increased as COVID-19 has given the clinical trials industry the push to go paperless. The need for new and improved technologies increased to work efficiently, accurately, and save time. The system helped the Covid-19 research community streamline its data collection, management processes and speed up the research process. This, in turn, surged the demand in the market. The system spreads data at a faster rate giving clinicians access to data in a timely way. Hence, the market witnessed growth in the forecast period.

MARKET PLAYERS

The report covers key developments in the electronic data capture systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from electronic data capture systems market are anticipated to have lucrative growth opportunities in the future with the rising demand for electronic data capture systems in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electronic data capture systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Openclinica, LLC.
  
•  Oracle Corporation
  
•  BioClinica
  
•  Datatrak
  
•  Parexel International Corporation
  
•  Dacima Software
  
•  Medidata Solutions, Inc.
  
•  OmniComm Systems, Inc.
  
•  Acceliant
  
•  Clinipace, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electronic Data Capture Systems Report Scope