Electronic Data Capture Systems Market Key Findings by 2031
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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electronic Data Capture Systems Market - By Component
1.3.2 Electronic Data Capture Systems Market - By Delivery Mode
1.3.3 Electronic Data Capture Systems Market - By Development Phase
1.3.4 Electronic Data Capture Systems Market - By End-user
1.3.5 Electronic Data Capture Systems Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC DATA CAPTURE SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC DATA CAPTURE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC DATA CAPTURE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - DELIVERY MODE
8.1. OVERVIEW
8.2. DELIVERY MODE MARKET FORECASTS AND ANALYSIS
8.3. WEB-BASED
8.3.1. Overview
8.3.2. Web-based Market Forecast and Analysis
8.4. CLOUD-BASED
8.4.1. Overview
8.4.2. Cloud-based Market Forecast and Analysis
9. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - DEVELOPMENT PHASE
9.1. OVERVIEW
9.2. DEVELOPMENT PHASE MARKET FORECASTS AND ANALYSIS
9.3. PHASE I
9.3.1. Overview
9.3.2. Phase I Market Forecast and Analysis
9.4. PHASE II
9.4.1. Overview
9.4.2. Phase II Market Forecast and Analysis
9.5. PHASE III
9.5.1. Overview
9.5.2. Phase III Market Forecast and Analysis
9.6. PHASE IV
9.6.1. Overview
9.6.2. Phase IV Market Forecast and Analysis
10. ELECTRONIC DATA CAPTURE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. CROS
10.4.1. Overview
10.4.2. CROs Market Forecast and Analysis
10.5. PHARMA AND BIOTECH ORGANIZATIONS
10.5.1. Overview
10.5.2. Pharma and Biotech Organizations Market Forecast and Analysis
10.6. MEDICAL DEVICE MANUFACTURERS
10.6.1. Overview
10.6.2. Medical Device Manufacturers Market Forecast and Analysis
11. ELECTRONIC DATA CAPTURE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Electronic Data Capture Systems Market Overview
11.1.2 North America Electronic Data Capture Systems Market Forecasts and Analysis
11.1.3 North America Electronic Data Capture Systems Market Forecasts and Analysis - By Component
11.1.4 North America Electronic Data Capture Systems Market Forecasts and Analysis - By Delivery Mode
11.1.5 North America Electronic Data Capture Systems Market Forecasts and Analysis - By Development Phase
11.1.6 North America Electronic Data Capture Systems Market Forecasts and Analysis - By End-user
11.1.7 North America Electronic Data Capture Systems Market Forecasts and Analysis - By Countries
11.1.7.1 United States Electronic Data Capture Systems Market
11.1.7.1.1 United States Electronic Data Capture Systems Market by Component
11.1.7.1.2 United States Electronic Data Capture Systems Market by Delivery Mode
11.1.7.1.3 United States Electronic Data Capture Systems Market by Development Phase
11.1.7.1.4 United States Electronic Data Capture Systems Market by End-user
11.1.7.2 Canada Electronic Data Capture Systems Market
11.1.7.2.1 Canada Electronic Data Capture Systems Market by Component
11.1.7.2.2 Canada Electronic Data Capture Systems Market by Delivery Mode
11.1.7.2.3 Canada Electronic Data Capture Systems Market by Development Phase
11.1.7.2.4 Canada Electronic Data Capture Systems Market by End-user
11.1.7.3 Mexico Electronic Data Capture Systems Market
11.1.7.3.1 Mexico Electronic Data Capture Systems Market by Component
11.1.7.3.2 Mexico Electronic Data Capture Systems Market by Delivery Mode
11.1.7.3.3 Mexico Electronic Data Capture Systems Market by Development Phase
11.1.7.3.4 Mexico Electronic Data Capture Systems Market by End-user
11.2. EUROPE
11.2.1 Europe Electronic Data Capture Systems Market Overview
11.2.2 Europe Electronic Data Capture Systems Market Forecasts and Analysis
11.2.3 Europe Electronic Data Capture Systems Market Forecasts and Analysis - By Component
11.2.4 Europe Electronic Data Capture Systems Market Forecasts and Analysis - By Delivery Mode
11.2.5 Europe Electronic Data Capture Systems Market Forecasts and Analysis - By Development Phase
11.2.6 Europe Electronic Data Capture Systems Market Forecasts and Analysis - By End-user
11.2.7 Europe Electronic Data Capture Systems Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Electronic Data Capture Systems Market
11.2.7.1.1 Germany Electronic Data Capture Systems Market by Component
11.2.7.1.2 Germany Electronic Data Capture Systems Market by Delivery Mode
11.2.7.1.3 Germany Electronic Data Capture Systems Market by Development Phase
11.2.7.1.4 Germany Electronic Data Capture Systems Market by End-user
11.2.7.2 France Electronic Data Capture Systems Market
11.2.7.2.1 France Electronic Data Capture Systems Market by Component
11.2.7.2.2 France Electronic Data Capture Systems Market by Delivery Mode
11.2.7.2.3 France Electronic Data Capture Systems Market by Development Phase
11.2.7.2.4 France Electronic Data Capture Systems Market by End-user
11.2.7.3 Italy Electronic Data Capture Systems Market
11.2.7.3.1 Italy Electronic Data Capture Systems Market by Component
11.2.7.3.2 Italy Electronic Data Capture Systems Market by Delivery Mode
11.2.7.3.3 Italy Electronic Data Capture Systems Market by Development Phase
11.2.7.3.4 Italy Electronic Data Capture Systems Market by End-user
11.2.7.4 Spain Electronic Data Capture Systems Market
11.2.7.4.1 Spain Electronic Data Capture Systems Market by Component
11.2.7.4.2 Spain Electronic Data Capture Systems Market by Delivery Mode
11.2.7.4.3 Spain Electronic Data Capture Systems Market by Development Phase
11.2.7.4.4 Spain Electronic Data Capture Systems Market by End-user
11.2.7.5 United Kingdom Electronic Data Capture Systems Market
11.2.7.5.1 United Kingdom Electronic Data Capture Systems Market by Component
11.2.7.5.2 United Kingdom Electronic Data Capture Systems Market by Delivery Mode
11.2.7.5.3 United Kingdom Electronic Data Capture Systems Market by Development Phase
11.2.7.5.4 United Kingdom Electronic Data Capture Systems Market by End-user
11.2.7.6 Rest of Europe Electronic Data Capture Systems Market
11.2.7.6.1 Rest of Europe Electronic Data Capture Systems Market by Component
11.2.7.6.2 Rest of Europe Electronic Data Capture Systems Market by Delivery Mode
11.2.7.6.3 Rest of Europe Electronic Data Capture Systems Market by Development Phase
11.2.7.6.4 Rest of Europe Electronic Data Capture Systems Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Electronic Data Capture Systems Market Overview
11.3.2 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis
11.3.3 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis - By Delivery Mode
11.3.5 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis - By Development Phase
11.3.6 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Electronic Data Capture Systems Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Electronic Data Capture Systems Market
11.3.7.1.1 Australia Electronic Data Capture Systems Market by Component
11.3.7.1.2 Australia Electronic Data Capture Systems Market by Delivery Mode
11.3.7.1.3 Australia Electronic Data Capture Systems Market by Development Phase
11.3.7.1.4 Australia Electronic Data Capture Systems Market by End-user
11.3.7.2 China Electronic Data Capture Systems Market
11.3.7.2.1 China Electronic Data Capture Systems Market by Component
11.3.7.2.2 China Electronic Data Capture Systems Market by Delivery Mode
11.3.7.2.3 China Electronic Data Capture Systems Market by Development Phase
11.3.7.2.4 China Electronic Data Capture Systems Market by End-user
11.3.7.3 India Electronic Data Capture Systems Market
11.3.7.3.1 India Electronic Data Capture Systems Market by Component
11.3.7.3.2 India Electronic Data Capture Systems Market by Delivery Mode
11.3.7.3.3 India Electronic Data Capture Systems Market by Development Phase
11.3.7.3.4 India Electronic Data Capture Systems Market by End-user
11.3.7.4 Japan Electronic Data Capture Systems Market
11.3.7.4.1 Japan Electronic Data Capture Systems Market by Component
11.3.7.4.2 Japan Electronic Data Capture Systems Market by Delivery Mode
11.3.7.4.3 Japan Electronic Data Capture Systems Market by Development Phase
11.3.7.4.4 Japan Electronic Data Capture Systems Market by End-user
11.3.7.5 South Korea Electronic Data Capture Systems Market
11.3.7.5.1 South Korea Electronic Data Capture Systems Market by Component
11.3.7.5.2 South Korea Electronic Data Capture Systems Market by Delivery Mode
11.3.7.5.3 South Korea Electronic Data Capture Systems Market by Development Phase
11.3.7.5.4 South Korea Electronic Data Capture Systems Market by End-user
11.3.7.6 Rest of Asia-Pacific Electronic Data Capture Systems Market
11.3.7.6.1 Rest of Asia-Pacific Electronic Data Capture Systems Market by Component
11.3.7.6.2 Rest of Asia-Pacific Electronic Data Capture Systems Market by Delivery Mode
11.3.7.6.3 Rest of Asia-Pacific Electronic Data Capture Systems Market by Development Phase
11.3.7.6.4 Rest of Asia-Pacific Electronic Data Capture Systems Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Electronic Data Capture Systems Market Overview
11.4.2 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis
11.4.3 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis - By Delivery Mode
11.4.5 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis - By Development Phase
11.4.6 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Electronic Data Capture Systems Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Electronic Data Capture Systems Market
11.4.7.1.1 South Africa Electronic Data Capture Systems Market by Component
11.4.7.1.2 South Africa Electronic Data Capture Systems Market by Delivery Mode
11.4.7.1.3 South Africa Electronic Data Capture Systems Market by Development Phase
11.4.7.1.4 South Africa Electronic Data Capture Systems Market by End-user
11.4.7.2 Saudi Arabia Electronic Data Capture Systems Market
11.4.7.2.1 Saudi Arabia Electronic Data Capture Systems Market by Component
11.4.7.2.2 Saudi Arabia Electronic Data Capture Systems Market by Delivery Mode
11.4.7.2.3 Saudi Arabia Electronic Data Capture Systems Market by Development Phase
11.4.7.2.4 Saudi Arabia Electronic Data Capture Systems Market by End-user
11.4.7.3 U.A.E Electronic Data Capture Systems Market
11.4.7.3.1 U.A.E Electronic Data Capture Systems Market by Component
11.4.7.3.2 U.A.E Electronic Data Capture Systems Market by Delivery Mode
11.4.7.3.3 U.A.E Electronic Data Capture Systems Market by Development Phase
11.4.7.3.4 U.A.E Electronic Data Capture Systems Market by End-user
11.4.7.4 Rest of Middle East and Africa Electronic Data Capture Systems Market
11.4.7.4.1 Rest of Middle East and Africa Electronic Data Capture Systems Market by Component
11.4.7.4.2 Rest of Middle East and Africa Electronic Data Capture Systems Market by Delivery Mode
11.4.7.4.3 Rest of Middle East and Africa Electronic Data Capture Systems Market by Development Phase
11.4.7.4.4 Rest of Middle East and Africa Electronic Data Capture Systems Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Electronic Data Capture Systems Market Overview
11.5.2 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis
11.5.3 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis - By Component
11.5.4 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis - By Delivery Mode
11.5.5 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis - By Development Phase
11.5.6 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Electronic Data Capture Systems Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Electronic Data Capture Systems Market
11.5.7.1.1 Brazil Electronic Data Capture Systems Market by Component
11.5.7.1.2 Brazil Electronic Data Capture Systems Market by Delivery Mode
11.5.7.1.3 Brazil Electronic Data Capture Systems Market by Development Phase
11.5.7.1.4 Brazil Electronic Data Capture Systems Market by End-user
11.5.7.2 Argentina Electronic Data Capture Systems Market
11.5.7.2.1 Argentina Electronic Data Capture Systems Market by Component
11.5.7.2.2 Argentina Electronic Data Capture Systems Market by Delivery Mode
11.5.7.2.3 Argentina Electronic Data Capture Systems Market by Development Phase
11.5.7.2.4 Argentina Electronic Data Capture Systems Market by End-user
11.5.7.3 Rest of South and Central America Electronic Data Capture Systems Market
11.5.7.3.1 Rest of South and Central America Electronic Data Capture Systems Market by Component
11.5.7.3.2 Rest of South and Central America Electronic Data Capture Systems Market by Delivery Mode
11.5.7.3.3 Rest of South and Central America Electronic Data Capture Systems Market by Development Phase
11.5.7.3.4 Rest of South and Central America Electronic Data Capture Systems Market by End-user
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ELECTRONIC DATA CAPTURE SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. OPENCLINICA, LLC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ORACLE CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BIOCLINICA
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. DATATRAK
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. PAREXEL INTERNATIONAL CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. DACIMA SOFTWARE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MEDIDATA SOLUTIONS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. OMNICOMM SYSTEMS, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ACCELIANT
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. CLINIPACE, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Openclinica, LLC.
2. Oracle Corporation
3. BioClinica
4. Datatrak
5. Parexel International Corporation
6. Dacima Software
7. Medidata Solutions, Inc.
8. OmniComm Systems, Inc.
9. Acceliant
10. Clinipace, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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