ReportsWeb.com has announced the addition of the “Global Electronic Data Capture (EDC) Market Size Status and Forecast 2025”, The report classifies the global Electronic Data Capture (EDC) Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The Electronic data capture (EDC) market is estimated to represent a global market of USD 348.5 million by 2016 with growth rate of 12.8%. Electronic data capture (EDC) system is web-based software that stores participant data collected in clinical studies. Traditionally, before being transcribed into the system, clinical data was recorded on paper documents and then saved in an electronic case report form (eCRF) . EDC systems have been used to carry out both simple and complex trials in different phases of clinical research. Clinical studies has become more complex. Companies involved in clinical research require to do more in less stipulated time period. Further, budget, compliance and accuracy also affect to the quality and speed of the clinical process. Considering all these factors, many clinical research organizations have realized the advantage of electronic data capture technique. Research organizations are increasingly adopting new techniques of data capture to support complex clinical studies. Electronic data capture (EDC) has become one of the preferred technique of managing clinical trial data which is expected to provide healthy platform for the market growth over the forecast period.
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Advancement in technologies is considered to be the most important driving factor for the growth of EDC market. Large number of vendors are constantly engaged in developing new EDC techniques to keep up with the changes in industry. For instance, in March 2017, PAREXEL International Corporation launched Patient Sensor Solution, which helps in capturing, transmitting, storing and visualizing clinical trial information. This technique enables an end to end technology and service solution which facilitate remote collection of subject data through medical devices. Such introduction would in turn help the market to grow at rapid pace, hence drives the market growth. However, lack of skilled professional is expected to hamper the market growth to some extent. Also, lack of awareness levels in developing countries coupled with lack of cyber security laws which may lead to information leak, hampering the market growth.
Regionally, the market is categorized as North America, Europe, Asia Pacific and Rest of the World. Developed regions such as North America and Europe captured largest share of the global revenue. Advancement in technologies coupled with favourable government initiatives to new drug development supported the growth. . For instance, European government has conducted European Childhood Obesity Project using Electronic Data Capture (EDC) for clinical trials in order to minimize the need for after-trial data checks.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY COMPONENT
MARKET, BY DELIVERY MODE
MARKET, BY CLINICAL TRIALS
MARKET, BY END USE
Pharma & Biotech Organizations
MARKET, BY REGION
Rest of the World
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Medidata Solutions Inc.
Parexel International Corporation
Complete report is available@ http://www.reportsweb.com/electronic-data-capture-edc-market-analysis-and-forecast-report-2018-2025
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