Electronic Data Capture (EDC) Systems Market by Delivery Mode (Cloud based ,Licensed enterprise and Web hosted),by Development Phase (Phase I ,Phase II ,Phase III and Phase IV ) ,by Component (Services and Software) , by End Use (Hospitals ,CROs ,Academic institutes , Pharma & Biotech Organizations ,Medical Device Manufacturers and Others ) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The worldwide Electronic Data Capture (EDC) systems market estimate was esteemed as one of the quickly developing business sector in the ongoing years. The expanding intricacy in the executives of clinical data created previously, amid, and after the preliminary is required to push interest for EDC system over the forecast period. The measurements distributed by the Center for Study of Drug Development expresses that over 80% of clinical preliminaries bombed as they can't meet administrative necessities, which brought about deferred sedate commercialization. This brought about loss of income for makers. EDC system helps control this issue by catching and dealing with the clinical data just.
Drivers and Restraints
The market is becoming quickly inferable from the innovative headways in eClinical arrangements and this is foreseen to serve this industry with future development openings. Besides, expanding mindfulness relating to EDC arrangements is anticipated to fuel the interest in not so distant future. Additionally, government associations, for example, Agency for Healthcare Research and Quality and The Office of National Coordinator for Health Information Technology are advancing the selection of electronic frameworks for information the executives. The previously mentioned components have brought about the rising reception of electronic information gathering by pharmaceutical organizations.
North America held the biggest piece of the market share in the recent years attributable to the nearness of higher mindfulness levels and stringent administrative standards relating to the treatment of clinical data.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Medidata Solution Inc.
Clinical CLINIPACE Inc.
Merge Healthcare Incorporated
Omni Comm Systems Inc.
DATATRAK International Inc.
PAREXEL International Corporation
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?