PUBLISHER: The Business Research Company | PRODUCT CODE: 1686152
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686152
Electronic data capture systems (EDC) are computerized platforms crafted to electronically gather, authenticate, and oversee clinical trial data. These systems streamline the data collection process, diminish errors, and enhance data precision, consequently expediting the generation of dependable clinical trial outcomes. By enabling researchers to conduct studies more effectively, electronic data capture systems (EDC) play a pivotal role in advancing the development of novel treatments and therapies.
The primary components of electronic data capture systems encompass software and services. Electronic data capture (EDC) system software denotes a digital solution employed in clinical research to electronically gather, manage, and archive data from clinical trials. It facilitates the capture of data across phases I through IV of clinical trials and offers delivery options including cloud-based (SaaS) solutions, web-hosted (on-demand) solutions, and licensed enterprise (on-premise) solutions tailored for utilization by hospitals or healthcare providers, contract research organizations, pharmaceutical and biotechnology firms, medical device firms, and other end-users.
The electronic data capture systems market research report is one of a series of new reports from The Business Research Company that provides electronic data capture systems market statistics, including electronic data capture systems industry global market size, regional shares, competitors with an electronic data capture systems market share, detailed electronic data capture systems market segments, market trends and opportunities, and any further data you may need to thrive in the electronic data capture systems industry. This electronic data capture systems market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electronic data capture systems market size has grown rapidly in recent years. It will grow from $2.02 billion in 2024 to $2.34 billion in 2025 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to regulatory compliance, cost reduction initiatives, increasing clinical trial complexity, demand for real-time data access, globalization of clinical trials.
The electronic data capture systems market size is expected to see rapid growth in the next few years. It will grow to $4.21 billion in 2029 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to aging population and chronic diseases, personalized medicine and precision healthcare, adoption of risk-based monitoring, expansion of real-world evidence (RWE) studies, emerging markets growth. Major trends in the forecast period include increased emphasis on patient-centricity, integration of artificial intelligence and machine learning, expansion of decentralized clinical trials, growth of wearable technology integration, enhanced focus on data security and privacy.
The increasing trend towards outsourcing clinical trials to contract research organizations (CROs) is poised to drive the growth of the electronic data capture systems market in the foreseeable future. Clinical trial outsourcing involves the delegation of various trial aspects to external service providers by pharmaceutical, biotechnology, or medical device firms. This preference for outsourcing is driven by the cost-effectiveness, access to specialized expertise, global reach, flexibility, scalability, and the ability to focus on core competencies offered by CROs. Electronic data capture systems play a crucial role in clinical trials by digitally collecting, managing, and analyzing patient data, thus streamlining the data collection process, enhancing accuracy, and enabling real-time monitoring and reporting of trial outcomes. For instance, in October 2023, according to Applied Clinical Trials Online, large biopharmaceutical companies are witnessing annual growth of over 13% in the utilization of functional service provider (FSP) outsourcing. Hence, the increasing demand for outsourcing clinical trials to CROs is a driving force behind the growth of the electronic data capture systems market.
Leading companies in the electronic data capture systems market are concentrating on developing innovative software solutions, such as electronic data capture (EDC) platforms for clinical trials. An EDC platform is a digital system designed to collect and manage trial data effectively, ensuring accuracy, real-time access, and adherence to regulatory standards. For example, in March 2023, Cloudbyz, a cloud technology company based in the US, launched Cloudbyz EDC 2.0, an advanced Electronic Data Capture platform aimed at optimizing clinical research operations. This platform improves operational efficiency, ensures data integrity, facilitates regulatory compliance, and speeds up the delivery of new treatments to patients. Cloudbyz EDC 2.0 streamlines data collection and management, minimizes manual errors, and complies with global regulatory requirements, including FDA 21 CFR Part 11 and GDPR.
In June 2022, Greenlight Guru, a US-based software company, completed the acquisition of SMART-TRIAL for an undisclosed sum. This acquisition significantly bolstered Greenlight Guru's platform capabilities, offering a comprehensive solution for MedTech companies to streamline clinical data management and solidify its leadership in MedTech Lifecycle Excellence. SMART-TRIAL, based in Denmark, specializes in electronic data capture platform solutions.
Major companies operating in the electronic data capture systems market report are International Business Machines Corporation (IBM); Oracle Corporation; IQVIA Inc.; Parexel International Corporation; Veeva Systems Inc.; Clario Medical Imaging; Medidata Solutions Inc.; Signant Health; Calyx International; ArisGlobal LLC; Kinapse Ltd.; Merge Healthcare Inc.; OmniComm Systems Inc.; MedNet Solutions; eClinical Solutions; BioForum Group; Acceliant Corporation; DATATRAK International Inc.; OpenClinica LLC; Castor EDC; DatStat Inc.; eResearchTechnology Inc.; Cmed Technology Ltd.; Clinerion Ltd.; Arithmos Srl.
North America was the largest region in the electronic data capture systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic data capture systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electronic data capture systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electronic data capture systems market consists of revenues earned by entities by providing services such as cloud services, data management services, data hosting and security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The electronic data capture systems market also includes sales of tablets and mobiles devices, barcode scanners, biometric devices and wearable devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electronic Data Capture Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electronic data capture systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electronic data capture systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electronic data capture systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.