Electronic Data Capture (EDC) Systems Market

Market Overview:

The global electronic data capture (EDC) systems market size reached USD 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.21% during 2024-2032. The rapid digitalization of clinical trials, the rising adoption of the cloud-based system, and the introduction of mobile-EDC represent some of the key factors driving the market.

Electronic data capture (EDC) systems refer to software tools designed to collect and manage clinical trial data in electronic format. They capture a wide variety of data, including patient demographics, medical history, adverse events, laboratory results, clinical outcome assessments, electronic informed consent (eConsent), and study site information. EDC systems are widely used by regulatory agencies, clinical trial sponsors, contract research organizations (CROs), trial participants, and data managers. They help streamline data collection, improve data quality, minimize human errors, protect sensitive information, and reduce the risk of data loss and duplications. EDC systems also enhance the efficiency of the clinical trial, provide real-time monitoring capabilities, assist in decision-making, and ensure data accuracy, reliability, and consistency.

Electronic Data Capture (EDC) Systems Market Trends:

The rapid digitalization of clinical trials across the globe is one of the primary factors propelling the market growth. EDC systems are widely used to automate various clinical trial operations, such as data collection, storage, monitoring, and analysis, which, in turn, accelerate the process, provide transparency, prevent errors, and improve overall efficiency. In addition to this, the growing demand for new treatments and therapeutics due to the increasing prevalence of chronic diseases, such as diabetes, hypertension, Alzheimer’s disease, multiple sclerosis, and cardiovascular diseases (CVDs), are acting as another growth-inducing factor. Furthermore, the rising adoption of the cloud-based system, which is cost-effective, user-friendly, scalable, highly secure, and offers real-time access to data, is providing an impetus to the market growth. Additionally, the introduction of mobile-EDC, which utilize smartphones or tablets as a convenient and cost-effective way to collect patients’ data, thus improving engagement, increasing compliance, and reducing the risk of errors, is favoring the market growth. Apart from this, the integration of machine learning (ML) and artificial intelligence (AI) to improve data analysis, enable faster decision-making, and identify patterns, trends, and anomalies is positively influencing the market growth. Moreover, the implementation of stringent government regulations regarding the safety and integrity of clinical trial data is facilitating the demand for advanced data management and reporting systems, such as EDC, which aids in ensuring greater compliance with the authorities. Other factors, including increasing demand for personalized medicines, extensive research and development (R&D) activities, and the growing focus on patient-centric clinical trials, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global electronic data capture (EDC) systems market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on delivery mode, component, development phase, and end user.

Delivery Mode Insights:

• On-premise
• Web & Cloud-based
   

The report has provided a detailed breakup and analysis of the electronic data capture (EDC) systems market based on the delivery mode. This includes on-premise and web & cloud-based. According to the report, web & cloud-based represented the largest segment.

Component Insights:

• Software
• Services
   

A detailed breakup and analysis of the electronic data capture (EDC) systems market based on the component has also been provided in the report. This includes software and services. According to the report, services accounted for the largest market share.

Development Phase Insights:

• Phase I
• Phase II
• Phase III
• Phase IV
   

A detailed breakup and analysis of the electronic data capture (EDC) systems market based on the development phase has also been provided in the report. This includes phase I, phase II, phase III, and phase IV. According to the report, phase III accounted for the largest market share.

End User Insights:

• Hospitals/Healthcare Providers
• CROs
• Pharmaceutical and Biotechnology Firms
• Medical Device Firms
• Others
   

A detailed breakup and analysis of the electronic data capture (EDC) systems market based on the end user has also been provided in the report. This includes hospitals/healthcare providers, CROs, pharmaceutical and biotechnology firms, medical device firms, and others. According to the report, CROs accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for electronic data capture (EDC) systems. Some of the factors driving the North America electronic data capture (EDC) systems market included the rising prevalence of chronic diseases, increasing government initiatives, and rapid technological advancements.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global electronic data capture (EDC) systems market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• Anju Software Inc.
• Calyx
• Clario
• Datatrak Int
• Medidata Solutions Inc.
• OpenClinica, LLC
• Oracle Corporation
• Veeva Systems
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global electronic data capture (EDC) systems market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global electronic data capture (EDC) systems market?
• What is the impact of each driver, restraint, and opportunity on the global electronic data capture (EDC) systems market?
• What are the key regional markets?
• Which countries represent the most attractive electronic data capture (EDC) systems market?
• What is the breakup of the market based on the delivery mode?
• Which is the most attractive delivery mode in the electronic data capture (EDC) systems market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the electronic data capture (EDC) systems market?
• What is the breakup of the market based on development phase?
• Which is the most attractive development phase in the electronic data capture (EDC) systems market?
• What is the breakup of the market based on end user?
• Which is the most attractive end user in the electronic data capture (EDC) systems market?
• What is the competitive structure of the global electronic data capture (EDC) systems market?
• Who are the key players/companies in the global electronic data capture (EDC) systems market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the electronic data capture (EDC) systems market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global electronic data capture (EDC) systems market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the electronic data capture (EDC) systems industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.