Global Electronic Data Capture Systems (EDC) Market worth USD 1,020.65 Million by 2024

The report "Global Electronic Data Capture Systems Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q2 2018 Update)", published by 360iResearch, states that the global market was valued at USD 402.15 million in 2017 and is projected to reach USD 1,020.65 million by 2024, growing at a CAGR of 14.23% from 2017 to 2024.

The major forces driving the growth of the electronic data capture systems market include the growing adoption as a tool for healthcare digital transformation and supportive government initiatives to boost clinical trials. Moreover, increasing number of end users implementing electronic data capture (edc) systems and increasing r&d expenditure by companies in healthcare are also some of the factors that are driving the market growth. However certain factors such as the lesser funding and risky investment prospects may hinder the market growth. In the middle of difficulty lies opportunity such as the technological developments and innovations in edc system, and saas or cloud based delivery for edc system. The possible challenges for the market growth is lack of skilled clinical research professionals. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global electronic data capture systems market is studied across Services, and Software. Based on deployment, the global electronic data capture systems market is studied across On-Cloud, and On-Premises. Based on end user, the global electronic data capture systems market is studied across Academic & Research Institutes, Contract Research Organizations, Infectious Diseases, and Pharmaceutical & Biotechnology Companies. Based on geography, the global electronic data capture systems market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the electronic data capture systems market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are BioClinica, Inc., Castor EDC, Clinipace Worldwide, Inc., DATATRAK International, Inc., Medidata Solutions, Inc., Merge Healthcare Inc., OmniComm Systems, Inc., OpenClinica, LLC., Oracle Corporation, and PAREXEL International Corporation.

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