[FURL=https://www.industryarc.com/Research/Electronic-Data-Capture-Market-Research-508558?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Electronic Data Capture (EDC) Market[/FURL] size in 2020 is estimated to be $361 million, growing at a CAGR of 11.9% during the forecast period 2021-2026. The Electronic Data Capture Market system (EDC) is a computerized system designed to collect clinical data in electronic format and is primarily used in human clinical trials. EDC replaces the traditional paper-based data collection methodology to streamline data collection and speed up the time to market for drugs and medical devices. However, EDC software stores patient data collected in clinical trials. Moreover, Data is usually first recorded on paper and then transcribed to the system and stored in an electronic case report form (eCRF). Increasing outsourcing by pharmaceutical and biotechnological companies and demand from EDC services are contributing to enhancing the overall market demand for Electronic Data Capture Market during the aforesaid period.Key Takeaways
In 2020, North America dominated the Electronic Data Capture Market owing to the presence of higher awareness levels and stringent regulatory norms about the handling of clinical trials information.
Increasing scrutiny from regulatory bodies to meet the complex regulatory requirements of clinical trials across the world is driving the market growth of EDC Market.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Electronic Data Capture Market report.
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Electronic Data Capture Market Drivers
Increasing Demand for Cost-Effective eClinical Solutions
The eClinical solutions offer a wide range of options for the workflow which presents the market with lucrative growth opportunities for clinical trials, medical devices, electronic medical record.
Rising Advancement in Electronic Data Capture technologies
The rising advancement in technologies is considered to be the most important driver for the growth of the Electronic Data Capture market. A large number of suppliers are constantly engaged in the development of new EDC techniques to keep up with changes in the industry.
Electronic Data Capture Market top 10 companies are Oracle Corporation, Acceliant, Parexel International Corporation, Bioclinica, Clinical Clinipace, Inc, Datatrak International, Inc, Medidata Solution, Inc, Merge Healthcare Incorporated, Eclinicalsolutions, Omni Comm Systems, Inc
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