Increasing externalization of clinical trial studies by large Pharma & Biopharma Companies pushing EDC Systems Market toward rapid growth Till 2025
“The rising demand for software solutions in clinical trials, increasing R&D expenditure by companies in healthcare, supportive government initiatives to boost trials, and increasing number of potential customers�
The global electronic data capture (EDC) systems market is expected to reach USD 1.16 billion by 2025, according to a new study by Grand View Research, Inc. The rising demand for software solutions in clinical trials, increasing R&D expenditure by companies in healthcare, supportive government initiatives to boost trials, and increasing number of potential customers implementing Electronic Data Capture (EDC) systems are some of the key factors contributing to the market growth. Access Full Research Report on Global Pen Needles Market: http://www.grandviewresearch.com/industry-analysis/electronic-data-captureedc-systems-market The market is growing rapidly owing to the technological advancements in eClinical solutions and this is anticipated to serve this industry with future growth opportunities. Furthermore, increasing awareness pertaining to EDC solutions is predicted to fuel the
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demand in near future. Moreover, government organizations such as Agency for Healthcare Research and Quality and The Office of National Coordinator for Health Information Technology are promoting the adoption of electronic systems for data management. The aforementioned factors have resulted in the rising adoption of electronic data collection by pharmaceutical companies. Moreover, increasing adoption of EDC systems by major pharmaceuticals to propagate clinical trials is predicted to provide this market with lucrative growth. For instance, in May 2016, Simbec-Orion Group selected Oracle's product, the Siebel Clinical Trial Management System, to strengthen its development processes and to expand its international operations & business. The system will provide efficient data capture and speed up the trial timelines. The strategies like this are anticipated to boost demand in coming years. Further key findings from the study suggest:
The software segment is predicted to witness lucrative growth owing to growing adoption by large pharmaceutical companies
The cloud-based segment is anticipated to experience the fastest growth as it allows easy data access over remote locations and provides larger storage space
Phase I clinical trials segment is expected to exhibit fastest CAGR over the forecast period as consequence of the rising R&D expenditure on the development of novel drugs by pharmaceutical companies
CROs held the largest revenue share of EDC systems owing to rising demand from major players in the medical device sector
Asia Pacific market for EDC systems is anticipated to witness highest growth rate owing to the presence of large number of outsourcing firms in this region offering cost-efficient eClinical solutions
The market is facing intense competition as there are many organizations that offer technologically efficient solutions for clinical data management
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Companies are adopting strategies such as merger & acquisition, new product development, and distribution channel enhancement to gain competitive advantage
Grand View Research has segmented the EDC Systems Market on the basis of the component, delivery mode, development phase, end use, and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/healthcare
Table of Content of Global EDC Systems Market Research Report: Chapter 1 Research Methodology & Scope 1.1 Region-Wise Market Calculation 1.1.1 Region-wise market: Base estimates 1.1.2 Global market: CAGR calculation 1.2 Region-based Segment Share Calculation 1.3 Primary Sources 1.4 List of Secondary Sources Chapter 2 Executive Summary 2.1 Market Snapshot Chapter 3 EDC Systems Market Variables, Trends & Scope 3.1 Market Segmentation &Scope 3.2 Market driver analysis 3.2.1 Increasing externalization of clinical trial studies by large pharmaceutical and biopharmaceutical companies 3.2.2 Presence of strong range of components in pipeline 3.3 Market restraint analysis 3.3.1 Scarcity of skilled research professionals 3.3.2 Lack of recognition
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3.4 Penetration & Growth Prospect Mapping 3.5 EDC Systems - PESTLE Analysis 3.6 Industry Analysis - Porter’s 3.7 EDC Systems Market - Market Position Analysis, 2016 Chapter 4 EDC Systems Market: Component Estimates & Trend Analysis 4.1 EDC Systems Market: Component Movement Analysis 4.2 Software 4.2.1 Software market estimates and forecasts, 2014 - 2025 (USD Million) 4.3 Services 4.3.1 Services market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 5 EDC Systems Market: Delivery Mode Estimates & Trend Analysis 5.1 EDC Systems Market: Delivery Mode Movement Analysis 5.2 Web-hosted 5.2.1 Web-hosted market estimates and forecasts, 2014 - 2025 (USD Million) 5.3 Licensed Enterprise 5.3.1 Licensed enterprise market estimates and forecasts, 2014 - 2025 (USD Million) 5.4 Cloud-based 5.4.1 Cloud-based market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 6 EDC Systems Market: Development Phases Estimates & Trend Analysis 6.1 EDC Systems Market: Development Phases Movement Analysis 6.2 Phase I 6.2.1 Phase I market estimates and forecasts, 2014 - 2025 (USD Million) 6.3 Phase II
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6.3.1 Phase II market estimates and forecasts, 2014 - 2025 (USD Million) 6.4 Phase III 6.4.1 Phase III market estimates and forecasts, 2014 - 2025 (USD Million) 6.5 Phase IV 6.5.1 Phase IV market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 7 EDC Systems Market: End-use Estimates & Trend Analysis 7.1 EDC Systems Market: End-use Movement Analysis 7.2 Hospitals 7.2.1 Hospitals market estimates and forecasts, 2014 - 2025 (USD Million) 7.3 CROs 7.3.1 CROs market estimates and forecasts, 2014 - 2025 (USD Million) 7.4 Academic Institutes 7.4.1 Academic institutes market estimates and forecasts, 2014 - 2025 (USD Million) 7.5 Pharma & Biotech Organizations 7.5.1 Pharma & biotech organizations market estimates and forecasts, 2014 - 2025 (USD Million) 7.6 Medical Device Manufacturers 7.6.1 Medical device manufacturers market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 8 EDC Systems Market: Regional Estimates & Trend Analysis, by Component, Delivery Mode, Development Phases, End-use 8.1 EDC Systems market shares by region, 2016 & 2025 8.2 North America 8.2.1 North America EDC systems market,by country, 2014 - 2025 (USD Million) 8.2.2 U.S.
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8.2.2.1 U.S. EDC systems market, by component, 2014 - 2025 (USD Million) 8.2.2.2 U.S. EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.2.2.3 U.S. EDC systems market, by development phase, 2014 - 2025 (USD Million) 8.2.2.4 U.S. EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.2.3 Canada 8.2.3.1 Canada EDC systems market, by component, 2014 - 2025 (USD Million) 8.2.3.2 Canada EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.2.3.3 Canada EDC systems market, by development phase, 2014 2025 (USD Million) 8.2.3.4 Canada EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.3 Europe 8.3.1 Europe EDC systems market,by country, 2014 - 2025 (USD Million) 8.3.2 Germany 8.3.2.1 Germany EDC systems market, by component, 2014 - 2025 (USD Million) 8.3.2.2 Germany EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.3.2.3 Germany EDC systems market, by development phase, 2014 2025 (USD Million) 8.3.2.4 Germany EDC systems market, by end-use, 2014 - 2025 (USD
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Million) 8.3.3 UK 8.3.3.1 UK EDC systems market, by component, 2014 - 2025 (USD Million) 8.3.3.2 UK EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.3.3.3 UK EDC systems market, by development phase, 2014 - 2025 (USD Million) 8.3.3.4 UK EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.4 Asia Pacific 8.4.1 Asia Pacific EDC systems market,by country, 2014 - 2025 (USD Million) 8.4.2 Japan 8.4.2.1 Japan EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.2.2 Japan EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.4.2.3 Japan EDC systems market, by development phase, 2014 2025 (USD Million) 8.4.2.4 Germany EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.4.3 China 8.4.3.1 China EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.2.2 China EDC systems market, by delivery mode, 2014 - 2025 (USD Million)
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8.4.2.3 China EDC systems market, by development phase, 2014 2025 (USD Million) 8.4.2.4 China EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.4.4 India 8.4.4.1 India EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.4.2 India EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.4.4.3 India EDC systems market, by development phase, 2014 - 2025 (USD Million) 8.4.4.4 India EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.5 Latin America 8.5.1 Latin America systems market,by country, 2014 - 2025 (USD Million) 8.5.2 Brazil 8.5.2.1 Brazil EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.2.2 Brazil EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.4.2.3 Brazil EDC systems market, by development phase, 2014 2025 (USD Million) 8.4.2.4 Brazil EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.5.3 Mexico 8.5.3.1 Mexico EDC systems market, by component, 2014 - 2025 (USD Million)
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8.4.2.2 Mexico EDC systems market, by delivery mode, 2014 - 2025 (USD Million) 8.4.2.3 Mexico EDC systems market, by development phase, 2014 2025 (USD Million) 8.4.2.4 Mexico EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.6 MEA 8.6.1 MEA EDC systems market,by country, 2014 - 2025 (USD Million) 8.6.2 South Africa 8.6.2.1 South Africa EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.2.2 South Africa EDC systems market, by delivery mode, 2014 2025 (USD Million) 8.4.2.3 South Africa EDC systems market, by development phase, 2014 - 2025 (USD Million) 8.4.2.4 South Africa EDC systems market, by end-use, 2014 - 2025 (USD Million) 8.6.3 Saudi Arabia 8.6.3.1 Saudi Arabia EDC systems market, by component, 2014 - 2025 (USD Million) 8.4.2.2 Saudi Arabia EDC systems market, by delivery mode, 2014 2025 (USD Million) 8.4.2.3 Saudi Arabia EDC systems market, by development phase, 2014 - 2025 (USD Million) 8.4.2.4 Saudi Arabia EDC systems market, by end-use, 2014 - 2025 (USD Million)
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Chapter 9 Competitive Landscape 9.1 Strategy framework 9.2 Market participation categorization 9.3 Company Profiles 9.3.1 Oracle Corporation 9.3.1.1 Company overview 9.3.1.2 Financial performance 9.3.1.3 Component benchmarking 9.3.1.4 Strategic initiatives 9.3.2 PAREXEL International Corporation 9.3.2.1 Company overview 9.3.2.2 Financial performance 9.3.2.3 Component benchmarking 9.3.2.4 Strategic initiatives 9.3.3 Medidata Solution, Inc. 9.3.3.1 Company overview 9.3.3.2 Financial performance 9.3.3.3 Component benchmarking 9.3.3.4 Strategic initiatives 9.3.4 BioClinica 9.3.4.1 Company overview 9.3.4.2 Component benchmarking 9.3.4.3 Strategic initiatives 9.3.5 DATATRAK International, Inc. 9.3.5.1 Company overview 9.3.5.2 Financial performance 9.3.5.3 Component benchmarking
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9.3.5.4 Strategic initiatives 9.3.6 Openclinica, LLC 9.3.6.1 Company overview 9.3.6.2 Component benchmarking 9.3.6.3 Strategic initiatives 9.3.7 Clinical C About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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