Market Size of Electronic Data Capture Systems Industry
![Electronic Data Capture Systems Market Summary](https://s3.mordorintelligence.com/electronic-data-capture-systems-market/1715766772476-electronic-data-capture-systems-market-Market-Summary.png)
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.66 Billion |
Market Size (2029) | USD 2.93 Billion |
CAGR (2024 - 2029) | 12.02 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Electronic Data Capture Systems Market Analysis
The Electronic Data Capture Systems Market size is estimated at USD 1.66 billion in 2024, and is expected to reach USD 2.93 billion by 2029, growing at a CAGR of 12.02% during the forecast period (2024-2029).
An increase in decentralized clinical trials will likely assist EDC systems in gaining momentum in medical research. According to an article published in April 2023, the disruption of around 68% of clinical trials during the pandemic caused the surge in the adoption of virtual and hybrid trial models. Good data management is crucial in decentralized trials; therefore, the EDC system plays a vital role. Companies in clinical trial services are expanding their offerings through collaboration and acquisitions. For instance, in July 2023, Signant Health announced the acquisition of DSG, a direct data capture and electronic data capture technology provider in the eClinical suite for decentralized and site-based clinical trials. This acquisition enabled the company to offer comprehensive digital solutions to any size and type of clinical trial. Thus, new entrants in the market are likely to accelerate the existing competitiveness and efficiency.
Regulatory bodies, such as the US FDA, offer recommendations to end users who employ the EDC system to record data in clinical investigations. As per the clinical investigation protocol, the sponsor must provide an in-detailed description of the system and information on system management, staff training on the use of the system, and access control. The regulatory intervention minimizes the risk of product failure as companies ensure thorough quality checks and offer security safeguards in order to protect the data. Hence, regulatory compliance and recommendations encourage the use of EDC systems among end users, boosting overall market growth.
However, the high cost of licensing and hosting the system is anticipated to hamper market growth. Additionally, under-developed cyberinfrastructure in emerging economies restrains end users from utilizing the system.
Electronic Data Capture Systems Industry Segmentation
As per the scope of the report, electronic data capture systems assist in data collection, storage, and security in clinical studies.
The electronic data capture systems market is segmented by delivery mode, development stage, end-user, and geography. By delivery mode, the market is segmented into web and cloud-based and on-premises. By development stage, the market is segmented into phase l, phase ll, phase ll, and phase lV. By end user, the market is segmented into pharmaceutical and biotechnology firms, hospital providers, contract research organizations, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the values (USD) for all the above segments.
By Delivery Mode | |
Web and Cloud-based | |
On-Premise |
By Development Stage | |
Phase l | |
Phase ll | |
Phase lll | |
Phase lV |
By End User | |
Pharmaceutical and Biotechnology Firms | |
Hospitals Providers | |
Contract Research Organisations | |
Other End Users |
Geography | ||||||||
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Electronic Data Capture Systems Market Size Summary
The electronic data capture systems market is poised for significant growth, driven by the increasing adoption of decentralized clinical trials and the need for robust data management solutions. The shift towards virtual and hybrid trial models, accelerated by the pandemic, has underscored the importance of EDC systems in medical research. Companies in the clinical trial services sector are expanding their offerings through strategic collaborations and acquisitions, enhancing their ability to provide comprehensive digital solutions. Regulatory bodies, such as the US FDA, play a crucial role in promoting the use of EDC systems by providing guidelines that ensure data integrity and security, thereby fostering market expansion. However, challenges such as high licensing costs and underdeveloped cyberinfrastructure in emerging economies may impede growth.
The market is characterized by a substantial share of web and cloud-based solutions, which offer centralized databases that comply with local data sharing regulations. This preference is further bolstered by collaborations with cloud providers like Amazon Web Services and Oracle, enabling regional players to expand without incurring significant development costs. North America is expected to maintain a dominant market position due to its high adoption rate of digitalization and the availability of funding for emerging players. The region's active participation in clinical trials and strategic initiatives further supports market growth. The market is semi-consolidated, with major players engaging in strategic acquisitions and collaborations to enhance their global presence. Emerging markets are becoming increasingly competitive, driven by the expansion of decentralized clinical trial programs.
Electronic Data Capture Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Decentralized Clinical Trials
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1.2.2 Increasing Complexity of Data during the Clinical Study
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1.3 Market Restraints
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1.3.1 High Implementation Cost
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Delivery Mode
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2.1.1 Web and Cloud-based
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2.1.2 On-Premise
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2.2 By Development Stage
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2.2.1 Phase l
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2.2.2 Phase ll
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2.2.3 Phase lll
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2.2.4 Phase lV
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2.3 By End User
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2.3.1 Pharmaceutical and Biotechnology Firms
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2.3.2 Hospitals Providers
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2.3.3 Contract Research Organisations
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2.3.4 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Electronic Data Capture Systems Market Size FAQs
How big is the Electronic Data Capture Systems Market?
The Electronic Data Capture Systems Market size is expected to reach USD 1.66 billion in 2024 and grow at a CAGR of 12.02% to reach USD 2.93 billion by 2029.
What is the current Electronic Data Capture Systems Market size?
In 2024, the Electronic Data Capture Systems Market size is expected to reach USD 1.66 billion.