Press release
Electronic Data Capture Systems Market Poised for 15.7 % Growth, Set to Hit 81.8 Billion by 2029
Electronic Data Capture Systems Market
The electronic data capture systems market will grow from $2.02 billion in 2024 to $2.34 billion in 2025, at a CAGR of 16.1%. The growth is attributed to regulatory compliance, cost reduction initiatives, increasing clinical trial complexity, and the globalization of clinical trials.
The electronic data capture systems market will grow to $4.21 billion by 2029 at a CAGR of 15.7%, due to aging populations, chronic diseases, and personalized medicine. Trends include AI/ML integration, wearable tech, and decentralized clinical trials.
What Are the Key Drivers Behind the Growth of the Electronic Data Capture Systems Market?
The growing demand for outsourcing clinical trials to contract research organizations is expected to drive the expansion of the electronic data capture systems market in the future. Clinical trial outsourcing involves hiring external organizations to handle various parts of clinical trials for pharmaceutical, biotechnology, or medical device companies. The outsourcing demand is fueled by the cost savings, access to specialized knowledge, global presence, flexibility, scalability, and focus on core competencies that CROs provide. Electronic data capture systems are used in clinical trials to digitally collect, manage, and analyze patient data, enhancing data collection efficiency, improving precision, and enabling real-time monitoring and reporting. For example, in October 2023, Applied Clinical Trials Online, a platform owned by MJH Life Sciences, reported that large biopharma companies are experiencing over 13% annual growth in utilizing functional service provider (FSP) outsourcing. Therefore, the growing trend of outsourcing clinical trials is propelling the growth of the electronic data capture systems market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15170&type=smp
Who Are the Major Industry Players Fueling Electronic Data Capture Systems Market Expansion?
Major companies operating in the electronic data capture systems market report are International Business Machines Corporation (IBM); Oracle Corporation; IQVIA Inc.; Parexel International Corporation; Veeva Systems Inc.; Clario Medical Imaging; Medidata Solutions Inc.; Signant Health; Calyx International; ArisGlobal LLC; Kinapse Ltd.; Merge Healthcare Inc.; OmniComm Systems Inc.; MedNet Solutions; eClinical Solutions; BioForum Group; Acceliant Corporation; DATATRAK International Inc.; OpenClinica LLC; Castor EDC; DatStat Inc.; eResearchTechnology Inc.; Cmed Technology Ltd.; Clinerion Ltd.; Arithmos Srl.
How Is the Segmentation of the Electronic Data Capture Systems Market Defined?
The electronic data capture systems market covered in this report is segmented -
1) By Component: Software, Services
2) By Clinical Trial Phase: Phase I, Phase II, Phase III, Phase IV
3) By Delivery Mode: Cloud-Based (SAAS) Solutions, Web-Hosted (On-Demand) Solutions, Licensed Enterprise (On-Premise) Solutions
4) By End-User: Hospitals Or Healthcare providers, Contract Research Organizations, Pharmaceutical And Biotechnology Firms, Medical Device Firms, Other End-Users
Subsegments:
1) By Software: EDC Software Platforms, Cloud-Based EDC Software, Mobile EDC Software
2) By Services: Implementation Services, Consulting Services, Support And Maintenance Services, Training Services
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electronic-data-capture-systems-global-market-report
What Is the Leading Region in the Electronic Data Capture Systems Market?
North America was the largest region in the electronic data capture systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic data capture systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Electronic Data Capture Systems Global Market Report?
- Market Size Analysis: Analyze the Electronic Data Capture Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Data Capture Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Data Capture Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Data Capture Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15170
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electronic Data Capture Systems Market Poised for 15.7 % Growth, Set to Hit 81.8 Billion by 2029 here
News-ID: 3850793 • Views: …
More Releases from The Business Research Company
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Electronic
Revolutionizing Electronic Warfare: The Power of Cognitive Electronic Warfare Sy …
According to the report published by Allied Market Research, " Cognitive Electronic Warfare System Market by Capability (Electronic Attack, Electronic Protection, Electronic Support, Electronic Intelligence) and by Platform (Naval, Airborne, Land, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032 "Cognitive electronic warfare systems are based on learning action frameworks that use machine learning algorithms and artificial intelligence (AI) to mimic human perception of learning, memory, and judgement. Machine learning, being…
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
