North America Electronic Data Capture Systems Market Size, Share & Industry Trends Analysis Report By Component (Services and Software), By End User, By Development Phase (Phase III, Phase II, Phase I and Phase IV), By Delivery Mode, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Electronic Data Capture Systems Market would witness market growth of 12.7% CAGR during the forecast period (2022-2028).
An EDC program is often delivered in the form of a web application, and the user is not required to install anything else on their computer in order to use it. This indicates that the sole need for users to access the EDC system is the use of a web browser, along with their respective usernames and passwords.
When users have successfully entered the program, the next step is to enter clinical data into the appropriate areas of the different data forms. Therefore, local site users enter data into an EDC tool from a distant location. These users retrieve patient information from the source documents stored on the local site (medical records).
It is anticipated that factors such as an increasing preference for decentralized clinical trials, the requirement to effectively capture and manage large amounts of clinical data, initiatives by market players, and an increase in drug development and discovery activities will drive the growth of the market.
In addition to contributing to the improvement of people's health in low- and middle-income countries, the healthcare efforts of the United States government seek to contribute to wider U.S. development goals, foreign policy agendas, and national security issues. The United States has been actively engaged in worldwide health programs for more than a century, and as a result, it is currently the leading country in the world in terms of both financing and implementing these projects. These endeavors include a diverse collection of departments and agencies of the United States federal government, as well as legislative committees and other sources of funding. The regional market would expand as a result of this factor.
The US market dominated the North America Electronic Data Capture Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $851.9 million by 2028.The Canada market is poised to grow at a CAGR of 15.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 14.3% during (2022 - 2028).
Based on Component, the market is segmented into Services and Software. Based on End User, the market is segmented into CROs, Pharmaceutical & Biotechnology Firms, Hospitals/Healthcare providers, Medical Device Firms and Others. Based on Development Phase, the market is segmented into Phase III, Phase II, Phase I and Phase IV. Based on Delivery Mode, the market is segmented into Web & Cloud-based and On-premise. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electronic Data Capture Systems Market is Predict to reach $2.7 Billion by 2028, at a CAGR of 13.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Veeva Systems, Inc., IQVIA Holdings, Inc., Medidata Solutions, Inc. (Dassault Systems SE), OpenClinica, LLC, DATATRAK International, Inc., Clario, Castor EDC, and Calyx.
Scope of the Study
Market Segments Covered in the Report:
- Pharmaceutical & Biotechnology Firms
- Hospitals/Healthcare providers
- Medical Device Firms
By Development Phase
- Phase III
- Phase II
- Phase I
- Phase IV
By Delivery Mode
- Web & Cloud-based
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- IBM Corporation
- Veeva Systems, Inc.
- IQVIA Holdings, Inc.
- Medidata Solutions, Inc. (Dassault Systems SE)
- OpenClinica, LLC
- DATATRAK International, Inc.
- Castor EDC
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