Asia Pacific Electronic Data Capture Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Electronic data capture is a design used to gather data in electronic format for use in clinical trials to replace the old paper-based system, and pharmaceutical and CROs mostly assume these EDC solutions.
Asia Pacific Electronic Data Capture Market Segments Size & Growth:
Asia Pacific Electronic Data Capture Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in adoption of EDC in pharmaceutical, technical developments in eClinical solutions, and growing manufactures in cloud-based services. However, lack of skilled labour and lack of awareness on EDC hamper the growth of the Asia Pacific electronic data capture market.
Asia Pacific Electronic Data Capture Market Segments Share:
Asia Pacific Electronic Data Capture market is categorised into by component which consists of software and services. Services have the largest market because of a large number of eClinical solutions provided by Contract Research Organizations for the requirement of clinical trials. On the basics of delivery model, it is classified by the licensed enterprise, web hosted, and cloud-based. Cloud-based portals hold the largest share due
Asia Pacific Electronic Data Capture Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
to the high data maintenance cost in clinical trials restricting the pharmaceutical companies to demand on the inexpensive cloud- portals. Phase III has a substantial growth due to high adoption of EDC software and increases the productivity of processes. By end-user, EDC market is segmented as healthcare, CROs, academics institutions, pharma & biotech organisations, and medical device manufacturers. Contract Research Organizations (CRO) is projected to have a significant growth owing to the demand for EDC in the healthcare sector by decreasing the overall expenditure as well as benefits.
By Geography, China is dictating the growth of the Asia Pacific electronic data capture market and the growth in the Asia Pacific is mainly attributed by the stringent regulatory norms in handling clinical data, an increase in pharmaceutical industries is boosting the demand for EDC devices. Furthermore, India is witnessing the beneficial growth during the forecast period, due to a large number of contract research organisations which offer eClinical solutions.
Asia Pacific Electronic Data Capture Market Segments Trends:
- In January 2018, Openclinica, LLC has launched next generation cloud-software for clinical research to have high-quality data.
- In November 2017, BioClinica has introduced BioClinica Clinical Adjudication to
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Asia Pacific Electronic Data Capture Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
alter the files with advanced technology.
Asia Pacific Electronic Data Capture Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- DATATRAK International, Inc.
- Medidata Solution, Inc.
- BioClinica, Inc.
- IBM Corporation
- Openclinica, LLC
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Electronic Data Capture market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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