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(IT-NEWSWIRE.COM, May 05, 2017 ) Factors such as improvements in the information management and analysis, increasing product pipeline, improved compilation of technical & scientific data, increasing outsourcing by pharmaceutical and biotechnological companies and demand from EDC services are contributing towards market growth. Growing adoption of cloud-based services by manufacturers and installation of fully integrated services will provide lucrative opportunity for the market growth. However, lack of skilled research professionals is restraining the market growth.
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Services segment is leading the market because of large number of Contract Research Organizations (CROs) presence. The web-based delivery mode is anticipated to be the largest market share owing to acceptance of inexpensive information management in clinical trials. In the development phase segment, Phase I is estimated to grow at a significant rate because of direct data and remote information capturing as well as rising R&D expenditure on the development of novel drugs . CROs is projected to be the largest market as the majority of them use commercially developed enterprise applications to support clinical development in phase II and phase III trials. North America is the leading market due to presence of major pharmaceutical companies. Asia Pacific is anticipated to be the fastest growing market because many pharmaceutical companies are using eClinical solutions.
Some of the key players in global Electronic Data Capture (EDC) market are BioClinica,Clinical CLINIPACE, INC.,DATATRAK International, Inc., Medidata Solution, Inc, Merge Healthcare Incorporated, Omni Comm Systems, Inc., Openclinica, LLC, Oracle Corporation and PAREXEL International Corporation.
Delivery Modes Covered:
Development Phases Covered:
-Pharma & Biotech Organizations
-Medical Device Manufacturers
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-Rest of Europe
-Rest of Asia Pacific
-Rest of the World
11.2 Clinical CLINIPACE, INC.
11.3 DATATRAK International, Inc.
11.4 Medidata Solution, Inc
11.5 Merge Healthcare Incorporated
11.6 Omni Comm Systems, Inc.
11.7 Openclinica, LLC
11.8 Oracle Corporation
11.9 PAREXEL International Corporation
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