Electronic Data Capture Industry Statistics

In this post, we explore a comprehensive overview of the electronic data capture (EDC) industry, backed by the latest statistics and market insights. From the projected market value and regional market shares to key trends and growth forecasts, this analysis sheds light on the evolving landscape of EDC solutions worldwide.

Statistic 1

"The EDC market is projected to reach $1.16 billion by 2026, exhibiting a CAGR of 10.7%."

Statistic 2

"North America held the highest market share in the global EDC market in 2018, due to progression in clinical research and regulatory framework."

Statistic 3

"The adoption rate of cloud-based EDC solutions is around 75% globally."

Statistic 4

"Asia Pacific is projected to register a CAGR of 11.0% in the EDC industry during the period between 2018-2026."

Statistic 5

"The professional services segment in the EDC market accounted for more than 55% of the revenue share in 2018."

Statistic 6

"The pharmaceutical and biopharmaceutical companies segment is anticipated to hold a significant part of the EDC market during the projected period."

Statistic 7

"The Software as a Service (SaaS) segment is forecasted to grow at the fastest CAGR during 2019-2026."

Statistic 8

"The application of EDC in Phase III trials is estimated to grow over 10.3% from 2019 to 2026."

Statistic 9

"Contract Research Organizations (CROs) accounted for over 40% of EDC market revenue share in 2018."

Statistic 10

"On-premises EDC solutions accounted for more than USD 200 million revenue in 2018."

Statistic 11

"The fastest-growing end-use sector in the EDC market is academic institutes, growing at a CAGR of more than 14% during 2019-2025."

Statistic 12

"As of 2018, the largest segment of the EDC market by component was product solutions, making up 57% of the industry."

Statistic 13

"As of 2019, Medidata Solutions Inc. was the leading player in the EDC market."

Statistic 14

"The cloud-based EDC solutions segment is projected to register a CAGR of over 12% during 2019-2025."

Statistic 15

"Phase II clinical trials command the largest share of the EDC market in terms of application as of 2018."

Statistic 16

"The use of EDC systems in diagnostics and treatment monitoring trials held a market share of over 32% in 2018."

Statistic 17

"The mobile health segment of the EDC market is expected to show a growth rate of 8.5% from 2020 to 2026."

Statistic 18

"The EDC services market is forecasted to grow at a CAGR of about 12.7% in the next 5 years."

The electronic data capture (EDC) industry is experiencing significant growth and evolution, as indicated by various key statistics. The market is projected to reach $1.16 billion by 2026 with a compound annual growth rate (CAGR) of 10.7%, driven by factors such as the increasing adoption of cloud-based solutions and advancements in clinical research. North America currently dominates the global EDC market, while Asia Pacific is expected to register a CAGR of 11.0% in the coming years. Professional services and pharmaceutical companies play a major role in the industry, with the Software as a Service (SaaS) segment forecasted to grow rapidly. The sector is diverse, catering to a range of end-users including contract research organizations, academic institutes, and healthcare providers. Overall, the EDC industry is poised for continued expansion and innovation in the foreseeable future.