Data Capture System Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Data Capture System Market Growth and Trends
The global data capture system market or the DCS market is currently holding a market value of US$ 586.6 million in 2020 and is projected to grow at a CAGR of 14.4% to an expected market value of US$ 1.16 billion by 2025. The increasing need for digitalized management is the major growth factor behind the DCS market.
The increasing demand to efficiently manage complex information of clinical importance is a driving factor for the DCS market. The emerging eClinical technology being vastly implemented is expected to boost the DCS market further. The need for efficient information and data access is propelling the demand and sales of the DCS.
The increasing number of the contract research organizations (CROs) has directly influenced the demand for the DCS. The services for the DCS have held the most market share in 2016 owing to the CROs. The increasing scrutinizing protocols from the regulatory bodies have fueled the demand for the DCS services. The booming software technology is anticipated to increase the adoption of DCS by manufacturing industries.
The rising cloud-based delivery systems for the DCS are forecasted to induce the highest demand shortly. The technological advancements provided by the DCS such as monitoring, collecting, and reporting data are the main growth factors of the DCS market. The need for low cost and economical information and data management services is bolstering the growth of the DCS market.
The phase III segment of the clinical trials holds a major market share due to the high requirement of the DCS services. Phase I segment of the clinical trials is forecasted to grow lucratively by 2023 using DCS services. The technological advantage provided by the DCS in predicting future outcomes and choosing and eliminating drug candidates with a high and low success probability respectively is increasing the demand for the DCS market. The increasing shift towards opting for services that bypass manual effort and digital information extraction is boosting the growth of the DCS market.
The hospitals sector holds the next major market share after the CROs of the DCS market. The academic institutes closely follow the hospital sector in sharing the DCS market. Pharma and Biotechnological organizations share a significant part of the DCS market. The manufacturers of the medical devices hold a relatively smaller share of the DCS market.
Data Capture System Industry Regional Analysis
Data Capture System Market Research Report Scope/Definition
Data Capture System Market Share and Competition Key companies operating in this industry are: Medidata Solutions, Inc.; Oracle Corporation; BioClinica; Parexel International Corporation; Datatrak International, Inc.; Medidata Solutions, Inc.; eClinical Solutions; Merge Healthcare, Inc.; OmniComm Systems, Inc.; Acceliant; Clinipace, Inc.; Openclinica, LLC
Data Capture System Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Analysis (Revenue, USD Million, 2021 - 2028)
Delivery Mode Analysis (Revenue, USD Million, 2021 - 2028)
• Licensed enterprise
Development Analysis (Revenue, USD Million, 2021 - 2028)
• Phase I
• Phase II
• Phase III
• Phase IV
End-use Analysis(Revenue, USD Million, 2021 - 2028)
• Academic institutes
• Pharma & Biotech Organizations
• Medical Device Manufacturers
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Data Capture System Industry Companies
• Medidata Solutions, Inc.;
• Oracle Corporation;
• Parexel International Corporation;
• Datatrak International, Inc.;
• Medidata Solutions, Inc.;
• eClinical Solutions;
• Merge Healthcare, Inc.;
• OmniComm Systems, Inc.;
• Clinipace, Inc.; Openclinica, LLC
Available Versions of Data Capture System Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report