An electronic data capture (EDC) system is a computerized system used to gather clinical data to reduce human clinical trials. Use of this system helps reduce the failure follow to regulatory requirements. This can result in delayed drug commercialization, eventually leading to loss of revenue for the manufacturers. The system is used to substitute paper data collection and update the collected data. This system is extensively used by hospitals, medical device manufacturers, academic institutes, pharmaceutical & biotech organizations, and clinical research organizations (CROs).
The New EDC on the Block
US-based OmiComm System, has brought forth “TrialMaster” an off-the-shelf integration, intuitive, end-user experience, flexible reporting, and convenient mechanism. The TrialMaster is suitable for phase I to IV of clinical trials.
Trial Master Suite can perform numerous tasks that used in clinical applications outside of the EDC system. This EDC has unique modules that add depth functionalities and providing innovative business benefits by improving efficiency and communication across the units. It helps in faster study completion and costly integration.
TrialMaster is easy to use and does not require much training and the role based access to relevant information. It has a highly task driven workflow and with a simplified navigation. It does not require plug-ins and comes with a simple drag & drop trial, edit check design, a library of re-usable forms, and an interface with eProtocol system. This EDC is user-friendly, can manage multiple object types and patients, custom specific modules, and have customization style sheets.
Market Overview
The electronic data capture (EDC) systems market is anticipated to reach USD 1.16 billion by 2025; according to a new study by Grand View Research, Inc. Companies are increasing adopting eClinical solution to administer clinical database with numerous benefits, such as integration of multiple functions, ease of use, cost efficiency, and remote access to information. These factors are expected to impel the demand for EDC over the next few years.
Market Competitors
Medidata Solutions, Inc.; Merge Healthcare, Inc.; OmniComm Systems, Inc.; and Openclinica, LLC., are some of the key players of the EDC market. Players adopt strategies such as mergers & acquisitions, new product development, and improve distribution channel to gain an edge over the market.
In-Depth research report on electronic data capture systems market:
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