Market Snapshot:
- 2025 Revenue: USD 2.55 Billion
- 2035 Forecast: USD 10.14 Billion
- CAGR (2026–2035): 14.8%
Key Trends
- AI Integration: Automates data capture, improves accuracy, and optimizes workflows.
- Collaborations & Launches: EDC companies partner with healthcare providers and introduce innovative solutions.
- Remote Monitoring: Rising adoption of digital patient monitoring is opening growth opportunities.
Segment Insights
- Delivery Mode: Web & cloud-based systems dominate; on-premises solutions are growing.
- Components: Services lead, software adoption is rising.
- Development Phases: Phase III trials dominate; Phase I is growing rapidly.
- End Users: CROs hold the largest share; hospitals show highest CAGR.
Regional Highlights
- North America: Leads the market with strong demand and presence of key players like Oracle, Medidata, Veeva.
- Asia Pacific: Fastest growth due to expanding healthcare infrastructure and tech adoption.
Leading Companies
Calyx, Castor, OpenClinica, IBM, IQVIA, Medidata Solutions, Oracle, DATATRAK are driving innovation with AI-enabled and cloud-based EDC solutions.
