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).
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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.
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