Article | July 18, 2022

eCRF In Clinical Trials: Shifting To A Modern Research Paradigm

Source: Castor
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The healthcare technology market is growing, and fast. Experts calculate a compounded yearly growth of almost 20% and predict the value of the connected medical devices industry may increase from $30 billion (in 2021) to $100 billion by 2030 (1).

Let that last figure sink in. In less than ten years, the industry for devices that collect, track, manage and analyze data may more than triple in value. 

Unfortunately, the technology researchers use to manage data collection for clinical trials has not kept pace with the industry’s rapid growth. Innovative software solutions and interoperability breakthroughs are out there, but the clinical research world has been slow to adapt (2).    

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