Industry Overview:
The global CTMS Market Size is projected to grow at a CAGR of 12% and reach a significant valuation by the end of the forecast period of 2013-2022, as per a research report published by Market Research Future (MRFR). Clinical trial management system improves interoperability, tracks the progress of clinical trials and addresses evolving regulatory standards of companies and it is on account of these benefits and growing need for management of clinical data that the market is proliferating. The rise in a number of clinical trials has been the primary driver of the market.
Clinical Trial Management System Market is expected to grow significantly over the forecast period. The market held a valuation of USD 732.5 Million in 2018 and is projected to account for USD 1,631.3 Million by 2025, registering a CAGR of 12.0% over the forecast period.
As the number and complexity of clinical trial procedures continue to grow, the volume of clinical data generated seems to proliferate which calls for data management. The market has been observing continued growth on account of rising prevalence of chronic diseases. Rising incidences of chronic diseases have prompted clinical research of drugs and treatment for providing new products and therapies. Increasing adoption of advanced technologies and software solutions in clinical trials which aid in data management and tracking progress of clinical trial has fostered the growth of the market. Moreover, regulatory requirements mandating safety monitoring of data has encouraged the adoption of the clinical trial management system by pharmaceutical and biotechnological companies which further helps in market expansion.
Outsourcing of clinical trial processes to Contract Research Organizations (CRO) is a crucial driver of the market. CROs which handle a high number of clinical trials need to manage enormous amounts of clinical data which necessitates the use of clinical trial management systems and thus stimulates the growth of the market. Despite the positive outlook, the market growth might be hindered by lack of skilled workforce to handle the system and high costs associated with it.
Key Players:
Some of the key market players in the clinical trial management system market research Forte Research Systems Inc., eClinForce, Inc., Oracle, Medidata Solutions, iWeb Technologies, PAREXEL, Bioclinica, Bio-Optronics, and IBM.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2054
Segmental Analysis:
Clinical Trial Management System Market, by Type
Enterprise CTMS
On-Site CTMS
Clinical Trial Management System Market, by Delivery Model
Web-Based (Hosted CTMS)
Licensed Enterprise
Cloud-Based CTMS (SaaS)
Clinical Trial Management System Market, by Component
Software
Service
Hardware
Clinical Trial Management System Market, by End User
Pharmaceutical and Biopharmaceutical Companies
Medical Device Manufacturers
Contract Research Organizations
Regional Analysis:
North America has been considered as the largest regional market for clinical trial management systems and is assessed to sustain its market standing over the forecast period, owing to the technological advancements in the medical sector, the early adoption of advanced medical equipment, the increased awareness about modern healthcare facilities among consumers, and the presence of important pharmaceutical market players. Additionally, the growing competition in the market is encouraging market players to enhance and introduce innovative trial management systems, which will consequently significantly drive the market over the forecast period.
Europe has been assessed as the second largest region in the global clinical trial management systems market and is estimated to create substantial market growth owing to factors such as the growing demand and adoption of clinical trials, the increasing government expenditure towards the enhance healthcare infrastructure.
The Asia-Pacific region has been anticipated to witness significant growth over the forecast period owing to the low clinical trial costs and association among pharmaceutical companies and Asian CROs and rising government initiatives in the Asia-Pacific region.
Browse Detailed TOC with COVID-19 Impact Analysis at:
https://www.marketresearchfuture.com/reports/clinical-trial-management-system-market-2054
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
Industry OVERVIEW OF Clinical Trial Management System (CTMS) MARKET 2020 TO 2026:The market intelligence report on the Global Clinical Trial Management System (CTMS) Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Clinical Trial Management System (CTMS) Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.If you are a Clinical Trial Management System (CTMS) vendor than this article will help you understand the Sales Volume with Impacting Trends.
To get this report with detailed market information, tables, charts, graphs, etc., reach us here: @ https://www.reportsanddata.com/sample-enquiry-form/469In market segmentation by manufacturers, the report covers the following companies-Oracle Corporation, Merge Healthcare Incorporated, Medidata Solutions, PAREXEL International Corporation, MedNet Solutions, Bio-Optronics, Forte Research Systems, ERT Clinical, DATATRAK International, BioclinicaFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Clinical Trial Management System (CTMS) market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Clinical Trial Management System (CTMS) market report by referring to the data provided by leading companies.In market segmentation by types of Clinical Trial Management System (CTMS), the report covers-Web-based CTMSLicensed Enterprise CTMSCloud-based CTMSIn market segmentation by applications of the Clinical Trial Management System (CTMS), the report covers the following uses-Pharmaceutical & Biopharmaceutical CompaniesContract Research OrganizationsMedical Device CompaniesHospitalsAcademic Research CentersThe following years are used in this study to estimate the size of the Clinical Trial Management System (CTMS) market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
