Global Clinical Trial Management System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global clinical trial management system market in its upcoming report titled, “Global Clinical Trial Management System Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global clinical trial management system market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global clinical trial management system market report has been segmented on the basis of type, delivery mode, component, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A Clinical Trial Management System (CTMS) is a software system, especially used in biotechnology and pharmaceutical industries to manage higher amount of data in clinical research including planning, preparation, performance, and reporting. The CTMS maintains up-to-date contact information of anticipants and tracking deadlines. The system provides a user-friendly infrastructure that help clinicians to manage trials of varying complexity
Increasing number of clinical trials, technological advancements in clinical trials management system (CTMS) solutions, and rising government funding activities are major factors expected to drive growth of the global market over the forecast period. In addition, increasing investment in research and development activities and growing integration of CTMS with hospital information system (HIS) are expected to further fuel growth of the target market. Furthermore, rising preference towards accurate information provided by clinical trial management system is another factor expected to boost growth of this market in the near future. Moreover, increasing adoption of clinical trial management system, owing to improved healthcare IT infrastructure is expected to propel growth of the target market over the forecast period.
However, stringent regulations to enroll patients for clinical trials, lengthy approval time are major factors expected to restrain growth of the global market over the forecast period. In addition, high cost of clinical trial management systems is expected to hamper growth of the target market in the near future.
Cloud-based clinical trial management systems are expected to create potential revenue opportunities for players operating in the target market over the forecast period. In addition, technological advancements in clinical trial management system is expected to create revenue opportunities for this market.
The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing availability of suitable regulatory policies and growing investments in research and development activities by pharma companies in various countries in this region. The market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increasing preference towards clinical trials and outsourcing of clinical trials and improved healthcare infrastructure in various countries in this region.
Global clinical trial management system market segmentation:
Segmentation by type:
Segmentation by delivery mode:
- Cloud- based
Segmentation by component:
Segmentation by end-user:
- Pharmaceutical and Biotechnology Firms
- Medical Device Firms
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Oracle Corporation
- Medidata Solutions, Inc.
- PAREXEL International Corporation Company
- International Business Machines Corporation
- MedNet Solutions, Inc.
- Wipro Limited
- Bio-Optronics Inc.
- Cognizant Technology Solutions Corporations
- DSG, Inc.
- Forte Research Systems, Inc.
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