Felton, 5 December
2019 - Clinical Trial Management System (CTMS)
Market crossed USD 1.6 billion in the recent years and is expected to
continue growing during the forecast period. Rise in health concerns and
increased R&D expenditure in life sciences& clinical research
organization are likely to drive the market growth in the forthcoming period.
The clinical trial management system industry witnesses
several opportunities in form of availability of CTMS solution, rise in
government funds for CROs. However, significant costs and dearth of healthcare
professionals are likely to create major hindrance for the market growth during
the forecast period. Overall, the clinical trial management system market is
expected to grow at a CAGR of 12.1%.
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A clinical trial management system (CTMS) is tailor made
software system to accomplish clinical trial data operations generated by
pharmaceutical and biotechnological companies. A CTMS manages up-to-date
clinical data initiation from planning of research proposal to preparation,
conducting and reporting generation. Clinical trial management system performs
planning on budgets, report budgeting, clinical data management and report
generation and accordingly the requirements of recipient companies vary from
the future prospect.
The clinical trial management system market is segmented
into delivery type, type, component and end-user. Geographical segmentation for
clinical trial management system industry spans North America, South America,
Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific clinical trial
management system market is anticipated to grow at a higher CAGR in the
forthcoming period due to rise in number of clinical trials. Outsourcing to
India, China and South Korea being a major activity contributes to the market
development in this region.
North American clinical trial management system industry is
likely to gain a significant market share due to presence of stringent laws
pertaining to end-user in this region. Rise in demand for CRO for healthcare
analytics is likely to account for a major share in the global market. Middle
East and African clinical trial management system market accounts for a leading
market position due to rise in healthcare infrastructure and healthcare
analytics in these regions.
The key players in the clinical trial management system
industry include Forte Research Systems Inc., Bioclinica, Oracle Corporation,
eClinForce Inc., Medidata Solutions, DATATRAK, Guger Technologies, PARAXEL
International Corporation, and MedNet Solutions, Inc. Other participants include;
ChemWare Inc., iWEb Technologies, Data MATRIX, Jade Global Solutions,
Integrated Clinical Solutions, and MAJARO InfoSystems.
Market Segment:
Clinical Trials
Management System Type Outlook (Revenue, USD Million, 2014 - 2025)
• Enterprise
• On-site
Clinical Trials
Management System Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)
• Web-based
• Cloud-based
• On-premise
Clinical Trials
Management System Component Outlook (Revenue, USD Million, 2014 - 2025)
• Software
• Services
Clinical Trials
Management System End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Pharmaceutical
and Biotechnology firm
• CROs
• Medical Device
Firm
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Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/clinical-trial-management-system-ctms-market
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