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Worldwide Clinical Trial Management Systems (CTMS) Market By Component 2017-2024 - Bio Clinica Inc, MasterControl Inc, Medidata Solutions, Inc, MedNet Solutions, Inc, Merge Healthcare, Omnicomm Systems Inc, Oracle, Parexel Informatics, Inc, Veeva Systems
Clinical Trial Management Systems (CTMS) Market, Clinical Trial Management Systems (CTMS) Market trend, Clinical Trial Management
Clinical Trial Management Systems (CTMS) market will exceed USD 2.4 billion by 2024; as per a new research report.
Companies profiled in this research and active in the Bio Clinica Inc, Bio-Optronics, Inc, DataTrak Internationals, Inc., DSG Inc, Forte Research Systems Inc., MasterControl Inc, Medidata Solutions, Inc, MedNet Solutions, Inc, Merge Healthcare, Omnicomm Systems Inc, Oracle, Parexel Informatics, Inc, Veeva Systems Inc industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.
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U.S. clinical trial management systems market was leading the industry owing to rising clinical trials registration along with increasing funds and grants provided for clinical research in the country. Presence of leading enterprise technology provider such as Oracle offering advanced trial management cloud solutions will further propel market growth.
Germany clinical trial management systems market is anticipated to grow at a robust rate over the coming years. Favorable government support such as grants allotted by Federal Ministry Education and Research (BMBF) for establishment of clinical trial centers in the country will foster industry growth. Outsourcing of research services to provide insights on various aspects such as target validation, lead optimization and clinical trials management are other factors augmenting demand for CTM solutions.
Increasing number of clinical trials to launch safe and effective drugs in the market for treatment of various chronic diseases will drive China CTMS market growth. The sponsors are conducting clinical trials for various therapeutic areas owing to low-operating cost, large patient pool and transparent regulatory scenario in the country. Such factors will favor industry expansion over the coming years.
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Introduction of favorable government initiatives to promote clinical trials for the development of novel drugs and therapeutics will serve as high impact rendering driver for CTMS market growth. Outsourcing of clinical trials coupled with rising investments for research and development by pharma and biotech companies will favor industry expansion. However, high cost of clinical trial management systems is expected to impede market growth over the forecast timeline.
Web-based software solutions contribute to higher revenue share in 2016. Increased focus on direct patient care, reduced administrative tasks, minimized duplicate data entry, easy accessibility leading to improved productivity and increased efficiency of clinical trials are factors attributable to segmental growth. Cloud-based segment will witness lucrative growth over the coming years.
Services will show considerable growth over the coming years. This is attributable to increasing adoption of advanced clinical trial management solutions by pharma companies to streamline clinical development operation for new drug development.
Some of the 106 data tables provided in this Clinical Trial Management Systems (CTMS) market research include:
TABLE 1. Clinical trial managment system industry 360 degree synopsis, 2013 - 2024
TABLE 2. Global clinical trial managment system market, 2013 - 2024, (USD Million)
TABLE 3. Global clinical trial managment system market, by delivery mode 2013 - 2024, (USD Million)
TABLE 4. Global clinical trial managment system market, by end use, 2013 - 2024, (USD Million)
TABLE 5. Global clinical trial managment system market, by component 2013 - 2024, (USD Million)
TABLE 6. Global clinical trial managment system market, by product 2013 - 2024, (USD Million)
TABLE 7. Global clinical trial managment system market, by region 2013 - 2024(USD Million)
TABLE 8. Industry impact forces
TABLE 9. R&D cost for U.S. in 2014
TABLE 10. Popular software/ platforms in the market
TABLE 11. Web based CTMS market by region, 2013 - 2024(USD Million)
TABLE 12. Cloud based CTMS market by region, 2013 - 2024(USD Million)
TABLE 13. On premise CTMS market by region, 2013 - 2024(USD Million)
TABLE 14. Pharma and biopharma companies market by region, 2013 - 2024(USD Million)
TABLE 15. Clinical research organizations market by region, 2013 - 2024 (USD Million)
TABLE 16. Healthcare Providers market by region, 2013 - 2024(USD Million)
TABLE 17. Software market by region, 2013 - 2024, (USD Million)
TABLE 18. Hardware market by region, 2013 - 2024, (USD Million)
TABLE 19. Services market by region, 2013 - 2024, (USD Million)
TABLE 20. Enterprise based CTMS market by region, 2013 - 2024(USD Million)
TABLE 21. Site based CTMS market by region, 2013 - 2024 (USD Million)
TABLE 22. North America CTMS market, 2013 - 2024, (USD Million)
TABLE 23. North America CTMS market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 24. North America CTMS market, by end use, 2013 - 2024 (USD Million)
TABLE 25. North America CTMS market, by components, 2013 - 2024 (USD Million)
For More Details about this report: https://tinyurl.com/yaudo7bc
Related Report:
Global Clinical Trial Management Systems (CTMS) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
Clinical Trial Management System (CTMS) is a software system used by biotechnology and pharmaceutical industries to manage clinical trials in clinical research. The system maintains and manages planning, performing and reporting functions, along with participant contact information, tracking deadlines and milestones. North America led the global market in 2017 and accounted for around 51% of the overall market. This growth was attributed to the availability of favorable regulatory policies and higher investments by the pharma companies. Asia Pacific is expected to be the fastest-growing region during the forecast period Due to increasing costs and time spent on clinical trials and outsourcing of clinical trials in the region. Asian countries offer a less expensive and less time-consuming process for clinical trials, thereby boosting the CTMS market in the region.
https://www.marketstudyreport.com/reports/global-clinical-trial-management-systems-ctms-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=RR-AN
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