Press release
Clinical Trial Management Systems Market anticipated to encounter favorable growth | Expect to Reach at Progressive CAGR 12.56% | Top Most Players | MedNet Solutions Inc, Medidata Solutions, Omnicomm Systems, Forte Research Systems Inc, Oracle Corporation
Clinical Trial Management Systems Market
The Clinical Trial Management System Market was worth USD 0.45 billion in 2014 and is expected to reach approximately USD 1.31 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.56% during the forecast period.
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Market Outlook and Trend Analysis
Clinical trial management alludes to the integration, collection and integration of clinical trial data. Long durations and huge costs related with clinical trials have provoked the requirement for enhancing the operational productivity of clinical trials. Accordingly the industry is reflecting expanding dependence on a wide range of IT empowered clinical trial management systems (CTMS) with a specific end goal to guarantee better administrative control on the trial runs. These systems allow the researchers to proficiently prepare for, plan, perform and report the clinical trials. CTMS is an online programming application which has the fundamental clinical work process forms installed in its activities. CTMS frameworks are employed to upgrade clinical research foundation through IT driven endeavor reconciliation that gives undertaking wide preliminary administration answer for the clinical research community.
Competitive Outlook
The leading players in the market are Merge Healthcare (IBM Watson), MedNet Solutions Inc, Medidata Solutions, Omnicomm Systems, Forte Research Systems Inc, Oracle Corporation, PAREXEL and DataTrak International Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Regional Outlook and Trend Analysis
U.S. will rule the general CTMS market in 2016 because of rising interest for overseeing expansive measure of clinical trial data by preliminary directors. Rising number of clinical trials combined with expanding subsidizing for clinical trials by different affiliations including NIH will cultivate interest for CTMS in the future. Moreover, existence of major providers of enterprise technology, for example, Oracle offering advanced trial management cloud solutions will heighten local development U.S. CTMS market.
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Market Segmentation-
Clinical Trial Management Systems Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
Enterprise Based
Site Based
Clinical Trial Management Systems Market, By Component, Estimates and Forecast, 2014-2023 ($Million)
Software
Hardware
Services
Clinical Trial Management Systems Market, By Delivery Mode, Estimates and Forecast, 2014-2023 ($Million)
Web- Based
Cloud-Based
On-Premise
Clinical Trial Management Systems Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
Pharmaceutical & Biopharmaceutical Companies
Clinical Research Organizations
Healthcare Providers
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Component Outlook and Trend Analysis
The Software section represented lion's share of the overall industry in 2016 attributable to benefits provided by these parts to components oversee clinical trials data created by biotech and pharmaceutical organizations. In addition, accessibility of easy to use programming frameworks enables spare to time and quickens the launch of new products. Such factors are foreseen to push business development.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA
5. Clinical Trial Management Systems Market, By Product
5.1. Introduction
5.2. Global Clinical Trial Management Systems Revenue and Market Share by Product (2014-2018)
5.2.1. Global Clinical Trial Management Systems Revenue and Revenue Share by Product (2014-2018)
5.3. Enterprise Based
5.3.1. Global Enterprise Based Revenue and Growth Rate (2014-2018)
5.4. Site Base
5.4.1. Global Site Based Revenue and Growth Rate (2014-2018)
6. Clinical Trial Management Systems Market, By Component
6.1. Introduction
6.2. Global Clinical Trial Management Systems Revenue and Market Share by Component (2014-2018)
6.2.1. Global Clinical Trial Management Systems Revenue and Revenue Share by Component (2014-2018)
6.3. Software
6.3.1. Global Software Revenue and Growth Rate (2014-2018)
6.4. Hardware
6.4.1. Global Hardware Revenue and Growth Rate (2014-2018)
6.5. Services
6.5.1. Global Services Revenue and Growth Rate (2014-2018)
……CONTINUED FOR TOC
End User Outlook and Trend Analysis
Biopharmaceutical and pharmaceutical organizations held the biggest income share in 2016 and is anticipated to witness a comparable pattern in the upcoming years. This development is ascribed to expanding implementation of clinical trial management systems for new medications clinical trials. Developing demand for clinical trial solutions for track clinical progress and take quick and viable choices will encourage portion development.
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