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Clinical Trial Management System Market to Reflect Significant Growth and New Business Opportunities 2026 By Global Key Players Oracle Corporation, Medidata Clinical Cloud, Veeva Systems, Infosys, Bio-Optronics, BioClinica, and MedNet Solutions

11-19-2018 08:13 AM CET | Health & Medicine

Press release from: Coherent Market Insights - Healthcare IT

Clinical Trial Management System Market

Clinical Trial Management System Market

The Clinical Trial Management System (clinical trial management systems) is an integrated software designed to manage the clinical trial data system used by biotech and pharma companies, it provides customizable functions with advanced technology and tools, which help reduce time and cost during clinical trial by helping to manage large and complex clinical trial data. Also, clinical trial management systems provides various benefits such as easy access to data from various client locations, sharing of information function, data maintenance and security, avoids complexity of administration and helps to manage clinical trials conducted at various locations by providing access to more than one user simultaneously.

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Market Dynamics:

Increasing number of clinical trials and globalization of R&D is fueling growth of CTMS market, especially in developed regions. Furthermore, rising demand for CTMS to manage multiple and complex data of clinical trials will support the growth of CTMS market in the near future.

The pharmaceuticals sector is highly competitive and companies are focusing on emerging economies to increase consumer base and profit which resulting in increased demand for CTMS, as CTMS helps companies to overcome regulatory barriers for drug approval across the globe. As the cost requirement is relatively very low to conduct clinical trial in emerging markets than developed markets, therefore the companies are focusing on Asia Pacific region which in turn result in high growth of CTMS market in near the future.

Companies are approaching to CRO’s as emerging countries lack appropriate infrastructure to conduct clinical trials which, may result in the growth of CTMS market in this region. The North America holds the major market share of CTMS market as the healthcare research organizations and CRO’s in this region are early adopters of CTMS solutions, which is supported by high awareness about CTMS solution among them.

Market Taxonomy:

This report segments the global clinical trial management system market on the basis of mode of delivery, offering, end user, and geography. On the basis of mode of delivery, the market is categorized into Cloud-based and On-premise. Among these mode of delivery market cloud-based segment dominate the clinical trial management system market. On the basis of offering, the market is divided into software and services. On the basis of end user, the market is divided into healthcare companies, CRO, medical device companies and others (Research Institutes, Hospitals, etc.). Among all end users, healthcare companies segment dominated the clinical trial management system market, as healthcare companies are highly competitive, vying to achieve first mover advantage.

Competitor Analysis:

Some of the major companies offering clinical trial management systems are Oracle Corporation, Medidata Clinical Cloud, Veeva Systems, Infosys, Bio-Optronics, BioClinica, and MedNet Solutions.

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Detailed Segmentation:

• Global Clinical Trial management System Market, By Mode of Delivery:
- Cloud-based
- On-premise

• Global Clinical Trial management System Market, By Offering:
- Software
- Services

• Global Clinical Trial management System Market, By End User:
- Healthcare Companies
- CRO
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)

• Global Clinical Trial management System Market, By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
- Africa

• Company Profiles
• Medidata Solutions Inc. *
- Company Overview
- Product Portfolio
- Market Presence
- Financial Overview
- Key Developments
- Strategies
• OpenClinica LLC
• Forte Research Systems, Inc.
• Oracle Corporation
• Datatrak International, Inc.
• Medrio, Inc.
• Parexel International Corporation
• Bioclinica
• Veeva Systems
• Crucial Life Sciences Data Solutions Inc.

“*” marked represents similar segmentation in other categories in the respective section.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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