Clinical Trial Management Systems (CTMS) Market : Top Players – Bio Clinica Inc., Bio-Optronics, Inc., DataTrak Internationals, Inc., DSG Inc., Forte Research Systems Inc., MasterControl Inc., Medidata Solutions, Inc., MedNet Solutions, Inc., Merge Heal

Clinical Trial Management Systems Market size was valued over USD 860 million in 2016 and is expected to witness over 13% CAGR from 2017 to 2024.

Rising R&D expenditure by public as well as private industry players coupled with growing number of clinical studies will drive the global CTMS market size. Funding from government associations such as National Institute of Health will promote clinical trials over the forecast period.

High cost involved with launch of new drugs along with extended timelines has fostered the need to improve operational efficiency of clinical trials. Increasing reliance of industry sponsors on advanced IT-based clinical trial management solutions to improve managerial control in clinical trials will boost CTMS market growth.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1155

Outsourcing of clinical trials to contract research organizations offering quality of services will spur market size. However, prohibitive cost of clinical trial management systems will hinder industry growth over the forecast timeline.

Web-based systems grabbed a higher revenue share in 2016 and is expected to show similar trend in future. Cloud-based clinical trial management system will grow at over 15% CAGR due to its accessibility, reduced cost, and real-time monitoring of clinical trial data.

Site based clinical trial management system will show significant growth in the future. These systems will improve performance and transparency across organizations, reduce financial compliance risk, minimizes duplicate data entry and support efficient participant recruitment.

Contract Research Organizations (CROs) is poised to witness significant growth over the forecast timeframe. Increasing trend for outsourcing of clinical trials by major pharmaceutical companies and escalated R&D expenditure by life science and clinical research industries will drive segment growth.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1155

Canada clinical trial management systems market should witness robust growth over the forecast period. Favorable government initiatives, rising clinical trials along with increasing investment by pharmaceutical companies for conducting clinical trials will fuel CTMS demand over the coming years.

India clinical trial management systems market will grow at significant rate in the future due to presence of diverse and large population pool along with high prevalence of chronic diseases in the country that makes it a major destination for conducting clinical trials.

Some of the major industry players operating in global clinical trial management systems market are Merge Healthcare, Oracle Corporation, MedNet Solutions, Forte Research Systems, BioClinica, DATATRAK International, Parexel International Corp., and Medidata Solutions.

The industry players resort to strategic collaborations including partnerships and acquisition agreement to enhance their product offerings and grab high market share. For instance, in April 2017, Medidata acquired e-clinical technology company called Mytrus Incorporated. Medidata will integrate the Enroll eConsent solution of Mytrus into its clinical cloud solution to advance clinical trials for patients, sites and sponsors. This strategy will enable the firm to address industry challenges and cater to demand with its new technology.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Clinical trial management systems industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Delivery mode trends
2.1.4. Product trends
2.1.5. End-use trends
2.1.6. Regional trends

Chapter 3. Clinical Trial Management Systems Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Outsourcing of clinical trials to emerging countries
3.3.1.2. Enhanced R&D expenditure of life science and clinical research industries
3.3.1.3. Increased number of clinical trials
3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost of clinical trial management systems
3.4. Growth potential analysis
3.4.1. By component
3.4.2. By delivery mode
3.4.3. By product
3.4.4. By end-use
3.5. Software landscape
3.6. Regulatory landscape
3.6.1. U.S
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Competitive landscape, 2016
3.8.1. Strategy dashboard
3.9. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.