Press release
Global Clinical Trial Management System Market: Market Drivers, Restraints and Opportunities, Market Size & Forecast 2016 to 2022. Key Players are Oracle Corporation, MedNet Solutions,BioClinica, Bio-Optronics, Medidata solutions, Merge Healthcare Incorpo
Information obtained during clinical trials is massive and highly complicated and is regularly processed through multiple regressions, simulation, and other models. This leads to the development of a large amount of unstructured data. Scientists and industry players are working towards the development of management and maintenance of this data viaClinical trial management system (CTMS). It has its applications in pharmaceutical and biotechnology industries for effective management of clinical trials. These systems manage and maintain clinical trial reporting, recruitments, data collection and storage, planning, and tracking milestones and deadlines. This enables accurate documentation, provides the user with relevant and specific information. Thus, CTMS performs a dual function of assisting research activity and streamlining the commonplace administrative activity.
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Market Dynamics:
The rapidly growing incidences of chronic diseases coupled with growing trend of outsourcing clinical trials are the prime drivers for the clinical trial management system market. Moreover, increasing research and development expenditure along with public and private funding and favorable government policieshas led to the increased importance of this market.
The lack of skilled professionals to operate advanced CTMS, budget constraints of small- and medium-sized pharmaceutical, biotechnology companies and small CROs along with increasing clinical trials failure rate in phase II and phase III and long clinical trials approval timeput constraints on the market
Market Segmentation:
The market is segmented in by component (Software, Hardware, Services), by type of product (Enterprise Based, Site Based), on the basis of mode of delivery (Web, Cloud, On-Premise) andby end user (Pharmaceutical & Biopharmaceutical Companies, Clinical Research Organizations, Healthcare Providers)
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Geographic Analysis:
North America leads theclinical trial management system market followed by Europe. Moreover, Asia-Pacific region is expected to grow rapidly due to an increase in outsourcing of clinical trials, availability of large and diverse patient population, the presence of less stringent regulatory guidelines, and comparatively less cost of conducting clinical trials.
Key Players:
Some of the major players in the market include Oracle Corporation, MedNet Solutions,BioClinica, Bio-Optronics, Medidata solutions, Merge Healthcare Incorporated and Forte Research Systems.
The report contains comprehensive analysis on:
Clinical Trial Management System Market Segments
Clinical Trial Management System Market Drivers, Restraints and Opportunities
Clinical Trial Management System Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Clinical Trial Management System Market Current Trends
Competition &Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Clinical Trial Management System Market includesIndustry Analysis, Forecasts and Opportunity Assessment (2017-2022)
Market Trends, Dynamics and Regulatory Framework
Regional and Cross-segment Sales Figures
Extensive Industry Structure Coverage
Sample Report Request Customisation
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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