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Clinical Trial Management System Market Comprehensive study by Key Players Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Bioclinica, Inc., Bio-Optronics, Inc., Merge Healthcare Incorporated, Datatrak International, Inc.,
Clinical Trial Management System Market
Clinical Trial Management, a subset of eClinical. A 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.
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Market Dynamics:
1. Market Drivers
1.1 Rising R&D investment in pharmaceutical and biotech sector
1.2 Growing number of clinical trials
1.3 Increasing discoveries in pharma industry
1.4 Increasing focus on Model organism safety
1.5 Increasing customer satisfaction with usage of the technology
2. Market Restraints
2.1 Lack of IT professionals
2.2 Budget Limitations
Market Segmentation:
1. The Clinical Trial Management Market, by Type:
1.1 Enterprise
1.2 On site
2. The Clinical Trial Management Market, by Delivery Mode:
2.1 Web-Based (Hosted) CTMS
2.2 Licensed Enterprise (On Premise) CTMS
2.3 Cloud-Based (SaaS) CTMS
3. The Clinical Trial Management Market, by Component:
3.1 Software
3.2 Services
4. The Clinical Trial Management Market, by End User:
4.1 Pharmaceutical and Biopharmaceutical Companies
4.2 Contract Research Organizations
4.3 Medical Device Companies
4.4 Others
5. The Clinical Trial Management Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Oracle Corporation
2. Medidata Solutions, Inc.
3. Parexel International Corporation
4. Bioclinica, Inc.
5. Bio-Optronics, Inc.
6. Merge Healthcare Incorporated (An IBM Company)
7. Datatrak International, Inc.
8. Veeva Systems, Inc.
9. DSG Inc. (Document Solutions Group)
10. Eclinforce, Inc.
11. ERT
12. Forte Research Systems, Inc.
13. Mednet Solutions, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on The Clinical Trial Management Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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Flair Insights provides research that fuels innovation. Today’s modern world runs on sound research and development for which big data is required. We now live in the world of information where everything can be quantified. Flair Insights provides comprehensive analysis and reports that cover a wide range of industries. These reports will help you understand the industry and subject it is about and provide you with the right insights. Businesses can then make sound strategies based on the reports, make predictions, understand market trends, do surveys and more. The reports are a microscopic look that unveil the minutest of details.
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