Press release
North America Clinical Trial Management System Market Promising Growth Opportunities over 2026 | Graphical Research
Request for a sample of this report @ https://www.graphicalresearch.com/request/1276/sample
However, high cost associated with the clinical trial management system may hamper the market growth in forthcoming years. According to the American Pharmaceutical Review Supplement updated in 2015, clinical trial costs for phase 1 was valued at USD 24 million, phase 2 was valued at USD 86 million and phase 3 was valued at USD 61 million. Such high price is impacting the total cost of treatment, thereby, hampering the market growth.
Software component segment was valued over USD 390 million in 2019. This is majorly due to the advantages associated with software and high demand for clinical trial management systems in the North America. Moreover, escalating R&D expenditure in clinical research and life science will further propel segmental growth.
Enterprise based clinical trial management systems accounted for about 70% revenue share in 2019. Enterprise based CTMS enables faster admittance to patient recruitment, subject data, data exchange & capture and speeds up protocol design, thereby driving the segmental market growth.
Web-based segment is forecasted to proceed over 14% CAGR over the forecast timeframe. Web-based clinical trial management software offers wide range of clinical trial management applications. It is user-friendly and flexible thereby allowing management of clinical trials by cost-effective, easier and faster ways. Aforementioned are the foremost factors anticipated to drive demand for web based CTMS throughout the forecast period.
Healthcare providers segment accounted for around 6.0% revenue share in 2019. Clinical trial management system helps healthcare providers to monitor and keep a record of various procedures for future reference. CTMS also assists in sharing data with patients and regulatory bodies if required thus, fostering segmental growth.
Make an Inquiry for purchasing this Report @https://www.graphicalresearch.com/request/1276/inquiry-before-buying
North America Clinical Trial Management Systems market was valued at over USD 570 million in 2019. The U.S. clinical trial management market dominated the North America clinical trial management systems market followed by Canada market. This is majorly due to the presence of well-established healthcare infrastructure, favorable government support for conducting clinical trials coupled with increasing funding by various associations will further foster demand for clinical trial management systems over the coming years.
Major market players in North America clinical trial management systems market are Bioclinica, Bio-Optronics, DSG, DataTrak International, Forte, MasterControl, Medidata Solutions, MedNet Solutions, Merge Healthcare (IBM Watson Health), OmniComm Systems, Oracle, PAREXEL International, and Veeva Systems. These companies maintain their market positions by undertaking various strategies such as new service offerings, strategic collaborations and partnerships as well as acquisitions. For instance, In February 2018, Oracle announced an agreement to acquire Zenedge, a security start-up providing cloud network and infrastructure security.
North America Clinical Trial Management Systems Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
North America Clinical Trial Management Systems Market Share, By End-use, 2015 to 2026, (USD Million)
Pharmaceutical and Biopharmaceutical Companies
Clinical Research Organizations
Healthcare Providers
North America Clinical Trial Management Systems Market Value, By Product, 2015 to 2026, (USD Million)
Enterprise Based
Site Based
North America Clinical Trial Management Systems Market Trends, By Component, 2015 to 2026, (USD Million)
Software
Hardware
Services
North America Clinical Trial Management Systems Market Size, By Delivery Mode, 2015 to 2026, (USD Million)
Web
Cloud
On Premise
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1276/north-america-clinical-trial-management-system-market
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release North America Clinical Trial Management System Market Promising Growth Opportunities over 2026 | Graphical Research here
News-ID: 2010614 • Views: …
More Releases from Graphical Research
Medical Oxygen Concentrators Market is Moving Fast! | Major Key Companies are Co …
An analysis of medical oxygen concentrators market has been provided in the latest report introduced by Graphical Research that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.
Evidence suggests that oxygen concentrators are not only a cost-effective solution…
Why the Hand Sanitizer Market Is Set To Explode? | Key Players are 3M, Best Sani …
The global hand sanitizer market share is expected to gain immense traction over the forecast spell, owing to the rising impact of the COVID-19 pandemic. COVID-19, an infectious disease caused by the SARS-CoV-2 virus, is spreading across the globe at a rapid pace. This pandemic has created an unprecedented public health crisis and has, in turn, triggered several initiatives by healthcare providers worldwide to curb further impact.
Regulatory authorities and…
Guidewires Market: What are the Future Growth Opportunities? Top Players: Stryke …
The global guidewires market is slated to witness an upward trend over the next few years, fueled by the growing popularity of minimally invasive procedures. Guidewires are an important piece of medical equipment designed and developed to provide reliability, flexibility, and improved performance during surgical procedures.
Since their introduction, the technology has evolved rapidly and is constantly finding its way into new applications. A guidewire is a wire used to…
Yeast Extract Market 2021 Emerging Trends || Leading Players Kerry Group, Lesaff …
A comprehensive research study on yeast extract market introduced by Graphical Research provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
Yeast extract market is expected to show steady growth in the coming years and below are the key trends enhancing…
More Releases for America
Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics…
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on…
