Press release
Global Site Management Organizations Market | Pharm-Olam (U.S.), Scandinavian CRO (Sweden), Veristat (U.S.), TFS HealthScience (Sweden), Trialbee (Sweden), Tigermed (China), TFS HealthScience (Sweden), Worldwide Clinical Trials (US), Trialbee (Sweden), WC
Request for Sample Pages: https://www.insightaceanalytic.com/report/global-site-management-organizations-smo-market/1191
Clinical research sites/institutes, biotechnology & pharmaceutical enterprises, clinical centres, and hospitals all use site management organisations (SMOs) to provide clinical trial-related services. Manufacturers can save money and time by using SMOs to conduct multi-centric clinical trials. Patient recruiting and follow-up are among SMO's tasks, as are the management of clinical trial-related records, resolving clinical trial concerns, and managing site-specific operations.
According to InsightAce Analytic, it is estimated the global site management organizations market is priced at US$ 1,025.2 million in 2020, and it is expected to turn up US$ 2,986.0 million by 2030 with a CAGR of 11.7% during a forecast period. By region, North America dominated the global site management organisations (SMO)market with a share of 43% in 2020.
Factors such as pharmaceutical companies' constant efforts to improve the clinical trial process, new ways of managing research sites, the rising trend of outsourcing clinical trials to CROs/SMOs, rising drug discoveries and clinical studies, pharma companies' increasing focus on reducing drug development process time, increasing collaborations, expansions, and acquisitions by manufacturers, and technological advancement are likely to compel the evolution. Furthermore, the emergence of the Covid-19 pandemic has increased the R&D activities of biotech & pharma companies to develop and deliver drugs, vaccines, and test kits against the coronavirus. Therefore, to save time & process costs, several companies collaborated or partnered with SMOs/CROs, thereby creating opportunities to expand the business during the forecast years.
However, the scarcity of skilled professionals and the risk of online data security may hinder the market's development over the forthcoming years.
Region-wise, Asia Pacific is anticipated to grow at a significant rate in the next few years due to the increasing demand for medication and the availability of better healthcare infrastructures.
Request for ToC/Proposal: https://www.insightaceanalytic.com/report/global-site-management-organizations-smo-market/1191
Major market players operating in the site management organizations market include Pharm-Olam (U.S.), Trialbee (Sweden), Scandinavian CRO (Sweden), TFS HealthScience (Sweden), Tigermed (China), TFS HealthScience (Sweden), Veristat (U.S.), Worldwide Clinical Trials (US), WCCT Global (US), Tigermed (China), Veeda Clinical Research (Ahmedabad), CROMSOURCE (Italy), George Clinical (Australia), CMIC Group (Canada), Pharm-Olam (US), Parexel (US), Fidelis Research (Bulgaria), Novotech, Elligo Health Research, ERG Holding, FOMAT Medical Research, ClinChoice Private Limited, EPSI, AusTrials, Apex Medical Research, MEDEX, Ethic Co.Ltd, Beijing Aisimo Medical Science and Technology Co., Ltd, ACTG-CRO, CIDAL OneOncology, Altasciences Company, MPR Development Group among others.
Key developments in the market:
• In April 2020, CMIC Group (Canada) started providing monitoring services as a CRO (Contract Research Organization) for “Avigan Tablet” (influenza antiviral drug for novel influenza virus infections) in Japan. The company also supported manufacturing the product as a Contract Development & Manufacturing Organization (CDMO).
• In June 2021, Worldwide Clinical Trials, Inc. (The U.S.), a global full-service contract research organization (CRO), partnered with Triumph Research Intelligence (TRI), a leader in risk-based quality management (RBQM) technology, to optimize quality for clinical trials globally.
• In September 2021, Trialbee(Sweden) collaborated with Castor, a leading provider of decentralized and hybrid clinical trial solutions, to speed up patient enrollment, improve patient engagement, and reduce the burden on clinical trial sites worldwide.
Curious about this latest version of the report? Obtain Report Details @ https://www.insightaceanalytic.com/report/global-site-management-organizations-smo-market/1191
Market Segments
Global Site Management Organizations Market, by Therapeutic Areas, 2020-2030 (Value US$ Mn)
• Oncology
• CNS
• Cardiovascular
• Infectious Diseases
Global Site Management Organizations Market, by Trial Phases, 2020-2030 (Value US$ Mn)
• Phase I
• Phase II
• Phase III
• Phase IV
Global Site Management Organizations Market, by Clinical Trial Components, 2020-2030 (Value US$ Mn)
• Site Management
• Onsite Monitoring
• Project Management
• Other Clinical Trial Components
Global Site Management Organizations Market, by Interventions Types, 2020-2030 (Value US$ Mn)
• Therapeutics
• Devices
• Surgical Procedure
Global Site Management Organizations Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Site Management Organizations Market, by Country, 2020-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Site Management Organizations Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Site Management Organizations Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Site Management Organizations Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Site Management Organizations Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive industry analysis of the prospects for the global site management organizations market
To receive an industry snapshot and future trends of the site management organizations market
To analyze the site management organizations market drivers and challenges
To get information on the site management organizations market size value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the site management organizations market
For More Information @ https://www.insightaceanalytic.com/report/global-site-management-organizations-smo-market/1191
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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 Global Site Management Organizations Market | Pharm-Olam (U.S.), Scandinavian CRO (Sweden), Veristat (U.S.), TFS HealthScience (Sweden), Trialbee (Sweden), Tigermed (China), TFS HealthScience (Sweden), Worldwide Clinical Trials (US), Trialbee (Sweden), WC here
News-ID: 2457924 • Views: 670
More Releases from InsightAce Analytic Pvt. Ltd.
Global Proteome Profiling Services Market | Key Players are Bioproximity, BGI, C …
InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on "Global Proteome Profiling Services Market Assessment - Revenue (US$ Mn) Forecast Till 2030"
According to the latest research by InsightAce Analytic, the global is expected record a promising CAGR of 11.6% during the period of 2022-2030.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1346
Proteome profiling refers to the high-throughput analysis of biological samples at a large scale for the identification,…
Global Herbal HeatSticks Market | Key Players are Genmist, tqs flavour, CCOBATO …
InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on "Global Herbal HeatSticks Market- By Trends, Industry Competition Analysis, Revenue and Forecast Till 2030"
According to the latest research by InsightAce Analytic, the global herbal heatsticks market is expected to show a CAGR of 6.7% during the forecast period of 2022-2030.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1344
According to the World Health Organization (WHO) report, more than 8 million…
Global Smart Pregnancy Tracker Market | Key Players are Koninklijke Philips N.V. …
The Global Smart Pregnancy Tracker Market is estimated to exhibit a CAGR of 17.7% during the forecast period.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1343
Monitoring fetal activity and other vital signs of pregnant patients and the unborn child on a regular basis and in real-time is becoming increasingly popular in the market for diagnosing prenatal diseases. By raising the likelihood of a healthy, problem-free pregnancy, this type of therapy aids expectant…
Global Lipid Nanodiscs Market | Key players are Merck KGaA, Cube Biotech, Anatra …
The Global Lipid Nanodiscs Market is estimated to exhibit a CAGR of 7.9% during the forecast period.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1342
Large organic molecules known as lipids are categorized as derivatives of fatty acids or closely related substances. Lipids are often soluble in alcohols and organic solvents but not in water. Since it provides a home for resilient membrane proteins, nanodisc technology (NDT) has recently gained popularity as a valuable…
More Releases for Site
SITE SECURITY GUARDS
Corporate | Retail | Residential | Construction | Day | Over-night |
Fire-watch | Warehouses | After-hours
Ensuring that your site is protected around the clock provides peace of mind and safety. Large and small organizations alike require comprehebsive site security guards Vancouver to achieve success. Insufficient security precautions leave people vulnerable to harm and assets susceptible to theft and damage. The best solution is to prevent crises before they occur…
Medical Waste Management Market, By Services On site and Off site
Healthcare activities generates a lot of waste, especially from the frequently used consumables, which are harmful for in-patients and healthy population. Medical waste includes waste generated within research centers and health-care facilities for example, sharps waste, infectious waste, pathological waste, pharmaceutical waste, chemical waste, and radioactive waste. The waste product that are generated by the healthcare activities have higher potential to spread infection and injuries. Inadequate or incorrect handling of…
Health Insurance Comparison Site Web Doctor Reports Increased Site Traffic
Web Doctor, the online Health Insurance Comparison website reports a significant increase in visitors to the site.
London, October 2011 - In response to the ongoing crisis within the NHS, Web Doctor record high amounts of traffic to their site as people look for alternatives to state funded healthcare.
Managing Director and Founder of Web Doctor Richard Brewster says, 'We are continuing to see a high volume of enquiries regarding health insurance…
XZERES Launches UK Web Site and Online Site Assessment
WILSONVILLE, OR -- 04/07/11 -- XZERES Wind Corporation (OTCBB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), today announced the launch of its United Kingdom website www.xzeres.co.uk. The new site includes site assessment for England, Scotland and Wales and is a part of the XZERES WindRx™ (www.xzeres.com/buy-direct/wind-report-project) financial analysis platform providing instant access to information about prospective United Kingdom wind turbine…
New Web Site Concerning Large Area Rugs Provides Site Visitors Distinct Benefits
New York, NY, 01-13-2011. Large Area Rugs Review is a new website that now provides its visitors an opportunity to find useful information about large area rugs. It's distinctive for the reason that it is focused basically on large area rugs, providing useful information and tips, but also suggesting great alternatives. It is meant for people willing to furnish their houses with a particular stylish touch. This means that web-site…
Spain's Nº 1 Rental site launches it Spanish Site
Akilar.com, one of Spain's top holiday rental websites, has finally launched their Spanish version www.aquilervacaciones.co. This is fully integrated with the home of Akilar, www.akilar.com.
Akilar.com offer's you more for your money as the cost has stayed the same with the addition of the Spanish site to place your advertisement. SO whether you are an owner looking for a cost effective method to rent out your home or a holiday maker…
