Clinical Trial Management System Market 2019 – Latest Technological Advancement, Detailed Analysis of Current and Post-COVID-19 Scenario, SWOT Analysis Forecasts by 2026 | ArisGlobal, LLC (U.S.), BioClinica
The global clinical trial management system (CTMS) market is expected to reach USD 1,577 million by 2026 at a CAGR of 14.1% during the forecast period 2018–2026. The global clinical trial management system market is expected to grow at a CAGR of 14.1% during the forecasted period, 2018–2026. By delivery mode, the web-based CTMS accounted for USD 86.1 million in 2018.
A CTMS (Clinical Trial Management System) is a customized software system is designed by organizations such as medical device and biotechnology companies. Clinical trial management systems (CTMS) have been intended as stand-alone applications for either research sites or for the organizations that multi-site research, including SMOs, CROs, AMCs provider networks, and several others. Currently, it has become apparent in the research industry to collaborate between these two types of systems to improve communication between organizations. Thus, CTMS bridges the communication gap and provides an effective solution for both companies.
Increasing prevalence of chronic diseases, continuously growing clinical research, and rising trend of outsourcing clinical trials are expected to drive the market. Moreover, increased public and private funding as well as favorable government policies are additional factors influencing market growth. Economic development and improvement in regulatory and patent expiration laws in regions such as Japan, China, and India have led to the expansion of the CTMS. Furthermore, low cost of conducting clinical trials in these regions is expected to propel the market growth.
North America accounts for the largest share of the clinical trial management system market owing to deployment of advanced contract research organization technologies. Moreover, the presence of well-established contract research organization infrastructure and greater awareness regarding preventive contract research organization measures boost the growth of this region. Furthermore, a large number of on-going clinical trials, increasing government support, and a large customer base are expected to boost the market growth in the coming years. For instance, according to food & drug administration (FDA) in 2016, the U.S. was the major contributor to the development of clinical trials. The trial participants from the U.S accounted for more than 30% share globally.
The Clinical Trial Management System Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Clinical Trial Management System market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Clinical Trial Management System market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
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The Major Prominent Players Covered in this Report:
ArisGlobal, LLC (U.S.), BioClinica, Inc. (U.S.), Bio-Optronics, Inc. (U.S.), DSG Inc (U.S.), IBM Watson Health (U.S.), Medidata Solutions (U.S.), Nextrials, Inc. (U.S.), Oracle Corp. (U.S.), PAREXEL International Corp. (U.S.), and Veeva Systems, Inc. (U.S.) & More.
By Delivery Mode
By End Use
Contract research organization (CRO’s)
Medical device companies
Pharmaceutical & biopharmaceutical companies
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Clinical Trial Management System in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Clinical Trial Management System market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Clinical Trial Management System and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Clinical Trial Management System. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
View this report with a detailed description and TOC @ https://straitsresearch.com/report/clinical-trial-management-system-market/toc
Key Questions Answered in The Report:
What will the Clinical Trial Management System market growth rate?
What are the key factors driving the global Clinical Trial Management System market?
Who are the key manufacturers in the Clinical Trial Management System market space?
What are the market opportunities, market risk, and market overview of the Clinical Trial Management System market?
What are sales, revenue, and price analysis of top manufacturers of the Clinical Trial Management System market?
Who are the distributors, traders, and dealers of the Clinical Trial Management System market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Clinical Trial Management System Industry?
What are sales, revenue, and price analysis by regions of Clinical Trial Management System industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Key Clinical Trial Management System Market Trends:
- The report identifies, determines, and forecasts the Global Clinical Trial Management System Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Clinical Trial Management System Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Clinical Trial Management System Market.
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