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Global Clinical Trial Management Systems Market Is Projected To Garner A Valuation Of Around US$ 1.3 Billion In 2022
Global Clinical Trial Management Systems market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The market report tracks the global sales of Clinical Trial Management Systems in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Clinical Trial Management Systems sector in particular.
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How will Sales of Clinical Trial Management Systems will foster in 2021 and beyond?
In its latest report, Fact.MR offers an exhaustive overview of the global Clinical Trial Management Systems market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Clinical Trial Management Systems market structure.
Clinical Trial Management Systems market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.
In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.
ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.
Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.
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The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.
Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.
Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry
Key Segments Covered in Clinical Trial Management System Industry Survey
By Mode of Deployment :
Cloud-based Clinical Trial Management Systems
Web-based Clinical Trial Management Systems
On-premise Clinical Trial Management Systems
By Component :
Clinical Trial Management System Hardware
Clinical Trial Management System Services
Clinical Trial Management System Software
By Product Type :
Enterprise-based Clinical Trial Management Systems
Site-based Clinical Trial Management Systems
By End User :
Pharmaceuticals
Clinical Research Organizations (CROs)
Healthcare Providers
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Competitive Landscape
Majority of companies are focused on expansions, investments, acquisitions, delivery, portfolio expansion, and brand development. Key players also have a strong position in the global market with a large set of customers, which springs them with an edge over their competitors in the market.
Moreover, developers also participate comprehensively in campaigns of advertising to surge their visibility in the field. Major players are fluctuating their focus toward platforms with smart services to allow patients to operate their products remotely.
In October 2021, Parexel, a leading global clinical research organization and Kyoto University Hospital announced a strategic alliance focused on offering better opportunities for clinical research and providing efficient methods of supporting clinical studies.
In November 2020, a tripartite collaboration was announced between Parexel, Synexa Life Sciences, globally renowned for biomarker and bio analytical science and Drawbridge Health, a healthcare technology company reinventing the blood draw experience. The collaboration focused on delivering comprehensive solutions for COVID-19 clinical serology testing.
In December 2020, Oracle Corporation and Cerner Corporation announced an agreement for Oracle to acquire Cerner an all-cash tender offer for approximately USD 28.3 Bn in equity value. Cerner is globally renowned provider of digital information systems used within healthcare centers and systems to allow medical experts to provide revamped services to patients and communities.
Recent Developments in the Clinical Trial Management Systems Market:
Google said in June 2020 that it would provide new features to its artificial intelligence-based voice assistant, Google Assistant, across a variety of new devices. The most essential of these functions is voice match, which allows smart speakers to recognise a single user's voice and tailor replies to that individual.
Key Regions Analysed
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa
Key Country-wise Inclusions
US Clinical Trial Management Systems Market
Canada Clinical Trial Management Systems Sales
Germany Clinical Trial Management Systems Production
UK Clinical Trial Management Systems Industry
France Clinical Trial Management Systems Market
Spain Clinical Trial Management Systems Supply-Demand
Italy Clinical Trial Management Systems Outlook
Russia & CIS Market Analysis
China Clinical Trial Management Systems Market Intelligence
India Clinical Trial Management Systems Demand Assessment
Japan Clinical Trial Management Systems Supply Assessment
ASEAN Clinical Trial Management Systems Market Scenario
Brazil Clinical Trial Management Systems Sales Analysis
Mexico Clinical Trial Management Systems Sales Intelligence
GCC Clinical Trial Management Systems Market Assessment
South Africa Clinical Trial Management Systems Market Outlook
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