Press release
Clinical Trial Management System Market is estimated to reach US$ 7 Bn by the end of 2031 at CAGR of 14% | PMR
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One of the key drivers of the CTMS market is the increasing number of clinical trials being conducted. Clinical trials are essential for the development of new drugs and medical treatments, and the number of trials being conducted has been steadily increasing in recent years. This trend is expected to continue in the coming years, driving the demand for CTMS systems.
Another factor contributing to the growth of the CTMS market is the development of new technologies and products. In recent years, there have been numerous advances in the field, including the development of cloud-based CTMS systems and the integration of CTMS with other software systems. These innovations have made CTMS systems more efficient and user-friendly, increasing their adoption by clinical trial sponsors and researchers.
Companies
Oracle Corporation.
Merge Healthcare Incorporated.
Medidata Solutions Inc.
PAREXEL International Corporation.
MedNet Solutions, Inc.
Bio-Optronics, Inc.
DSG, Inc.
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Overall, the CTMS market is expected to continue to grow in the coming years, driven by the increasing number of clinical trials being conducted and the development of new technologies and products.
Market Overview
Clinical trials, which are used for testing the efficacy and safety of medical devices, drug, of any other therapeutic product, are currently on the rise. The global clinical trial management systems industry survey projects the market to reach US$ 7 Bn by 2031 end. The global clinical trial management systems market will witness an amazing CAGR of 14% over the forecast period 2021-2031.
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By Mode of Delivery
Cloud based clinical trial management system
Web based clinical trial management system
On-premise clinical trial management system
By End-User
Pharmaceuticals
Clinical Research Organizations (CROs)
Healthcare Providers
By Type
Enterprise based clinical trial management system
Site based clinical trial management system
By Components
Hardware
Services
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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