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Global Clinical Trial Management System Market is expected to surge at approximately 14% CAGR throughout the forecast period of 2023 to 2033
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The clinical trial management system market is expected to grow significantly in 2022 due to increasing demand for efficient and effective management of clinical trials. This growth is driven by factors such as the increasing number of clinical trials, the growing complexity of these trials, and the need for more accurate and timely data management.
There are a number of companies that offer CTMS solutions, including large multinational corporations and smaller specialized software providers. These systems can be deployed on-premises or accessed through a cloud-based subscription model.
Companies
Oracle Corporation.
Merge Healthcare Incorporated.
Medidata Solutions Inc.
PAREXEL International Corporation.
MedNet Solutions, Inc.
Bio-Optronics, Inc.
DSG, Inc.
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Key drivers of growth in the clinical trial management system market include the increasing adoption of electronic data capture (EDC) systems, the growing use of mobile technologies in clinical trials, and the increasing need for real-time data management and reporting.
Overall, the clinical trial management system market is expected to continue growing in the coming years as the demand for effective and efficient clinical trial management increases. This growth will likely be driven by a number of factors, including the increasing number of clinical trials, the growing complexity of these trials, and the need for more accurate and timely data management.
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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Key Segments Covered in Clinical Trial Management System Industry Research
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's Expertise in Life Sciences and Transformational Health
Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.
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