Randomization and Trial Supply Management (RTSM) Market - Global Industry Trends & Forecast to 2029

Randomization and trial supply management is abbreviated as RTSM. It's a technology solution that's utilised in clinical studies to manage drug distribution and control patient randomization. Randomization is an experimental control strategy that eliminates selection and unintentional bias.

Data Bridge Market Research analyses that the randomization and trial supply management (RTSM) market which was USD 0.17 billion in 2021, would rocket up to USD 0.52 billion by 2029, and is expected to undergo a CAGR of 15 % during the forecast period 2022 to 2029.

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Drivers

Rise in adoption of novel software solutions
Increasing adoption of novel software solutions, rising government funding for clinical trials, the introduction of e-clinical solutions to improve data standardisation, and rising pharmaceutical company expenditure for drug development pipeline allocation are some of the factors that will likely accelerate the growth of the randomization and trial supply management (RTSM) market, in the forecast period of 2022-2029.

Key players operating in the randomization and trial supply management (RTSM) market are:

MEDICAL Information Technology Inc. (U.S)
SAP (Germany)
CPSI (U.S)
Meta (U.S)
Elinext (U.S)
EPIC Systems Corporation (U.S)
INFOR (U.S)
Cognizant (U.S)

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