Clinical Trial Management Systems Market To Drive Biotechnology and Pharmaceutical industries Demands to Manage Clinical trials in Clinical Research

Several studies are performed on a human being to check the efficacy or safety of drugs, devices or therapeutic products, and these types of research performed are known as clinical trials. These researches are carried out before drugs, devices and therapeutic products are launched into the market. They require huge investment at the initial level and in the present scenario it has become mandatory for hospitals to carry out such research.

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It is expected that the global CTMS (Clinical Trial Management System) market will grow at a CAGR of 14.54% during the period 2011 to 2016. On the global level, North America was known to lead with its global market share of 621.89% in 2010 and the reason behind this is the maximum number of trials conducted in the US. North America is expected to witness the fastest growth and provide opportunity in the future followed by Europe that stands at the second position. Asia-Pacific is also expected to grow in the coming years, following the US and Europe.

The CTMS market can be divided into three types based on the mode of delivery:
Cloud-based CTMS
Web-based CTMS
On-Premise CTMS, and
Global market, by types:
Site
Enterprise
Pharmaceutical/biopharmaceutical
Global market, by end-users:
CRO’s (Clinical Research Organizations)
Research Institutions
Healthcare Providers
Academic Institutions
Hospitals
Global market, by components:
Software
Hardware
Services
The geographies covered in this report are as follows:
North America
Europe
Asia Pacific
RoW

Some of the major players in this market are Oracle Corporation, Perceptive Informatics, BioClinica, Bio-Optronics, Volodyne Technologies, eResearch Technology, Integrated Clinical Solutions, MedNet Solutions, DSG, eClinForce, Medidata Solutions, Nextrials, Oracle, Perceptive Informatics, StudyManager, Merge eClinical, LLC, and Winchester Business Systems, among others.

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