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Clinical Trial Management Systems Global Market Analysis, Trends, Growth, Research And Forecast 2033
Clinical Trial Management Systems Global Market
As per the report, the clinical trial management systems market size has grown rapidly in recent years. It will grow from $1.67 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The clinical trial management systems market size is expected to see rapid growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
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Surge In Clinal Trials Flourishes The Growth Of The Clinical Trial Management Systems Market
The rising number of clinical trials is expected to propel the growth of the clinical trial management systems market going forward. Clinical trials are a field of study that investigates novel procedures and therapies and assesses how they affect human health. A clinical trial management system (CTMS) is software used to coordinate every step of the setup, execution, and closing of clinical trials, including organizing, preparing, monitoring, tracking, compliance, and reporting. For instance, in December 2022, according to Trialtrove, a US-based clinical trial database, the number of Phase I-III clinical trials initiated in 2021 was 10,410 compared to 9,819 in 2020, an increase of 6% compared to 2020. Further, non-COVID-19 trial initiations stood at 9,077 in 2021, a 22% increase compared to 7,424 trials in 2020. Therefore, the rising number of clinical trials is driving the growth of the clinical trial management systems market.
Technological Advancements Reshape Clinical Trial Management Systems Market
Technological advancements are a key trend gaining popularity in the clinical trial management systems market. Major companies operating in the clinical trial management systems market are adopting new technologies to sustain their position in the market. For instance, in February 2021, eClinical Solutions LLC, a US-based cloud-based software-driven clinical data service, launched the elluminate Clinical Trial Management System (CTMS) built on the elluminate platform. To speed up digitalization and shorten the time it takes to evaluate clinical data, elluminate CTMS now offers a single source of truth for clinical operations data to enable quicker and more accurate decision-making. It provides benefits such as increased operational oversight and control, improved trial performance, and optimized resources.
The clinical trial management systems market covered in this report is segmented -
1) By Product: Enterprise-Based, Site-Based
2) By Components: Software, Services
3) By Delivery Mode: Web-based Clinical Trial Management Systems, On-Premise Clinical Trial Management Systems, Cloud-Based Clinical Trial Management Systems
4) By End-User: Pharmaceutical And Biotechnology Firms, Medical Device Firms, Clinical Research Organization (CROs), Other End-Users
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Major companies operating in the clinical trial management systems market report are International Business Machines Corporation, Thermo Fisher Scientific Inc., Oracle Corporation, Parexel International Corporation, Dassault Systèmes SE, Clario, Veeva Systems Inc., Medpace Holdings Inc., Integron Inc., DSG Inc., ERT Inc., Fortna Inc., DZS Software Solutions Inc., Advarra Inc., Medidata Solutions Inc., ArisGlobal LLC, Anju Software Inc., MasterControl Inc., MedNet Solutions Inc., OmniComm Systems Inc., Bio-Optronics Inc., ClinCapture Inc., Forte Research Systems Inc., DataTRAK International Inc., OpenClinica LLC, GCP-Service International Ltd., SimpleTrials.
Contents of the report:
1. Executive Summary
2. Clinical Trial Management Systems Market Report Structure
3. Clinical Trial Management Systems Market Trends And Strategies
4. Clinical Trial Management Systems Market - Macro Economic Scenario
5. Clinical Trial Management Systems Market Size And Growth
…..
27. Clinical Trial Management Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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