Clinical Trial Management System Market is Expected to Grow at a CAGR of 15% by 2022

Market Research Future published a half-cooked research report on global clinical trial management system market. The global clinical trial management system market is expected to grow at a CAGR of 15% during the period 2016 to 2022.

Test the market data and market information presented through more than 60 market data tables and figures spread over 90 numbers of pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Clinical Trial Management System Market Research Report- Global Forecast to 2022”.

Market Highlights:
Clinical trial management system maintains and record the information which are used to track the clinical trials. Information extracted during clinical trials are vast and highly complex and they are need to be routinely processed through multiple regression, simulation and other models. To maintain the information scientists and industry players are working towards the development of management and maintenance of this data. The market for clinical trial management system is booming due to increasing demand for the management of the clinical trial data collected at the time of clinical research and track the milestones for the further studies to make new and improved products by the biotechnology and pharmaceutical companies.

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Some of the key functions of CTMS includes cataloging the history of the clinical trials associated with the organizations and individuals, site management, subject tracking among others. On the basis of type of CTMS they are segmented into standard CTMS, CTMS accelerator and customized CTMS. Standard CTMS are Out-of-the-box system without organization-specific customizations while CTMS accelerator are pre-configured version of a standard CTMS that includes requested configurations and enhanced functionality of the trials. They can satisfy many of the organization’s key requirements without additional development and the customized CTMS are those which includes standard or accelerator system that is tailored to organization specific configurations.

These are commonly used by pharmaceutical and biotechnology companies, contract research organizations and medical device companies among others.

Key Players of Clinical Trial Management System Market:
• PAREXEL International Corporation
• Wipro Limited (India)
• GCP-Service International Ltd. & Co. KG (Germany)
• Oracle (US)
• Intrinsic Clinical Systems (UK)
• Acceliant (US)
• SGS SA (Switzerland)
• Telerx (US)

Segmentation:
Global clinical trial management system market has been segmented on the basis of type which comprises of standard CTMS, CTMS accelerator, customized CTMS and others. On the basis of application; market is segmented into in house, hosted and others. On the basis of end users; market is segmented into pharmaceutical & biotechnology companies, medical devices companies, CROs and others.

Global Clinical Trial Management System Market:
The Global Clinical Trial Management System Market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. Factors such as the growing prevalence of chronic diseases and increasing advancement in clinical trial management will drive the growth of the market. The global clinical trial management system market is expected to grow with CAGR of ~15% during the forecasted period.

Brief TOC for Clinical Trial Management System:
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
Continue...

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Regional Analysis:
Depending on geographic region, clinical trial management system market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally North America is the largest market for Clinical trial management system as they deploy the most advanced healthcare technologies and increasing demand for the reliable and cost effective products. Europe is the second-largest market for clinical trial management system. Asia pacific region is expected to be fastest growing region in clinical trial management system market due to increasing healthcare expenditure.

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