openPR Logo
Press release

Clinical Trial Management System (CTMS) Market - Global Industry Insights 2024

04-19-2017 10:00 AM CET | Health & Medicine

Press release from: Clinical Trial Management System (CTMS) Market

Clinical Trial Management System (CTMS) Market - Global

Clinical Trials Management System is software that helps in managing and monitoring data related to clinical trials for pharmaceutical and biotechnology companies. The core objective of clinical trial management system is to maintain a centralized database which allows users to access data at any point of time. The need for these systems stems from the growth in clinical trials over the last decade and it has become essential to manage the data in an automated manner. Clinical trials management system can be customized depending upon the users, lab requirements and nature of clinical trials.

Download Exclusive PDF Brochure of This Report: https://www.coherentmarketinsights.com/insight/request-sample/212

Growing investment in R&D by pharmaceutical players is a major driver for the clinical trial management system market

The R&D investment scenario has been positive for the pharmaceutical companies as the competition among the key players to deliver novel drugs has increased. As per data published by Industrial Research Institute, there was an increase of 3.5% in global R&D investment over 2015. The pharmaceutical companies are working on developing specialty products. For instance, Sun Pharma is expected to spend 9.1% of its revenues on R&D in 2017. Other pharma companies such as Lupin and Cipla are also expected to step up R&D investment to develop biosimilars and biobetters. The drug approval process in US has become relatively strict and pharmaceutical companies need to show better compliance and release drugs which are cost effective, beneficial and have proven results. The integration of clinical trial management systems with HIS has been an important factor for driving the market forward as integration with HIS enables the end users to access clinical data easily. Further, the rise in prevalence of chronic diseases has propelled the demand for the development of innovative drugs.

Get Exclusive Discount on this CMI Report: https://www.coherentmarketinsights.com/insight/request-discount/212

Clinical trials management system market will witness strong traction in the Asia Pacific region

North America holds the largest market share in the global clinical trial management system market accounting to growth in R&D investment by pharmaceutical companies and clinical research firms. U.S. is the hub for world’s biggest clinical research organizations and pharmaceutical companies. The healthcare industry is financing clinical trials in U.S., as the NIH funding has witnessed decline in the recent past.

Asia Pacific countries such as China, India and South Korea constitute 40% of global R&D spending. India specifically has become the hub for clinical trials and the market for it will continue to grow, as more than 130 patents will undergo expiration by 2027. Global and local pharma companies will conduct clinical trials to develop novel drugs which will make a positive impact on the clinical trial management systems market. China on the other hand has been the hub for clinical trials. As per the data published by Clinical Trials website, out of 5,552 clinical trials conducted globally, 5,045 trials were conducted in China. As the global pharmaceutical companies increase the clinical trial outsourcing to Asia Pacific countries, the clinical trial management system industry will gain rapid traction in the near future.

Browse Global Strategic Business Report: https://www.coherentmarketinsights.com/ongoing-insight/clinical-trial-management-system-market-212

The key players in the market are competing intensively by focusing on innovation and technology upgrade

The key players in the clinical trial management system market are Oracle, Parexel, Medidata Solutions, BioClinica and Bio-Optronics. The market has been in a state of consolidation with the top 4 companies accounting for more than 60% of global market share. The industry will witness the exit of players who are unable to execute seamless integration with internal and external partner systems. On the contrary, the vendors who are able to meet the needs of the end user industry effectively will continue to gain market share. The market will witness change in market dynamics as key players shift towards cloud-based model for easy data retrieval and reducing the cost of hardware.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Visit Blog : http://globalresearchtrends.blogspot.in/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Clinical Trial Management System (CTMS) Market - Global Industry Insights 2024 here

News-ID: 505729 • Views: 238

More Releases from Clinical Trial Management System (CTMS) Market

Global Clinical Trial Management System (CTMS) Market To Exceed At A CAGR Of 12. …
Researchmoz added Most up-to-date research on "Global Clinical Trial Management System (CTMS) Market To Exceed At A CAGR Of 12.98% Between The Period 2017 - 2021" to its huge collection of research reports. Clinical trials are defined as research studies undertaken to successfully test a drug or a medical device before launching the product in the market. These studies are pivotal as the data generated in these studies forms the basis
Clinical Trial Management System (CTMS) Market — Global Industry Insights, Tre …
Market Overview Clinical Trials Management System is software that helps in managing and monitoring data related to clinical trials for pharmaceutical and biotechnology companies. The core objective of clinical trial management system is to maintain a centralized database which allows users to access data at any point of time. The need for these systems stems from the growth in clinical trials over the last decade and it has become essential to
CLINICAL TRIAL MANAGEMENT SYSTEM (CTMS) MARKET — GLOBAL INDUSTRY INSIGHTS, TRE …
Market Overview Clinical Trials Management System is software that helps in managing and monitoring data related to clinical trials for pharmaceutical and biotechnology companies. The core objective of clinical trial management system is to maintain a centralized database which allows users to access data at any point of time. The need for these systems stems from the growth in clinical trials over the last decade and it has become essential to
Clinical Trial Management System (CTMS) Market - Analysis And Forecast (2016-202 …
Market Overview Clinical Trials Management System is software that helps in managing and monitoring data related to clinical trials for pharmaceutical and biotechnology companies. The core objective of clinical trial management system is to maintain a centralized database which allows users to access data at any point of time. The need for these systems stems from the growth in clinical trials over the last decade and it has become essential to

All 5 Releases


More Releases for R&D

High Performance Hovercraft Market - R&D Activities Opening New Opportunities
A hovercraft, also known as an air-cushion vehicle or ACV, is an amphibious craft capable of travelling over land, water, mud, ice, and other surfaces. In 2018, the market size of High Performance Hovercraft is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to
R&D Collaborative Projects by GD Rectifiers
GD Rectifiers have extensive experience in collaborative R&D projects and are proud to work with some of the UK’s pioneering power electronic companies to drive design and innovation forward. This R&D service helps drive GD Rectifiers forward as a cutting edge manufacturer embracing fundamental technologies that support product development that contribute to next generation products throughout: renewable energy, embedded systems, smart metrering and the rail industry. Power Assemblies, Controllers and
Transforming Pharmaceutical R&D with Data
ReportsWorldwide has announced the addition of a new report title Transforming Pharmaceutical R&D with Data to its growing collection of premium market research reports. Transforming Pharmaceutical R&D with Data In the current drug pricing environment, biopharmaceutical firms cannot afford to continue spending billions of dollars on development programs that are more than 90% likely to fail. Raising prices to compensate for expensive, risky research and development (R&D) is no longer an option
Noliac is expanding the R&D team
Noliac is looking for two new colleagues for the R&D team in Prague, Czech Republic: A Precision/Fine Mechanics and an Electroengineer. Precision/Fine Mechanics For the R&D team in Prague, Czech Republic, Noliac is looking for a Precision/Fine mechanics to work on modifying existing products and work with developing new. Noliac requires a colleague who: Is mechanically skilled with a focus on very small machinery. Holds a technical high school degree or an apprenticeship
Leiber GmbH further invests in R&D
Since February 2016, Leiber GmbH has been reinforced by Dr med vet Claudia Westfahl - a veterinarian specialized in animal nutrition - as part of the company's strategy to invest in new product developments. With the new position ‘Product Development Animal Nutrition’, Dr Westfahl is responsible for new product development in the field of functional feed ingredients for both pet as well as farm animals. After graduating at the University
Rising R&D Funding for Nanotechnology
Global nanotechnology market has been registering marked increase in funds allocation by the countries across the world, especially with new product development that received huge momentum due to these funding. An increase in global public funding for R&D initiatives supports quick commercialization of nano-based products. Fundings from governments, corporations, and venture capital exhibited a CAGR growth of 1% during 2008-2012. In future, it is expected that nanotechnology funding will grow