openPR Logo
Press release

Clinical Trial Management System (CTMS) Market : Trends estimates high demand by 2025

07-17-2017 04:08 PM CET | Health & Medicine

Press release from: TMR Research

Clinical Trial Management System (CTMS) Market : Trends

Global Clinical Trial Management System (CTMS) Market: Overview

A clinical trial management system (CTMS) is a software system that is used to maintain and manage trials in clinical research activities. The system manages planning and executing and reporting functions, along with contact information of participant. In addition, it is useful in tracking deadlines and milestones of trials. CTMSs are used primarily used in pharmaceutical and biotech organizations, medical devices industry, and clinical research companies.

Global Clinical Trial Management System (CTMS) Market: Key Trends

The increasing research and development activities in the field of life science and clinical research is the foremost factor driving the demand for CTMS. The growing investments from public and private sectors and the introduction of conducive government policies are paving way for increased number of clinical trials, which turn is providing a fillip to the market. However, the dearth of skilled professionals is hampering the growth of the market. Moreover, the high deployment cost of these systems along with budgetary constraints of small and medium-sized organizations is keeping the market from realizing its utmost potential.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1403

Global Clinical Trial Management System (CTMS) Market: Market Potential

The global CTMS market is set to witness a transformation as end users shift their focus from loosely integrated back-office data capture and aggregation technologies to cloud-based tools and development platforms that enable real-time solutions. For instance, in June 2016, Pfizer invested in the Oracle Siebel Clinical Trial Management and Monitoring Cloud Service and the Oracle Health Sciences InForm Cloud Service. The services would help the company in managing and monitoring more than 300 clinical trials per year and providing best-in-class solutions.

Developing products that can better adapt and scale to suit the requirements of end users will be another prominent trend among vendors in the market in the foreseeable future. To put this perspective, in February 2017, OmniComm Systems announced its plans to come under one roof with Bio-Optronics to integrate their proprietary products, namely Clinical Conductor®, a CTMS from Bio-Optronics, and TrialMaster® EDC – an electronic data capture (EDC) system from OmniComm. The development of this product is under the agreement with a major institution seeking to develop treatments for cancer and other chronic diseases.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1403

Global Clinical Trial Management System (CTMS) Market: Geographical Segmentation

The key segments analyzed in the report on the basis of geography are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America will be a major revenue contributor during the review period. The growth of the region can be attributed to the presence of advanced IT infrastructure. The U.S. will account for a substantial share in the regional market, owing to favorable government initiatives.

Asia Pacific is expected to progress at a tremendous CAGR during the same period. The rising efforts by governments towards improving the healthcare infrastructure and increasing research and development activities in the field of medicines coupled with the growing trend of outsourcing of clinical trials are escalating the growth of the region. The expanding base of patient population and rapid digitization are also promoting the adoption of CTMS in APAC. Countries such as China and India will be sights of high growth in the region.

Europe will also reflect significant growth in the forthcoming years. The increasing emphasis on the development of novel drugs for the treatment of chronic disease coupled with the growing investments by governments is stimulating the demand for CTMS in the region. The growth of Latin America is largely supplemented by the rising adoption of biomedical devices and advancements in clinical trials.

Read Comprehensive Overview of Report@ https://www.tmrresearch.com/clinical-trial-management-system-market

Global Clinical Trial Management System (CTMS) Market: Competitive Landscape

The global CTMS market features high competition among key players on the basis of performance, product, and technology. Several players are focusing towards vertical integration to enhance their service efficiency and delivery. Some of the prominent companies operating in the market are MedNet Solutions, Oracle Corporation, Bio-Optronics, BioClinica, Parexel International Corporation, and Medidata solutions.

About TMR Research :

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

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 : Trends estimates high demand by 2025 here

News-ID: 627579 • Views: 210

More Releases from TMR Research

Artichokes Market Key Players, Latest Trends, Future Strategies And Growth Forec …
Global Artichokes Market: Overview Several botanists have studied the properties of edible plants over the years. This has led them to discover the health benefits of these plants, quite apparently for animals, and selectively for humans. Artichoke has also gained popularity due to increased spending on botanical and medical research. It is expected that the global artichokes market would expand at a sturdy pace in the years to follow. Research studies
Cereal Bar Market Growth, Analysis of Key Players, Trends, Drivers By 2030
Cereal Bar Market: Overview Apart from regular cereal bars used as a snack bar or mini meal, calcium fortified cereal bars are witnessing increasing uptake. Calcium fortified cereal bars are increasingly being consumed by women between 18 and 50 years to prevent osteoporosis. This marks a new trend for the growth of cereal bar market. Cereal bars are available in various types as combination of cereals, nuts, seeds, honey, and dried fruits.
Kaempferol Market Size, Technology, Implementation, Analytical Overview, Forecas …
Global Kaempferol Market: Overview In pathogenesis of several diseases like inflammatory diseases, oxidative stress has a vital role to play. In the process of aging, organs like kidney are particularly in jeopardy due to oxidative stress. Oxidant induced kidney diseases are acute renal failure, toxic nephropathies, nephritis, pyelonephritis, and vasculitis. Treatment with kaempferol has proved to be effective as it restrained accumulation of oxidative stress. Oxidative stress plays an important role in
Halal Ingredients Market Rising Trends, Huge Demand, Business Strategies, High G …
Global Halal Ingredients Market: Overview Growing Muslim population who adopt Islamic dietary guidelines is a key factor driving the evolution of the halal ingredients market over the period of assessment (2018–2028). Halal ingredients and halal products are becoming increasingly popular amongst the non-Muslim populations as well, thereby opening new avenues in the global halal ingredient market. According to Pew Research Center, a leading fact tank based out of Washington DC, Muslim population

All 5 Releases


More Releases for CTMS

Clinical Trial Management System (CTMS) Market commanding maximum share 2025
Clinical Trial Management System (CTMS) Market : Snapshot The global clinical trial management system market is mainly driven by the heightened occurrences of chronic diseases among people. The rise in the outsourcing of clinical trials is another reason, why this market is expected to flourish in the coming years. Moreover, favorable government initiatives are also anticipated to aid the growth of the global clinical trial management system market. In addition to
Clinical Trial Management System (CTMS) Market Prophesy In 2025
Clinical Trial Management System (CTMS) Market : Snapshot The global clinical trial management system market is mainly driven by the heightened occurrences of chronic diseases among people. The rise in the outsourcing of clinical trials is another reason, why this market is expected to flourish in the coming years. Moreover, favorable government initiatives are also anticipated to aid the growth of the global clinical trial management system market. In addition to
Clinical Trial Management System (CTMS) Market Foreseeable Future by 2025
Clinical Trial Management System (CTMS) Market : Snapshot The global clinical trial management system market is mainly driven by the heightened occurrences of chronic diseases among people. The rise in the outsourcing of clinical trials is another reason, why this market is expected to flourish in the coming years. Moreover, favorable government initiatives are also anticipated to aid the growth of the global clinical trial management system market. In addition to
Bio-Optronics Announces Advanced Business Intelligence Reporting for CTMS
February 9, 2017 – ROCHESTER, NY – Bio-Optronics, the makers of the market-leading Clinical Conductor clinical trial management system (CTMS) announces the release of an advanced business intelligence (BI) reporting module designed to provide health systems, CROs and other research organizations real-time access to analytics that drive decisions and business growth. The BI reporting tool, available as a module in Clinical Conductor CTMS, allows users to quickly create recurring and ad-hoc
Global Clinical Trial Management System (CTMS) Market Size, Status and Forecast …
This report studies the global Clinical Trial Management System (CTMS) market, analyzes and researches the Clinical Trial Management System (CTMS) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Oracle Corporation Merge Healthcare Incorporated Medidata Solutions PAREXEL International Corporation MedNet Solutions Bio-Optronics Forte Research Systems ERT Clinical DATATRAK International Bioclinica Market segment by Type, Clinical Trial Management System (CTMS) can be split into Web-based CTMS Licensed Enterprise
Clinical Trial Management System (CTMS) Market Growth, Share, Demand and Analysi …
Clinical Trial Management System (CTMS) Market : Snapshot The global clinical trial management system market is mainly driven by the heightened occurrences of chronic diseases among people. The rise in the outsourcing of clinical trials is another reason, why this market is expected to flourish in the coming years. Moreover, favorable government initiatives are also anticipated to aid the growth of the global clinical trial management system market. In addition to