Clinical Trial Management System Market - Global Industry Analysis 2025

The software and tools used to manage clinical trials are known as clinical trial management systems (CTMS). CTMS help reduce expenditure of time and money with respect to improved study by providing different benefits such as secure real time access of data from multiple locations. There are two types of CTMS, namely, cloud-based clinical trial management systems and on-premise clinical trial management systems.

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Cloud-based CTMS offer 24x7 access, data administration, data security, data access from various client locations, sharing of information and technical support with advanced tools and trained staff. However, on-premise CTMS provides more security of data as it is stored and maintained at on site or at client location. Also, on-premise CTMS provides customization in software as per business needs, control on software upgrades and it is easy to share clinical trials data in house if in case lack of internet connectivity across locations.

As on-premise CTMS needs software to be purchased outright and is relatively capital intensive. However, due to rising data security issue related with cloud-based CTMS, some companies prefer on-premise CTMS.

Market Dynamics

Increasing number of clinical trials and globalization of R&D is fueling growth of CTMS market, especially in developed regions. Furthermore, rising demand for CTMS to manage multiple and complex data of clinical trials will support the growth of CTMS market in the near future.

The pharmaceuticals sector is highly competitive and companies are focusing on emerging economies to increase consumer base and profit which resulting in increased demand for CTMS, as CTMS helps companies to overcome regulatory barriers for drug approval across the globe. As the cost requirement is relatively very low to conduct clinical trial in emerging markets than developed markets, therefore the companies are focusing on Asia Pacific region which in turn result in high growth of CTMS market in near the future.

Also, companies are approaching to CRO’s as emerging countries lack appropriate infrastructure to conduct clinical trials which, may result in the growth of CTMS market in this region. The North America holds the major market share of CTMS market as the healthcare research organizations and CRO’s in this region are early adopters of CTMS solutions, which is supported by high awareness about CTMS solution among them.

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Market Taxonomy

This report segments the global clinical trial management system market on the basis of mode of delivery, offering, end user, and geography. On the basis of mode of delivery, the market is categorized into Cloud-based and On-premise. Among these mode of delivery market cloud-based segment dominate the clinical trial management system market. On the basis of offering, the market is divided into software and services. On the basis of end user, the market is divided into healthcare companies, CRO, medical device companies and others (Research Institutes, Hospitals, etc.). Among all end users, healthcare companies segment dominated the clinical trial management system market, as healthcare companies are highly competitive, vying to achieve first mover advantage.

Key features of the study:

This report provides in-depth analysis of the clinical trial management systems market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline drugs, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global clinical trial management systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global clinical trial management systems market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, CROs, medical device companies, new entrants, and financial analysts
Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the clinical trial management systems market

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This release was published on openPR.