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Clinical Trial Management System (CTMS) Market: Technological Growth Map Over Time To Understand The Industry Growth Rate

11-20-2017 05:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Clinical Trial Management System (CTMS) Market: Technological

With drug development and discovery for new diseases and conditions gathering steam, the demand for global Clinical Trial Management System (CTMS) Market is poised for a healthy double-digital growth rate, finds a new study by Transparency Market Research. The report, titled ‘Clinical Trial Management System Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2019,’ states that the market will rise from its 2013 valuation of US$844.0 mn to US$1,848.5 mn by 2019 at a 14% CAGR between 2014 and 2019.

Browse the full Clinical Trial Management System (CTMS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2019 report at https://www.transparencymarketresearch.com/clinical-trial-management-systems-market.html

With companies long having realized that the best way to remain competitive in the pharmaceutical industry is by ploughing back of profits into R&D projects, the demand for clinical trial management systems is expected to see an uptick. While this will help impel the market greatly in the coming years, what also needs to be taken into consideration that the cost of implementing such a system may deter investment decisions.

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The most remunerative opportunities for companies in the clinical trial management system market lie in the life science, clinical research, and pharmaceutical industries. The integration of CTMS with HIS makes documentation during drug formulation and clinical trials simpler. This facet of clinical trial management systems appeals to most hospitals and clinical research centers. The report also notes that the clinical research outsourcing trend will prove conducive to the growth of the global clinical trial management system market.

For the purpose of this study, the global clinical trial management system market is segmented on the basis of delivery mode, type, components, end user, and geography. On the basis of delivery mode, the CTMS market is segmented into: web-based, cloud-based, and on-premise clinical trial management systems. On similar lines, the CTMS market by end user is segmented into clinical research organization (CROs), healthcare providers, and pharmaceuticals. By type, the market is divided into site-based CTMS and enterprise-based CTMS. Basis components, the CTMS market is segmented into services, hardware, and software.

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The regional markets studied in this report include: Europe, North America, Asia, and Rest of the World. North America has traditionally been a leading market where clinical trials are concerned, and has thus become an important market for companies in the CTMS market as well. In 2011 alone, 56,981 clinical trials were conducted in the U.S., says the National Institute of Health. In Europe, on the other hand, the number of clinical trials conducted have increased in Central and Eastern Europe but have seen a dip in Western Europe. This indicates that clinical trial management system vendors have new opportunities in emerging regions in Europe.

With Asia now widely being accepted as the fastest-growing pharmaceutical products market in the world, clinical trials are now being undertaken in greater numbers in China, India, and Japan. The Asian region, as a result, will be a hotbed of activity for CTMS companies.Leading companies in the clinical trial management system market are: Oracle Corporation, Merge Healthcare, PAREXEL, and Medidata Solutions are the leaders in the clinical research services space.

Browse Our Full Report @ https://www.transparencymarketresearch.com/clinical-trial-management-systems-market.html

Oracle Corporation and PAREXEL are leading players in the market. Other major players of clinical trial management system market include BioClinica, MedNet Solutions, eClinforce, Bio-Optronics, Forte Research and DSG.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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