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Clinical Trial Management System Market Segmentation Detailed Study with Forecast to 2019

03-10-2018 06:42 AM CET | Health & Medicine

Press release from: TMR

/ PR Agency: TMR
Clinical Trial Management System Market Segmentation Detailed

Clinical trial management system (CTMS) is a software solution for proper management, storage and analysis of drugs associated clinical data. Globally, the CTMS market is witnessing significant growth due to increasing R&D investment in pharmaceutical, life science and clinical research industries.It empowers organizations and research centers to enhance productivity and effectiveness of clinical trials by advancing and managing clinical trials. Integration of CTMS with HIS provides more accurate and time saving documentation, and it is also one of the major driving factors for the growth of the CTMS market. 

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The global clinical trial management systems market is growing at a substantial pace owing to the rise in research activities in life sciences, pharmaceuticals and clinical research industries. The global CTMS market, the market that covers software solutions capable of storing, managing and analyzing data associated with drugs in clinical systems, enables enhanced productivity and effectiveness of clinical trials. Such solutions empower research centers and organizations and lead to improved research results. 

The report provides analysis of various segments of the market in great depth, while also identifying the strengths and weaknesses of prevalent operations and trends, and suggesting strategic business solutions for the same. The report explores the key regional markets, their contribution, and market shares in the overall CTMS market. The CTMS market in emerging economies and its scope of expansion in these regions is also analyzed in the report, together with major market drivers and inhibitors. 

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Additionally, increasing prevalence of diseases is supporting clinical trials in different regions, and increased clinical research outsourcing is playing a major role in the growth of the CTMS market. Presence of various end users such as pharmaceuticals, clinical research organizations (CRO) and healthcare providers has increased the acceptance of CTMS. The CTMS market was estimated to be USD 844 million in 2013. It is likely to grow at a CAGR of 14% during 2013 to 2019 to reach USD 1,848.5 million in 2019.

North America has the largest market share in the global CTMS market. Web based CTMS is the largest mode of delivery and pharmaceutical industry is the largest end user of CTMS. In terms of growth, Asia is the fastest growing region, cloud based CTMS is the fastest growing mode of delivery and CRO’s are the fastest growing end users of CTMS. 

 
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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. TMR’s experienced team of analysts, researchers, and consultants, use 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, chemicals, 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, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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