The most important market driver for the Global Clinical Trial Management System Market growth is a range of benefits offered by CTMS. The CTMS keeps the up-to-date contact information of applicants and tracking of deadlines for short-term reports. CTMS also provides a user-friendly structure to assist a business intelligence system and clinicians. The rapid increase in the healthcare service benefactors, the increasing role of information technology (IT) in healthcare, and highly accurate information provided by the CTMS are aiding the CTMS market.
Efforts are being made by pharmaceutical companies, hospitals, and clinical centers to manage the clinical trials data. The factors that can hinder the market growth include increasing clinical trials failure rates, lengthy clinical trials approval time, and strict government guidelines.
Major Market Key Players
Big players in the global clinical trial management system market are Bioclinica (USA), Bio-Optronics (USA), eClinForce Inc. (USA), Forte Research Systems Inc. (USA), International Business Machines Corporation (IBM) (USA), iWeb Technologies (India), Medidata Solutions (USA), Oracle Corporation (USA), and Parexel (USA).
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A clinical trial management system (CTMS) is defined as a software system that is used to manage clinical trials in clinical research. A new report on the global clinical trial management system market, published by Market Research Future (MRFR), predicts that this market can see growth between 2018 and 2023
The global clinical trial management system market segmentation encompasses component, delivery model, end-user, and type. MRFR’s take on the market marks various facets of the market in-depth.
Global Clinical Trial Management System Market, by Type
- Enterprise Clinical Trial Management System
- Site Clinical Trial Management System
Global Clinical Trial Management System Market, by Delivery Model
- Web-Based (Hosted CTMS)
- Licensed Enterprise
- Cloud-Based CTMS
Global Clinical Trial Management System Market, by Component
Global Clinical Trial Management System Market, by End-Users
- Medical Device Manufacturers
- Pharmaceutical and Biopharmaceutical Companies
- Contract Research Organizations
The Global Clinical Trial Management System Market growth include demand from pharmaceutical companies, investments in research & development (R&D) of CTMS by top companies as well as government and increasing occurrence of chronic ailments.
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LIST OF TABLES
Table 1 Global Clinical Trial Management System Market Research Synopsis, 2018–2023
Table 2 Global Clinical Trial Management System Market Research Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Clinical Trial Management System Market, By Region, 2018–2023 (USD Million)
Table 4 Global Clinical Trial Management System Market, By Type, 2018–2023 (USD Million)
Table 5 Global Clinical Trial Management System Market, By Delivery Model, 2018–2023 (USD Million)
Table 6 Global Clinical Trial Management System Market, By Component, 2018–2023 (USD Million)
Table 7 Global Clinical Trial Management System Market, By End-Users, 2018–2023 (USD Million)
…To be Continued.
A geographical outlining of the global clinical trial management system market covers the Americas (North America & South America), Asia Pacific, Europe, and the Middle East & Africa (MEA).
In the clinical trial management system market research, North America is anticipated to account for the largest market share and will continue to dominate its top position over the forecast period due to the early adoption of advanced medical technologies, increased awareness, the existence of major key pharmaceutical companies. Furthermore, the ongoing trials rate and clinical trial management system in this region is driving the market. According to Food and drug administration (US), about 105,808 clinical trials took place in 2015. Moreover, Oracle is contributing innovative trial management cloud solutions which adds up to boosts the market growth.
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The European market is expected to hold the second largest market share. Factors such as the rising number of clinical trials, increasing government funding for improved healthcare infrastructure strongly drives the market.
The Asia-Pacific region is expected to witness a substantial growth in the next period due to low clinical trial costs and association among pharmaceutical companies and Asian CROs and rising government initiatives in the Asia-Pacific region.
The market in the Middle East & Africa is expected to account for the smallest share of the clinical trial management system market research due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
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