Clinical Trial Management System Market Research By Type (Enterprise CTMS and On-Site CTMS), Delivery Model (Web-Based [Hosted CTMS], Licensed Enterprise, Cloud-Based CTMS [SaaS]), Component (Software, Service and Hardware), End-User (Pharmaceutical and Biopharmaceutical Companies, Medical Device Manufacturers, Contract Research Organizations and others) and Regions – Global Industry Analysis and Growth Forecast till 2025.
Clinical Trial Management System (CTMS) Market size is expected to grow at a CAGR of 12.0% over the forecast period to Reach the Global worth of USD 1,631.3 Million by 2025.
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The increasing digitalization of clinical trial management systems market is a major driver for the global clinical trial management systems market. Increasing development of software support for clinical trial management systems has provided crucial support to clinical researchers. Software development in clinical trial management systems is centered on making use of big data management tools to manage the data generated through the clinical trials. The increasing use of big data software in clinical trial management systems is likely to be a major driver for the market over the forecast period.
Top Competitive Analysis:
The leading drivers and restraints affecting the global clinical trial management systems market are profiled in detail in the report, along with an analysis of the background economic factors working to enable a sturdy impact on the market.
Leading players in the global clinical trial management system market include –
Forte Research Systems Inc.
Oracle
iWeb Technologies
Bioclinica
IBM
Bio-Optronics
PAREXEL
Medidata Solutions
eClinForce Inc
and Others.
The leading players operating in the global clinical trial management systems market are also profiled in the report, giving players a comprehensive picture of the global clinical trial management systems market’s competitive landscape.
Market Segmentation:
The global clinical trial management system market has been segmented on the basis of type, delivery model, component, end user, and region.
On the basis of type, the clinical trial management system market has been segmented into enterprise clinical trial management systems and site clinical trial management systems.
On the basis of delivery model, the clinical trial management system market has been segmented into web-based (hosted CTMS), licensed enterprise, and cloud-based CTMS.
On the basis of component, the clinical trial management system market has been classified as software and services.
On the basis of end user, the market is segmented into medical device manufacturers, pharmaceutical and biopharmaceutical companies, contract research organizations, and others.
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Regional Analysis:
North America is expected to account for the top position in the global clinical trial management systems market due to the increasing software development in the region. Technology supporting clinical trial management systems is being developed at a rapid, sturdy rate in North America. Cloud technology is also being developed at a rapid rate in North America, which is further expected to drive the clinical trial management systems market in the region.
Europe holds the second largest share in the global clinical trial management systems market and is likely to retain a sizeable share over the forecast period. The Asia Pacific market is also expected to exhibit substantial growth due to the growing contract research industry in the region, which has driven the demand for effective clinical trial management systems.
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