Clinical Trial Management Systems Market by Type, Application, Element, & by Region Global Trends and Forecast to 2024
This 2017 Clinical Trial Management Systems market report provides 2024 forecasts built using statistical analysis while covering data from primary research as well as secondary sources that help gain market insights and provide industry growth expectations.
Clinical Trial Management Systems (CTMS) market will exceed USD 2.4 billion by 2024, U.S. clinical trial management systems market was leading the industry owing to rising clinical trials registration along with increasing funds and grants provided for clinical research in the country. Presence of leading enterprise technology provider such as Oracle offering advanced trial management cloud solutions will further propel market growth.
Report Mainly focuses on the top Manufacturers in global market are given bellow
Medidata Solutions, Merge Healthcare, Oracle, MedNet Solutions, BioClinica, DATATRAK International, Parexel International and Forte Research Systems
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By Component
Software
Hardware
Services
By Product
Enterprise Based
Site Based
By Delivery Mode
Web, Cloud
On Premise
By End-use
Pharmaceutical & Biopharmaceutical Companies
Clinical Research Organizations [CROs]
Healthcare Providers
Web-based software solutions contribute to higher revenue share in 2016. Increased focus on direct patient care, reduced administrative tasks, minimized duplicate data entry, easy accessibility leading to improved productivity and increased efficiency of clinical trials are factors attributable to segmental growth. Cloud-based segment will witness lucrative growth over the coming years.
Services will show considerable growth over the coming years. This is attributable to increasing adoption of advanced clinical trial management solutions by pharma companies to streamline clinical development operation for new drug development.
Enterprise based solutions will grab higher revenue share during the forecast timeline. These systems emphases on targeted patient population and indication, investigator performance and improved patient safety thus allowing predictable trial execution and reducing cycle cost and time.
Rising usage of advanced clinical trial management solutions by healthcare providers to effectively manage administrative tasks and patient data will foster segmental growth in the future. Data integration and centralized data capabilities offered by CTMS are factors for increasing adoption by healthcare providers.
Germany clinical trial management systems market is anticipated to grow at a robust rate over the coming years. Favorable government support such as grants allotted by Federal Ministry Education and Research (BMBF) for establishment of clinical trial centers in the country will foster industry growth. Outsourcing of research services to provide insights on various aspects such as target validation, lead optimization and clinical trials management are other factors augmenting demand for CTM solutions.
Increasing number of clinical trials to launch safe and effective drugs in the market for treatment of various chronic diseases will drive China CTMS market growth. The sponsors are conducting clinical trials for various therapeutic areas owing to low-operating cost, large patient pool and transparent regulatory scenario in the country. Such factors will favor industry expansion over the coming years.
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The above information is provided on a regional and country basis for the following:
North America (U.S., Canada)
Europe (Germany, UK, France, Spain, Italy)
Asia Pacific (Japan, China, India, South Korea, Australia)
Latin America (Brazil, Mexico)
MEA (South Africa, Saudi Arabia, UAE)
Hospitals led the industry and will register more than 3.5% CAGR by 2024. This is attributable to increasing neurological disorders and growing demand for Clinical Trial Management Systems to treat patients suffering from neurovascular diseases. Canada Clinical Trial Management Systems market will witness significant growth due to increasing incidences and mortality associated with stoke in the country. Presence of The Canadian Neurovascular Health Society focused on research of neurovascular conditions and creating awareness among patients will favor business growth.
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