Clinical Trial Management System Market Outlook
The global clinical trial management system market’s historical growth trajectory is analyzed in the report to derive pointers as to the likely growth trajectory of the market over the forecast period. Major drivers and restraints affecting the global clinical trial management system market are studied in the report to provide readers with a clear overview of their likely impact on the market’s progression over the forecast period. Leading players in the global clinical trial management system market are also analyzed in the report to provide readers with a clear picture of the market’s competitive landscape.
Clinical trial management systems are used to keep track of the various activities taking place in clinical trials and record and store the data being generated in the trials. Modern clinical trial management systems are digital and assisted by powerful software to store all the relevant data securely and to provide any required data point whenever needed.
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The growing capacity of digital clinical trial management systems is likely to be a major driver for the global clinical trial management system market over the forecast period, as developments in software technology and programming have allowed for the development of more powerful clinical trial management systems that can record large amounts of data easily and retrieve the relevant content by the necessary parameters. The growing development of public and private cloud technology is also likely to be a major driver for the global clinical trial management system 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.
Competitive Analysis:
Leading players in the global clinical trial management system market include,
Oracle
Forte Research Systems Inc.
iWeb Technologies
Bioclinica
IBM
Bio-Optronics
PAREXEL
Medidata Solutions
and eClinForce Inc.
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Regional Analysis:
North America is likely to dominate the global clinical trial management system market over the forecast period due to the growing number of pharmaceutical industry giants in the region and the growing number of clinical trials being conducted in the region. The rapid growth of the healthcare sector in the region has made it a fertile ground for clinical studies, leading to a steady rise in the demand for clinical trial management solutions in the region. The growing prevalence of chronic diseases in North America is also likely to be a major driver for the clinical trial management system market in the region over the forecast period.
Europe is likely to account for the second largest market share due to its strong healthcare sector and the growing number of clinical trials in the region.
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)
…To be Continued.
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The growing reliance on clinical trials to develop effective medication for chronic diseases is likely to be a major driver for the global clinical trial management system market over the forecast period. The growing prevalence of chronic diseases has become a major burden on the healthcare systems around the world and is likely to drive research efforts in the coming years. This is likely to drive the clinical trial management system market at a healthy growth rate over the forecast period.
In March 2019, WCG launched a new suite called SiteReady. This suite provides clients effective clinical trial management services in addition to budget optimization, ethical review, and contract execution services.
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