Healthcare

Clinical Trial Management System Market is Anticipated to Reach a Value of US$ 3.2 Billion by 2025

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Global Clinical Trial Management System Market: Overview

A clinical trial management system (CTMS) is a software solution targeted at the life sciences industry. Clinical trial management solution is primarily employed to manage a large amount of data involved in a clinical trial including planning, preparation, and performance and reporting. The system emphasizes keeping up-to-date contact information of participants and tracking deadlines for interim reports and regulatory approvals. In some cases, CTMS may also provide data to a business intelligence system, which acts as a digital dashboard for trial managers. It provides a user-friendly infrastructure that enables clinicians to manage trials of varying complexity. However, lack of awareness, longer approval time of clinical trials, and strict regulations to enroll patients for clinical trials restrict the expansion of the market.

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The global clinical trial management system report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on mode of delivery, component, type, end-user, and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global clinical trial management system market.

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Global Clinical Trial Management System Market: Key Segments

Based on mode of delivery the global clinical trials management system market can be segmented into on-premise, web-based, and cloud-based. In terms of component, the global clinical trials management system market can be classified into software, hardware, and services. In addition, the global clinical trials management system market has been classified into enterprise-based, site-based clinical trial management system. Furthermore, the global clinical trial management system has been categorized into pharmaceutical industries, contract research organizations and healthcare providers. The global clinical trial management system market has been analyzed based on number of clinical trials performed, technology trend, expenditure on emergent technology, and presence of key players in the region. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Clinical Trial Management System Market: Regional Outlook

In terms of geography, the global clinical trials management system market can be categorized into North America (the U.S., Canada), Europe (the U.K., Germany, France, Russia, Poland, and Rest of Europe), Asia (China, India, South Korea, Taiwan, and Rest of Asia), and Rest of the World. The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

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Companies Mentioned in Report

The report also profiles major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the clinical trials management system are Oracle, Medidata, and Parexel International Corporation (now part of Pamplona Capital Management LLC),  International Business Machines Corporation, Cinven, MedNet Solutions, Inc., Microsoft, Apple Inc., Wipro Limited, Bio-Optronics Inc., Cognizant Technology Solutions Corporations, DSG, Inc., Forte Research Systems, Inc., Veeva Systems, DATATRAK Int, and others.

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