Clinical Trials Management System Market Size worth $ 1,890.4 Million, Globally, by 2028 at 10.90% CAGR: Verified Market Research®
JERSEY CITY, NJ, January 3, 2022 / PRNewswire / – Verified Market Research recently published a report, “Clinical Trial Management Systems Market“By deployment mode (enterprise and on-premise), by delivery mode (Web CTMS (hosted), cloud-based CTMS (SaaS) and licensed enterprise CTMS (on-premise)), by end user (pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, and Medical Device Companies), by Component and Geography Based on verified market research, the Global Clinical Trial Management System market size was estimated to be $ 746.09 million in 2020 and should reach $ 1,890.4 million by 2028, with a CAGR of 10.90% from 2021 to 2028.
Download the PDF brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=2171
Browse the table of contents in depth to “Clinical Trial Management Systems Market“
202 – Pages
126 – Tables
37 – Figures
Global Clinical Trial Management System Market Overview
With the increasing demand from end users such as pharmaceuticals, the market is experiencing tremendous growth. Pharmaceutical companies are adopting clinical trial management systems at a faster pace to manage clinical trials in pharmaceutical and biotechnology research activities. Biotech and pharmaceutical companies invest heavily in R&D activities with huge investments. It is one of the major factors which encourage various companies to adopt the software tools and thus leads to the expansion of the market.
In addition, the growing demand for contract research organizations (CROs) to serve clinical trials. Many healthcare companies outsource clinical trials for on-time delivery, resulting in reduced administrative costs and cycle times. The complex problems associated with clinical trials can be solved with time efficiency, thereby generating effective results. Growing attention to the administration of new drugs has led to a proliferation of funding for clinical trials. Federal organizations such as the National Institute of Health (NIH) invest in various biotechnology and pharmaceutical projects. This, in turn, helps the market to lead with positive potential.
In addition, the increasing prevalence of chronic diseases across the world demands the development of an innovative drug portfolio that is fueling the market. The expiration of blockbuster drugs and the availability of government funds for clinical trials are other factors pushing the market to accelerate. In addition, in recent years, the major players in the industry have launched CTMS tools to improve the traditional performance and thus fierce competition in the industry, which is essential for the expansion of the market. However, the concerns are related to the budgeting of small and medium organizations.
- In december 2020, ERT released Data Insights, for the trial monitoring solution that was introduced to discover variability in collecting and managing endpoint data.
- In january 2020, Veeva System has launched Vault Payment, a new application for Vault CTMS, which helps in the management and reimbursement process of the clinical research site.
The main players in the market are Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Bioclinica, Inc., Bio-Optronics, Inc., Merge Healthcare Incorporated (an IBM company), Datatrak International, Inc., Veeva Systems, Inc ., DSG Inc. (Document Solutions Group), Eclinforce, Inc., ERT, Forte Research Systems, Inc., Mednet Solutions, Inc.
Verified market research segmented the global Clinical Trial Management System market on the basis of mode of deployment, mode of delivery, end-user, component, and geography.
- Clinical Trial Management Systems Market, By Deployment Mode
- Clinical Trial Management Systems Market, By Delivery Method
- Web Based CTMS (Hosted)
- Cloud-based CTMS (SaaS)
- Licensed company (on site) CTMS
- Clinical Trial Management Systems Market, By End User
- Pharmaceutical and biopharmaceutical companies
- Contract research organizations
- Medical device companies
- Clinical Trial Management Systems Market, By Component
- Clinical Trial Management Systems Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
Browse related reports:
Clinical Decision Support Systems (CDSS) Market By delivery method (stand-alone delivery system and cloud-based delivery system), by component (hardware, software and services), by application (clinical drug information, disease and condition management, clinical informatics and surveillance, and others), by end-User (clinics, hospitals, outpatient surgery centers and others), by geography, forecast, 2021-2028
Mobile ECG Systems Market By Type (Monitoring ECG Systems, Diagnostic ECG Systems), By Modality (Laptop, Pen, Tape), By End User (Personal Users, Hospitals & Clinics, Outpatient Services), By Geography, Forecast, 2021-2028
Preclinical CRO market By department (bioanalysis and DMPK studies, toxicology testing), by end use (biopharmaceutical companies, government and academic institutes, medical device companies), by geography, forecast, 2021-2028
IoT Medical Device Market By Product (Blood Pressure Monitor, Glucose Meter, Heart Monitor, Pulse Oximeter), By Application (Hospital & Clinic), By Geography, Forecast, 2021-2028
The best clinical trial supplies focus on medication safety
Visualize Clinical Trial Management System Market Using Verified Market Intelligence: -:
Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed forecasting trends and accurate information on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.
VMI provides a holistic overview and global competitive landscape with respect to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.
Verified Market Research is a leading global research and advisory firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering insightful research studies. We provide insight into strategic and growth analyzes, the data needed to achieve business goals, and critical revenue decisions.
Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study over 14 categories of Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals , automotive and transport, information and communication technology, software and services, information security, mining, minerals and metals, building & construction, agricultural industry and medical devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market ResearchÂ®
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768
E-mail: [emailÂ protected]
The Web: https://www.verifiedmarketresearch.com/
Follow us: LinkedIn | Twitter
SOURCE Verified market research