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.

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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.

Key developments

  • 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.

Key players

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
    • Others
  • Clinical Trial Management Systems Market, By Component
  • Clinical Trial Management Systems Market By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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