According to the latest report published by Variant Market Research, the global clinical trial management
system market size is projected to reach
$3,407 Million by 2024 from
$1,221 Million in 2016. In this report, clinical trial management
system market forecast says that
the global market is growing at 13.7% CAGR from 2017 to 2025.
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Growing product launches to drive the global market
The global clinical trial management system market trend includes growing number of clinical trials, growing
R&D investments, growing product launches, and requirement for accurate
data.
Though, lack of skilled professionals &
budget limitations may hinder the clinical trial management
system market
growth. Moreover, untapped
markets would provide an opportunity for players of clinical
trial management system market Industry.
Market Segmentations
The global clinical trial management
system market is classified into
component, mode of delivery, type, end-user, and geography. Component segment includes software and services.
Further, the market is classified on basis of mode of delivery into licensed enterprise (on-premise), web based (on-demand),
and cloud based (SaaS) segments. Type includes enterprise clinical trial management system & site
clinical trial management system. Further, end-user includes medical device
companies, pharmaceutical and biopharmaceutical companies, contract research
organizations, & others. North America (U.S., Mexico, and Canada), Europe
(France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, South
Korea, India, and Rest of Asia-Pacific) and RoW (Middle East, South America,
and Africa) are the key geographical regions included in this market.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/medical-devices/clinical-trial-management-system-market/toc
Software, by
component dominated the global market in 2017
Software held for the highest
market share in 2017, and expected to continue its dominance over the forecast
period, 2017– 2025, owing to high
usage and high adoption.
Cloud based (SaaS), by mode of delivery dominated the global market
in 2017
Cloud
based (SaaS) held for the highest market share in 2017, and expected to continue its
dominance over the forecast period, 2017–
2025. It
permits for high customization as per requirement, quicker turnaround time, as
well as low costs, which is
the driving factor for the growth of segment.
Pharmaceutical and biopharmaceutical sector, by end-user dominated the global
market in 2017
Pharmaceutical
and biopharmaceutical sector held for the highest market share in 2017, and expected to continue its
dominance over the forecast period, 2017–
2025. High adoption of CTMS software through drug clinical trials by
many pharmaceutical & biopharmaceutical companies is the driving
factor for the growth of segment.
Asia-Pacific is estimated to witness fastest
CAGR from 2017 to 2025
Asia-Pacific is predicted to grow at a fastest CAGR
of over the forecast period 2017 to 2025. The growth is attributed to the better infrastructure, growing outsourcing of clinical
trials, & high need for digitalization.
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Competitive Landscape
Key players are offering
innovative products and services to increase their clinical trial management
system market share. Major players of the market are
Guger Technologies Inc., Oracle Corporation,
ICON plc, Medidata Solutions Inc, Mednet Solutions, Parexel International
Corporation, Bioclinica, DATATRAK International, Inc., BioOptronics, Inc., and
Forte Research Systems, among others.
Scope of Clinical Trial
Management System Market
Component Segments
- Software
- Services
Type Segments
- Enterprise
Clinical Trial Management System
- Site
Clinical Trial Management System
Mode of delivery
Segments
- Web
Based (On-Demand)
- Licensed
Enterprise (On-Premise)
- Cloud
Based (SaaS)
End-User Segments
- Pharmaceutical
and Biopharmaceutical Companies
- Contract
Research Organizations
- Medical
Device Companies
- Other
End-Users
Geographical Segments
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Others
- Asia-Pacific
- India
- China
- Japan
- South
Korea
- Others
- RoW
- South
America
- Middle
East
- Africa
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Variant Market
Research offers syndicated and customized reports to fulfill clients'
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& Power, Defense & Aerospace and Banking, Financial services and
Insurance (BFSI). Our expertise are data triangulation, competitor
benchmarking, parent market benchmarking, estimating market size and forecast
of the market from 2016 to 2024.
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