The software and tools used to manage clinical trials are known as clinical trial management systems (CTMS). CTMS helps to reduce time and money and provide benefits such as secure real time access of data from multiple locations. There are two types of CTMS: cloud-based clinical trial management systems and on-premise clinical trial management systems.
Cloud-based CTMS offer 24x7 access to clinical trial data at any time, data administration, data security, data access from various client locations, sharing of information and technical support with advanced tools and trained staff. On-premise CTMS provides more security of data as it is stored and maintained at on-site or client locations. Moreover, on-premise CTMS provide customization in software as per business needs or client requirement, control on software upgrades and easy sharing of clinical trials data in-house in case of lack of connectivity across locations.
Market Dynamics
Increasing number of clinical trials and R&D across the globe are expected to fuel growth of the CTMS market, especially in developed regions. Furthermore, rising demand for CTMS for managing multiple clinical trials is expected to create opportunities for manufacturers to develop technologically advanced CTMS. This has led to an increase in demand for CTMS in contract research organizations, which is expected to drive growth of the clinical trial management systems (CTMS) market over the forecast period. For instance, in May 2019, COMBACTE launched clinical trial management system (CTMS). This new CTMS offers a professional tool for COMBACTE’s CLIN-Net team to optimize management of trials. Moreover, in March 2018, Theradex Oncology launched a clinical trial management system (CTMS) which is used to combine data & processes, and generate report on single platform. Furthermore, in January 2019, PHARMASEAL, a provider of clinical trial management and governance solutions launched Engility CTMS, a new generation clinical trial management system (CTMS).
The pharmaceutical sector is highly competitive and companies are focusing on expanding their consumer base in emerging economies. Furthermore, there is increasing demand for CTMS from companies worldwide as these systems help with the process of obtaining regulatory approvals for drug development and testing.
The cost for conducting clinical trials in emerging markets is comparatively low as compared to developed markets, therefore most of the global companies are focused on expansion of their CROs’ in the Asia Pacific region, which is expected to facilitate growth of the market in this region. For instance, in January 2018, the contract research organization (CRO), Biorasi, has opened its regional office in Japan to expand its clinical trial operations in Asia Pacific region.
Key features of the study:
- This report provides in-depth analysis of the clinical trial management systems market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2019–2027)
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline drugs, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global clinical trial management systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
- Key companies covered as a part of this study include Medidata Solutions Inc., OpenClinica LLC., Forte Research Systems, Inc., Oracle Corporation, Datatrak International, Inc., Medrio, Inc., Parexel International Corporation, Bioclinica, Veeva Systems, and Crucial Life Sciences Data Solutions Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, market expansions, and marketing tactics
- The global clinical trial management systems market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, CROs, medical device companies, new entrants, and financial analysts
- Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the clinical trial management systems market
Detailed Segmentation:
- Global Clinical Trial Management System Market, By Mode of Delivery:
- Global Clinical Trial Management System Market, By Offering:
- Global Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Global Clinical Trial Management System Market, By Region:
- North America
- North America Clinical Trial Management System Market, By Mode of Delivery:
- North America Clinical Trial Management System Market, By Offering:
- North America Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- North America Clinical Trial Management System Market, By Country:
- Europe
- Europe Clinical Trial Management System Market, By Mode of Delivery:
- Europe Clinical Trial Management System Market, By Offering:
- Europe Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Europe Clinical Trial Management System Market, By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Asia-Pacific Clinical Trial Management System Market, By Mode of Delivery:
- Asia-Pacific Clinical Trial Management System Market, By Offering:
- Asia-Pacific Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Asia-Pacific Clinical Trial Management System Market, By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia-Pacific
- Latin America
- Latin America Clinical Trial Management System Market, By Mode of Delivery:
- Latin America Clinical Trial Management System Market, By Offering:
- Latin America Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Latin America Clinical Trial Management System Market, By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Middle East Clinical Trial Management System Market, By Mode of Delivery:
- Middle East Clinical Trial Management System Market, By Offering:
- Middle East Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Middle East Clinical Trial Management System Market, By Country:
- GCC
- Israel
- Rest of Middle-East
- Africa
- Africa Clinical Trial Management System Market, By Mode of Delivery:
- Africa Clinical Trial Management System Market, By Offering:
- Africa Clinical Trial Management System Market, By End User:
- Healthcare Companies
- Contract Research Organizations (CROs)
- Medical Device Companies
- Others (Research Institutes, Hospitals, etc.)
- Africa Clinical Trial Management System Market, By Country:
- North Africa
- Central Africa
- South Africa
- Company Profiles
- Medidata Solutions Inc.*
- Company Overview
- Product Portfolio
- Market Presence
- Financial Overview
- Key Developments
- Strategies
- OpenClinica LLC
- Forte Research Systems, Inc.
- Oracle Corporation
- Datatrak International, Inc.
- Medrio, Inc.
- Parexel International Corporation
- Bioclinica
- Veeva Systems
- Crucial Life Sciences Data Solutions Inc.
“*” marked represents similar segmentation in other categories in the respective section.
