Overview:
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.
Expected Revenue Growth:
The clinical trial management system market is projected to reach USD 1,590 Million by 2025 from USD 801 Million in 2020, at a CAGR of 14.7 % the forecast period.
Growth Boosting Factors:
Growth in this market is primarily driven by rising industry-academia collaborations, the increasing number of clinical trials, rising technology adoption, and government support for research trials.
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Data Triangulation:
After deriving the overall clinical trial management system market value data from the market size estimation process, the total market value data was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various qualitative and quantitative variables as well as by analyzing regional trends for both the demand- and supply-side macroindicators.
Global Industry Dynamics:
Based on Deployment mode, enterprise-wide segment to register significant growth during the forecast period.
Based on the deployment mode, the clinical trial management system market is segmented into enterprise-wide and on-site CTMS. The enterprise-wide segment accounted for the largest share in the year 2019. The large share of this segment can be attributed to its widespread adoption by the majority of end-users due to its benefits.
Based on Delivery mode, the web-based segment is expected to account for the largest share of the clinical trial management system market in 2019
Based on the delivery mode, the clinical trial management system market is segmented into web-based (on-demand), licensed enterprise (on-premises), and cloud-based (SaaS) CLINICAL TRIAL MANAGEMENT SYSTEM . Among these, the trauma and hairline fractures sub-segment dominated the market in 2019. The large share of this segment can be attributed to the advantages offered by web-based software, such as easy access, improved productivity, and time and cost-efficiency.
The software segment is expected to account for the largest share during the forecast period
Based on product & service, the clinical trial management system market is segmented into software and services. Rising R&D expenditure, an increasing number of clinical trials, and the growing adoption of clinical trial management solutions are some of the key factors driving the growth of the software market.
The small & mid-sized pharma-biotech companies segment is expected to register the highest CAGR during the forecast period
Based on end-users, the clinical trial management system market has been segmented based on end-user category—large pharma-biotech companies, small & mid-sized pharma-biotech companies, CROs, medical device manufacturers, and other end users. Due to rising pressure of R&D costs, outcomes-based reimbursement, and stricter regulations imposed on large pharma companies, a part of their R&D functions is outsourced to smaller pharmaceutical companies, which increases the growth of companies in this category.
Geographical Growth Scenario:
North America is expected to dominate the global clinical trial management system market in 2019
North America, comprising the US and Canada, accounted for the largest share of the clinical trial management system market in 2019. The large share of this region can primarily be attributed to factors such as the high number of ongoing clinical trials (especially in the US), the presence of leading players from both the demand and supply sides, and the presence of a favorable government funding scenario for clinical research.
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Key Players:
Oracle Corporation (US), Medidata Solutions (US), Parexel International (US), Bioclinica (US), and IBM (US), Bio-Optronics (US), Datatrak (US), Veeva Systems (US), DSG (US), MasterControl (US), ERT (US), Advarra Technology Solutions (US), MedNet Solutions (US), ArisGlobal (US), DZS Clinical Services (US), Crucial Data Solutions (US), Ennov (France), DataStat (US), and RealTime Software Solutions LLC (US) among others are some of the major players operating in the global clinical trial management system market.
Industry OVERVIEW OF Clinical Trial Management System (CTMS) MARKET 2020 TO 2026:The market intelligence report on the Global Clinical Trial Management System (CTMS) Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Clinical Trial Management System (CTMS) Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.If you are a Clinical Trial Management System (CTMS) vendor than this article will help you understand the Sales Volume with Impacting Trends.
To get this report with detailed market information, tables, charts, graphs, etc., reach us here: @ https://www.reportsanddata.com/sample-enquiry-form/469In market segmentation by manufacturers, the report covers the following companies-Oracle Corporation, Merge Healthcare Incorporated, Medidata Solutions, PAREXEL International Corporation, MedNet Solutions, Bio-Optronics, Forte Research Systems, ERT Clinical, DATATRAK International, BioclinicaFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Clinical Trial Management System (CTMS) market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Clinical Trial Management System (CTMS) market report by referring to the data provided by leading companies.In market segmentation by types of Clinical Trial Management System (CTMS), the report covers-Web-based CTMSLicensed Enterprise CTMSCloud-based CTMSIn market segmentation by applications of the Clinical Trial Management System (CTMS), the report covers the following uses-Pharmaceutical & Biopharmaceutical CompaniesContract Research OrganizationsMedical Device CompaniesHospitalsAcademic Research CentersThe following years are used in this study to estimate the size of the Clinical Trial Management System (CTMS) market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
