Clinical Trails Management Systems Market Revenue, Opportunity, Segment and Key Trends 2018-2024
Clinical Trails Management Systems Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Clinical Trails Management Systems Market by type (hardware, software, services), delivery mode ( cloud-based, web based, on-premise),end user (pharmaceutical and biotechnology companies, clinical research organizations, healthcare providers) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Clinical Trails Management Systems Market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024. Some of the prominent participants in the Global Clinical Trails Management Systems Market are Medidata Solutions, Inc, PAREXEL International Corporation, BioClinica Inc, Merge Healthcare Incorporated, MedNet Solutions, Oracle Corporation,
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The global clinical trial supply and logistics for pharmaceutical industry market was worth USD 16,210.32 million in 2017 and it is projected to reach USD 26,271.99 million in 2024, expanding at a CAGR of 7.16% between 2018 and 2024. Rising number of clinical trials, emergence of contract research organizations (CRO) and contract manufacturing organizations (CMO) are the primary factors which drive the growth of the global market over the forecast period. On the other hand, long clinical trial approval time, stringent regulatory policy would likely to restrain the growth of the market. Mergers and Acquisitions and R&D investments will enlighten the opportunities for global clinical supply and logistics market to grow in future.
The emergence of Contract Research Organizations Primarily Drive the Global Clinical Trial Supply Chain and Logistics Market for Pharmaceutical Industry
Pharmaceutical service organizations offer varieties of services to drug developers or other clinical trial sponsors (such as contract research organizations, healthcare providers) that consist of crucial part of clinical trial supply chain. From the same perspective, Infinium Global Research has figured out three core segments- clinical trial logistics and distribution services, clinical trial manufacturing and packaging services, and supply chain management services. Rising number of clinical trials by pharmaceutical industries, contract research organizations, and healthcare providers, and emergence of contract research organizations primarily drive the global clinical trial supply chain and logistics market for pharmaceutical industry.
During the early phases of clinical trials, when the number of patients and tests are small, in-house or home-grown program are usually used to handle and analyze their patient data. In later phases, data volumes and complexity grown significantly, forcing various organizations to adopt more comprehensive software. Available software includes budgeting, patient management, compliance with government regulations project management, financials, patient management and recruitment, investigator management, regulatory compliance and compatibility with other systems such as electronic data capture and adverse event reporting systems. VOXCE is the first open source clinical trial management framework and CTMS to offer truly complete control of data collection, operations and analysis, providing the ability to manage patients from enrollment to withdraw, conduct multicenter clinical trials and research projects from inception to market or bedside on a global scale, manage data operations, etc.
North America Accounted for the Largest Market Share in the Global Market
North America accounted for the largest market share in the global market in 2016 and 2017. The growth in the region is mainly driven by increasing number of clinical trials, and presence of top CRO and CMO in North America region. Asia-Pacific is expected to growth at the highest CAGR of X.X% over the forecast period.In addition to pharmaceutical and biotechnology industries, CTMSs are widely used at sites where clinical research is conducted such as research hospitals, physician practices, academic medical centers and cancer centers.
Key contributing factors for the growth of this market include increasing spending on research and development in the clinical study, increasing government support for clinical research, large number of drugs going off-patent, increasing number of companies involves in clinical research, growing complexity of patient data involved in clinical study and more accurate along with the time saving documentation process with the implementation of CTMS.
Table of Contents:-
1. Scope of the report
1.1 Report description
1.2 Research methodology
1.3 List of abbreviations
1.4 Market segmentation
2. Executive Summary
3. Wearable Technology Roadmap
4. Qualitative Analysis
4.1 Market overview
4.2 Porters five forces analysis
4.3 Value chain analysis
4.4 Competitive matrix of the key companies
5 Global Clinical Trial Management Systems Market, by Type (Value and Volume), 2017 – 2023
6. Global Clinical Trial Management Systems Market, by Delivery Mode (Value and Volume), 2017 – 2023
6.2 Web based
7. Global Clinical Trial Management Systems Market, By End User (Value and Volume), 2017 – 2023
7.1 Pharmaceutical and biotechnology companies
7.2 Clinical research organizations
7.3 Healthcare providers
8. Global Clinical Trial Management Systems Market, By Geography, 2017 – 2023
8.1 North America
8.4 Rest of the World
9. Company Profiles
9.1 Medidata Solutions, Inc.
9.2 PAREXEL International Corporation
9.3 BioClinica Inc.
9.4 Merge Healthcare Incorporated
9.5 MedNet Solutions
9.6 Oracle Corporation
9.8 Integrated Clinical Solutions
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