June 20, 2020, 12:25 p.m. EDT

Clinical Trial Management System Market | Global Industry Overview, Scope, Assessment, Predicted to Accelerate the Growth by 2020-2025

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Jun 20, 2020 (Market Insight Reports) -- The updated research report on "Clinical Trial Management System Market" presents crucial information like market share, size, and growth rate. It offers insights on the driving factors, hampering aspects, challenges, opportunities, and trends including details on market segments and sub-segments.

Clinical Trial Management System Market Overview and Introduction:

The management of clinical trials as an individual entity is an extremely cumbersome procedure, as it involves gathering, processing, and reporting several forms of data. The clinical trial management system, assists in maintenance, planning, administration and management of participant contact information, tracking deadlines, milestone and documentation of other vital information related to clinical trials. These software improves efficiency of work flow & data flow processes and simultaneously saves labor, time and operational expenses.

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Rapid growth in the number of clinical trials performed every year is considered to be a major contributing factor growth of the global market. Similarly, increasing investments in the sector of R&D coupled with rising incidences of chronic disorders worldwide is anticipated to present a lucrative scenario for the extensive growth of this market. However, budget constraints for start-ups and small-to-medium-sized enterprises (SMEs) to purchase clinical trial management systems, is likely to restrain the market to certain extent.

Clinical Trial Management System Market by Type, Delivery Mode, Component:

On the basis of type, this market is segmented into site and enterprise. Wide scale adoption of enterprise clinical trial management systems by majority of end users is anticipated to contribute significantly to the largest revenue share of this segment. Similarly the segment of delivery mode is classified into web-based (hosted), cloud-based (SAAS), and licensed enterprise (on premise). The segment of web-based (hosted), clinical trial management system is estimated to account for the largest share of the global market, owing to ease of access, improved quality of clinical trial management, and productivity, these systems provide. The component segment of the global market can be briefly segmented into services and software.

Clinical Trial Management System Market by Regions:

The global market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of clinical trial management system, followed by Europe and Asia Pacific. North America will continue to dominate the global market in the forecast period owing to factors such as highly developed healthcare system, abundant number of ongoing clinical trials, presence of private and public funding in the sector of R&D and technological advancements among others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries, avaibility of diverse patient population, continual growth of the biopharmaceutical industries and supportive regulatory guidelines for clinical trials are driving the growth of the clinical trial management system market in this region.

Clinical Trial Management System Market Prominent Players:

The prominent players in the global market are Oracle, Parexel, Bio-Optronics, IBM, Bioclinica, Medidata, Mednet Solutions, Veeva Systems, Mastercontrol and DZS Clinical Services among others

Table of Content:

Chapter One: Introduction

  • Market Definition

  • Market Ecosystem

  • Market Classification

  • Geographic Scope

  • Years Considered for the Study

  • Historical Years - 2016 & 2017

  • Base Year - 2018

  • Forecasted Years - 2019 to 2030

  • Currency Used

Chapter Two: Research Methodology

  • Research Framework

  • Data Collection Technique

  • Data Sources

  • Secondary Sources

  • Primary Sources

  • Market Estimation Methodology

  • Bottoms Up Approach

  • Top Down Approach

  • Data Validation and Triangulation

  • Market Forecasting Model

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