The Infinium Global Research analyzes the report of Clinical Trails Management Systems Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Clinical Trails Management Systems Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global markets of Clinical Trails Management Systems.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Clinical Trails Management Systems Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. 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, Bio-Optronics, Integrated Clinical Solutions
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.
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.
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.
Major Key Players Mentioned in this Premium Report
Medidata Solutions, Inc.,
PAREXEL International Corporation,
Merge Healthcare Incorporated,
Integrated Clinical Solutions
The report delivers a strategic analysis of the global market for CTMS and growth forecast for the period from 2018 – 2024. The scope of the report includes competitive analysis of various market players who are operating in the market, segmental analysis based on type. It also covers geographical analysis of the market with growth forecast for the period of 2018 – 2024. The Porter’s Five Forces analysis and value chain analysis included in the report provides an insight into market dynamics and industry competition.
Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry and various business strategies adopted by them. This report will help players in global CTMS market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/clinical-trails-management-systems-ctms-market