Clinical Trial Management System Market size worth $ 1890.4 Million, Globally, by 2028 at 10.90% CAGR: Verified Market Research®

JERSEY CITY, N.J., Jan. 3, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Clinical Trial Management System Market" By Deployment Mode (Enterprise and On-site), By Delivery Mode (Web-Based (Hosted) CTMS, Cloud-Based (SaaS) CTMS, and Licensed Enterprise (On-Premise) CTMS), By End User (Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, and Medical Device Companies), By Component, and By Geography. According to Verified Market Research, the Global Clinical Trial Management System Market size was valued at USD 746.09 Million in 2020 and is projected to reach USD 1890.4 Million by 2028, growing at a CAGR of 10.90% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=2171

Browse in-depth TOC on "Clinical Trial Management System Market"

202 - Pages
126 – Tables
37 – Figures

Global Clinical Trial Management System Market Overview

With the rising demand from end-user such as Pharmaceuticals, the market is experiencing tremendous growth. The pharmaceutical companies are adopting the Clinical Trial Management Systems at a faster pace in order to manage the clinical trials as part of pharmaceutical and biotechnology research activities. The biotechnology and pharmaceutical companies are highly investing in R&D activities with huge investments. This is one of the major factors that encourage various companies to adopt the software tools and thereby leads to market expansion.

In addition, the rising demand for contract research organizations (CROs) to serve the clinical trials. Many numbers of healthcare firms are outsourcing clinical trials for on-time delivery, which leads to decreased administrative costs and reduced cycle times. The complex problems associated with the clinical trials can be resolved with time effectivity thereby generating effective results. The increasing focus of new drug delivery has proliferated funding for clinical trials. Federal organizations such as the National Institute of Health (NIH) are investing in various biotechnology and pharmaceutical projects. This, in turn, contributes to the market to drive with positive potential.

Additionally, the increasing prevalence of chronic diseases across the globe is demanding the development of an innovative drug portfolio that fuels the market. The expiry of the blockbuster drugs and the availability of government funds for clinical trials are other factors that impel the market to accelerate. Moreover, in recent years the leading players in the industry have launched CTMS tools to boost the traditional performance and thereby fierce competition in the industry vital role in the market expansion. However, the concerns are related to the budgeting for small and mid-sized organizations.

Key Developments

• In December 2020, ERT launched Data Insights, for the Trial Oversight Solution that has been introducing to discover variabilities during collection and manage endpoint data.
• In January 2020, Veeva System launched Vault Payment, a new application for Vault CTMS, which helps in managing and reimbursement process to the clinical research site.

Key Players

The major players in the market are Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Bioclinica, Inc., Bio-Optronics, Inc., Merge Healthcare Incorporated (An IBM Company), Datatrak International, Inc., Veeva Systems, Inc., DSG Inc. (Document Solutions Group), Eclinforce, Inc., ERT, Forte Research Systems, Inc., Mednet Solutions, Inc.

Verified Market Research has segmented the Global Clinical Trial Management System Market On the basis of Deployment Mode, Delivery Mode, End User, Component, and Geography.

• Clinical Trial Management System Market, By Deployment Mode
• Enterprise
• On site
• Clinical Trial Management System Market, By Delivery Mode
• Web-Based (Hosted) CTMS
• Cloud-Based (SaaS) CTMS
• Licensed Enterprise (On Premise) CTMS
• Clinical Trial Management System Market, By End User
• Pharmaceutical and Biopharmaceutical Companies
• Contract Research Organizations
• Medical Device Companies
• Others
• Clinical Trial Management System Market, By Component
• Software
• Services
• Clinical Trial Management System Market by Geography
• North America
• U.S.A
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Clinical Decision Support System (CDSS) Market By Delivery Mode (standalone delivery system and cloud-based delivery system), By Component (hardware, software, and services), By Application (clinical drug information, disease and condition management, clinical informatics and surveillance, and others), By End-User (Clinics, Hospitals, Ambulatory Surgical Centers, and Others), By Geography, Forecast, 2021-2028

Mobile ECG Systems Market By Type (Monitoring ECG Systems, Diagnostic ECG Systems), By Modality (Handheld, Pen, Band), By End User (Personal Users, Hospital & Clinics, Ambulatory Services), By Geography, Forecast, 2021-2028

Preclinical CRO Market By Service (Bioanalysis And DMPK Studies, Toxicology Testing), By End Use (Biopharmaceutical Companies, Government And Academic Institutes, Medical Device Companies), By Geography, Forecast, 2021-2028

IoT Medical Devices Market By Product (Blood Pressure Monitor, Glucometer, Cardiac Monitor, Pulse Oximeter), By Application (Hospital and Clinic), By Geography, Forecast, 2021-2028

Top Clinical Trial Supplies focussing on safety of drugs

Visualize Clinical Trial Management System Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research