Clinical Trial Management System Market forecast to hit $2bn by 2024: Global Market Insights Inc. The report “(CTMS) Clinical Trial Management System Market Size By Component (Software, Hardware, Services), By Product (Enterprise Based, Site Based), By Delivery Mode (Web, Cloud, On Premise), By End Use (Pharmaceutical & Biopharmaceutical Companies, Clinical Research Organizations, Healthcare Providers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Poland, Russia, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc., Clinical Trial Management System Market size is projected to hit USD 2 billion by 2024. Rapid economic progress coupled with favorable government regulations for drug approvals will push CTMS market size in emerging economies. High investments in clinical research activities are expected to boost the demand for clinical trial management systems (CTMS) across pharmaceuticals & biopharmaceuticals firms, clinical research organizations, and healthcare sectors. In addition, rising occurrence of chronic ailments plus the increasing scope of clinical trials outsourcing is forecast to promote the business growth over the coming seven years.
CTMS market is segmented into site based clinical trial management system and enterprise based clinical trial management system. Enterprise based industry, which accounted for more than 70% of the total revenue in 2015, is anticipated to grow considerably over the coming timeframe, driven by its ability to provide specialized services. Site based CTMS is projected to contribute considerably towards the global industry share over the coming seven years. Pharmaceuticals & Biopharmaceuticals application, which dominated the end-use application landscape in 2015, is forecast to hit USD 1.4 billion by 2024. Tremendous efforts by market players to manufacture new medicines for treating chronic ailments is expected to boost the revenue. CTMS industry size in clinical research organizations is expected to grow at a rate of 14% over 2016-2024, driven by rise in clinical trial outsourcing activities along with high investments in R&D for clinical research business. China CTMS industry revenue is forecast to produce more than USD 270 million by 2024. Government initiatives to establish research centers along with high spending 1|Page
on research activities across pharmaceuticals, life sciences, and clinical research sectors will drive regional growth.
Europe Clinical Trial Management System Market share, by component, 2012-2024 (USD Million)
Browse key industry insights spread across 105 pages with 92 data tables & 6 figures & charts from this 2017 report Clinical Trial Management System Market in detail along with the table of contents: https://www.gminsights.com/industry-analysis/clinical-trial-management-systemctms-market Beneficial regulations such as allocation of funds for NIH, NCI, and FDA to carry out intense research and develop new healthcare solutions will propel U.S. clinical trial management system market value over the next few years. Brazil CTMS industry is forecast to cross USD 55 million by 2024, driven by new breakthroughs in clinical research, growing popularity of biomedical equipment, and enhanced use of modern healthcare systems. Government rules supporting clinical research are expected to boost CTMS market expansion in Germany over the years to come. Germany CTMS industry revenue is forecast to hit USD 180 million by 2024. India clinical trial management system market value, which was estimated at USD 50 million in 2015, is anticipated to witness a remarkable growth over the coming years. Technological advancements in healthcare coupled with increasing investment in clinical research activities is projected to spur the regional revenue.
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Key industry players include eClinForce Incorporation, MedNet Solutions Incorporation, Forte Research Systems Incorporation, Medidata solutions, Bio-Optronics Incorporation, PAREXEL International Corporation, Merge Healthcare Incorporation, VEEVA Systems, Oracle Corporation, and BioClinica Company.
Segmentation of CTMS Market: Clinical trial management system market research report includes in-depth coverage of the industry with estimates & forecast in terms of value and volume in USD million from 2012 to 2024, for the following segments: CTMS Market, By Component o o o
Software Hardware Services
CTMS Market, By Product o o
Enterprise Based Site Based
CTMS Market, By Delivery Mode o o o
Web Cloud On Premise
CTMS Market, By End Use o o o
Pharmaceutical and Biopharmaceutical Companies Clinical Research Organizations Healthcare Providers
The above information is provided on a regional and country basis for the following: o
o
North America o U.S. o Canada Europe o Germany o UK o France o Poland o Russia
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o
o
o
Asia Pacific o China o Japan o India o South Korea o Taiwan Latin America o Brazil o Mexico MEA o
South Africa
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