Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019
Persistence Market Research
Global Clinical Trial Management System Market: Asia to Witness Highest Growth by 2019: Persistence Market Research
Persistence Market Research
1
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 Persistence Market Research Released New Market Report “Global Market Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019� the global clinical trial management system market was valued at USD 844.0 million in 2013 and is expected to grow at a CAGR of 14% from 2014 to 2019, to reach an estimated value of USD 1,848.5 million in 2019.
Clinical trial is a medical research study performed on humans to check the safety and efficacy of drugs, devices and therapeutic products before they are finally launched in the market. Globally, the CTMS market is witnessing significant growth due to increasing R&D investment in pharmaceutical, life science and clinical research industries. It empowers organizations and research centers to enhance productivity and effectiveness of clinical trials by advancing and managing clinical trials. Integration of CTMS with hospital information system (HIS) provides more accurate and time saving documentation is also driving growth for the CTMS market. Additionally, increasing prevalence of diseases is supporting clinical trials in different regions, and increased clinical research outsourcing is playing a major role in the growth of the CTMS market. Increasing regulatory requirements in many countries has resulted in increased complexity for clinical trial protocols. Presence of various end users such as pharmaceuticals, clinical research organizations (CRO) and healthcare providers has increased the acceptance of CTMS. The global CTMS market was estimated to be USD 844 million in 2013. It is likely to grow at a CAGR of 14% during 2013 to 2019 to reach USD 1,848.5 million in 2019.
Browse the full Global Market Study on Clinical Trial Management System: Asia to Witness Highest
Growth
by
2019
report
at
http://www.persistencemarketresearch.com/market-
research/clinical-trial-management-system-market.asp
North America is a traditional clinical trial region. Due to regulatory and legal considerations and the clinical trial Management System market has shifted from North America to developing countries such as India and China. Clinical trials in the U.S. have been funded and sponsored by National Institute of Health (NIH), other government agencies, academic groups, voluntary health organizations and industry.
In Europe, countries in Central and Eastern Europe provide abundant chance to life science companies for clinical development. Due to governmental support and funding for biomedical sciences, Germany has become a preferred location for clinical trials.
Persistence Market Research
2
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 However, Asia is the fastest growing region in the clinical trial management system market.. Improved industry regulatory laws and patent expiration laws in various countries including Japan, China and India, have led to the expansion of the clinical trials market in Asia. Asia has lower cost of conducting clinical trials compared to Europe or the U.S.
Some of the major players in the CTMS market are Oracle Corporation, Bio-Optronics, MedNet Solutions, PAREXEL International Corporation, Medidata Solutions and BioClinica
The clinical trial management system market is segmented as follows:
Clinical Trial Management System Market, By Delivery Mode •
Cloud based clinical trial management system
•
Web based clinical trial management system
•
On-premise clinical trial management system
Clinical Trial Management System Market, By Type •
Enterprise based clinical trial management system
•
Site based clinical trial management system
Clinical Trial Management System Market, By End user •
Pharmaceuticals
•
Clinical Research Organizations
•
Healthcare providers
Clinical Trial Management System Market, By Components •
Software
•
Hardware
•
Services
Persistence Market Research
3
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 Clinical Trial Management System Market, by Geography •
North America U.S.
•
Europe Germany France U.K. Russia Poland
•
Asia China South Korea Taiwan India
•
Rest of the World (RoW)
Market History: Clinical trial management system (CTMS) is a software solution for proper management, storage and analysis of drugs associated clinical data. Globally, the microfluidic device market is witnessing significant growth due to increasing R&D investment in pharmaceuticals, life science and rising point of care testing demand. New trends in healthcare, such as health care at home, supports point of care testing (POCT) as the most efficient and effective delivery of healthcare. Additionally, the microfluidic technique has evolved into a new classification of research areas, targeting integration of laboratory protocols into miniaturized devices called lab on chip. Miniaturization reduces the cost for screening compounds in pharmaceutical companies for cell biology problems. Microfluidic devices offer various advantages for genomics including improved test speed, reduced reagent consumption and efficacy. Presence of various end users such as pharmaceuticals, clinical research
Persistence Market Research
4
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 organizations (CRO) and healthcare providers has increased the acceptance of CTMS. The CTMS market was estimated to be USD 844 million in 2013. It is likely to grow at a CAGR of 14% during 2013 to 2019 to reach USD 1,848.5 million in 2019. North America has the largest market share in the global CTMS market. Web based CTMS is the largest mode of delivery and pharmaceutical industry is the largest end user of CTMS. In terms of growth, Asia is the fastest growing region, cloud based CTMS is the fastest growing mode of delivery and CRO’s are the fastest growing end users of CTMS. North American market for CTMS was estimated at USD 514.4 million in 2013 and is expected to reach USD 1,107.5 million in 2019, growing at a CAGR of 13.6% from 2013 to 2019. Web based CTMS was estimated at USD 603.4 million in 2013 and is expected to reach USD 1,392.1 million in 2019, growing at a CAGR of 15% from 2013 to 2019. Software segment was estimated at USD 585 million in 2013 and is expected to reach USD 1,274.2 million in 2019, growing at a CAGR of 13.9% from 2013 to 2019.
Persistence Market Research
5
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019
Table of Content Chapter 1 Preface 12 1.1 Report Description 12 1.2 Research Methodology 13 1.3 Assumptions 13 Chapter 2 Market Synopsis 14 Chapter 3 Porter Five Forces Analysis 16 3.1 Bargaining power of suppliers 16 3.2 Bargaining power of buyers 16 3.3 Threat of new entrants 17 3.4 Threat of substitutes 17 3.5 Intensity of rivalry 17 Chapter 4 Industry Overview 18 4.1 Market Definition 18 4.2 Market Drivers 20 4.2.1 Increasing research and development (R&D) investment in the pharmaceutical industry 20 4.2.2 Increasing prevalence of disease is supporting importance of clinical trials in different regions of the world 22 4.2.3 Assimilation of clinical trial management systems with Hospital Information System (HIS) 22 4.2.4 Increased clinical research outsourcing and implementation of clinical trials by contract research organizations 23 4.3 Impact Analysis of Market Drivers 24 4.4 Market Restraints 24 4.4.1 Longer approval time for clinical trials 24 4.4.2 Strict regulations to enrol patients for clinical trials 25 4.5 Impact Analysis of Market Restraints 26
Persistence Market Research
6
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 4.6 Market Trends 26 4.6.1 Rising number of collaborations and partnerships 26 4.6.2 Increasing number of mergers and acquisitions 27 Chapter 5 Global Market Size and Forecast 29 Chapter 6 Market Size and Forecast by Mode of Delivery 31 6.1 Cloud based clinical trial management system 31 6.2 Web based clinical trial management system 32 6.3 On-premise clinical trial management system 32 Chapter 7 Market Size and Forecast by End User 34 7.1 Pharmaceuticals 34 7.2 Clinical Research Organizations (CROs) 34 7.3 Healthcare Providers 35 Chapter 8 Market Size and Forecast by Type 37 8.1 Enterprise based clinical trial management system 37 8.2 Site based clinical trial management system 37 Chapter 9 Market Size and Forecast by Components 39 9.1 Software 39 9.2 Hardware 40 9.3 Services 40 Chapter 10 Market Size and Forecast by Geography 42 10.1 North America 42 10.1.1 The U.S. 49 10.2 Europe 53 10.2.1 Germany 61 10.2.2 France 65 10.2.3 Poland 68
Persistence Market Research
7
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 10.3 Asia 71 10.3.1 South Korea 79 10.3.2 China 82 10.4 Rest of the World 86 Chapter 11 Competitive Scenario 87 11.1 Competitive Benchmarking 87 Chapter 12 Company Profiles 89 12.1 Oracle Corporation 89 12.1.1 Company Overview 89 12.1.2 Products and Services 90 12.1.3 Financial Performance 90 12.1.4 Recent Developments 91 12.2 Merge Healthcare Incorporated 92 12.2.1 Company Overview 92 12.2.2 Products and Services 93 12.2.3 Financial Performance 93 12.2.4 Recent Developments 94 12.3 Medidata Solutions Inc. 95 12.3.1 Company Overview 95 12.3.2 Products and Services 95 12.3.3 Financial Performance 96 12.3.4 Recent Developments 96 12.4 PAREXEL International Corporation 98 12.4.1 Company Overview 98 12.4.2 Products and Services 98 12.4.3 Financial Performance 98 12.4.4 Recent Developments 99 12.5 BioClinica 100 12.5.1 Company Overview 100 12.5.2 Products and Services 100
Persistence Market Research
8
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 12.5.3 Financial Performance 100 12.5.4 Recent Developments 101 12.6 MedNet Solutions, Inc. 103 12.6.1 Company Overview 103 12.6.2 Products and Services 103 12.6.3 Financial Performance 103 12.6.4 Recent Developments 103 12.7 Bio-Optronics, Inc. 105 12.7.1 Company Overview 105 12.7.2 Products and Services 105 12.7.3 Financial Performance 105 12.7.4 Recent Developments 105 12.8 DSG, Inc. 107 12.8.1 Company Overview 107 12.8.2 Products and Services 107 12.8.3 Financial Performance 107 12.8.4 Recent Developments 107 12.9 eClinForce, Inc. 108 12.9.1 Company Overview 108 12.9.2 Products and Services 108 12.9.3 Financial Performance 108 12.9.4 Recent Developments 108 12.10 Forte Research Systems, Inc. 109 12.10.1 Company Overview 109 12.10.2 Products and Services 109 12.10.3 Financial Performance 109 12.10.4 Recent Developments 109 About Us: Persistence Market Research is a global market research firm specializing- syndicated research, custom research, and consulting services
Persistence Market Research
9
Global Clinical Trial Management System Market: Global Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 At Persistence Market Research (PMR), we are in the business of accelerating your business. As a fullservice market research firm, we stand committed to bringing more accuracy and speed to your business decisions. From ready-to-purchase market research reports to customized global research solutions, our engagement models are highly flexible without compromising on our deep-seated research values. Briefly stated, our mission is to give you access to forecasts and trends analyses that put you on the path to profitability.
PMR’s Services Go Beyond Gleaning Data
Most enterprises believe that IT and databases are enough to make an accurate decision. While we do not dispute that, consider this: How long does it take to make an accurate and strategic million-dollar decision? We strive to deliver both even with demanding deadlines.
Contact Us: Addie Thomes 305 Broadway, 7th Floor, New York City, NY 10007, United States. Tel: No. +1-646-568-77 USA/Canada Toll Free Number.1-800-961-0353 E-mail: Sales@persistencemarketresearch.com web: http://www.persistencemarketresearch.com/
Blog: http://persistencemarketresearchblog.wordpress.com/
Persistence Market Research
10