Clinical Trial Management Software Market share to reach $1.5bn by 2024 - PowerPoint PPT Presentation

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Clinical Trial Management Software Market share to reach $1.5bn by 2024

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Get more details @ Major CTMS industry vendors include MedNet Solutions, Oracle Corporation, Bio-Optronics, BioClinica, Medidata solutions, PAREXEL International Corporation, Merge Healthcare, DATATRAK International, and VEEVA Systems. Other prominent participants include eClinForce, Forte Research Systems, and DSG. – PowerPoint PPT presentation

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Title: Clinical Trial Management Software Market share to reach $1.5bn by 2024


1
CTMS Market share worth 2bn by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Clinical Trial Management
System Market
  • Clinical trial management system market size is
    anticipated to exceed USD 2 billion by 2024
    according to a new research study by Global
    Market Insights, Inc. 
  • Global Clinical Trial Management System Market
    size is driven by growing prevalence of chronic
    diseases, surge in clinical trials outsourcing,
    rising RD cost and favorable government
    initiatives.
  • Improvements in regulatory framework for drug
    approvals and patent laws along with rapid
    economic development in emerging countries of
    India and China will expand clinical trial
    management system market size.

3
Continued...
  • Stringent regulatory guidelines to ensure drug
    safety efficacy, extended approval time,
    difficulties in recruitment for trials and
    increasing number of clinical trial failures in
    phase II and phase III should hinder clinical
    trial management system market growth. Hardware
    component was valued at over USD 90 million in
    2015, and is estimated to expand at 13.1 CAGR
    from 2016 to 2024. Pharmaceutical companies are
    outsourcing their requirement to specialized
    firms in other regions. This has resulted in
    increase in sales of hardware components used for
    clinical trial management system.
  • Enterprise based accounted for over 70 of
    clinical trial management system market share in
    2015 and is projected to grow at 13.8 CAGR from
    2016 to 2024. It provides dedicated services with
    special in house capabilities for clinical trials
    management. Cloud delivery mode is projected to
    witness robust growth of over 15 from 2016 to
    2024 and expected to reach over USD 350 million
    by 2024. In terms of revenue share, Web and On
    Premise together account for over 85 clinical
    trial management market share in 2015, growing at
    over 14 and 11.5 from 2016 to 2024 respectively.

4
Europe Clinical Trial Management System Market
share, by component, 2012-2024 (USD Million)

5

Browse Full Market Research Report On Clinical
Trial Management System Market _at_
http//bit.ly/2mErWKQ Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/1155 https//www.gminsig
hts.com/request-sample/detail/49
6
Continued...
  • Pharmaceutical and biopharmaceutical companies
    are estimated to surpass USD 1.4 billion by 2024.
    As these organizations are continuously striving
    to develop potent novel drugs and therapeutics to
    use against diseases and disorders. China
    clinical trial management system market size is
    anticipated to generate over USD 270 million in
    terms of value by 2024. Increasing government
    policies to setup a research center and growing
    RD investments in life sciences, pharmaceutical,
    and clinical research industries, along with
    combination of HIS with CTMS, additionally the
    increased clinical research outsourcing and
    increasing prevalence of diseases.
  • U.S. clinical trial management system market
    share was over 70 of regional industry revenue
    in 2015. The factors driving business growth
    include favorable regulatory environment,
    effective ADR monitoring and evaluation policies
    and improved government funding. Germany clinical
    trial management system market size held more
    than 15 industry share in 2015 and anticipated
    to exceed USD 180 million by 2024. Favorable
    clinical trial regulations should boost the
    industry growth over the forecast period.

7
Continued...
  • India clinical trial management system market
    size was around USD 50 million in 2015, expected
    to witness robust growth of more than 22 from
    2016 to 2024 due to growing preference for
    conducting clinical trials associated with its
    low cost and good quality of trials. Latin
    America clinical trial management system market
    size is expected to surpass USD 110 million by
    2024, owing to favorable government regulations
    and increased adoption of new medical
    technologies in the areas of clinical chemistry
    and biomedical research.
  • Global clinical trial management system industry
    is highly fragmented and competitive in nature.
    Some of the notable industry players include
    MedNet Solutions, Oracle Corporation,
    Bio-Optronics, BioClinica, Medidata solutions,
    PAREXEL International Corporation, Merge
    Healthcare, DATATRAK International, and VEEVA
    Systems. Other prominent participants include
    eClinForce, Forte Research Systems, and DSG.

8
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