CTMS Market share to reach $2bn by 2024 - PowerPoint PPT Presentation

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CTMS Market share to reach $2bn 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: CTMS Market share to reach $2bn by 2024


1
U.S. CTMS Market valued 780mn by 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from CTMS Market
  • CTMS market size is anticipated to exceed USD 2
    billion by 2024 according to a new research
    study by Global Market Insights, Inc. 
  • Global CTMS 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 CTMS 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 CTMS.
  • Enterprise based accounted for over 70 of CTMS
    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 CTMS
    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. CTMS 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 CTMS 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 CTMS 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 CTMS 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 CTMS 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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