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Clinical Trial Management System Market Research Reports & Industry Analysis, 2016 – 2024

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Title: Clinical Trial Management System Market Research Reports & Industry Analysis, 2016 – 2024


1
Clinical Trial Management System Market size over
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.
  • Growing prevalence of chronic diseases, surge in
    clinical trials outsourcing, rising RD cost and
    favorable government initiatives will drive
    global clinical trial management system market
    size.
  • 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. Quality trials at
    reduced cost continues to remain unique
    proposition for regional industry growth.

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.

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_
https//goo.gl/74PiFv Request for a Sample of
this Research Report _at_ https//www.gminsights.com/
request-sample/detail/1155
6
360 Analysis
  • Application Trends
  • Rising prevalence of chronic diseases coupled
    with growing trend of outsourcing clinical trials
    will drive clinical trial management system
    market size. Furthermore, increased public and
    private funding and favorable government policies
    will stimulate business growth. Growing RD
    expenditure in pharmaceutical and clinical
    research industries have increased acceptance of
    clinical trial management system among clinical
    research organizations (CRO), pharmaceutical
    companies and healthcare providers.
  • Regional Trends
  • U.S. clinical trial management system market
    share was over 79 of regional share in 2015,
    with the target market size slated to exceed USD
    780 million by 2024. Favorable government
    initiatives such as allocation of more than USD
    200 million to NCI, FDA, and NIH for developing
    novel healthcare solutions should fuel CTMS
    market growth.
  • Competitive Market Share
  • Key industry players include Oracle Corporation,
    MedNet Solutions, BioClinica, Bio-Optronics, and
    Medidata solutions. The industry participants
    compete amongst themselves on the basis of
    product, performance, and technology. Some of
    the clinical trials management system market
    players are vertically integrated to improve
    their service efficiency and delivery.


7
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