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

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Clinical Trial Management System Market size over
2bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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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.

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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.

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

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Trial Management System Market _at_
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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.

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