 |
| Clinical Trial Management System Market |
Clinical trial management systems provide solutions for planning,management and execution of clinical trial processes in healthcare organizations. These systems facilitate increased efficiency and compliance by streamlining clinical trial processes such as patient enrollment, electronic patient data capture , randomizationand drug supply management. The global Clinical Trial Management System Market is estimated to be valued at US$ 1120.48 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of cloud-based models is one of the key trends gaining
traction in the clinical trial management system market. Cloud-based models
offer advantages such as flexibility, scalability, 24/7 data access from any
location and lower upfront infrastructure costs. Several healthcare
organizations are shifting from on-premise legacy systems to cloud-based
systems due to advantages such as easy integration with other hospital
information technologies. increasing adoption of cloud deployment model is
expected to fuel market growth over the forecast period as it provides clinical
trial managers easy access to patient data.
Segment
Analysis
The global clinical trial management system market is dominated by web-based
CTMS sub segment as it allows remote data entry and provides access to
information from any internet-enabled device. It provides flexibility and
lowers operational costs compared to On-premises CTMS systems which require
hardware installations and regular maintenance.
Key Takeaways
The global Clinical
Trial Management System Market Share is expected to witness high growth
owing to increasing research and development activities in pharma and biotech
sectors. The market is projected to surpass US$ 1120 Mn by 2024.
Regional analysis: North America is currently the fastest growing and
dominating region in the global clinical trial management system market. This
is due to presence of major pharma companies and contract research
organizations conducting clinical trials in the region. Additionally,
increasing clinical research activities and stringent regulations are supporting
market growth.
Key players
operating in the clinical trial management system market are Menarini Group,
N-Finders Co. Ltd., 1st SurgiConcept, River Aesthetics, Aesthetic Experts Lab,
Metro Korea Co. Ltd., Healux Corporation, Croma Pharma GmbH, Aptos
International Ltd., and Sinclair Pharma (Huadong Medicine CO., LTD.), among
others.
0 Comments