Global Clinical Trials Management System Market 2018-2025 - Key Players are Surgery Partners, PARAXEL International, Oracle, Medidata Solutions, Inc., Forte Research Systems, Medpace & Clinical Data
The global clinical trials management system (CTMS) market size is expected to reach USD 1.6 billion by 2025.
DUBLIN, Nov 1, 2018 /PRNewswire/ --
The "Clinical Trials Management System Market Size, Share & Trends Analysis Report By Component, By Type (Enterprise, On-site), By End Use, By Delivery Mode (Web-based, Cloud-based), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global clinical trials management system (CTMS) market size is expected to reach USD 1.6 billion by 2025. The market is anticipated to register a CAGR of 12.1% during the forecast period.
Rapid growth of healthcare IT and increasing adoption of CTMS solutions are likely to drive the market. Moreover, heavy investments by various pharmaceutical and biotechnology companies coupled with government funding for R&D is also expected to boost market growth in the coming years.
According to the estimates of International Federation of Pharmaceutical Manufacturers & Associations, research-based pharmaceutical industry has spent around USD 149.8 billion in 2015. Furthermore, the annual spending of the pharmaceutical industry is much higher than other technology industries. This is also estimated to contribute toward the expansion of the market in the years to come.
Further key findings from the study suggest:
- Increasing R&D investments by healthcare companies coupled with government funding are expected to propel market growth
- Enterprise CTMS accounted for the largest share in 2016 due to the benefits offered by it, such as real-time insight into the operational activities and helpful tracking in managing the regulatory process
- Web-based systems contributed towards the largest share in 2016 owing to the benefits offered, such as remote access of data and minimal technical issues. Cloud-based system is anticipated to exhibit the fastest growth over the forecast period. Real-time data tracking, high security, easy accessibility from any device, and privacy are few factors that are attributing towards the segment's growth
- Based on region, North America held the largest market share and is expected to retain its dominance during the forecast period. This is attributed to high adoption of advanced technologies and improved infrastructure in the healthcare facilities
- The Asia Pacific region is likely to witness a significant growth in the next decade due to increasing government incentives and low clinical trial costs
- Some of the key players in the global market are Surgery Partners, PARAXEL International Corp., Oracle Corp., Medidata Solutions, Inc., Forte Research Systems, Inc., Medpace Holdings, Inc., and Clinical Data, Inc.
Key Topics Covered:
Chapter 1 methodology And Scope
1.1 Research Methodology
1.2 Research Scope And Assumptions
1.3 List Of Abbreviations
Chapter 2 executive Summary
2.1 Market Summary
Chapter 3 market Variables, Trends & Scope
3.1 Market Segmentation
Chapter 4 market Definitions
Chapter 5 Industry Outlook
5.1. Market Driver Analysis
5.1.1. Increasing Investment On The R&D By The Healthcare Companies
5.1.2. Rise In The Number Of Clinical Trials Leading To The Increasing Adoption Of Ctms Solutions
5.1.3. Favorable Government Policies
5.1.4. Companies Providing Training To The Professionals
5.2. Market Restraint Analysis
5.2.1. Barriers To Access To Clinical Data
5.2.2. High Cost Of Ctms
5.2.3. Risk Of Theft Of Personal Data
Chapter 6 Business Environment Analysis
6.1. Swot Analysis; By Factor (Political & Legal, Economic And Technological)
6.2.Porter's Five Forces Analysis
6.3. Value Chain Analysis
Chapter 7 regulatory And Political Forces
7.1 Regulatory Landscape
7.1.1 List Of Factors/ Regulations By Country
7.1.1.1 U.S.
7.1.1.2 Europe
7.1.1.3 Asia Pacific
7.1.1.3.1 China
7.1.1.3.2 Japan
7.1.1.3.3 India
7.1.1.4 Middle East & Africa
7.1.1.4.1 Uae
7.1.1.4.2 Saudi Arabia
7.1.1.4.3 South Africa
7.1.1.5 Latin America
7.1.1.5.1 Brazil
7.1.1.5.2 Mexico
7.1.1.5.3 Argentina
7.2 Political Landscape; Current & Future Scenario
7.2.1 List Of Factors/ Regulations/ Nature Of Governments By Country
7.2.1.1 China
7.2.1.2 Brazil
7.2.1.3 Argentina
Chapter 8 type Business Analysis
8.1.Ctms Market: Type Movement Analysis
8.1.1. Enterprise
8.1.2. On-Site
Chapter 9 delivery Mode Business Analysis
9.1.Ctms Market: Delivery Mode Movement Analysis
9.1.1. Web-Based
9.1.2. Cloud-Based
9.1.3 On-Premise
Chapter 10 component Business Analysis
10.1.Ctms Market: Component Movement Analysis
10.1.1. Software
10.1.2 Service
Chapter 11 End-Use Business Analysis
11.1.Ctms Market: End-Use Movement Analysis
11.1.1. Pharmaceutical And Biotechnology Firms
11.1.2. Clinical Research Organisations (Cros)
11.1.3. Medical Device Firms
Chapter 12 Regional Business Analysis
Chapter 13 Competitive Vendor Landscape
13.1 List Of Players Operating In The Market
Chapter 14 Company Profile
- Paraxel International Corporation
- Oracle Corporation
- Medidata Solutions Inc.
- Forte Research Systems Inc.
- Medpace Holdings Inc.
- Clinical Data Inc.
- Bioclinica Inc.
- Datatrak International Inc.
- G.Tec Medical Engineering Gmbh
- Bio-O
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