Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Clinical
Trial Management System (CTMS) market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Clinical Trial Management System (CTMS) market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Clinical
Trial Management System (CTMS) market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Clinical Trial Management System (CTMS) market is offered. In accordance with the report, the global Clinical
Trial Management System (CTMS) market is projected to
expand at a CAGR of 10% over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Clinical trial
is the study performed by a group of researchers to assess safety and efficacy
of a test or treatment which is intended to apply to a group of people. It is
the scientific study which assesses better ways to screen, prevent, diagnose,
or treat disease. A clinical trial management system (CTMS) is a software which
is primarily used in pharmaceutical, biotechnology and associated industry to
manage heap of clinical data in clinical research.
The global Clinical Trial Management System (CTMS) market
is primarily driven by the increasing number of clinical trials across
worldwide. According to the World Health Organization, the U.S. registered the
highest number of clinical trials per year followed by Japan, China, and
Germany, the U.K. and others, respectively. The growth of the clinical trials registration
in the Western Pacific was maximum (almost 2%) between 2010 and 2018 whereas
South-East Asian countries displayed significant growth in clinical trial
registration in the same period. Another study published in journal Vaccines, 2015 documented that HIV was
the prominent area among the registered clinical trials per year followed by
influenza viral infection, respectively- therefore, growing concern of diseases
such as HIV disease, influenza, malaria, tuberculosis etc. would likely to lead
the growth of the global Clinical Trial Management System (CTMS) market in the
forecast period.
However, unavailability of skilled professionals,
security issue and strict compliance may hamper the growth of the global
Clinical Trial Management System (CTMS) market during the forecast period. On
the other hand, Mergers and acquisitions/joint ventures among key market
players, product launch, increasing R&D investment will open up the global Clinical
Trial Management System (CTMS) market to grow over the forecast period. For
instance, Dassault Systèmes acquired Medidata (including clinical trial
management system portfolio) by US$ 5.8 Bn in June 2019. With the acquisition
of Medidiata, Dassault Systèmes will intend to broaden its software business in
healthcare industry in future.
Segment Covered:
This market
intelligence report on the global Clinical Trial Management System (CTMS)
market encompasses market segments based on product type, delivery, component
and end user. On the basis of product type, the sub-market is enterprise based
CTMS and site based CTMS. In terms of delivery, the global Clinical Trial
Management System (CTMS) market is classified as cloud based, web-based and
on-premise based. In terms of component, the global market is classified into
software and service. Based on end user, the global Clinical Trial Management
System (CTMS) market has been segregated into pharmaceutical and biotechnology
industry, contract research organization and contract manufacturing
organizations and others. By Geography, the global Clinical Trial Management
System (CTMS) market has been divided into North America
(the U.S., Canada), Latin America (Brazil, Mexico, Argentina and other
countries), Europe (Germany, France, the U.K., Spain, Italy, Russia, and other
countries), Asia Pacific (India, Japan, China, Australia and New Zealand and
other countries), Middle East and Africa (GCC, South Africa, Israel and Other
countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as Oracle Corporation, Dassault Systèmes , Pampolona Capital Management, Bioclinica, IBM, and others have been profiled into detail so
as to offer a glimpse of the market leaders. Moreover, parameters such as Clinical
Trial Management System (CTMS) related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Clinical
Trial Management System (CTMS) market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Clinical Trial Management System (CTMS) market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Oracle Corporation, Dassault Systèmes , Pampolona Capital Management, Bioclinica, IBM, and among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Clinical Trial Management System (CTMS) caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Clinical
Trial Management System (CTMS) market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Clinical
Trial Management System (CTMS) market
v
Identification
of key factors driving investment opportunities in the Clinical Trial Management System (CTMS) market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects