Clinical Trial Management Systems (CTMS) Market : 2018 Prominent Players | Oracle Corporation, DATATRAK International, Merge Healthcare (IBM Watson), MedNet Solutions, Parexel International Corp., Forte Research Systems, Medidata Solutions and Omnicomm Sy
Clinical Trial Management Systems Market size was valued over USD 860 million in 2016 and is expected to witness over 13% CAGR from 2017 to 2024.
(EMAILWIRE.COM, August 21, 2018 ) Clinical Trial Management System to exceed USD 2.4 billion by 2024 as per a new research report.
Rising investments in the field of life science and clinical research is expected to amplify the growth of clinical trial management systems market. Increasing trend for outsourcing of clinical trials coupled with the growing number of new product launches is expected to boost the global clinical trials management systems market.
Increasing number of clinical trials owing to the increased number of drug launches and robust research in the field of medicine will be a high impact rendering factor. However, excessive cost associated with the clinical trial management systems is predicted to impede the growth of the clinical trials management systems market.
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Cloud based clinical trial management systems facilitates data entry, access and analysis from remote location thereby saving time and reducing cost. Healthcare providers are moving towards cloud-based solutions as it allows easy scale up or down of services as per the demand. Owing to the flexibility and cost-effectiveness of the cloud based systems, the segment is expected to witness robust growth over the forecast time-frame.
Software component accounted for largest market share in 2016 and predicted to witness rapid growth over the forecast period. Increasing trend of outsourcing across the globe due to the need to decrease the cost will boost the growth of growth of contract research organizations segment(CRO). The CRO’s are forming alliance with the big biopharmaceutical companies to serve them more efficiently operating models that is further expected to boost the segment growth.
Latin America clinical trial management systems market is predicted to show rapid growth owing to the favorable changes in regulations in the region. The diversity in the population is suitable for clinical trials that should further fuel the clinical trial management systems market growth.
Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1155
China lacks the infrastructure needed for clinical research creating barriers for the domestic and international biopharmaceutical companies. However, government initiatives like aimed at creating favorable environment for clinical studies will boost the Chinese clinical trial management systems market. The initiatives from China FDA for establishing improved quality standards in clinical trials should further propel the market growth.
Key industry players are BioClinica, MedNet Solutions, Oracle Corporation, Bio-Optronics, Medidata solutions, Merge Healthcare, DATATRAK International Inc., VEEVA Systems Inc., eClinForce Inc., PAREXEL International Corporation, Forte Research Systems Inc., and DSG Inc. Industry participants are collaborating and forming partnership to deliver efficient and cost effective service.
Rising investments in the field of life science and clinical research is expected to amplify the growth of clinical trial management systems market. Increasing trend for outsourcing of clinical trials coupled with the growing number of new product launches is expected to boost the global clinical trials management systems market.
Increasing number of clinical trials owing to the increased number of drug launches and robust research in the field of medicine will be a high impact rendering factor. However, excessive cost associated with the clinical trial management systems is predicted to impede the growth of the clinical trials management systems market.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1155
Cloud based clinical trial management systems facilitates data entry, access and analysis from remote location thereby saving time and reducing cost. Healthcare providers are moving towards cloud-based solutions as it allows easy scale up or down of services as per the demand. Owing to the flexibility and cost-effectiveness of the cloud based systems, the segment is expected to witness robust growth over the forecast time-frame.
Software component accounted for largest market share in 2016 and predicted to witness rapid growth over the forecast period. Increasing trend of outsourcing across the globe due to the need to decrease the cost will boost the growth of growth of contract research organizations segment(CRO). The CRO’s are forming alliance with the big biopharmaceutical companies to serve them more efficiently operating models that is further expected to boost the segment growth.
Latin America clinical trial management systems market is predicted to show rapid growth owing to the favorable changes in regulations in the region. The diversity in the population is suitable for clinical trials that should further fuel the clinical trial management systems market growth.
Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1155
China lacks the infrastructure needed for clinical research creating barriers for the domestic and international biopharmaceutical companies. However, government initiatives like aimed at creating favorable environment for clinical studies will boost the Chinese clinical trial management systems market. The initiatives from China FDA for establishing improved quality standards in clinical trials should further propel the market growth.
Key industry players are BioClinica, MedNet Solutions, Oracle Corporation, Bio-Optronics, Medidata solutions, Merge Healthcare, DATATRAK International Inc., VEEVA Systems Inc., eClinForce Inc., PAREXEL International Corporation, Forte Research Systems Inc., and DSG Inc. Industry participants are collaborating and forming partnership to deliver efficient and cost effective service.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results