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Global Clinical Trial Management System Market Will Grow at a CAGR 12.6% and Reach USD 1170 Million by 2023, from USD 570 Million in 2017

New Global Clinical Trial Management System Consumption Market Report 2023 Report Covers market forecast and top Companies like Oracle, Medidata Solutions, Parexel, Bioclinica, Bio-Optronics and others.

 

Lewes, DE -- (SBWIRE) -- 02/11/2019 -- Global Clinical Trial Management System market will register a 12.6% CAGR in terms of revenue, reach US$ 1170 million by 2023, from US$ 570 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Clinical Trial Management System market for 2018-2023.

A Clinical Trial Management System (CTMS) is a software system used by biotechnology and pharmaceutical industries to manage clinical trials in clinical research. The system maintains and manages planning, performing and reporting functions, along with participant contact information, tracking deadlines and milestones.

By end user, the CTMS market is segmented into pharmaceutical and biopharmaceutical companies, contract research organizations, medical device companies, and others. The pharmaceutical and biopharmaceutical companies segment is further subsegmented into large pharmaceutical companies and mid-small pharmaceutical companies. The pharmaceutical and biopharmaceutical companies segment is expected to account for the largest share of the CTMS market in 2018. The largest share is attributed to the increasing adoption of CTMS software during drug clinical trials by pharmaceutical and biopharmaceutical companies.

Over the next five years, study projects that Clinical Trial Management System will register a 12.6% CAGR in terms of revenue, reach US$ 1170 million by 2023, from US$ 570 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Clinical Trial Management System market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Enterprise CTMS
Site CTMS

Segmentation by application:
Pharma & Biopharmaceutical
Medical Device
Delivery Mode (Web Hosted, On-premise, Cloud-based)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Oracle
Medidata Solutions
Parexel
Bioclinica
Bio-Optronics
IBM
Datatrak
Veeva Systems
DSG
Mastercontrol
ERT
Forte Research Systems
Mednet Solutions
Arisglobal
DZS Software Solutions

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Clinical Trial Management System consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Clinical Trial Management System market by identifying its various subsegments.
Focuses on the key global Clinical Trial Management System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Clinical Trial Management System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Clinical Trial Management System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 161 pages "Forecast of Global Clinical Trial Management System Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Clinical Trial Management System by Players, Clinical Trial Management System by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Clinical Trial Management System Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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