Clinical Trial Management System Market - Forecast(2020 - 2025)

Report Code: HCR 0493 Report Format: PDF + Excel (Delivery in 48 Hrs)
Clinical Trial Management System Market Overview
Clinical Trial Management System Market size is forecast to reach $1.9 Billion by 2025, growing at a CAGR of 11.9% during the forecast period 2020-2025. A Clinical Trial Management System (Clinical Trial Management System) is a software used by pharmaceutical industry and biotechnology industry to conduct clinical trials in clinical research. The system maintains and manages the planning, performing and, reporting functions, along with participant contact information, tracking deadlines, and milestones.

Report Coverage
The report: “Clinical Trial Management System Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Clinical Trial Management System Market.

By Product Type: Enterprise Clinical Trial Management System, Site Clinical Trial Management System
By Delivery mode: Web-based Clinical Trial Management System, Licensed Enterprise Clinical Trial Management System and Cloud-based Clinical Trial Management System
By Component: Service, Hardware and Software
By End-users: Pharmaceutical companies, Clinical research organizations, Medical device   companies and, others.
By Geography: North America, Europe, Asia-Pacific, and Rest of the World.

Key Takeaways
  • North America is dominating the global Clinical Trial Management System market, owing to the high number of clinical trials in that region.
  • The rise in demand for clinical trials, availability of advanced Clinical Trial Management System solutions and the increase in support by the government to conduct clinical trials have increased in the overall demand of the Clinical Trial Management System market.
  • The demand for Clinical Trial Management System has increase in hospitals, pharmaceutical companies, and clinical research centers for information management, which is to record data related to planning, development, and reporting of clinical trials.
  • Detailed analysis of the Strength, Weakness and Opportunities of the prominent players operating in the market is to be provided in the Clinical Trial Management System Market report

Product Type – Segment Analysis
Based on the product type Clinical Trial Management System is segmented into Enterprise Clinical Trial Management System and Site Clinical Trial Management System. The Enterprise segment has a dominant share in the year 2019 and is set to have the highest CAGR of 9.1% by 2020-2025, as they are used by most end-users. The companies of Pharmaceutical and medicine are using the clinical trials for the clinical study, to produce the new drugs, thus increasing the clinical market. Advancement in the Clinical Trial Management System software, which made things easier with improved efficiency, is also boosting the market.

Delivery mode – Segment Analysis
Based on Delivery mode, Clinical Trial Management System is segmented into Web-based, Licensed Enterprise (on-premises) system and Cloud-based. The Cloud-based system is forecasted to have the largest share in the forecast period 2020-2025. The factors like high security, privacy, real-time data tracking, easy accessibility from any device, are driving the growth of this market. The growing demand for advanced IT-based clinical trial management solutions to improve managerial control over clinical Trials is set to further increase demand in the coming years.

Geography – segmentation
In 2019, North America dominated the Clinical Trial Management System Market holds highest share of 55%. Increasing funding by the government for research in clinical trials has driven the market. An increase in the number of clinical trials and research for clinical trial management systems in the region like Asia-Pacific is set to grow market over the forecast period 2020-2025. Growing demand for Clinical Trial Management System and encouraging policies by the government for the health care IT sector is driving the demand of the Clinical Trial Management System market.

Drivers – Clinical Trial Management System Market
  • Increased Usageof Clinical Trial Management System
The increase in clinical trials owing to the rapid growth in the aging population, high prevalence of chronic diseases, the expiration of drugs, and availability of government funding for clinical trials is increasing demand for the Clinical Trial Management System market.

Important partnership between biopharma companies and CROs, increasing clinical trials, availability of advanced Clinical Trial Management System solution is growing customer base or Clinical Trial Management System solutions. 
Challenges – Clinical Trial Management System Market
  • The high cost involved in clinical studies and lack of awareness about the clinical trial management system is limiting this Clinical Trial Management System market.
Clinical Trial Management System Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Clinical Trial Management System Market. Some of the major players in this market are IBM, DATATRAK, VEEVA Systems, DSG, MasterControl, ERT, Forte research solutions, MedNet solutions, ArisGlobal, DZS Software solutions, Oracle.

Acquisitions/Product Launches
  • In January 2017, MedNet Solutions released the latest version of iMedNet with enhanced features
  • In November 2017, Bioclinica announced the launch of Bioclinica Clinical Adjudication. The new service allows for independent judgement of clinical events in compliance with regulatory requirements, regulating clinical trials in all therapeutic areas.
1. Clinical Trial Management System Market Overview
    1.1 Definitions and Scope
2. Clinical Trial Management System Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Delivery Mode
    2.4 Key trends by Component
    2.5 Key trends by End User
    2.6 Key trends by Geography
3. Clinical Trial Management System Market- Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financial Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis 
4. Clinical Trial Management System Market – Startup companies Scenario Premium 
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Clinical Trial Management System Market - Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Clinical Trial Management System Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Clinical Trial Management System Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market Life analysis
8. Clinical Trial Management System Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Enterprise CTMS
    8.2 Site CTMS
9. Clinical Trial Management System Market - By Delivery Mode (Market Size -$Million/$Billion)
    9.1 Web based CTMS
    9.2 Licensed Enterprise (Premises) CTMS
    9.3 Cloud based CTMS
10. Clinical Trial Management System Market – By Component (Market Size -$Million/$Billion)
    10.1 Service
    10.2 Hardware
    10.3 Software
11. Clinical Trial Management System Market – By End User (Market Size –$Million/$Billion)
    11.1 Pharmaceutical companies
    11.2 Clinical research organizations
    11.3 Medical device companies
    11.4 Others
12. Clinical Trial Management System Market - By Geography (Market Size -$Million/$Billion)
    12.1 North America 
        12.1.1 U.S. 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 U.K 
        12.2.2 Germany 
        12.2.3 Italy 
        12.2.4 France
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China 
        12.3.2 Australia & New Zealand
        12.3.3 Japan
        12.3.4 India
        12.3.5 South Korea
        12.3.6 Rest of APAC
    12.4 Rest of the World
        12.4.1 Africa
        12.4.2 Middle East
        12.4.3 South America
13. Clinical Trial Management System Market – Entropy
14. Clinical Trial Management System Market – Industry/Segment Competition Landscape - (Premium)
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Country- Key companies
        14.1.4 Best Practices for Companies
15. Clinical Trial Management System Market – Key Company List by Country Premium 
16. Clinical Trial Management System Market Company Analysis
    16.1 Company Revenue, Products, M&A, Developments
    16.2 IBM 
    16.3 DATATRANK
    16.4 VEEVA Systems
    16.5 DSG
    16.6 MasterControl 
    16.7 ERT
    16.8 Forte Research systems
    16.9 MedNet solutions
    16.10 ArisGlobal
    16.11 DZS Software solutions
    16.12 Oracle
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