According to a new market report published by
Transparency Market Research "Clinical Trial Management System Market-
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2019," the global clinical trial management system market was valued at
USD 844.0 million in 2013 and is expected to grow at a CAGR of 14% from 2014 to
2019, to reach an estimated value of USD 1,848.5 million in 2019.
Browse
Global Clinical Trial Management System Market Report with Full TOC at http://www.transparencymarketresearch.com/clinical-trial-management-systems-market.html
Globally, the CTMS market is witnessing significant
growth due to increasing R&D investment in pharmaceutical, life science and
clinical research industries. It empowers organizations and research centers to
enhance productivity and effectiveness of clinical trials by advancing and managing
clinical trials. Integration of CTMS with HIS provides more accurate and time
saving documentation, and it is also one of the major driving factor for the
growth of the CTMS market. Additionally, increasing prevalence of diseases is
supporting clinical trials in different regions, and increased clinical
research outsourcing is playing a major role in the growth of the CTMS market.
Presence of various end users such as pharmaceuticals, clinical research
organizations (CRO) and healthcare providers has increased the acceptance of
CTMS. The global CTMS market was estimated to be USD 844 million in 2013. It is
likely to grow at a CAGR of 14% during 2013 to 2019 to reach USD 1,848.5
million in 2019.
North America is a traditional clinical trial region. The
average cost of pharmaceutical research and development for a successful drug
continues to increase from pre-clinical to FDA approval. Clinical trials in the
U.S. have been funded and sponsored by National Institute of Health (NIH),
other government agencies, academic groups, voluntary health organizations and
industry. According to the U.S. National Institute of Health (Clinical Trial
government registry) in 2011, there were 56,981 clinical trials conducted in
the U.S.
In Europe, countries in Central and Eastern Europe
provide abundant chance to life science companies for clinical development.
According to Oracle Corporation, a CTMS company, the percentage of clinical
trials conducted in Western Europe has decreased from 25% to 19% and in Eastern
Europe, the same has increased from 10% to 13% during 2006-2010.
However, Asia is the fastest growing region in the
clinical trial management system market. Asia has become one of the
fastest-growing markets for pharmaceutical products. Improved industry
regulatory laws and patent expiration laws in various countries including
Japan, China and India, have led to the expansion of the clinical trials market
in Asia. Asia has lower cost of conducting clinical trials compared to Europe
or the U.S.
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- Oracle Corporation, PAREXEL, Merge Healthcare and Medidata are the leading companies offering clinical research services. Other major players of clinical trial management systemmarket include BioClinica, MedNet, eClinforce, Bio-Optronics, Forte Research and DSG.
The
clinical trial management system market is segmented as follows:
Membrane Technology Market, By Delivery
Mode
- Cloud
based clinical trial management system
- Web
based clinical trial management system
- On-premise
clinical trial management system
Membrane Technology Market, By End user
- Pharmaceuticals
- Clinical
Research Organizations
- Healthcare
providers
Membrane Technology Market, By Type
- Enterprise
based clinical trial management system
- Site
based clinical trial management system
Browse
Global Clinical Trial Management System Market Report with Full TOC at http://www.transparencymarketresearch.com/clinical-trial-management-systems-market.html
Membrane Technology Market, By Components
- Software
- Hardware
- Services
Membrane Technology Market, by Geography
- North
America
- U.S.
- Europe
- Germany
- France
- U.K.
- Russia
- Poland
- Asia
- China
- South
Korea
- Taiwan
- India
- Rest
of the World (RoW)
Browse
Medical Devices Market Research Reports
with TOC @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Web: http://www.transparencymarketresearch.com/
Blog: http://www.tmrblog.com/
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