Clinical Trial Management System Industry: Forecasts to 2019

Clinical trial management system is a software solution for proper management, storage and analysis of drugs associated clinical data. CTMS is primarily employed to manage big amount of data engaged in a clinical trial including planning, preparation and reporting. CTMS also offers data to a business intelligence system. Growing R&D investment in pharmaceuticals, life science and clinical research industries, growing prevalence of diseases and increased clinical research outsourcing are top growth drivers for the CTMS market. Additionally, integration of CTMS with a Hospital Information System provides more accurate and time saving documentation over paper based information systems.

On the other hand, long approval time for clinical trials and difficulties related to recruiting and enrolling patients for clinical trials are some of the main concerns for the sector. Approval from Institutional Review Board, contract and budget negotiation and approval, availability of appropriate patient population and protocol design and legal review are main factors that delay a drug approval process. Similarly, rising regulatory requirements in various countries has resulted in increased complexity for clinical trial protocols.

This industry report offers an detailed analysis of estimation of the CTMS market for the period 2013-2019, considering 2013 as the base year for calculation. Moreover, info pertaining to current market dynamics including market drivers, market restraints, forecasts and latest developments has been specified in the analysis. The CTMS market is categorized based on type of CTMS, end users, components, mode of delivery and area. Established on mode of delivery, the CTMS market comprises on-premise CTMS, Web based CTMS and cloud based CTMS. The end user market comprises pharmaceuticals, clinical research organizations and healthcare providers.

In the geographical analysis, the market research identifies and analyses market size and forecast of North America, EU, Asia and Rest of the globe. North America continent is farther split into the U.S. Similarly, Europe (EU) is farther split into Germany, France (FR) and Poland. Asia is farther split into South Korea and China (CN). Some of the main players in the CTMS market are Oracle Corporation, Bio-Optronics, MedNet Solutions, PAREXEL, Medidata Solutions, BioClinica and others. These main market players have been profiled based on attributes including company overview, recent evolutions, growth strategies, sustainability, and financial review.