Redding, California, March 28, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Clinical Trial Management System (CTMS) Market by Component (Software, Service), Type (Enterprise, Site), Mode of Delivery (Web, Cloud, On-premise), End User (CRO, Pharmaceutical & Biotech, Medical Device Companies) - Global Forecast to 2030”, published by Meticulous Research®, clinical trial management system market is expected to grow at a CAGR of 13.5% from 2023 to 2030 to reach $3.59 billion by 2030.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5456
A clinical trial management system (CTMS) is a software solution that manages clinical trials. The solution helps manage clinical trials, including time planning, trial subject recruitment, data capture and tracking, the database for investigators and research sites, billing compliance and budget management.
The clinical trial management system facilitates the operation of traditional, hybrid and decentralized clinical trials. The system improves clinical study reconciliation and data quality. The system provides interoperability with other e-clinical applications, thus increasing the visibility and transparency of clinical trial information. The system also ensures compliance with guidelines, legal protocols, and standards.
The global clinical trial management system (CTMS) market is segmented on the basis of by component (software and service), type (enterprise-based and site-based), mode of delivery (web-based, cloud-based, on-premise), end user (contract research organizations, pharmaceutical & biotechnology companies, medical device companies, and other end users) and geography. the study also evaluates industry competitors and analyzes their market share at global and regional levels.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5456
Based on component, the software segment is expected to account for the largest share of the market in 2023. The factors contributing to the largest share of the market are ease in establishing regulatory compliance in clinical trials, rising research & development expenditure, and effective management of clinical trials leading to increased adoption of the clinical trial management system (CTMS).
Based on type, the market is segmented into enterprise-based and site-based CTMS. The enterprise-based segment is expected to account for the largest share of the market in 2023, owing to advantages such as end-to-end insights into operational activities, reduction in cost and investment, and adaption to advanced processes due to control and connection within the organization.
Based on end user, the market is segmented into pharmaceutical & biotechnology companies, medical device companies, contract research organizations, and other end users. The contract research organization segment is expected to account for the largest share of the market in 2023. Companies tend to outsource their clinical trial operations as they are complex, and require time and investment. Thus, the increasing prevalence of chronic diseases and the rising number of drug development projects is attributed to the largest share of contract research organizations in the market.
Quick Buy – Clinical Trial Management System Market Research Report: https://www.meticulousresearch.com/Checkout/14874367
Based on geography, Asia-Pacific is estimated to grow at the highest CAGR during the forecast period. Increasing outsourcing of clinical trials by major and minor stakeholders, the rising number of clinical trials in the region, and the availability of a large patient pool drive the demand for clinical trial management systems (CTMS).
The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry over the past three years (2020–2022). In the last couple of years, the global clinical trial management system market has witnessed product launches, collaborations, agreements, and expansions.
Some of the key players operating in the global clinical trial management system market are Oracle Corporation (U.S.), SimpleTrials (U.S.), LABORATORY CORPORATION OF AMERICA HOLDINGS (U.S.), Wipro Limited (India), Advarra, Inc. (U.S.), RealTime Software Solutions, LLC (U.S.), Datatrak International, Inc. (U.S.), Clario (U.S.), Dassault Systèmes (France), Veeva Systems Inc. (U.S.), PHARMASEAL (U.K.), MasterControl Inc. (U.S.), Calyx (U.S.), IQVIA HOLDINGS INC. (U.S.), and DSG, Inc. (U.S.) among others.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/clinical-trial-management-system-market-5456
Scope of the Report:
Clinical Trial Management System (CTMS) Market, by Component
- Software
- Service
Clinical Trial Management System (CTMS) Market, by Type
- Enterprise-based CTMS
- Site-based CTMS
Clinical Trial Management System (CTMS) Market, by Mode of Delivery
- Web-based CTMS
- Cloud-based CTMS
- On-premise CTMS
Clinical Trial Management System (CTMS) Market, by End User
- Contract Research Organizations (CROs)
- Pharmaceutical & Biotechnology Companies
- Medical Device Companies
- Other End Users
(Note: Other end users include hospitals, academic institutions, and animal health companies, among others)
Clinical Trial Management System (CTMS) Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America (RoLATAM)
- Middle East & Africa
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5456
Related Reports:
Laboratory Information Management System (LIMS) Market by Mode of Delivery (On-premise, Cloud), Component (Service, Software), Type (Multi-purpose, Purpose-built), End User (Life Science, Food & Beverage, Petrochemical, Chemical) - Global Forecast to 2030
https://www.meticulousresearch.com/product/laboratory-information-management-system-market-4009
Artificial Intelligence in Drug Discovery Market by Offering (Software, Service), Application (Target Discovery, Lead Identification, Clinical Testing), Therapy Area (Oncology, Cardiology, Neurodegenerative), Deployment, End User—Global Forecast to 2030
https://www.meticulousresearch.com/product/artificial-intelligence-in-drug-discovery-market-5429
Real-world Evidence (RWE) Solutions Market by Component (Datasets [Clinical, Claims, Pharmacy, Integrated], Services), Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Global Forecast to 2029
https://www.meticulousresearch.com/product/real-world-evidence-solutions-market-4954
Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer, Patient) - Global Forecast to 2029
https://www.meticulousresearch.com/product/telehealth-market-4174
Real-world Data (RWD) Market by Source (EMR, Claims, Pharmacy, Disease Registries), Application [Market Access, Drug Development & Approvals (Oncology, Neurology), Post Market Surveillance], End User (Pharma, Payers, Providers) - Global Forecast to 2029
https://www.meticulousresearch.com/product/real-world-data-market-5297
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/685/clinical-trial-management-system-market-2030
