Market Revenue Clinical Trial Management System (CTMS) Industry

Clinical Trial Management System (CTMS) Industry Analysis of
Sales, Revenue, Share to 2025
“Clinical Trial Management System (CTMS) Market crossed USD 1.6 billion in
the recent years and is expected to continue growing during the forecast
period. Rise in health concerns and increased R&D expenditure in life sciences
& clinical research organization are likely to drive the market growth in the
forthcoming period.”
The global Clinical Trial Management System Market crossed USD 1.6 billion in the recent years and is expected
to continue growing during the forecast period. Rise in health concerns and increased R&D expenditure in life
sciences& clinical research organization are likely to drive the market growth in the forthcoming period. The
clinical trial management system industry witnesses several opportunities in form of availability of CTMS
solution, rise in government funds for CROs. However, significant costs and dearth of healthcare professionals
are likely to create major hindrance for the market growth during the forecast period. Overall, the clinical trial
management system market is expected to grow at a CAGR of 12.1%.A clinical trial management system (CTMS)
is tailor made software system to accomplish clinical trial data operations generated by pharmaceutical and
biotechnological companies.
A CTMS manages up-to-date clinical data initiation from planning of research proposal to preparation,
conducting and reporting generation. Clinical trial management system performs planning on budgets, report
budgeting, clinical data management and report generation and accordingly the requirements of recipient
companies vary from the future prospect. The clinical trial management system market is segmented into
delivery type, type, component and end-user. Geographical segmentation for clinical trial management system
industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific clinical
trial management system market is anticipated to grow at a higher CAGR in the forthcoming period due to rise
in number of clinical trials.
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