Global Clinical Trial Software Market 2023

Global Clinical Trial Software Market 2023

Clinical trial software is a type of software designed specifically for the management and execution of clinical trials. Clinical trials are medical research studies in which human participants are involved to evaluate the effectiveness, safety, and side effects of new drugs, medical devices, and treatments. Clinical trial software helps clinical research organizations and pharmaceutical companies to manage, track, and monitor all aspects of the clinical trial process, from recruiting participants and managing study data to monitoring adverse events and generating reports. Such software often contains modular functionalities that allow customized workflows and processes, depending on the requirements of the particular study. The analysis predicts the global clinical trial software market will grow from USD 1,061.0 million in 2022 to USD 2,385.4 million by 2029, achieving a compound annual growth rate (CAGR) of 12.27 percent.

This industry report offers market estimates of the global market, followed by a detailed analysis of the feature, delivery, end user, and region. The global market data on clinical trial software can be segmented by feature: EDC, eCOA & ePRO, econsent. The EDC segment was the largest contributor to the global clinical trial software market in 2022. Clinical trial software market is further segmented by delivery: on-premise, SaaS, web-based. According to the research, the web-based segment had the largest share in the global clinical trial software market. Based on end user, the clinical trial software market is segmented into: biotech and pharmaceutical companies, CROs, medical device companies, others. The CROs segment held the largest revenue share in 2022. On the basis of region, the clinical trial software market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, North America made up the largest share of the clinical trial software market.

The global clinical trial software market is highly competitive. Key companies profiled in the report include BSI Business Systems Integration AG, Clario (combination of Bioclinica and ERT), Dassault Systemes SE, DATATRAK International Inc., Fortress Medical Systems LLC., IBM Corporation, IQVIA Holdings Inc., Laboratory Corp of America Holdings (LabCorp), Medrio Inc., OpenClinica LLC, Oracle Corporation, Parexel International Corporation, RealTime Software Solutions LLC, Reify Health Inc., Veeva Systems Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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