Global Clinical Trial Management System (CTMS) Market 2024-2028
The clinical trial management system (CTMS) market is forecasted to grow by USD 1861 mn during 2023-2028, accelerating at a CAGR of 14.27% during the forecast period. The report on the clinical trial management system (CTMS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing healthcare expenditure, rise in clinical trials for drugs, and increased adoption of CTMS.
Technavio's clinical trial management system (CTMS) market is segmented as below:
By Deployment
By End-user
- Pharmaceutical and biotechnology companies
- CROs
- Others
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing outsourcing of clinical trial process as one of the prime reasons driving the clinical trial management system (CTMS) market growth during the next few years. Also, integration of CTMS with other systems and adoption of cloud computing will lead to sizable demand in the market.
The report on the clinical trial management system (CTMS) market covers the following areas:
- Clinical trial management system (CTMS) market sizing
- Clinical trial management system (CTMS) market forecast
- Clinical trial management system (CTMS) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading clinical trial management system (CTMS) market vendors that include Advarra Inc., ArisGlobal LLC, Clinion Inc., Crucial Data Solutions Inc., Dassault Systemes SE, DATATRAK International Inc., DSG Inc., Ennov SAS, eResearchTechnology GmbH, International Business Machines Corp., Laboratory Corp. of America Holdings, MasterControl Solutions Inc., Medfiles USA, MedNet, Oracle Corp., Parexel International Corp., PHARMASEAL, RealTime Software Solutions LLC, Veeva Systems Inc., and Wipro Ltd.. Also, the clinical trial management system (CTMS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.