Global Clinical Data Management Systems (CDMS) Market size, Trends & Growth Opportunity, By Delivery Mode (Licensed Enterprise Solutions, Cloud-based Solutions, Web-hosted Solutions), By End-user (Contract Research Organizations, Medical Device Companies,

Global Clinical Data Management Systems (CDMS) Market size, Trends & Growth Opportunity, By Delivery Mode (Licensed Enterprise Solutions, Cloud-based Solutions, Web-hosted Solutions), By End-user (Contract Research Organizations, Medical Device Companies, Pharma/Biotech Companies), By Application (Hospitals, CROs, Pharma & Biotech Organisations, Others), By Region & Forecast till 2027.

Global Clinical Data Management Systems (CDMS) Market

The Global Clinical Data Management Systems (CDMS) Market was valued at USD 1532.18 million in 2021 which is expected to reach 4,270.94 million by 2027 at a CAGR 15.4% from 2022-2027.

A Clinical Data Management Systems or (CDMS) is an appliance used in clinical research to maintain the data of clinical trial. The clinical trial data assembled at the investigator site in the case report form are put down in the CDMS. To minimize the chances of miscalculation because of human entry, the systems hire various means to verify the data.

Market Drivers

Increasing number of clinical trials is the key factor to drive the clinical data management market. Benefit of web- based data collection device such as shorten time & relaxation in data entry, low price, flexibility in format and the potential to capture additional response set information boost the clinical data management market. Additionally high level of productivity and efficiency provided by clinical data management are expected to redefine the traditional data management process by the companies thereby multiplying the clinical data management market growth. Likewise rise in Research & Development expenditure of clinical research & Life Sciences industries conjugate with growing number of clinical trials is a factor contributing to the development of clinical data management market.

Market Restraints

Data collection leads to worry surrounding patient privacy chiefly in electronic data capture segment that may act as restraint in the market growth. The increase in exchange of database amongst CROs, research institute, software companies & different stakeholders, raise the risk of data violation. Simple access and effortless sharing generally required opening data so that data can be used and share which will leads to restrain the clinical data management market growth.

This can further reveal components of a company to digital security warnings conceivably arise into incidents such as data violation affecting the confidentiality, integrity or availability of data and information system on which social and economic activities depends. Such increasing concern of data ejaculation may restrict the acquisition of clinical data management system, so that hampering the market expansion.

Market Segmentation

The Global Clinical Data Management Systems (CDMS) Market is segmented into Delivery Mode, End-user, Application. By Delivery Mode such as Licensed Enterprise Solutions, Cloud-based Solutions, Web-hosted Solutions. By End User such as Contract Research Organizations, Medical Device Companies, Pharma/Biotech Companies. By Application such as Hospitals, CROs, Pharma & Biotech Organisations, Others.

Regional Analysis

The Global Clinical Data Management Systems (CDMS) Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America considered for 46.5% of the global clinical data management system market in 2021. During the forecast period the Global Clinical Data Management Systems (CDMS) Market is expected to grow owing to wide-ranging drug development activities in North America. The increasing growth of Global Clinical Data Management Systems (CDMS) Market in Asia Pacific is credited to a number of components including rise in outsourcing of clinical trial, availability of diverse patient population & less regulatory guidelines by government.

Key Players

Various Key Players are listed in this report such as Medidata, Oracle, IBM, PAREXEL Informatics, BioClinica, Medrio, Forte Research Systems, Taimei Technology, Ofni Systems, Fortress Medical Systems.

Market Taxonomy

By Delivery Mode

• Licensed Enterprise Solutions
• Cloud-based Solutions
• Web-hosted Solutions

• Contract Research Organizations
• Medical Device Companies
• Pharma/Biotech Companies

• Hospitals
• CROs
• Pharma & Biotech Organisations
• Others.

• North America
• Latin America
• Europe, Asia Pacific
• Middle East & Africa.