Clinical Trial Management System Market Size, Share, Growth Opportunities, Trends Analysis & Global Industry Forecast Report, 2023-2030
Clinical Trial Management System Market size reached USD 1,487 million in 2022 and is estimated to reach USD 3,413 million in 2030 and the market is estimated to grow at a very high CAGR of 12.6%
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Major Clinical Trial Management System Market Drivers
The major factors driving the global clinical trial management system market includes increasing prevalence of chronic and infectious diseases coupled with growing healthcare expenditure and rising government initiatives for digitalizing the healthcare industry worldwide. Also, rising research and development spending for outsourcing clinical trials due to rising demand for the novel drugs have created massive demand for the growth of the clinical trial management system. For instance, according to the Clinical Trial Government Organization in 2021, there were over 374,777 number of the clinical trials have been conducted in the United States.
Further, increasing healthcare spending with growing adoption of the digital tools in the hospitals and pharma industries have impelled the clinical trial management market growth. For instance, the healthcare spending on Research & Development in the pharmaceutical and biopharmaceutical industry around the globe has reached about US$ 1.7 trillion for achieving sustainable development goals (SDGs). This increase in healthcare spending has impelled the clinical trial management market growth.
Restraint in the Clinical Trial Management System Market
However, required high cost using the advanced technology services such as cloud; IoT devices may hamper the global Clinical Trial Management System market.
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Offering- Segment Analysis
Based on the Offering, software segment is expected to grow at the fastest rate in the global clinical trial management system market during the study period. This is primarily attributed to rising launching of the new digital tools and software for optimizing the clinical trial operations by the leading players. For instance, in 2020, Royal Philips has launched the clinical trial accelerator named Philips HealthSuite for improving the trial efficiency. The company’s accelerator consists of new tailored set of capabilities require in the life science organizations for integrating, analyzing and storing the clinical and patient-reported data.
Deployment mode – Segment Analysis
Based on the Deployment mode, cloud segment is projected to have the largest market share over the forecast period in the global clinical trial management system market in 2020, owing to rising adoption of the cloud based solutions for storing data of the clinical trials. For instance, in March, 2021, Formedix launched Cloud-based platform for clinical trials. These clinical trial software has all-in-one Cloud-based clinical metadata repository (MDR) system which uses study automation platform called ryze.
Delivery – Segment Analysis
Based on the delivery, on-site segment is projected to have the largest market share over the forecast period in the global clinical trial management system market, owing to rising demand for the research based activities for novel drugs activities.
Application – Segment Analysis
Based on the application, pharma holds the highest market share in 2020 in the global clinical trial management system market owing to surge in the global pharmaceutical and biopharmaceutical research activities.
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Regional – Segment Analysis:
Based on the region, North America region is expected to dominate the global clinical trial management system market in 2020 due to the rising adoption of the advanced technologies, presence of leading pharmaceutical players with growing government initiatives for research and development activities and approval of new drugs through extensive clinical trials. For instance, in Nov 2018, the United States FDA has provided approval for 59 new drugs which have used the clinical trial management system to overcome limitations of the conventional drug discovery methods with efficient and low-cost.
Top Market Players
Various notable players operating in the market, include, Oracle Corporation, DZS CLINICAL SERVICES, Crucial Data Solutions, Ennov, VEEVA SYSTEMS, DSG, Bioclinica, REALTIME SOFTWARE SOLUTIONS LLC, ERT, Advarra Technology Solutions, MedNet Solutions, and among others.
Key Developments:
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- In 2020, Inspirata launched new cloud-based cancer and clinical data extraction software services. This software launched a powerful tool for oncology healthcare professionals to extract, interpret, and gain valuable insight from clinical data.
Segments covered in the Report:
The global clinical trial management system market has been segmented on the basis of Offering, offering, systems, connectivity technology, application, and key regions. Based on Offering, the global market is divided into on premise based, Web hosted and Cloud based {Public, Hybrid, Private}), Based on the Deployment mode, the global clinical trial management system market is divided into Solutions, Services and Software. Based on the Delivery, the market is bifurcated into Enterprise and On-site. In terms of the Application, the global clinical trial management system is divided into Hospitals, Pharma, Medical Device Manufacturers, CROs and Others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD 1,487 million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Offering, By Deployment mode, By Delivery, By Application, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Oracle Corporation, DZS CLINICAL SERVICES, Crucial Data Solutions, Ennov, VEEVA SYSTEMS, DSG, Bioclinica, REALTIME SOFTWARE SOLUTIONS LLC, ERT, Advarra Technology Solutions, MedNet Solutions among others; a total of companies covered |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Clinical Trial Management System Market by Offering
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- Solutions
- Services
- Software
Global Clinical Trial Management System Market by Deployment mode
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- On premise based
- Web hosted
- Cloud based
- Public
- Hybrid
- Private
Global Clinical Trial Management System Market by Delivery
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- Enterprise
- On-site
Global Clinical Trial Management System Market by Application
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- Hospitals
- Pharmaceutical industry
- Medical Device Manufacturers
- Contract research organizations (CROs)
- Others
Global Clinical Trial Management System Market by Region
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North America Clinical Trial Management System Market (Option 1: As a part of the free 25% customization)
- By Offering
- By Deployment mode
- By Delivery
- By Application
- US Market All-Up
- Canada Market All-Up
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Europe Clinical Trial Management System Market (Option 2: As a part of the free 25% customization)
- By Offering
- By Deployment mode
- By Delivery
- By Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific Clinical Trial Management System Market (Option 3: As a part of the free 25% customization)
- By Offering
- By Deployment mode
- By Delivery
- By Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
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RoW Clinical Trial Management System Market (Option 4: As a part of the free 25% customization)
- By Offering
- By Deployment mode
- By Delivery
- By Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Major Players Operating in the Clinical Trial Management System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Oracle Corporation
- DZS CLINICAL SERVICES
- Crucial Data Solutions
- Ennov
- VEEVA SYSTEMS
- DSG
- Bioclinica
- REALTIME SOFTWARE SOLUTIONS LLC
- ERT
- Advarra Technology Solutions
- MedNet Solutions
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