Pulished Date January, 2020
ID: 9119
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Global Clinical Trial Management System (CTMS) Market Analysis - By Delivery Mode, Component, Type of System, End-User, Region (North America, Europe, APAC, LATAM and MEA) – Industry Size, Share, Trends, Growth, Forecast | 2019 - 2024

Pulished: January, 2020
ID: 9119
Pages: 120

Global CTMS Market Size & Growth (2019 - 2024)

The Global Clinical trial management system (CTMS) market size is to expand at a CAGR of 12.6% to reach USD 1065.6 million by 2024 from USD 590.0 million in 2019.

What is CTMS?

Clinical trial management system (CTMS) is software in the biotechnology field which tracks every deadline and milestones in clinical research. This will enhance productivity with proper planning and making the best use of available resources.

Key Market Growth Drivers

Increasing incidences of chronic diseases and growing demand for effective treatment procedures is a key driving factor for the market to grow. In addition, the market is fueled by rising investments in healthcare centers by the government.

Major Challenges

However, frequent updates in the software are hindering the growth of the CTMS market. The cost for installation of the systems is a little high and this remained a challenging factor for the market developers.

Potential Opportunities

Growing research and development institutes in biotechnology with the latest equipment are ascribed to bolster the demand of the market. The emergence of the latest technologies and the launch of innovative products with this system is surging growth opportunities for the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Delivery Mode, Component, Type of System, End-User, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

PAREXEL International Corporation, (US), Bioclinica, (US), Oracle Corporation (US), Medidata Solutions, Inc. (US), Bio-Optronics, Inc. (US), and IBM (US)

 

This research report segmented and sub-segmented the Global Clinical Trial Management System Market into the following categories and evaluated market size and forecast for each segment until 2024.

Clinical Trial Management System Market Analysis - By Delivery Mode

  • Web-based CTMS
  • On-premise CTMS
  • Cloud-based CTMS

Based on the delivery mode, the Cloud-based CTMS segment is accounted for in holding the highest shares of the market with the increasing demand for the utilization of big data.

Clinical Trial Management System Market Analysis - By Component

  • Software
  • Hardware
  • Services

Clinical Trial Management System Market Analysis - By End User

  • Pharmaceuticals
  • Clinical Research Organization
  • Other End Users

By end-users, the Pharmaceutical end-user is leading with dominant shares of the market. The rise in the construction of hospitals and pharmaceutical industries is propelling the demand of this market.

Clinical Trial Management System Market Analysis - By Type of System

  • Site-based Clinical Trial Management System
  • Licensed Enterprise-based Clinical Trial Management System

Clinical Trial Management System Market Analysis - By Region

  • North America - US, Canada, Mexico and Rest of North America
  • Europe - UK, France, Spain, Germany, Italy,  Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
  • APAC - India, China, Japan, South Korea,  Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
  • Latin America - Brazil, Argentina, Chile and Rest of Latin America
  • Middle East and Africa -  KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Geographically, North America is leading with the highest shares of the market by owing to the adoption of the latest technologies. Asia pacific is following North America in holding significant shares of the market with the rising population and increasing health disorders. Europe is growing at a faster rate from the past decade by increasing capital income in most of the countries. The Middle East and Africa are anticipated to have inclined growth rate in near future with the rise in the scale of the pharmaceutical industries.

List of key industry participants leading the Global CTMS Market profiled in this report are:

  1. Bioclinica
  2. Bio-Optronics Inc.
  3. DATATRAK International Inc.
  4. ERT Clinical
  5. IBM
  6. Medidata Solutions Inc.
  7. MedNet Solutions Inc.
  8. Oracle
  9. Parexel International Corporation
  10. ArisGlobal
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Delivery Mode
      1. Web-based CTMS
      2. On-premise CTMS
      3. Cloud-based CTMS
      4. Y-o-Y Growth Analysis, By Delivery Mode
      5. Market Attractiveness Analysis, By Delivery Mode
      6. Market Share Analysis, By Delivery Mode
    2. By Component
      1. Software
      2. Hardware
      3. Services
      4. Y-o-Y Growth Analysis, By Component
      5. Market Attractiveness Analysis, By Component
      6. Market Share Analysis, By Component
    3. By End User
      1. Pharmaceuticals
      2. Clinical Research Organization
      3. Other End Users
      4. Y-o-Y Growth Analysis, By End User
      5. Market Attractiveness Analysis, By End User
      6. Market Share Analysis, By End User
    4. By Type of System
      1. Site-based Clinical Trial Management System
      2. Licensed Enterprise-based Clinical Trial Management System
      3. Y-o-Y Growth Analysis, By Type of System
      4. Market Attractiveness Analysis, By Type of System
      5. Market Share Analysis, By Type of System
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Material Type
        3. By Form
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Material Type
        3. By Form
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Material Type
        3. By Form
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Bioclinica
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Bio-Optronics Inc.
    3. DATATRAK International Inc.
    4. ERT Clinical
    5. IBM
    6. Medidata Solutions Inc.
    7. MedNet Solutions Inc.
    8. Oracle
    9. Parexel International Corporation
    10. ArisGlobal
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Clinical Trial Management System Market

Clinical Trial Management System Market

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