Clinical Trial Management System Market size reached USD 1,321 million in 2021 and is estimated to reach USD 3,414 million in 2029 and the market is estimated to grow at a very high CAGR of 12.6%

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Market Dynamic

Key Drivers and Emerging Trends

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:

• • 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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Key questions answered in this research report:

• • At what pace is global Clinical Trial Management System market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Clinical Trial Management System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Clinical Trial Management System market?
  • Which Solutions generated maximum revenues in 2021 and identify the most promising Solutions during the forecast period?
  • What are the various Services areas of global Clinical Trial Management System market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 1,321 Million
Market Base Year	2021
Market Forecast Period	2022-2029
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

• • Solutions
  • Services
  • Software

Global Clinical Trial Management System Market by Deployment mode

• • On premise based
  • Web hosted
  • Cloud based
    • Public
    • Hybrid
    • Private

Global Clinical Trial Management System Market by Delivery

• • Enterprise
  • On-site

Global Clinical Trial Management System Market by Application

• • Hospitals
  • Pharmaceutical industry
  • Medical Device Manufacturers
  • Contract research organizations (CROs)
  • Others

Global Clinical Trial Management System Market by Region

• • 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
  • 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
  • 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
  • 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

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)

• • Oracle Corporation
  • DZS CLINICAL SERVICES
  • Crucial Data Solutions
  • Ennov
  • VEEVA SYSTEMS
  • DSG
  • Bioclinica
  • REALTIME SOFTWARE SOLUTIONS LLC
  • ERT
  • Advarra Technology Solutions
  • MedNet Solutions