Clinical Trial Management Market-New Research Report Announced with business priorities in order to assist companies to realign their business strategies.
Los Angeles, CA -- (SBWIRE) -- 10/13/2018 -- This report focuses on the global Clinical Trial Management (CTM) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Clinical Trial Management (CTM) development in United States, Europe and China.
Clinical trial management (CTM) systems utilize different models of simulation and regression to store and interpret the vast amount of unstructured data generated during different clinical trials. These systems help maintain and manage clinical trials conducted by different pharmaceutical companies and clinical research organization. In addition, these systems make it easier to track and monitor the participants involved in the trial, site selection, identify & enroll different subjects, and analyze vast amount of data.
Rise in the number of clinical trials owing to the large demand for novel therapeutic drugs and medical devices drive the growth of the market. Moreover, the increase in prevalence of chronic diseases, surge in the trend of outsourcing of clinical trials, and increase in awareness regarding the benefits of using CTM fuels the growth of the clinical trial management market. However, high cost associated with CTM and dearth of skilled professionals hamper the market growth.
In 2017, the global Clinical Trial Management (CTM) market size was 630 million US$ and it is expected to reach 1700 million US$ by the end of 2025, with a CAGR of 13.2% during 2018-2025.
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The key players covered in this study
Forte Research Systems
Merge Healthcare Incorporated.
DZS Software Solutions
Guger Technologies Inc.
iWeb Technologies Limited
Market segment by Type, the product can be split into
Market segment by Application, split into
Pharmaceutical and Biopharmaceutical Companies
Clinical Research Organizations
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