Albany, NY -- (SBWIRE) -- 11/06/2012 -- Several studies are performed on a human being to check the efficacy or safety of drugs, devices or therapeutic products, and these types of research performed are known as clinical trials. These researches are carried out before drugs, devices and therapeutic products are launched into the market. They require huge investment at the initial level and in the present scenario it has become mandatory for hospitals to carry out such research.

Read More: Clinical Trial Management Systems Market

It is expected that the global CTMS (Clinical Trial Management System) market will grow at a CAGR of 14.54% during the period 2011 to 2016. On the global level, North America was known to lead with its global market share of 621.89% in 2010 and the reason behind this is the maximum number of trials conducted in the US. North America is expected to witness the fastest growth and provide opportunity in the future followed by Europe that stands at the second position. Asia-Pacific is also expected to grow in the coming years, following the US and Europe.

The CTMS market can be divided into three types based on the mode of delivery:

- Cloud-based CTMS
- Web-based CTMS
- On-Premise CTMS, and

Global market, by types:

- Site
- Enterprise
- Pharmaceutical/biopharmaceutical

Global market, by end-users:

- CRO’s (Clinical Research Organizations)
- Research Institutions
- Healthcare Providers
- Academic Institutions
- Hospitals

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Global market, by components:

- Software
- Hardware
- Services

The geographies covered in this report are as follows:

- North America
- Europe
- Asia Pacific
- RoW

Some of the major players in this market are Oracle Corporation, Perceptive Informatics, BioClinica, Bio-Optronics, Volodyne Technologies, eResearch Technology, Integrated Clinical Solutions, MedNet Solutions, DSG, eClinForce, Medidata Solutions, Nextrials, Oracle, Perceptive Informatics, StudyManager, Merge eClinical, LLC, and Winchester Business Systems, among others.

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