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Clinical Trial Management Systems (CTMS) - Global Market Trajectory & Analytics

  • ID: 1824112
  • Report
  • April 2021
  • Region: Global
  • 245 Pages
  • Global Industry Analysts, Inc
Global Clinical Trial Management Systems (CTMS) Market to Reach $1.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Clinical Trial Management Systems (CTMS) estimated at US$728.8 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 11.9% over the period 2020-2027. Enterprise CTMS, one of the segments analyzed in the report, is projected to record 12.8% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Site CTMS segment is readjusted to a revised 9.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $215.1 Million, While China is Forecast to Grow at 11.4% CAGR

The Clinical Trial Management Systems (CTMS) market in the U.S. is estimated at US$215.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$279.7 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 10% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.

Select Competitors (Total 62 Featured):
  • ArisGlobal LLC
  • BioClinica Inc.
  • Bio-Optronics Inc.
  • DSG Inc.
  • eResearch Technology Inc.
  • IBM Watson Health
  • Medidata Solutions
  • MedNet Solutions
  • Nextrials Inc.
  • Oracle Corp.
  • PAREXEL International Corp.
  • Trial By Fire Solutions LLC
  • Veeva Systems Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Clinical Trial Management Systems (CTMS) Gain Ground
  • Recent Market Activity
  • Benefits Offered by CTMS
  • Global Market Overview
  • Clinical Trial Management Systems Market to Post Explosive Growth
  • Web-based Systems Dominate, Cloud-Based to Witness Fastest Growth
  • Key Players in the CTMS Market
  • Developed Countries Rule the Market
  • Pharmaceutical Firms and CROs to Drive Adoption Rate
  • Noteworthy Transformations in the Global Clinical Trial Sector
2. FOCUS ON SELECT PLAYERS
  • ArisGlobal, LLC (USA)
  • BioClinica, Inc. (USA)
  • Bio-Optronics, Inc. (USA)
  • DSG, Inc. (USA)
  • eResearch Technology, Inc. (USA)
  • IBM Watson Health (USA)
  • MedNet Solutions (USA)
  • Medidata Solutions (USA)
  • Nextrials, Inc. (USA)
  • Oracle Corp. (USA)
  • PAREXEL International Corp. (USA)
  • Trial By Fire Solutions, LLC (USA)
  • Veeva Systems, Inc. (USA)
  • Winchester Business Systems (USA)
3. MARKET TRENDS & DRIVERS
  • Surging Global Population Offers Increased Growth Opportunities
  • Increased Spend on R&D - An Important Growth Driver
  • CROs - The Targeted Customers for CTMS
  • Outsourcing of R&D Projects to Propel CRO Market, Drives CTMS Demand
  • CROs Adept with New Technologies to See More Business in Future
  • Rise in Clinical Trial Complexities Propels CTMS Demand
  • Pharmaceutical & Biopharmaceutical Trends to Support CTMS Demand
  • Adoption of Digital Technologies Gains Pace
  • Clinical Trial Operators Demand Efficient Data Management Platforms
  • DLB System’s Solution with Data Management Tools
  • Systems Integration Becomes Imperative
  • Technological Innovations Drive Market Growth
  • MC10 Introduces BioStampRC System to Capture Clinical Trial Data
  • UF Health Cancer Center Unveils OnCore® Clinical Trials Management System
  • UAB Unveils Innovative Technology to Streamline Clinical Trial Management Solution
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 62
Note: Product cover images may vary from those shown
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