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Clinical Trial Management Systems Market to Surpass US$ 1.7 Billion Threshold by 2025: CMI

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The Global Clinical Trial Management Systems Market was valued at US$ 323.4 million in 2015 and is projected to expand at a CAGR of 13.0% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. P
GLOBAL CLINICAL TRIAL
MANAGEMENT SYSTEM MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Clinical Trial Management System Market Overview
The Global Clinical Trial Management Systems Market was valued at US$ 323.4 million in
2015 and is projected to expand at a CAGR of 13.0% during the forecast period (2017–
2025), as highlighted in a new report published by Coherent Market
Insights. Pharmaceuticals manufacturers focusing on achieving first mover advantage, which
in turn is projected to support growth of the clinical trial management systems market over
the forecast period.
Request Sample Copy of the Business Report:
https://www.coherentmarketinsights.com/insight/request-sample/212
Large pharmaceutical companies have various complex and parallel functions that need to
be carried out simultaneously and effectively, so as to ensure smooth functioning of all
services. Such large volumes of data need to be managed and analyzed effectively, a
function that is mainly outsourced to third-party organizations – a highly lucrative and
fledgling sector. This poses its own set of challenges, as clinical trials are conducted across
various geographic locations. Clinical trial management systems offer a highly effective
solution, which allows for recording and coordinated analysis of such data through a
common access point. It also helps reduce turnaround time and increases operational
efficiency, while drastically reducing human error. The above mentioned factors are
expected to support the growth in the clinical trial management market over the forecast
period.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Globally there are several healthcare IT companies who develop and modify the clinical trial
management software. There are several customized software to manage clinical trials data
according to client need and study protocol. According to the study conducted by the University
of Minnesota and University of Michigan by 2018, all the clinical trial conducting company will use
OnCore clinical trial management system as OnCore will provide the functional features such as
Clinical Research Management, Study Setup, eCRFs, Financials, Visit Tracking & Data Capture,
Study Data Management and Revenue Management. This is expected to be one of the crucial
factors favoring the gain in traction for clinical trial management market in the near future.
Browse Press Release: https://www.coherentmarketinsights.com/pressrelease/clinical-trial-management-systems-market-to-surpass-us-17billion-threshold-by-2025-as-software-segment-takes-center-stage-193
There are various players in the market that are confined to their strategies and focused on
the same for the growth of their products and services to favor the increase in revenue for
their organization. Furthermore, the companies are equipped with various skilled employees
that are continuously working on the development and advancement of such products that
aligns to the need and requirement of the users. Since clinical trials are the critical process
and takes a long time, which involves bundle of data sets that are to be analyzed and results
are to be extracted from them.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Key takeaways of the market:
• The global clinical trial management systems market is expected to expand at a CAGR
of 13.0% during the forecast period (2016–2024). Globalization of research and
development are favoring demand for software component type segment that is
expected to favor the market for clinical trial management systems over the forecast
period.
• The cloud-based mode of delivery segment in the global clinical trial management
systems market was estimated to be the largest in 2015 and is expected to retain its
dominance in the market throughout the forecast period in terms of value
• In terms of end user segment, the pharmaceuticals & biotech firm is expected to
expand at a significant CAGR of 12.8% during the forecast period, owing to more
advanced in terms of infrastructural installations of medical systems
• The global clinical trial management systems market is characterized by Market
expansion in Asia Pacific, Africa, and Middle East could generate higher market
revenue due to the growing clinical research in the emerging economies
• Some of the major companies offering clinical trial management system market are
Oracle Corporation, Medidata Clinical Cloud, Veeva Systems, Infosys, Bio-Optronics,
BioClinica, and MedNet Solutions.
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https://www.coherentmarketinsights.com/insight/requestcustomization/212
© Coherent market Insights. All Rights Reserved
ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market intelligence and consulting organization focused on
assisting its plethora of clients achieve transformational growth by helping them make critical business
decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our
client base includes players from across all business verticals in over 150 countries worldwide. We are
uniquely positioned to help businesses around the globe deliver practical and lasting results through
various recommendations about operational improvements, technologies, emerging market trends and
new working methods. We offer both customized and syndicated market research reports that help our
clients create visionary growth plans to provide traction to their business. We meticulously study
emerging trends across various industries at both the global and regional levels to identify new
opportunities for our clientele.
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ABOUT CMI
SECTOR COVERAGE
BIOTECHNOLOGY
CLINICAL DIAGNOSTIC
HEALTHCARE IT
MEDICAL DEVICES
MEDICAL IMAGING
PHARMACEUTICAL
OUR CLIENTS
 Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry
 Component Providers and System Integrators
 Private and Government organization
 Distributors, Retailors and Value Added Resellers
 Outsourcing Companies
 Healthcare IT Solutions Developers
 Universities and Business Schools.
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KEY STATS
RESEARCH SOLUTIONS
100+
FEASIBILITY
STUDIES
Insights Published
Per Year
GLOBAL
REPORTS
150+
Consulting Projects
Till Date
COUNTRY
ANALYSIS
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PROJECTS
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Clients Worldwide
Per Year
110+
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RESEARCH
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FORECAST
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Analysts and Contract
Consultants
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including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in
order to result in the best possible market research reports across various industries worldwide. Based on our unmatched
expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better
outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure
sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of
opportunities posed therein.
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(Manager - Business Development)
Coherent Market Insights
[email protected]
+1-206-701-6702
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