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Clinical Data Management Market Trends Estimates High Demand by 2026

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The process of collection, documentation, and data storage, which are critical for clinical trials or procedures and to biotechnology companies and pharmaceutical manufacturers is termed as Clinical Data Management (CDM). Clinical data management to
Clinical Data Management Market Expansion to be
Persistent During 2026
Clinical Data Management Market - Global Industry Insights, Trends, Outlook,
and Opportunity Analysis, 2018-202
The process of collection, documentation, and data storage, which are critical for clinical trials or
procedures and to biotechnology companies and pharmaceutical manufacturers is termed as Clinical
Data Management (CDM). Clinical data management tool is employed in clinical research for
managing the data of a clinical trial. Data management is a process of collection, integration, and
management of subject data in compliance with regulatory standards.
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Clinical data management is a fundamental phase in clinical research leading to the generation of highquality, reliable, and statistically comprehensive data to reduce time duration from drug development to
marketing. The clinical data is captured in a paper or electronic data capture format. Pharma
companies, contract research organizations, and IT companies are involved in CDM activities. Data is
collected from multiple sources and stored in a patient-centric fashion in a data repository commonly
known as clinical data repository.
The major goal of CDM is to assure that the data support deductions drawn from the research to protect
public health and trust in marketed therapeutics. Outsourcing of clinical data management to IT service
providers is done by the organizations to focus on core competencies of clinical research and
pharmaceuticals, reduction in operational expenditure, and investment in research and development
activities.
Rising number of clinical trials drives the clinical data management market
Advantages of web-based data collection tools such as reduced time and ease in data entry, low cost,
flexibility in format, and the ability to capture additional response-set information drive the clinical
data management market. Additionally, high levels of productivity and efficiency offered by clinical
data management are expected to redefine the traditional data management process by the companies
thereby augmenting the clinical data management market growth. Also, increase in research and
development expenditure of clinical research and life science industries coupled with increasing
number of clinical trials is a factor contributing to the growth of clinical data management market.
Key players operating the clinical data management market include OmniComm Systems, Oracle
Corporation, BioClinicia, ERT, PHT Corporation, MedNet Solutions Inc., PAREXEL International
Corporation, eClinical Solutions Inc., Datatrak International Inc., and Medidata Solutions, Inc.
North America is expected to dominate the market due to rise in demand for patient data
standardization
Regional segmentation of clinical data management market by Coherent Market Insights comprises
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to the
National Institutes of Health estimates in 2015, around 89,528 clinical trials were conducted in the
U.S., which, in turn, raised the demand for storing comprehensive statistical patient data in. Moreover,
the growth of North America market is driven by increasing need for data standardization and rising
investments by biotechnology and pharmaceutical companies in research and development. The
surging growth in Asia Pacific is attributed to a number of factors including rise in outsourcing of
clinical trials, availability of diverse patient population, and less regulatory guidelines by the
government. Click To Read More On Clinical Data Management Market.
Focus on high-quality clinical data by Oracle Clinical segment fuels the market growth
The global clinical data management market is segmented on the basis of tools, service, delivery mode,
end-use industry, and geography.
On the basis of tools, the global clinical data management market is segmented into:
•Oracle Clinical
•Clintrial
•Macro
•Rave
•eClinical Suite
On the basis of services, the global clinical data management market is segmented into:
•Case Report Form (CRF) Designing
•Data Entry and Validation
•Discrepancy Management
•Medical Coding
•Others
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through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
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ravikiran
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