Transparency
Market Research has announced the addition of a new research report
based on the global clinical trial management to its extensive
research report database. The report, titled “Clinical
Trial Management System (CTMS) Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2014 - 2019”,
states that the global clinical trial management systems market,
which was worth US$844 million in 2013, will grow at a CAGR of 14%
between 2013 and 2019 to acquire net worth of an estimated US$1,848.5
million by 2019.
Browse
Report:
http://www.transparencymarketresearch.com/clinical-trial-management-systems-market.html
October
7, 2014, Albany New York:
The
market of clinical trial management systems (CTMS) covers software
solutions that would enable proper management, analysis, and storage
of data associated with drugs in clinical systems. The CTMS market is
progressing-forward at a huge pace owing to the rise in R&D
activities in clinical research, pharmaceuticals and life science
industries. CTMS products enable enhanced productivity and
effectiveness of clinical trials through advanced and managed
processes, thus empowering research centers and organizations and
leading to improved research results.
Integration
of CTMS products with Hospital Information Systems (HIS) allows quick
and accurate documentation, which is also a major reason why the
global CTMS market is growing substantially. The rising prevalence of
infectious and chronic diseases across the globe is supporting
increased investment in research activities, consecutively rising the
number of clinical trials and clinical research outsourcing
activities. Collectively, these factors are expected to amplify
growth opportunities for the global CTMS market.
The
report analyzes the global CTMS market on the basis of five major
market components – delivery modes of CTMS services, types of CTMS
products and services, End-users of CTMS products and services,
components of a typical clinical trial management service, and the
major regional markets.
Based
on the modes of delivery, the report classifies the CTMS market into
cloud based clinical trial management systems, On-premise clinical
trial management systems, and web based clinical trial management
systems. Based on types of CTMS products and services, the report
classifies the market into enterprise based CTMS services and
products, and site based CTMS services and products. Most prominent
end-users of the global CTMS market, as analyzed by the report,
include pharmaceuticals, healthcare providers, and clinical research
organizations. Market analysis of the various components that form a
typical clinical trial management system, i.e. hardware, software and
services, is also included in the report.
The
report states that the sub-categories web based CTMS and
pharmaceuticals are the largest share holders of the global CTMS
market in their respective categories.
North
America leads the CTMS market in terms of regionally active
geographic markets; in 2013, this market had a net worth of
approximately US$514.4 million. Through 2019, the CTMS market
in this region is forecast to grow at a CAGR of 13.6%, enabling this
market to acquire a net worth of US$ 1,107.5 million by 2019.
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Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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