Persistence Market Research has recently published a global market study on clinical trial management systems. The market is estimated to be valued at US$ 2 Bn in 2021 and is expected to surge at a CAGR of 14% from 2021 to 2031, to reach an estimated value of US$ 7 Bn by the end of 2031.
Clinical trial is a medical research study performed on humans to check the safety and efficacy of drugs, devices and therapeutic products before they are finally launched in the market. Globally, the CTMS market is witnessing significant growth due to increasing R&D investment in pharmaceutical, life science and clinical research industries.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/3017
- Oracle Corporation.
- Merge Healthcare Incorporated.
- Medidata Solutions Inc.
- PAREXEL International Corporation.
- MedNet Solutions, Inc.
- Bio-Optronics, Inc.
- DSG, Inc.
Get a Customized Scope to Match Your Need Ask an Expert- firstname.lastname@example.org
It empowers organizations and research centers to enhance productivity and effectiveness of clinical trials by advancing and managing clinical trials.
Integration of CTMS with hospital information system (HIS) provides more accurate and time saving documentation is also driving growth for the CTMS market. Additionally, increasing prevalence of diseases is supporting clinical trials in different regions, and increased clinical research outsourcing is playing a major role in the growth of the CTMS market.
Increasing regulatory requirements in many countries has resulted in increased complexity for clinical trial protocols. Presence of various end users such as pharmaceuticals, clinical research organizations (CRO) and healthcare providers has increased the acceptance of CTMS.
North America is a traditional clinical trial region. Due to regulatory and legal considerations and the clinical trial market has shifted from North America to developing countries such as India and China. Clinical trials in the U.S. have been funded and sponsored by National Institute of Health (NIH), other government agencies, academic groups, voluntary health organizations and industry.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/3017
In Europe, countries in Central and Eastern Europe provide abundant chance to life science companies for clinical development. Due to governmental support and funding for biomedical sciences, Germany has become a preferred location for clinical trials and is one of the most lucrative markets for the market.
However, Asia is the fastest growing region in the clinical trial management system market. Improved industry regulatory laws and patent expiration laws in various countries including Japan, China and India, have led to the expansion of the clinical trials market in Asia and this trend is expected to grow by the end of 2031. Asia has lower cost of conducting clinical trials compared to Europe or the U.S.
Read More Trending “PMR Exclusive Article”-
Microfluidic Devices Market–Microfluidic Devices Market Segmented By Glass, Polymer, Silicon Material in In-vitro diagnostics, Pharmaceutical, Medical Devices for Point of care testing, Drug Delivery, Analytical devices, Clinical and veterinary diagnostics, Environment and Industrial
About Us: – Persistence Market Research
Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – email@example.com
Website – https://www.persistencemarketresearch.com
Why pay for news and opinions when you can get them for free?
Subscribe for free now!
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
BUSINESS2 days ago
The benefits of multi-channel marketing for businesses
NEWS3 days ago
Marketmind: Markets brace for inflation trifecta
NEWS3 days ago
Renault unveils new R5 as it taps past success for electric future
NEWS3 days ago
UK job vacancies fall 15% year-on-year in January, Adzuna data shows