- The clinical trial management systems market will achieve a value of $1.76 billion by 2017
- The US is the largest clinical trial management systems (CTMS) market
- CTMS subscription services are likely to be adopted by pharmaceutical companies
LONDON--(BUSINESS WIRE)-- It is expected that the clinical trial management systems (CTMS) market will achieve a value of $1.76 billion by 2017, according to a new report on companiesandmarkets.com. Pharmaceutical companies are seeking opportunities to reduce costs associated with drug development, and increasingly complex Phase IV trials are driving market demand for technology which can cope with the demands of present and future clinical trials.
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Drug development pipelines are reducing and outsourcing is increasing, subsequently providing more opportunities for the clinical trial management systems market. The US is the largest clinical trial management systems (CTMS) market, and represents a distinct growth opportunity, as many of its clinical trials operations have yet to adopt electronic management technologies. The second largest market, Europe, is considerably behind the US; while growth in the Asia-Pacific region is expected to increase at an accelerated rate of 14.4% p/a.
Clinical trial management systems companies are looking to enhance their propositions with more innovative solutions, particularly in the field of regulatory compliance. The clinical trial management systems report indicates that improvements could help pharmaceutical companies to save between $10-$12 million p/a.
Within the report are profiles of 75 companies active in the clinical trial management systems market, including Winchester Business Systems; Aris Global LLC; StudyManager Inc; Medidata Solutions; BioClinica Inc; eClinForce Inc; Nextrials Inc; Perceptive Informatics Inc; Bio-Optronics In; eResearch Technology Inc; MedNet Solutions; Clinical Force Inc; DSG Inc; Oracle; Integrated Clinical Solutions Inc and Merge eClinical Inc.
The 412 page report examines the clinical trial management systems market, including historic and forecast data for 2003-2017. The report is split by the following geographies: Asia Pacific, Canada, Europe (comprising France, Germany, Italy, UK, and Rest of Europe), Japan, US and Rest of World. The US market is broken down further by product: Application Software, Middleware and Operating System. Discussion of trends; market drivers/barriers; products and other market-influencing factors, is also included.
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KEYWORDS: United Kingdom Europe
INDUSTRY KEYWORDS: Health Biotechnology Clinical Trials Pharmaceutical