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Global Clinical Trial Management System CTMS Market 20172021 [Report Updated: 06112017] Prices from USD $3500

07:01 EST 13 Nov 2017 | BioPortfolio Report Blog

About Clinical Trial Management System CTMS


Clinical trials are defined as research studies undertaken to successfully test a drug or a medical device before launching the product in the market. These studies are pivotal as the data generated in these studies forms the basis for the approval process of a drug or a medical device. Typically, these clinical trials are divided into five phases with each phase as critical as any other. It takes approximately 12 years to successfully complete a clinical trial, and the typical cost estimate of a clinical trial is $800 million to $1.2 billion with a success rate of 12% that the drug will get approved in the market or not.


Technavio's analysts forecast the global clinical trial management system CTMS market to grow at a CAGR of 12.98% during the period 20172021 .


Covered in this report

The report covers the present scenario and the growth prospects of the global clinical trial management system CTMS market for 20172021 . To calculate the market size, the report considers the revenue generated from the retail sales of CTMS components that comprise software and services.


The market is divided into the following segments based on geography:

Americas

APAC

EMEA


Technavio's report, Global Clinical Trial Management System CTMS Market 20172021, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key vendors

Bioclinica

Medidata

Oracle

PAREXEL

Other prominent vendors

ArisGlobal

BioOptronics

DATATRAK

DSG

ERT Clinical

FORTE

MedNet Solutions

Merge

Trial By Fire Solutions

Veeva Systems

Market driver

Increase in RD expenditure

For a full, detailed list, view our report


Market challenge

Rising cost of clinical trials

For a full, detailed list, view our report


Market trend

Increasing outsourcing of clinical trial process

For a full, detailed list, view our report


Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?


You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Original Article: Global Clinical Trial Management System CTMS Market 20172021 [Report Updated: 06112017] Prices from USD $3500

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