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Clinical Trial Management System Market Latest Study (KINAPSE LTD, Acceliant, Clinical Systems Ltd, Telerx) with Competitive Landscape

Global Clinical trial management system Market Information, By Type (Standard CTMS, CTMS Accelerator, Customized CTMS and others), By Application (In House, Hosted and others)
Published 09 February 2018

The Global Clinical Trial Management System Market is expected to grow at a CAGR of ~15% forecasted period -2018-2022.

Clinical trial management system are those which maintain and record the information and data which is used to track the clinical trials. Information extracted during clinical trials are vast and highly complex and they are need to be routinely processed through multiple regression, simulation and other models. To maintain the information scientists and industry players are working towards the development of management and maintenance of this data. The market for clinical trial management system is booming due to increasing demand for the management of the clinical trial data collected at the time of clinical research and track the milestones for the further studies for the biotechnology and pharmaceutical companies to make advanced and improved products for the patients. 

Some of the key functions of clinical trial management system includes cataloging the history of the clinical trials associated with the organizations and individuals, site management, subject tracking among others. On the basis of type of clinical trial management system they are segmented into standard clinical trial management system, CTMS accelerator and customized clinical trial management system.

Standard clinical trial management system are Out-of-the-box system without organization-specific customizations while clinical trial management system accelerator are pre-configured version of a standard clinical trial management system that includes requested configurations and enhanced functionality for clinical trials data management. They can satisfy many of the organization’s key requirements without additional development and the customized clinical trial management system are those which includes standard or accelerator system that is tailored to organization specific configurations.

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These are commonly used by pharmaceutical and biotechnology companies, contract research organizations and medical device companies among others.

Further, clinical trial management system exceeds organizational boundaries, improves interoperability, and addresses evolving regulatory standards of the company. It enables the oversight of related clinical trials according to the therapeutic areas based on a specific clinical trials activities and track the progress of the particular trial at specific level. Clinical trial management system provide data to intelligence business system which acts as digital dashboard for clinical trial managers.

The increasing number of healthcare service providers and new advances such as cloud based clinical trial information delivery systems has accelerated the adoption rate of clinical trial management system. Furthermore, increasing chronic diseases has boosted in the clinical research of drugs and devices for providing new and improved products that has derived the market for clinical trial management system.

Among the type; standard clinical trial management system, CTMS accelerator, customized CTMS and others are compositing the growth of the market. It is projected to grow at a steady pace from the period of 2013 to 2022.

Key Players for Global Clinical Trial Management System Market:

Some of the key players in this market are: PAREXEL International Corporation, Wipro Limited (India), GCP-Service International Ltd. & Co. KG (Germany), Oracle (US), Bioclinica, Covance Inc., eclipse, KINAPSE LTD (UK), Intrinsic Clinical Systems (UK), Acceliant (US), Clinical Systems Ltd, SGS SA (Switzerland), Telerx (US), McKesson Corporation, HCL Technologies Limited, Adaptive-Clinical and others.

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Global clinical trial management system market has been segmented on the basis of type which comprises of standard CTMS, CTMS accelerator, customized CTMS and others. On the basis of application; market is segmented into in house, hosted and others. On the basis of end users; market is segmented into pharmaceutical & biotechnology companies, medical devices companies, CROS and others.

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