Web-based Clinical Trial Management System (CTMS) Market is an integrated software system that manages the clinical trial process from planning to reporting and post-market surveillance. CTMS is used by pharmaceutical companies, contract research organizations (CROs), and other research institutions to streamline clinical trials and ensure compliance with regulatory requirements.
The global Web-based Clinical Trial Management System (CTMS) Market size was valued at USD 938.7 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2021 to 2028. The increasing number of clinical trials and the need for a more efficient and cost-effective process are the key factors driving the growth of the CTMS market. The growing prevalence of chronic diseases and the increasing demand for personalized medicine are driving the growth of the global CTMS market. As the number of clinical trials increases, the demand for CTMS software is also increasing. In addition, the need for a more efficient and cost-effective process is driving the adoption of CTMS software.
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The growing trend towards outsourcing clinical trials to contract research organizations (CROs) is also driving the growth of the CTMS market. CROs are increasingly using CTMS software to manage clinical trials for their clients, and this trend is expected to continue in the coming years. The high cost of CTMS software and the lack of awareness among small and medium-sized enterprises (SMEs) are the major factors restraining the growth of the CTMS market. In addition, the complexity of the CTMS software and the lack of skilled professionals to operate it are also hindering market growth.
The global CTMS market is segmented on the basis of type, delivery mode, component, end-user, and region. By type, the CTMS market is segmented into enterprise CTMS and site CTMS. Enterprise CTMS is the largest segment, accounting for the majority of the market share in 2020. By delivery mode, the CTMS market is segmented into web-based, cloud-based, and on-premise. The cloud-based delivery mode is expected to grow at the highest CAGR during the forecast period.
By component, the CTMS market is segmented into software and services. The software segment is expected to account for the majority of the market share in 2020. By end-user, the CTMS market is segmented into pharmaceutical and biopharmaceutical companies, contract research organizations (CROs), medical device companies, and others. The pharmaceutical and biopharmaceutical companies segment is expected to account for the majority of the market share in 2020.
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North America dominated the global CTMS market in 2020, accounting for the majority of the market share. The presence of major pharmaceutical companies and CROs in the region is driving the growth of the CTMS market in North America. Europe is the second-largest market for CTMS software, and Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The increasing number of clinical trials in the Asia-Pacific region and the growing trend towards outsourcing clinical trials to CROs in the region are driving the growth of the CTMS market in Asia-Pacific.
The key players operating in the global CTMS market are Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Bioclinica, Inc., Dassault Systèmes, Datatrak International, Inc., Veeva Systems, Merge Healthcare Incorporated, ERT Clinical, and Forte Research Systems, Inc. The global Web-based Clinical Trial Management System (CTMS) Market is growing rapidly, driven by the increasing number of clinical trials and the need for a more efficient and
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