Clinical Trials Management System Market Report 2022 to 2030

Clinical Trials Management System Market Report 2022 to 2030

A clinical trial management system (CTMS) is a software system used to manage clinical trials in clinical research. We offer pre-clinical discovery support services, research testing analysis for medical research studies and research facilities

Market Overview

• The global clinical trials management system market size is anticipated to reach USD 4.72 billion by 2030
• The market is expected to expand at a notable CAGR of 13.9% from 2022 to 2030
• The segments covered in the report solution type, delivery mode, component, end user, region

Solution Type

• Enterprise
• Site

Delivery Mode

• Web & Cloud-based
• On-premise
  

Component

• Software
• Services

End User

•  Pharmaceutical and Biotechnology Firms
• Medical Device Firms
• Others

Region

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea

Latin America

• Brazil
• Mexico
• Argentina

MEA

• South Africa
• Saudi Arabia

Clinical Trials Management System Market Report Highlights

• A CAGR of 13.9% is predicted for the Clinical Trials Management System (CTMS) market, which had a 2021 market size of USD 1.50 billion
• The increasing demand for interoperable solutions and adoption of AI and machine learning (ML) in healthcare are other key factors fueling market growth
• This is owing to increasing adoption of cloud-based technologies and enterprise-wide applications of CTMS solutions

Key Factors 

• Outsourcing of clinical trials

Growth in the number of clinical trials

1. With the advancement in technology and the growing demand for better drugs with fewer side effects, there has been a rise in the number of clinical trials conducted worldwide.
2. And  increasing number of clinical trials boosts the growth of the clinical trial management market

• Awareness regarding the benefits of CTM software
• Incidences of chronic diseases
• Research & development