Opportunity Analysis and Industry Forecast, Clinical Trial Management (CTM) Market to Show $1,371 Million by 2023

Introduction Global Clinical Trial Management Market accounted for $570 million in 2016, and is estimated to reach $1,371 million by 2023, registering a CAGR of 13.4% from 2017 to North America is the highest contributor in the clinical trial management market in 2016; however, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Clinical trial management system (CTMS) helps in the maintenance and management of the vast and highly complex data obtained from clinical trials. The system also tracks the clinical trial occurring in different parts of the word and the data can be analyzed routinely through multiple regression, simulation and other models. The major driving factors for the Clinical Trial Management Market growth are surge in the trend of outsourcing of clinical trials and the rise in the number of clinical trials owing to the large demand for novel therapeutic drugs and medical devices.

Key Factors of the Market Site-based Clinical Trial Management is projected to grow at the highest rate during the analysis period. North America dominated global clinical trial management market in 2016, and is projected to continue its dominance in future. China is expected to grow highest in the Asia-Pacific region during the forecast period. Clinical research organizations is the fastest growing segment among the end user in Services segment is expected to be the fastest growing segment during the forecast period.

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Key Benefits of the Market  This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.  Market estimations are based on comprehensive analysis of the key developments in the industry.  The global market is comprehensively analyzed with respect to product, delivery mode, component, end user, and region.  In-depth analysis based on geography assists in understanding the regional market to assist in strategic business planning.  The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

Market Segmentation

For purchase enquiry, enquiry/ enquiry/2575 Key Players of the Market  Oracle  IBM  Medidata Solutions  Parexel, BioClinica, Inc.  Bio-Optronics  MedNet Solutions  Veeva Systems  Forte Research Systems  and Merge Healthcare Incorporated.

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