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Clinical Trial Management System Market size over $2bn by 2024

Clinical trial management system market size is anticipated to exceed USD 2 billion by 2024<br><br>Get more details @ https://goo.gl/74PiFv

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Clinical Trial Management System Market size over $2bn by 2024

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  1. Clinical Trial Management System Market size over $2bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Clinical Trial Management System Market : • Clinical trial management system market size is anticipated to exceed USD 2 billion by 2024; according to a new research study by Global Market Insights, Inc. • Growing prevalence of chronic diseases, surge in clinical trials outsourcing, rising R&D cost and favorable government initiatives will drive global clinical trial management system market size. • Improvements in regulatory framework for drug approvals and patent laws along with rapid economic development in emerging countries of India and China will expand clinical trial management system market size. Quality trials at reduced cost continues to remain unique proposition for regional industry growth.

  3. Continued... • Stringent regulatory guidelines to ensure drug safety & efficacy, extended approval time, difficulties in recruitment for trials and increasing number of clinical trial failures in phase II and phase III should hinder clinical trial management system market growth. Hardware component was valued at over USD 90 million in 2015, and is estimated to expand at 13.1% CAGR from 2016 to 2024. Pharmaceutical companies are outsourcing their requirement to specialized firms in other regions. This has resulted in increase in sales of hardware components used for clinical trial management system. • Enterprise based accounted for over 70% of clinical trial management system market share in 2015 and is projected to grow at 13.8% CAGR from 2016 to 2024. It provides dedicated services with special in-house capabilities for clinical trials management. Cloud delivery mode is projected to witness robust growth of over 15% from 2016 to 2024 and expected to reach over USD 350 million by 2024.

  4. Europe Clinical Trial Management System Market share, by component, 2012-2024 (USD Million)

  5. Browse Full Market Research Report On Clinical Trial Management System Market @ https://goo.gl/74PiFv Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1155

  6. 360° Analysis • Application Trends • Rising prevalence of chronic diseases coupled with growing trend of outsourcing clinical trials will drive clinical trial management system market size. Furthermore, increased public and private funding and favorable government policies will stimulate business growth. Growing R&D expenditure in pharmaceutical and clinical research industries have increased acceptance of clinical trial management system among clinical research organizations (CRO), pharmaceutical companies and healthcare providers. • Regional Trends • U.S. clinical trial management system market share was over 79% of regional share in 2015, with the target market size slated to exceed USD 780 million by 2024. Favorable government initiatives such as allocation of more than USD 200 million to NCI, FDA, and NIH for developing novel healthcare solutions should fuel CTMS market growth. • Competitive Market Share • Key industry players include Oracle Corporation, MedNet Solutions, BioClinica, Bio-Optronics, and Medidata solutions. The industry participants compete amongst themselves on the basis of product, performance, and technology. Some of the clinical trials management system market players are vertically integrated to improve their service efficiency and delivery.

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