Clinical Trial Management Systems Market - Growth, Trends, and Forecasts (2020 - 2025)

The Clinical Trial Management Systems Market is segmented by Delivery Mode (Web-based and Cloud-based and On-premise), Component (Software and Services), End User (Pharmaceuticals, Clinical Research Organization, and Other End Users), Type of System (Site-based and Licensed Enterprise-based), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).

Market Snapshot

Study Period:

2020-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

8.7 %

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Market Overview

Although the clinical trial management systems market has been in its nascent stage for the last few years, it has currently established itself as a mature market in the North American region. Asia-Pacific is experiencing steady growth to achieve maturity when compared to developed regions. This is mainly attributed to increasing clinical trials, due to the good availability of inexpensive resources and increasing population pool in these regions. Moreover, the increasing adoption of clinical trial management systems in the past few years has been a major factor that is contributing to the market growth.

Many companies that have developed clinical trial management systems have found a way to integrate with the existing software providers, in order to provide an efficient workflow in clinical trial management.

The increasing innovative technological advancements to curb the increasing costs associated with clinical trials have resulted in the development of the clinical trial management system. Although these systems have not been completely adapted due to various factors, the increasing awareness and the need to cut down additional costs associated with clinical trials are expected to drive the market in the future. Increasing R&D and the rise in the number of clinical trials in the Asian region are expected to further contribute to the growth of the market studied, during the forecast period.

Scope of the Report

As per the scope of the report, a clinical trial management system is a software system used to manage trials in clinical researches. The system maintains and manages the planning, performing, and reporting functions, along with participant's contact information, tracking deadlines, and milestones.

By Delivery Mode
Web-based and Cloud-based
On-premise
By Component
Software
Services
By End User
Pharmaceuticals
Contract Research Organization
Other End Users
By Type of System
Site-based
Licensed Enterprise-based
By Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Pharmaceutical Segment is Expected to Exhibit Fastest Growth Rate over the Forecast Period

  • Pharmaceutical companies use clinical trial management systems to manage clinical trials, as part of their pharmaceutical and biotechnology research activities. This type of software is used by researchers to define, implement, and track results of clinical trials. Administrative personnel of clinical trials also use this type of application to find and schedule participants and track their involvement in the trials.
  • The use of this comprehensive software and services has increased among pharmaceutical industries, due to increased funding over the years. The global pharmaceutical industry investment in R&D increased over the years, from USD 108.1 billion in 2006 to USD 156.7 billion in 2016, as per a 2017 report by the Association of the British Pharmaceutical Industry. This translates to more spending on clinical trials and its management. This has helped the market growth in recent years. Moreover, with the continuing trend, it is expected to boost the market studied, during the forecast period.

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North America Captured the Largest Market Share and is Expected to Retain its Dominance

  • North America dominated the overall clinical trial management systems market, with the United States emerging as the major contributor to the market. Factors, such as increasing R&D investments and a rise in the demand for drug development, are aiding the growth of the market studied in the country. 
  • R&D budgets of the pharmaceutical companies have also increased in the last few years, owing to the increasing focus on regulating markets, complex molecules, and therapy segments. In the United States, pharmaceutical companies spend more money, time, and energy on R&D than others. 
  • Therefore, the rise in research and clinical trials in the region is expected to increase the demand for clinical trial management systems, which, in turn, is expected to aid the growth of the market studied in the United States, over the forecast period.

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Competitive Landscape

  • The presence of major market players, such as Bio-Optronics Inc., MedNet Solutions Inc., Oracle Corporation, Parexel International Corporation, and IBM, is increasing the overall competitive rivalry of the market studied. 
  • Large organizations rely heavily on advertising expenses and branding strategies, collaborations, initiatives, or programs at national levels, which promote their product, and thus, get recognized earlier than other brands in the market. With the high prevalence rate of diseases, the intensity of competitive rivalry in the market studied is expected to increase, during the forecast period.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Chronic Diseases and Lifestyle-related Disorders' Patient Population

      2. 4.2.2 Rise in Outsourcing of Clinical Trials and Implementation by Contract Research Organizations

    3. 4.3 Market Restraints

      1. 4.3.1 Data Security Issues

      2. 4.3.2 High Cost and Security Issues Associated with CTMS

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Delivery Mode

      1. 5.1.1 Web-based and Cloud-based

      2. 5.1.2 On-premise

    2. 5.2 By Component

      1. 5.2.1 Software

      2. 5.2.2 Services

    3. 5.3 By End User

      1. 5.3.1 Pharmaceuticals

      2. 5.3.2 Contract Research Organization

      3. 5.3.3 Other End Users

    4. 5.4 By Type of System

      1. 5.4.1 Site-based

      2. 5.4.2 Licensed Enterprise-based

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bioclinica

      2. 6.1.2 Bio-Optronics Inc.

      3. 6.1.3 DATATRAK International Inc.

      4. 6.1.4 ERT Clinical

      5. 6.1.5 IBM

      6. 6.1.6 Medidata Solutions Inc.

      7. 6.1.7 MedNet Solutions Inc.

      8. 6.1.8 Oracle Corporation

      9. 6.1.9 Parexel International Corporation

      10. 6.1.10 ArisGlobal LLC

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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