Global Clinical Trial Management (CTM) Market Size, Status and Forecast 2020-2026

Clinical trial management (CTM) systems utilize different models of simulation and regression to store and interpret the vast amount of unstructured data generated during different clinical trials. These systems help maintain and manage clinical trials conducted by different pharmaceutical companies and clinical research organization. In addition, these systems make it easier to track and monitor the participants involved in the trial, site selection, identify & enroll different subjects, and analyze vast amount of data.
Rise in the number of clinical trials owing to the large demand for novel therapeutic drugs and medical devices drive the growth of the market. Moreover, the increase in prevalence of chronic diseases, surge in the trend of outsourcing of clinical trials, and increase in awareness regarding the benefits of using CTM fuels the growth of the clinical trial management market. However, high cost associated with CTM and dearth of skilled professionals hamper the market growth.

Market Analysis and Insights: Global Clinical Trial Management (CTM) Market
The global Clinical Trial Management (CTM) market size is projected to reach US$ 1201.2 million by 2026, from US$ 774.1 million in 2020, at a CAGR of 7.6% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Clinical Trial Management (CTM) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Clinical Trial Management (CTM) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Clinical Trial Management (CTM) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Clinical Trial Management (CTM) market.

Global Clinical Trial Management (CTM) Scope and Market Size
Clinical Trial Management (CTM) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Clinical Trial Management (CTM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Market segment by Type, the product can be split into

Web-based CTMS
On-premise
Cloud-based CTMS

Market segment by Application, split into

Pharmaceutical and Biopharmaceutical Companies
Clinical Research Organizations
Healthcare Providers

Based on regional and country-level analysis, the Clinical Trial Management (CTM) market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Clinical Trial Management (CTM) market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The key players covered in this study

Medidata Solutions
Parexel
BioClinica
Bio-Optronics
IBM
MedNet Solutions
Veeva Systems
Forte Research Systems
Merge Healthcare Incorporated
Mednet Solutions
Arisglobal
eClinForce
DZS Software Solutions
DSG
Guger Technologies
ICON