Clinical trial management systems are central to eClinical environments, and considering the paramount focus on product safety and efficiency, there is a palpable shift towards better functionality and standardization. The clinical trial management systems market continues to be influenced by a range of factors – ranging from macroeconomic to industry-specific. On the back of a multi-pronged factors, the clinical trial management systems market is likely to tread along steadily during the assessment period.
Evolutions in Clinical Trial Management Systems Market
The evolutions in how clinical trials are conducted has meant that vendors are hard pressed to offer advanced solutions in addition to core functionalities such as site management, monitoring, and tracking. The need for innovation in clinical trials is also driven by mandates from regulatory authorities. Emphasis on transparency throughout the study process and adoption of risk-based approaches to clinical trial design influence the clinical trial management systems market.
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Growing Use of SaaS Signifies a Shift in Clinical Trial Management Systems Market
The growing use of ‘Software as a Service (SaaS)’ system that enables web-based access to trial management systems signifies an undergoing shift in the clinical research industry. Web-based clinical trial management systems are becoming pervasive, and are expanding into new areas of clinical research. Although adopting web-based clinical trial management systems come with their own share of challenges, their benefits often outweigh the challenges.
‘Web-Based’ Accounts for Nearly 70% Revenue Share of Clinical Trial Management Systems Market
The penetration of web-based clinical trial management systems has grown manifold in the last five years or so. Access to information on a real-time basis, coupled with the feasibility of analyzing results quickly are among the leading factors that have fuelled adoption. The virtual storage option has given pharmaceutical and biotechnology companies the flexibility in terms of cost and computing power. It is no surprise then that web-based clinical trial management systems account for nearly 70% revenue share of the market. The preference for web-based clinical trial management systems is likely to continue during the assessment period as well. During the course of the review period, web-based clinical trial management systems will consistently hold nearly 70% revenue share.
The transition to web-based clinical trial management also gives end-users the tools to centralize computational and research tools. The flexibility, affordability, and advanced technology make web-based clinical trial management the preferred deployment model for end-users, however, challenges persist.
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Table of Contents
Chapter 1 Executive Summary
Chapter 2 Global CTMS Market Overview
2.2 Market Definition
2.3 Scope of the report
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.1.1 The Role of CTMS in Improving Workflow
3.1.2 Importance in the eClinical Framework
3.1.3 Growing Importance of CTMS in eClinical Value Chain
3.1.4 Streamlining Research Activities
3.2 Key Market Restraints
3.2.1 Evolving Roadblocks
3.2.2 Complex Trial Management
3.3.1 Progress in Web Technology
3.3.2 Increasing Biomedical Research Funding
3.3.3 Key Trends
3.3.4 Increasing Outsourcing Activities
3.3.5 Growing Focus on Price and Modularity
3.3.6 List of Key CTMS Software
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