Clinical Trial Management System market is estimated to be over US$ 600 Mn in 2018. It is anticipated to grow at a CAGR of 12.0% from 2019 to 2030.
The continual increasing adoption of clinical trial management systems, to manage and process the rising number of clinical trials being conducted worldwide has presented a bright prospect for the growth of global clinical trial management systems market. Increasing funding for R&D, coupled with rising incidences of chronic disorders globally has further contributed to the significant growth of the clinical trial management systems market. However, budget constraints for purchase of clinical trial management systems, is likely to restrain the market to certain extent.
Major Key Players of the Clinical Trial Management System Market are:
Oracle, Parexel, Bio-Optronics, IBM, Bioclinica, Medidata, Mednet Solutions, Veeva Systems, Mastercontrol and DZS Clinical Services among others
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