Clinical Trial Data Management Services
The Clinical Trial Data Management Services industry specializes in clinical trial management services (CTMS), specifically the operational planning and management of the clinical trial process, including site performance, patient recruitment, resource management, contact information and regulatory document recordkeeping. As the healthcare sector expands and institutions conduct more clinical trials, demand for CTMS software has increased; consequently, industry revenue has grown over the five years to 2017. Downstream companies that conduct clinical trials have experienced increasing demand as the healthcare sector expands, along with ballooning increasing consumer demand and spending on healthcare. This growth is expected to continue over the five years to 2022. As this industry continues to expand, its product offering will become standardized and one or several dominant players may emerge moving forward.
Clinical Trial Management Systems (CTMS) maintain and manage the planning, preparation, performance, and reporting of clinical trials, with emphasis on tracking participants, deadlines and milestones. These systems are used by pharmaceutical and life sciences companies to manage large amounts of data involved in the operation of a clinical trial. CTMS help to identify key performance indicators, while establishing metrics, results, and performance management.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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