The Clinical Trial Data Management Services industry provides customers with Clinical Trial Management Systems (CTMS). This industry is part of a rising tide of digitization in all aspects of business. As computer systems become more complex, software publishers have developed new software to facilitate a number of business tasks. Compounded with overall growth realized across the healthcare sector, industry revenue is expected to grow in the five years to 2015, and IBISWorld expects it to continue increasing through 2020. This is because CTMS is becoming increasingly accessible in terms of price and functionality to a number of businesses and organizations that conduct clinical trials. Moreover, the healthcare sector and supplementary industries are expected to continue growing, and will continue demanding CTMS software, boosting overall industry revenue in the process.
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.