Market Research Logo

Global Clinical Trial Management System (CTMS) Market 2017-2021

Global Clinical Trial Management System (CTMS) Market 2017-2021

About Clinical Trial Management System (CTMS)

Clinical trials are defined as research studies undertaken to successfully test a drug or a medical device before launching the product in the market. These studies are pivotal as the data generated in these studies forms the basis for the approval process of a drug or a medical device. Typically, these clinical trials are divided into five phases with each phase as critical as any other. It takes approximately 12 years to successfully complete a clinical trial, and the typical cost estimate of a clinical trial is $800 million to $1.2 billion with a success rate of 12% that the drug will get approved in the market or not.

Technavio’s analysts forecast the global clinical trial management system (CTMS) market to grow at a CAGR of 12.98% during the period 2017-2021 .

Covered in this report

The report covers the present scenario and the growth prospects of the global clinical trial management system (CTMS) market for 2017-2021 . To calculate the market size, the report considers the revenue generated from the retail sales of CTMS components that comprise software and services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Clinical Trial Management System (CTMS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bioclinica
  • Medidata
  • Oracle
  • PAREXEL
Other prominent vendors
  • ArisGlobal
  • Bio-Optronics
  • DATATRAK
  • DSG
  • ERT Clinical
  • FORTE
  • MedNet Solutions
  • Merge
  • Trial By Fire Solutions
  • Veeva Systems
Market driver
  • Increase in R&D expenditure
  • For a full, detailed list, view our report
Market challenge
  • Rising cost of clinical trials
  • For a full, detailed list, view our report
Market trend
  • Increasing outsourcing of clinical trial process
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Clinical Trial Management System (CTMS) Market 2017-2021

Technavio recognizes the following companies as the key players in the global clinical trial management system (CTMS) market: Bioclinica, Medidata, Oracle, and PAREXEL

Other Prominent Vendors in the market are: ArisGlobal, Bio-Optronics, DATATRAK, DSG, ERT Clinical, FORTE, MedNet Solutions, Merge, Trial By Fire Solutions, and Veeva Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing outsourcing of clinical trial process. With increased emphasis on R&D investments and drug discovery, several small companies have resorted to outsourcing their drug discovery process to subcontract laboratories, while limiting themselves to manufacturing and marketing activities. The number of subcontract laboratories has been growing rapidly since 2011, and this trend will continue over the forecast period. In the last decade, industry has transformed operations of clinical research from a vertical and fixed reporting model, with a large number of in-house professionals devoted to clinical studies, to a matrix model involving both external and internal resources, and then gradually moved the bulk of the work to CROs.”

According to the report, one of the major drivers for this market is Increase in R&D expenditure. The pharmaceutical market is witnessing a global surge in funding for clinical research to combat various rare diseases developing across the globe or to explore new therapies for existing conditions. In 2016, the pharmaceutical industry spent more than $150 billion on R&D.

Further, the report states that one of the major factors hindering the growth of this market is Rising cost of clinical trials. Clinical trial management has changed dramatically over the years and the rising costs of clinical trials is a concern. The cost of clinical trials increases because of many factors. For instance, drugs undergo a difficult and slow process during clinical trials. The initial difficulty is patient enrolment, which is followed by making sure patients continue the trial and do not drop out of the research study. Globally, various studies have been conducted to study the cost aspect of clinical trials and it has been found that in the US, the average cost per patient increased by over 150% during 2010-2015 whereas in the UK it was in the range of 85%-90%.

Companies Mentioned

Bioclinica, Medidata, Oracle, PAREXEL, ArisGlobal, Bio-Optronics, DATATRAK, DSG, ERT Clinical, FORTE, MedNet Solutions, Merge, Trial By Fire Solutions, and Veeva Systems.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Various phases in a clinical trial
      • Table Advantage of CTMS
      • Table Global CTMS market: Market overview
  • Market landscape
    • Market size and forecast
      • Table Global CTMS market 2016-2021 ($ millions)
      • Table Factors impacting the global CTMS market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global CTMS market by end-users
      • Table Global CTMS market by end-users 2016-2021 (% share)
      • Table Global CTMS market by end-users: Snapshot
    • Global CTMS market by pharmaceutical and biotechnology companies
      • Table Global CTMS market by pharmaceutical and biotechnology companies 2016-2021 ($ millions)
    • Global CTMS market by CROs
      • Table Global CTMS market by CROs 2016-2021 ($ millions)
      • Table Advantage of using CTMS in retrieving data from CROs
      • Table Leading CROs with internally developed CTMS systems
    • Global CTMS market by others
      • Table Global CTMS market by others 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global CTMS market by geography 2016-2021 (%share)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast
      • Table Americas – Market size and forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth
    • EMEA – Market size and forecast
      • Table EMEA – Market size and forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth
    • APAC – Market size and forecast
      • Table APAC – Market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing outsourcing of clinical trial process
    • Integration of CTMS with other systems
    • Adoption of cloud computing
  • Vendor landscape
    • Competitive scenario
      • Table Strategic success factors for vendors
    • Investment opportunity
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Bioclinica
      • Table Bioclinica: Profile
      • Table Bioclinica: Strength analysis
      • Table Bioclinica: Strategy assessment
      • Table Bioclinica: Opportunity assessment
    • Medidata
      • Table Medidata: Profile
      • Table Medidata: Strength analysis
      • Table Medidata strategy assessment
      • Table Medidata: Opportunity assessment
    • Oracle
      • Table Oracle: Profile
      • Table Oracle: Strength analysis
      • Table Oracle: Strategy assessment
      • Table Oracle: Opportunity assessment
    • PAREXEL
      • Table PAREXEL: Profile
      • Table PAREXEL: Strength analysis
      • Table PAREXEL: Strategy assessment
      • Table PAREXEL: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report