Clinical Trail Management System (CTMS) Market 2021-2025: Industry COVID-19 Impact Analysis, Market Opportunities, & Forecast | Technavio

NEW YORK, April 10, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Clinical Trial Management System Market by End-user and Geography - Forecast and Analysis 2021-2025

The clinical trail management system (CTMS) market is expected to grow by $ 601.90 mn, progressing at a CAGR of almost 11% during the forecast period. 

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The rise in clinical trials for drugs, increased adoption of CTMS and increasing healthcare expenditure are the major factors propelling the market growth. However, factors such as rising cost of clinical trials, complex regulatory procedures and recruitment and retention of patients for clinical trials will hamper the market growth.

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Clinical Trail Management System (CTMS) Market: End-user Landscape
Based on the end-user, the pharmaceutical and biotechnology companies segment is expected to witness lucrative growth during the forecast period.

Clinical Trail Management System (CTMS) Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 44% of the market's overall growth is expected to originate from North America. The US and Canada are the key markets for clinical trail management system (CTMS) in North America. The ease of the regulatory process, a high number of pharmaceutical and biotechnology companies and CROs in the region, and considerable investments in clinical trial research will facilitate the clinical trail management system (CTMS) market growth in North America over the forecast period. 

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Companies Covered:

  • ArisGlobal LLC
  • BioClinica Inc.
  • Bio-Optronics Inc.
  • Dassault Systemes SE
  • DATATRAK International Inc.
  • International Business Machines Corp.
  • Medpace Holdings Inc.
  • Oracle Corp.
  • Parexel International Corp.
  • Veeva Systems Inc.

 What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five Force Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Pharmaceutical and biotechnology companies - Market size and forecast 2020-2025
  • CROs - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • Asia - Market size and forecast 2020-2025
  • ROW - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Volume driver
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ArisGlobal LLC
  • BioClinica Inc.
  • Bio-Optronics Inc.
  • Dassault Systemes SE
  • DATATRAK International Inc.
  • International Business Machines Corp.
  • Medpace Holdings Inc.
  • Oracle Corp.
  • Parexel International Corp.
  • Veeva Systems Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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