Clinical Trial Data Management Software Market Growth, Insights by 2030

Clinical Trial Data Management Software Market Clinical Trial Data Management Software Market (Component: Software [On-premises/Enterprise and On Demand [Professional and Managed]; End User: Pharmaceutical & Biotech Companies, Medical Device Companies, and Thi Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Free Data Capture Systems and eCRFs Support COVID-19 Research Projects Vendors in the clinical trial data management software market have taken a step forward to join the instance, Castor EDC— a provider of CTMS tools on the centralized platform, announced to make its for free to meet the needs of users conducting COVID-19 research projects. Several companies in th market are continuing to deliver their services without any interruptions by adopting work from hom The demand for clinical trial data management software is anticipated to surge, as research studies o number. Unprecedented demand for vaccines and coronavirus-fighting drugs is another key driver t opportunities for companies in the market landscape. Vendors are increasing the availability of eCRF start their study and registry in less than an hour.

management software (CTMS) is being highly publicized for improving operational efficiency and co

Cloud-based Data Management Software Helps in EDC and Supports Complex Trials Companies in the clinical trial data management software market are increasing their focus to meet contract research organizations (CROs). For instance, Veeva Systems— a leading U.S. cloud-computi offering their Veeva Vault Clinical Data Management Suite (CDMS) that deploys greater visibility and third party/CRO end users is projected for exponential growth in the clinical trial data management estimated to advance at a healthy CAGR of ~8% throughout the forecast period.

There is a growing demand for clinical trial data management software that eliminates manual proce processing capabilities. Next-gen interfaces in CDMS solutions are helping clinical research associat eliminates the need to page through forms. Vendors are increasing efforts to deliver better electron clinical trial data management software in complex and multi-arm adaptive trials.

EDC v/s Excel & other Data Capture Tools: Which is better?

Most researchers are familiar with Excel, Google Forms, SPSS (Statistical Package for the Social Scien clinical trial data management software market. However, these tools are cumbersome and cannot b capture. Hence, vendors are increasing awareness about clinical trial data management software to companies. However, loss of productivity levels due to the fresh adoption of software is a shortcomi companies are innovating in EDC platforms that are specially meant for medical device and other he Companies in the market for clinical trial data management software are gaining efficacy in develop are gaining increased popularity in the clinical trial data management software market, since they el knowledge, thus boosting its adoption among small-scale medical research companies.

The global clinical trial data management software market is currently driven by growing dema companies to reduce operational costs and failures of clinical trials The clinical trial data management software market in Asia Pacific is projected to expand at a h Adoption of cloud-based clinical trial data management software by end users has propelled t management software in the region.

China is the most attractive market in Asia Pacific. The incremental opportunity is significantly dominant share of the clinical trial data management software market in the region.

The clinical trial data management software market report provides analysis of the global clinic for the period 2018 – 2030, wherein 2019 is the base year, 2020 is the estimated year, and 20 for 2018 has been included as historical information.

Clinical trial data management is the process of handling data generated during the clinical tri clinical trial data management software is to manage, produce, and maintain quality data invo preparation, performance, and reporting.

In this report, we analyze the challenges end users face in acquiring the right clinical trial data the rapidly changing world. The report also highlights the total revenue generated through the software across various key regions worldwide.

North America Clinical Trial Data Management Software Market Snapshot The clinical trial data management software market in North America is anticipated to expand followed by Europe. North America remains the leading market for clinical trial data managem in 2020 estimated at US$ 1,591.6 Mn. Strong presence of clinical trial data management software vendors, along with high spending driving the market. Growing preference for cloud-based clinical trial data management softwa advanced clinical trial data management software in the region.

Key Growth Drivers of Clinical Trial Data Management Software Market Use of digital technologies in clinical research – Rising innovation in technologies enables e advanced clinical trial data management software, thus fueling the growth of the market. Incre companies on Artificial Intelligence, Blockchain, and Big Data analytics are the key factors boo management software by end users.

Increase in clinical research outsourcing – Outsourcing of clinical trial activities in different r clinical trial data management software market. For instance, in Asia Pacific, outsourcing of clin growth of the pharmaceutical market, which in turn is projected to fuel the demand for clinica the forecast period.

Key Challenges Faced by Clinical Trial Data Management Software Market Players High initial cost of on-premises solutions of clinical trial data management software is expecte near future Longer approval time taken for clinical trial processes, data security of clinical data, and strict r

Forte Research Systems Medidata Solutions Parexel Quad One Technologies Pvt. Ltd. Trial By Fire Solutions Veeva Systems Inc. Clinical Trial Data Management Software Market – Segmentation TMR’s research study assesses the clinical trial data management software market on the basis of co presents extensive market dynamics and progressive trends associated with different segments, and of the clinical trial data management software market.

Component

Software On-premises/ Enterp On Demand Softwar Services Professional Managed

End User

Pharmaceutical & Biotech Medical Device Companie Third Party/Contract Rese

Region

North America Europe Asia Pacific Middle East & Africa South America