Web-based Clinical Trial Management Systems Accounts for Nearly 70% Revenue Share of Clinical Trial Management Systems Market – Fact.MR Study

250 Pages Web-based Clinical Trial Management Systems Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Web-based Clinical Trial Management Systems. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Web-based Clinical Trial Management Systems Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Web-based Clinical Trial Management Systems market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Web-based Clinical Trial Management Systems

This newly published and insightful report sheds light on Market Insights of Web-based Clinical Trial Management Systems, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Web-based Clinical Trial Management Systems Market.

Deployment of Web-based Clinical Trial Management Systems are slated to accelerate at a high CAGR of 13.6% to top US$ 4.6 Bn by 2032. Demand for Web-based Clinical Trial Management Systems is expected to witness expansion at a CAGR of 13.9%.

The global healthcare IT market was valued at around US$ 210 Bn in 2020, in which, clinical trial management (CTM) systems held a market share of 0.5%. Increasing investments by biotechnology and pharmaceutical companies coupled with funding from government is endorsing research activities. This factor is anticipated to boost growth of the market for Web-based Clinical Trial Management Systems 3.6x by 2032.

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Key Segments Covered in Clinical Trial Management System Industry Survey

By Mode of Deployment :
Cloud-based Web-based Clinical Trial Management Systems
Web-based Clinical Trial Management Systems
On-premise Web-based Clinical Trial Management Systems

By Component :
Clinical Trial Management System Hardware
Clinical Trial Management System Services
Clinical Trial Management System Software

By Product Type :
Enterprise-based Web-based Clinical Trial Management Systems
Site-based Web-based Clinical Trial Management Systems

By End User :
Pharmaceuticals
Clinical Research Organizations (CROs)
Healthcare Providers

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Competitive Landscape
Majority of companies are focused on expansions, investments, acquisitions, delivery, portfolio expansion, and brand development. Key players also have a strong position in the global market with a large set of customers, which springs them with an edge over their competitors in the market.

Moreover, developers also participate comprehensively in campaigns of advertising to surge their visibility in the field. Major players are fluctuating their focus toward platforms with smart services to allow patients to operate their products remotely.

In October 2021, Parexel, a leading global clinical research organization and Kyoto University Hospital announced a strategic alliance focused on offering better opportunities for clinical research and providing efficient methods of supporting clinical studies.

In November 2020, a tripartite collaboration was announced between Parexel, Synexa Life Sciences, globally renowned for biomarker and bio analytical science and Drawbridge Health, a healthcare technology company reinventing the blood draw experience. The collaboration focused on delivering comprehensive solutions for COVID-19 clinical serology testing.

In December 2020, Oracle Corporation and Cerner Corporation announced an agreement for Oracle to acquire Cerner an all-cash tender offer for approximately USD 28.3 Bn in equity value. Cerner is globally renowned provider of digital information systems used within healthcare centers and systems to allow medical experts to provide revamped services to patients and communities.

Key Takeaways from Market Study

Cloud-based mode of deployment is likely to witness sales of over US$ 1 Bn by 2032.

Based on component, the hardware and services segments are likely to have a market share of 5.1% and 11.7% in 2032, respectively

Based on region, demand for Web-based Clinical Trial Management Systems is expected to expand at a CAGR of 15.3% and 12.7% in South Asia & Oceania and Europe, respectively, over the forecast period.

Together, North America and Europe represented over 60% of overall market share in 2022.
The market in East Asia is valued at US$ 240 Mn in 2022.

“Preference for enterprise-based Web-based Clinical Trial Management Systems can be gauged by the fact that this segment accounted for nearly three-fourth revenue share of the market in 2020,” says a Fact.MR analyst.

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More Valuable Insights on Web-based Clinical Trial Management Systems Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Web-based Clinical Trial Management Systems, Sales and Demand of Web-based Clinical Trial Management Systems, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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