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Global Clinical Trial Management System (CTMS) Market Outlook 2017-2023 - ResearchAndMarkets.comThe "Clinical Trial Management System (CTMS) - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering. The Global Clinical trial management system (CTMS) Market accounted for $554.7 million in 2016 and is expected to reach $1,257.2 million by 2023 growing at a CAGR of 12.4% from 2016 to 2023. Huge research and development activities in clinical research and life science industries, increasing prevalence of diseases, outsourcing of clinical trial process are some of the major factors boosting the market growth. Furthermore, integration of HIS and CTMS, raising new product developments, increasing adoption of CTMS solutions by end users are some of the other factors propelling the market growth. However, high costs of CTMS solutions, dearth of skilled professionals to maintain CTMS are the factors restraining the market growth. Cloud-based (SaaS (News - Alert)) CTMS segment is estimated to grow at a highest CAGR, owing to rising adoption of this solutions in various medical research studies, owing to benefits ofered by them such as easy accessibility by individuals at any location, high security, centralized availability of data and larger storage capacity. The software segment is anticipated to rise at a highest CAGR during the forecast period due to increasing demand from pharmaceutical industry. What the report offers:
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/research/qnkt2g/global_clinical?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005866/en/ |