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Posts tagged ‘Clinical Trial Management System Market’

Global Clinical Trial Management System Market is expected to grow US$1.8 bn by 2019 at a 14.0% CAGR : PMR

Persistence Market Research has published a new research report on the global clinical trial management system market. As per the report, the global clinical trial management system market stood at US$0.8 bn in 2013 and is expected to reach US$1.8 bn by 2019 at a 14.0% CAGR.

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Clinical Trial Management System Market expected to hit US$1.8 bn by 2019 at a 14.0% CAGR : Persistence Market Research

Clinical trial is a medical research study performed on humans to check the safety and efficacy of drugs, devices and therapeutic products before they are finally launched in the market. Proper management of clinical trials has become a priority for hospitals, pharmaceutical companies and clinical research organizations (CRO).Clinical trial management system (CTMS) is a software solution for proper management, storage and analysis of drugs associated clinical data. CTMS is primarily employed to manage the large amount of data involved in a clinical trial including planning, preparation and reporting. CTMS also provides data to a business intelligence system. It provides a user-friendly infrastructure that enables clinicians to manage trials of varying complexity.

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Global Clinical Trial Management System Market may touch $1,848.5 million in 2019

New York City, New York, Oct 27, 2015: Persistence Market Research (PMR) has announced the release of a market study based on the global clinical trial management system market. According to this report, titled “Global Market Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019”, the market stood at US$844 million in 2013. Aided by the rising investment for research and development in the field of pharmaceuticals, the global clinical trial management system market has been estimated to develop at a CAGR of 14% and reach US$1,845.50 million by the end of the forecast period.

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Clinical Trial Management System Market – Global Study on Clinical Trial Management System to 2019

According to a new market report published by Persistence Market Research “Global Market Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019” the global clinical trial management system market was valued at USD 844.0 million in 2013 and is expected to grow at a CAGR of 14% from 2014 to 2019, to reach an estimated value of USD 1,848.5 million in 2019.

Browse the full Global Market Study on Clinical Trial Management System: Asia to Witness Highest Growth by 2019 report at http://www.persistencemarketresearch.com/market-research/clinical-trial-management-system-market.asp

Clinical trial is a medical research study performed on humans to check the safety and efficacy of drugs, devices and therapeutic products before they are finally launched in the market. Globally, the CTMS market is witnessing significant growth due to increasing R&D investment in pharmaceutical, life science and clinical research industries. It empowers organizations and research centers to enhance productivity and effectiveness of clinical trials by advancing and managing clinical trials. Integration of CTMS with hospital information system (HIS) provides more accurate and time saving documentation is also driving growth for the CTMS market. Additionally, increasing prevalence of diseases is supporting clinical trials in different regions, and increased clinical research outsourcing is playing a major role in the growth of the CTMS market. Increasing regulatory requirements in many countries has resulted in increased complexity for clinical trial protocols. Presence of various end users such as pharmaceuticals, clinical research organizations (CRO) and healthcare providers has increased the acceptance of CTMS. The global CTMS market was estimated to be USD 844 million in 2013. It is likely to grow at a CAGR of 14% during 2013 to 2019 to reach USD 1,848.5 million in 2019.

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Global Clinical Trial Management System Market: Asia to Witness Highest Growth by 2019

Clinical trial is a medical research study performed on humans to check the safety and efficacy of drugs, devices and therapeutic products before they are finally launched in the market. Proper management of clinical trials has become a priority for hospitals, pharmaceutical companies and clinical research organizations (CRO).Clinical trial management system (CTMS) is a software solution for proper management, storage and analysis of drugs associated clinical data. CTMS is primarily employed to manage the large amount of data involved in a clinical trial including planning, preparation and reporting. CTMS also provides data to a business intelligence system. It provides a user-friendly infrastructure that enables clinicians to manage trials of varying complexity.

North America is a traditional clinical trial region. The percentage share of global clinical trials conducted in North America has reduced. This was due to regulatory and legal considerations, which shifted the clinical trial market from North America to developing countries such as India and China. Countries in Central and Eastern Europe provide abundant opportunities to life science companies for clinical development. Similarly, improved industry regulatory laws and patent expiration laws in various countries including Japan, China and India, have led to the expansion of the clinical trials market in Asia, which has lower cost of conducting clinical trials compared to Europe or the U.S.

Read Complete Report at http://www.persistencemarketresearch.com/market-research/clinical-trial-management-system-market.asp

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