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CTMS benefits both researchers and sponsors, including improved data administration, transparent financial management, improved resource management, and a reduced likelihood of human error.
FREMONT, CA: Clinical research organizations (CROs) and research sites, hospitals, and health systems—all of these entities contribute an underestimated amount of effort to clinical trials. As a result, they develop novel treatments and equipment that aid in the cure of ailments. That is why it is critical to continuously equip these institutions with cutting-edge technology that can help accelerate the process.
Medical studies require extensive data management, communication coordination, and a significant amount of paperwork. A clinical trial typically takes between six and seven years to complete; however, the overall time required may vary depending on each phase's primary objective and duration. All management responsibilities divert attention away from clinical research, but they are necessary for obtaining reliable results.
Therefore, how do researchers maximize the benefits of modern technologies to nurture significant advancements in the medical field? Is there anything that might be done to simplify the process? Is it possible to centralize all aspects of the trial process?
The Advantages of Developing a SaaS Platform for Clinical Trial Management
The global Clinical Trial Management Systems (CTMS) market is expected to reach USD 1693.1 million by 2026, up from USD 950.5 million in 2020, a 10.1 percent compound annual growth rate (CAGR) during the period 2021-2026.
It's unsurprising, given that businesses will be able to do more trials in less time, with fewer errors and invoicing issues. It can accelerate the overall development of healthcare and increase the number of high-quality clinical studies.
Therefore, consider some benefits that CTMS provides to both researchers and stakeholders.
Data Management That Is Effective: Due to their involvement in the clinical research process, researchers frequently overlook data formatting, for example, when searching for documents stored in an unnamed folder. As a result, when it comes to submitting the results, they are all disorganized and incomplete.
CTMS, on the other hand, enables researchers to collect, store, and retrieve data in a safe and centralized area, making it easy to attach and locate any documents, patient information, or protocols. As a result, you will save time, money, and effort associated with completing and presenting clinical study data. Additionally, data will not be muddled or shared with the incorrect parties with distinct locations for distinct experiments.
Consistent Security: CTMS software enables research organizations to customize access levels following their privacy policies. Additionally, CTMS enables researchers to secure personal accounts through strong passwords and multi-factor authentication.
Throughout any clinical research, information security is a critical consideration to keep in mind to avoid disclosing sensitive data to third parties. As a result, CTMS utilizes the adequate safeguards available, including secure messaging systems and secure cloud storage services, to ensure data security and compliance with HIPAA criteria.