CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
lifesciencesreview
US
EUROPE
APAC
LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
  • About
×
#

Life Science Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Life Science Review

Subscribe

loading

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

Common Challenges Hampering Clinical Laboratory Services

Common Challenges Hampering Clinical...

Adherehealth and Levrx Technology Establish a Strategic Partnership to Improve Medication Optimization

Adherehealth and Levrx Technology...

Clinical Researchs Most Recent Developments

Clinical Researchs Most Recent...

Aceragen Receives Grant from Cystic Fibrosis Foundation to Advance Novel Therapy

Aceragen Receives Grant from Cystic...

Giuliano to Lead Finance-Related Leadership Functions as New CFO at Aeterna

Giuliano to Lead Finance-Related...

Top Ways Netsuite Transforms Life Science Industry for Good

Top Ways Netsuite Transforms Life...

Rain Therapeutics and Roche to Jointly Conduct Immunotherapy Trial Solid Tumor Treatment

Rain Therapeutics and Roche to...

China biopharma sector focuses on innovation.

China biopharma sector focuses on...

Common Challenges Hampering Clinical Laboratory Services

Common Challenges Hampering Clinical...

Adherehealth and Levrx Technology Establish a Strategic Partnership to Improve Medication Optimization

Adherehealth and Levrx Technology...

Clinical Researchs Most Recent Developments

Clinical Researchs Most Recent...

Aceragen Receives Grant from Cystic Fibrosis Foundation to Advance Novel Therapy

Aceragen Receives Grant from Cystic...

Giuliano to Lead Finance-Related Leadership Functions as New CFO at Aeterna

Giuliano to Lead Finance-Related...

Top Ways Netsuite Transforms Life Science Industry for Good

Top Ways Netsuite Transforms Life...

Rain Therapeutics and Roche to Jointly Conduct Immunotherapy Trial Solid Tumor Treatment

Rain Therapeutics and Roche to...

China biopharma sector focuses on innovation.

China biopharma sector focuses on...

How SaaS Platforms are Beneficial in Clinical Trial Management

Life Sciences Review | Tuesday, November 30, 2021
Tweet

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.


Weekly Brief

loading
Top 10 Clinical Trial Services Companies - 2022
Top 10 Emerging Clinical Trial Management Companies - 2022
Top 10 Clinical Trial Management System Companies - 2022
Top 10 Clinical Trial Services Companies - 2022
Top 10 Emerging Clinical Trial Management Companies - 2022
Top 10 Clinical Trial Management System Companies - 2022
> <
  • DNA Sequencing 2022

    Top Vendors

    Current Issue
  • BioTech Startups 2022

    Top Vendors

    Current Issue
  • DNA Sequencing 2022

    Top Vendors

    Current Issue
  • BioTech Startups 2022

    Top Vendors

    Current Issue

Read Also

Role of Predictive Genomics in Sustainable Healthcare

Role of Predictive Genomics in Sustainable Healthcare

A Conversational AI Approach to Regulatory Intelligence

A Conversational AI Approach to Regulatory Intelligence

A rise in DNA Sequencing Market is expected in coming years

A rise in DNA Sequencing Market is expected in coming years

Omniabio Inc. Announces Private Investor

Omniabio Inc. Announces Private Investor
Data analysis for next-generation sequencing worth USD1.2 billion by 2026 - Cloud-based platforms emerging as preferred solutions

Data analysis for next-generation sequencing worth USD1.2 billion by 2026 - Cloud-based platforms emerging as preferred solutions

Lithuania's Vision to Become a Biotech Hub in Europe

Lithuania's Vision to Become a Biotech Hub in Europe

Bridging the Diversity Gap in Genomics

Bridging the Diversity Gap in Genomics

How does Biotechnology Provide Solutions to Human Needs?

How does Biotechnology Provide Solutions to Human Needs?
Loading...

Copyright © 2022 Life Science Review . All rights reserved. |  Subscribe |  About Us follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.lifesciencesreview.com/news/how-saas-platforms-are-beneficial-in-clinical-trial-management-nwid-650.html