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The global clinical trial management market was valued at $969.4 million in 2020, and is projected to reach $2,810.5 million by 2030, registering a CAGR of 11.2 percent from 2021 to 2030. A clinical trial management system (CTMS) is a software system used by biotechnology and pharmaceutical industries to manage clinical trials. The system aims to manage and maintain tracking of patient data. Clinical trial management systems incorporate different components consisting of software, hardware, and services. Clinical trial management system provides data to business intelligence system, which acts as access centralized data, thus reducing the number of delayed trials.
Growth of the global clinical trial management market is majorly driven by increase in industry academic collaborations, rise in number of clinical trials, growth in technology in the healthcare sector, and increase in government support for research trials. In addition, growth in number of clinical trial management system (CTMS) is attributed to factors such as high prevalence of chronic diseases.
Furthermore, products of clinical trial management system are efficient, easy to use, provide effective patient safety and regulatory compliances, and enhance financial management. For instance, in December 2021, Environmental Response Team (ERT), a global company specializing in clinical services, announced the launch of data insight to enhance the study effectiveness and efficiency. Moreover, in January 2021, Veeva, a cloud computing company, announced the launch of veeva vault payment software, which is an application used for veeva vault CTMS.
By end user, the pharmaceutical & biopharmaceutical companies segment was the major contributor in 2021, and is expected to maintain its lead during the forecast period, owing to development of pharmaceutical and biopharmaceutical companies and initiatives taken by government and private organizations to develop the pharmaceutical industry. However, the clinical research organizations segment is expected to witness considerable growth during the forecast period, owing to rise in prevalence of chronic and rare diseases, increase in number of clinical trials, and increase in investments in R&D activities in the pharmaceutical and biopharmaceutical sector.
We present to you, “Top 10 Clinical Trial Management System Providers - 2022.”
Adaptive Clinical Systems offers clinical data integration technology with a focus on clinical trials in the pharmaceutical and medical devices space. The life sciences technology company integrates clinical trial data from multiple sources with its platform that connects disparate data sources to enable interchangeability of the data among various eClinical systems, electronic medical records (EMR/EHRs), medical devices and digital health technologies. Apart from displaying the aggregated clinical trial data in a single dashboard, the platform also monitors, refines, and filters the data to make it available for use in clinical studies.
Led by science and technology thought leaders, visionaries, and master clinical trial management experts, the company diligently supports regulatory compliance across 120 countries
Joe Eazor, President and CEOOur purpose is clear – we transform lives by unlocking better evidence
ClinOne is the leading remote patient experience management solution created to improve clinical trial enrollment and remote patient complianc
With a dedicated, successful recruitment team combined with years of research, clinical, and administrative experience, Neuro-Behavioral Clinical Research addresses the patient enrollment challenge by conducting clinical research trials in both the in-patient and out-patient facilities. The company also offers free mental health assessments by its trained mental health professionals. Further, the company has been making efforts to educate the local groups and communities such that they can understand that participating in clinical trials can benefit their own health.
Neuro-Behavioral Clinical Research Inc.
Management
Dr. Shishuka Malhotra, MD, Chief Executive Officer
Tandem Clinical Research is a multi-therapeutic, independent, and dedicated clinical research site that has conducted more than 400 trials in phases I-IV
ORLAN ROMM, CEOOur Mode of Operation is Efficient, Effective, Person-Centered, Inclusive, and Integrated into the Health Delivery System
Tandem Clinical Research
Management
ORLAN ROMM, CEO
JOHN NEILL, COO, ADIL FATAKIA, CMO
AssisTek is an eSource company that provides solutions for field-based and site-based electronic data capture of clinical outcome assessments
Datatrak provides a digital platform for modern clinical trials that are hybrid, site-based, and decentralized
Using artificial intelligence and natural language processing to mine structured and unstructured patient data, DEEP 6 AI finds more, better-matching patients for trials in minutes, not months
RealTime Software Solutions' vision is to reshape the global clinical research industry with innovative solutions, that help advance medicine and save lives
Veeva Systems is a leader in cloud-based software for the global life sciences industry which is committed to innovation, product excellence, and customer success