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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 Emerging Clinical Trial Management Companies – 2022.”
Boston Biotech Clinical Research (BBCR) Consulting is a leader in clinical development innovation. The company collaborates with biotech, pharmaceutical, and device companies to develop a clinical and regulatory roadmap consisting of simplified clinical programs, streamlined protocols, and cost-effective trials. Dr. Candida devised an innovative, translational method, the Strategic Clinical Innovation Organization (SCIO) concept. The SCIO process integrates nonclinical molecular proteomics into clinical research, thus supporting the regulatory strategy building the efficacy and safety evidence since the first in man to reduce risk in late clinical trials while preparing the product for market positioning.
Biopharma Institute collaborates with subject matter experts (SMEs) to deliver convenient, efficient, and practical training programs for clinical trial management through its holistic e-learning platform. Biopharma Institute's content and unique learning management system enables training managers to start their training projects promptly. It has the capabilities to document and export training records, student activities, and is flexible for managing large or small training groups at a low cost. The platform houses a catalog of over 200 courses, like ICH Good Clinical Practice (GCP),E8(R1) and E6(R2),CRO Oversight, Good Documentation Practice and ALCOA-C, and ISO 14155Medical Device Standard.
Sandra “Sam” Sather, MS, BSN, Vice President at Clinical Pathways, LLCWe Are Proud To Have A Strong Relationship With Our Partners, Such As Clinical Pathways, Who Have Developed Some Great Courses Targeting All Levels Of Clinical Research Learners.
Biopharma Institute
Management
Sandra “Sam” Sather, MS, BSN, Vice President at Clinical Pathways, LLC
Algis Rajeckas, Ph.D., Director of Training
The firm offers expertise in implementation of Quality Management Systems, Systems Gap Analysis, TMF Management, Site Management, Response to Audit/Regulatory Findings, GCP Training, Implementation of SOP, and Protocol Implementation Strategies. With quality and subject safety as the cornerstone, Just In Time GCP works with clients to develop processes and prepare supporting procedural documents for QMS. The company also has many experienced auditors performing vendor and site audits to identify potential risks in client organizations.
Founded in 2011, Splash Clinical is a patient recruitment company that has innovated clinical trials by leveraging digital marketing, mobile technologies, and social media campaigns. The company supports CROs and sponsors in conducting trials for numerous therapeutic disciplines to impact patients’ lives positively. Splash Clinical’s experienced interdisciplinary team of data scientists, marketing strategists, software engineers, and campaign managers, curate and leverage well-researched epidemiological data to develop custom software and strategies on a study-by-study basis.
Advanced Medical Trials provides best-in-class service to the physician and their patients through established and trusted partnerships with industry leading vendors. Their physicians are dedicated to ensuring that their patients have access to the most cutting edge research available and, by providing clinical trials, they are leading the charge in bringing new and innovative therapies to the market.
Albuquerque Clinical Trials strives to improve the health and quality of life of patients through innovative therapies. Their staff includes board certified physicians, certified study coordinators, licensed clinicians, regulatory and recruitment specialists and data entry personnel.
BRANY is an expedited "end-to-end solution" for clinical trials. The company is able to offer its partners a turnkey solution for expedited site identification and study start-up (SMART-Start-60), Central IRB Services, IBC services, Medicare Coverage Analysis Services, Research Education, and Quality Assurance auditing and consulting services.
Del Sol Research Management operates to research the safety and effectiveness of investigational medications, while providing quality patient care and ensuring patient safety. They are dedicated to providing the highest quality, most compassionate care and service to their patients.
LMK Clinical Research Consulting helps plan, collect, and maintain client's clinical trial content cost effectively without jeopardizing quality. They offer our a combination of expertise, tools, processes, and extensive knowledge of the clinical drug development process. The company's experts will assess client's study requirements and processes and create a plan customized to meet your specific needs.
LMK Clinical Research Consulting
Management
Sholeh Ehdaivand, President and CEO
uMed rapidly reaches patients to screen and enroll them in clinical studies, engage in data collection from home, collect biomarker and genomics samples. Moreover, for life science companies, uMed provides access to regulator quality data, where patients within those datasets can be compliantly re-engaged to support the aims of R&D and post-market teams.