SAN FRANCISCO, October 6, 2016 /PRNewswire/ --
The global Clinical Trial Management System (CTMS) market is expected to reach USD 2.2 billion by 2024, according to a new report by Grand View Research, Inc.
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Rising research activities and increasing complexity in data management for multiple verticals such as pharmaceutical and biotechnology are anticipated to present the clinical trial management system market with lucrative opportunities over the forecast period. These systems are capable for speeding up the research activity along with cost containment which is crucial for pharmaceutical companies that invest a lot on R&D innovation.
The present business scenario is witnessing rapid changes in the marketplace and consumer preferences are pushing the players to innovate and generate better performing products at a faster rate, in order to sustain the competition. Owing to the aforementioned reason, CTMS are designed in a way that requires minimal documentation by clinical trial professionals, avoids unnecessary & repeat testing and facilitates easy payment management. This at the end makes the whole process faster and reduces the time to market.
Browse full research report with TOC on "Clinical Trial Management System (CTMS) Market Analysis by Type (Enterprise, Site), By Delivery Mode (Web-based, Cloud-based, On-premise), By Component (Software, Service) By End-user (Pharmaceutical And Biotechnology Firm, CROs, Medical Device Firm) And Segment Forecasts to 2024" at: http://www.grandviewresearch.com/industry-analysis/clinical-trial-management-system-ctms-market
Further key findings from the study suggest:
Grand View Research has segmented the global CTMS market on the basis of type, delivery mode, component, end-users and region.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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