Clinical Trial Management Services Market
Clinical Trial Management Services Market Size, Share & Trends Analysis Report By Type (Clinical Trial Monitoring, Regulatory Submissions, Clinical Trial Data Management, Medical Writing, Site Management & Monitoring, and Others), and by End User (Pharmaceutical and Biotechnology Companies, Medical Device Companies, Contract Research Organizations (CROs), and Others), Forecast Period (2024-2031)
Clinical trial management services market is anticipated to grow at a CAGR of 7.8% during the forecast period (2024-2031). The clinical trial management services (CTMS) market is fueled by the complexity of clinical trials, research growth, globalization, technological advancements, data quality, patient-centricity, and cost-effectiveness. Cloud-based solutions, artificial intelligence, machine learning, and mobile applications enhance efficiency, while cost-effective solutions focus on patient engagement and retention.
Market Dynamics
Rising Prevalence and Burden of Neurological Conditions
The increasing prevalence of neurological conditions, such as epilepsy, is causing a global demand for effective treatments, leading to a growth in the CTMS market. According to the World Health Organization, in February 2024, Approximately 50 million individuals globally are affected by epilepsy, indicating its prevalence as a widely occurring neurological condition. Low- and middle-income countries account for nearly 80.0% of these cases. It is estimated that if adequate diagnosis and treatment were provided, up to 70.0% of those with epilepsy could potentially live without experiencing seizures.
Growing Demand for Clinical Research
The demand for novel treatments and care management is rising owing to chronic illnesses, which renders efficient CTMS solutions essential for simplifying clinical trials and promising data quality, safety, and efficacy. According to the National Center for Chronic Disease Prevention and Health Promotion, in February 2024, the prevalence of major chronic diseases in the US is estimated to affect around 129 million individuals, according to the US Department of Health and Human Services. The data indicates that over the past two decades, the number of people with chronic diseases has steadily increased and is expected to continue rising. Additionally, a significant proportion of the population, 42.0%, is managing two or more chronic conditions.
Market Segmentation
- Based on type, the market is segmented into clinical trial monitoring, regulatory submissions, clinical trial data management, medical writing, site management & monitoring, and others).
- Based on end-users, the market is segmented into pharmaceutical and biotechnology companies, medical device companies, contract research organizations (CROs), and others (academic research institutions, medical device manufacturers, and government agencies).
Pharmaceutical and Biotechnology Companies are Projected to Emerge as the Largest Segment
The primary factor supporting the segment's growth includes there is growing demand for complete clinical research services as a result of the biotechnology and pharmaceutical sectors' increased R&D spending, and CTMS providers are well-positioned to provide the services needed. For instance, in November 2023, Ichor Clinical Trial Services, launched, serving biotechnology and pharmaceutical clients from preclinical studies to late-stage clinical trials and FDA approval. The company offers customized trial solutions, focusing on protocol design, site identification, recruitment, and retention strategies. Its agile approach addresses complexities for larger CROs.
Regional Outlook
The clinical trial management services market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Significance of Emerging Markets In the Asia-Pacific Region
India's immense patient populations, varied genetic profiles, and reduced operating costs have rendered it a more desirable location for clinical research, which is driving up demand for CTMS solutions in Asia-Pacific. For instance, in October 2023, Roche Pharma India launched a clinical trial excellence project in India to enhance public health institutions' capabilities for clinical trials and drug research. The initiative aims to make government hospitals centers of excellence in clinical research and move up the value chain. The company partnered with 10 hospitals to enhance capabilities, including training, process development, and digitization of dossier submissions.
Clinical Trial Management Services Market Growth by Region 2024-2031
North America Holds Major Market Size
The growing number of clinical trials in North America, driven by advancements in medical technology, globalization, and precision medicine, is increasing the demand for CTMS solutions. According to Global Data’s Pharmaceutical Intelligence Centre, in 2023, there were 1,95,130 active clinical trials. Of those, 163,336 occurred within the borders of the US. The market is anticipated to expand as a result of an increase in sustaining clinical research in addition to an increase in studies and clinical trials.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the clinical trial management services market are Dassault Systèmes S.E., IBM Corp., IQVIA Inc., Oracle Corp., and Wipro Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market. For instance, in April 2024, ICON acquired Clinical Research Management, Inc. The acquisition extends ICON's presence in government-sponsored research and enhances its capabilities in vaccines and infectious diseases. ClinicalRM's expertise spans basic and applied research, infectious diseases, vaccine development, and bio-threat response.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global clinical trial management services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Dassault Systèmes S.E.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. IQVIA Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Clinical Trial Management Services Market by Type
4.1.1. Clinical Trial Monitoring
4.1.2. Regulatory Submissions
4.1.3. Clinical Trial Data Management
4.1.4. Medical Writing
4.1.5. Site Management & Monitoring
4.1.6. Others
4.2. Global Clinical Trial Management Services Market by End-user
4.2.1. Pharmaceutical and Biotechnology Companies
4.2.2. Medical Device Companies
4.2.3. Contract Research Organizations (CROs)
4.2.4. Others (Academic Research Institutions, Medical Device Manufacturers, and Government Agencies)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Advarra, Inc.
6.2. Anju Software, Inc.
6.3. ArisGlobal LLC
6.4. Calyx
6.5. Clario
6.6. DSG, Inc.
6.7. ICON Plc
6.8. Laboratory Corporation of America Holdings
6.9. LePro PharmaCompass OPC Pvt. Ltd.
6.10. MedNet Solutions, Inc.
6.11. Medpace, Inc.
6.12. Oracle Corporation
6.13. PHARMASEAL
6.14. RealTime Software Solutions, LLC
6.15. Syneos Health
6.16. Wipro Ltd.
6.17. WuXi AppTec Co., Ltd.
1. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE 2023-2031 ($ MILLION)
2. GLOBAL CLINICAL TRIAL MONITORING SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
3. GLOBAL REGULATORY SUBMISSIONS SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
4. GLOBAL CLINICAL TRIAL DATA MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
5. GLOBAL MEDICAL WRITING SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
6. GLOBAL SITE MANAGEMENT & MONITORING SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
7. GLOBAL OTHERS CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS, 2023-2031 ($ MILLION)
8. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
10. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR MEDICAL DEVICE COMPANIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR CONTRACT RESEARCH ORGANIZATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
17. NORTH AMERICAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
18. EUROPEAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. EUROPEAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
20. EUROPEAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
21. ASIA-PACIFIC CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
22. ASIA-PACIFIC CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
24. REST OF THE WORLD CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
25. REST OF THE WORLD CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT ,2023-2031 ($ MILLION)
26. REST OF THE WORLD CLINICAL TRIAL MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET SHARE BY TYPE, 2023 VS 2031 (%)
2. GLOBAL CLINICAL TRIAL MONITORING SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL REGULATORY SUBMISSIONS SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL CLINICAL TRIAL DATA MANAGEMENT SERVICES SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL MEDICAL WRITING SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL SITE MANAGEMENT & MONITORING SERVICES SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL OTHERS CLINICAL TRIAL MANAGEMENT SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET SHARE BY END-USER, 2023 VS 2031 (%)
9. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR MEDICAL DEVICE COMPANIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR CONTRACT RESEARCH ORGANIZATIONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES FOR OTHER END-USER MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL CLINICAL TRIAL MANAGEMENT SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. US CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
15. CANADA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
16. UK CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
17. FRANCE CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
18. GERMANY CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
19. ITALY CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
20. SPAIN CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
21. REST OF EUROPE CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
22. INDIA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
23. CHINA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
24. JAPAN CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
25. SOUTH KOREA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
26. REST OF ASIA-PACIFIC CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
27. LATIN AMERICA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
28. MIDDLE EAST AND AFRICA CLINICAL TRIAL MANAGEMENT SERVICES MARKET SIZE, 2023-2031 ($ MILLION)
