Advancements in Clinical Trial Management Services Technologies Drive Market Growth

Published: Jun 2024

Global clinical trial management services market is anticipated to grow at a CAGR of 13.5% during the forecast period (2024-2031). CTMS platforms offer various applications for clinical trial planning, patient recruitment, data management, site management, regulatory compliance, collaboration, safety reporting, and analytics. These tools help researchers and sponsors design effective clinical trials, manage patient data, ensure regulatory compliance, facilitate communication among stakeholders, manage safety data, and provide insights into trial performance, patient data, and regulatory compliance. It additionally facilitates informed decision-making and strategic planning. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. 

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/clinical-trial-management-services-market

In January 2024, Medable introduced an AI tool to halve standard trial build timelines. The AI-powered platform streamlines manual tasks in electronic clinical outcomes assessment (eCOA) deployments, speeding up trial initiation and minimizing delays. The tool generates standard configurations quickly and provides a downloadable configuration validation report.

In January 2023, Curebase introduced a decentralized software and services package for digital therapeutics trials, aiming to democratize access to clinical trials through flexible virtual site models, extensive patient data capture, and experienced digital recruitment strategies.

In November 2023, AstraZeneca launched Evinova, a health tech business focusing on clinical trials. The company offers scalable digital technology solutions to optimize trial design and delivery, reducing the time and cost associated with developing new medicines.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Product 

o By Application

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Dassault Systèmes S.E., IBM Corp., IQVIA Inc., Oracle Corp., and Wipro Ltd., among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Clinical Trial Management Services Market Report Segment

By Type

  • Clinical Trial Monitoring
  • Regulatory Submissions
  • Clinical Trial Data Management
  • Medical Writing
  • Site Management & Monitoring
  • Others 

By End-User

  • Pharmaceutical and Biotechnology Companies
  • Medical Device Companies
  • Contract Research Organizations (CROs)
  • Others (Academic Research Institutions, Medical Device Manufacturers, and Government Agencies)

Global Clinical Trial Management Services Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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