Global Trends, Opportunities, Challenge and Forecasts in Clinical Trial Management Systems

In Clinical Trials by Simon Crompton-ReidLeave a Comment

"Clinical Trial Management Systems (CTMS) Market: Global Trends, Opportunities, Challenge and Forecasts (2011 – 2016)" analyzes and studies the major market drivers, restraints, and opportunities in North America (U.S. and Canada), Europe, Asia, and Rest of the World.

Clinical Trial Management System caters the needs of proper management of clinical trials at hospitals. Major players in the Clinical Trial Management Systems Market include Oracle Corporation (U.S.), Perceptive Informatics (a subsidiary of Parexel International Corporation) (U.S.), Medidata Solutions (U.S.), eResearch Technology Inc. (U.S.), and BioClinica Inc. (U.S.).

CROs and drug companies are making use of the tools as well as they streamline clinical trials operations. Major drugmakers–including BioClinica’s big customer Pfizer–have also axed jobs in R&D and handed the work to outsourcing partners to trim expenses.

Newtown, PA-based BioClinica has been buying up clinical trials software providers over the past several years, capitalizing on the digitization of clinical data that used to be managed with paper-based systems. And part of its business serves drug developers that outsource the management of images from clinical trials to BioClinica, saving those companies the expense of having to do the work with their own staffs.

Clinical Trial Management System (CTMS) is used by the clinical trial organizations such as Pharmaceutical/Biopharmaceutical Companies, Clinical Research Organizations (CROs), and Healthcare providers (Hospitals, Academic Medical Centers (AMCs) which handle clinical trial. The pharmaceutical CTMS market contributed the largest share; i.e. 49% in 2010. Clinical Research Organizations (CRO) and Healthcare providers contributes 46% and 5% respectively in 2010.

Bhavani Sivalingam, Head, Asia Clinical Alliances, Asia-Pacific, Quintiles, Singapore will be presenting at Pharma Trials World Asia 2012 this March on "Strategic Alliances: Building blocks to growth in Asia."

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