Clinical data management is the process in clinical research, which is used to generate reliable, high quality, and fruitful data from clinical trials. Clinical data management ensures the data collection, integration, and data availability with appropriate quality and cost. It is also useful to conduct, analyse, and manage the clinical research data. Its ultimate goal is to ensure that conclusion made from research is supported by stored data. Clinical Data Management market size valued USD 278.4 billion in 2020 and further is expected to grow with a CAGR of 13.2% during the forecast period.

Market Dynamics and Factors:

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Growing partnerships between CROs and pharmaceutical companies for performing clinical trials is the major driving factor for market growth. Also outsourcing of medical trials to contract research organizations (CRO) and favourable government policies drive the clinical data management system market. Budget constraints for medium and small pharmaceutical companies and software security are the factors hamper the growth of market. Improvement in security and overcoming safety issues will create opportunities in upcoming years for market growth. Also government participation for grand’s and funds for conducting clinical trials will increase CDMS market during forecast period. The major challenges faced by the clinical data management system industry are data cleaning, time wasting reconciling clinical data, and high cost of software.      

Market Segmentation:

On the basis of tools the clinical data management system industry market is segmented into oracle clinical, clintrial, macro, and rave. By services case report form designing, medical coding, data entry & validation, and discrepancy management. By application the market is divided into medical device, pharmaceutical & biopharmaceutical, and other. By region the market is categorized into North America, Asia Pacific, Europe, RoW.

Geographic Analysis:

North America dominated the clinical data management system market because of increasing need for data standardization and growing investments in pharmaceutical companies. Moreover, presence of numerous pharmaceutical groups in North America, which mainly focused on new drug improvement, fuelled the increase of E medical answer software market. Asia Pacific also shows significant growth owing to factors such as improving healthcare infrastructure and growing demand for advanced technologies. Also outsourcing of medical trials and availability of diverse patients throughout the region responsible for clinical data management market growth. Asia Pacific is expected to show significant growth over the forecast period owing to factors such as improving healthcare infrastructure, and growing demand for advanced technologies. In addition, high population base available for clinical trials in Asia Pacific allowed contract research origination to carry out study in this region hence leading to extensive usage of such software in this region.

Competitive Scenario:

Some of the key players in clinical data management system industry are BioClinica, IBM, Capterra, Edge Technologies Inc., MasterControl, Ofni Systems, eClinical Solutions Inc., Oracle Corporation, PAREXEL International Corporation, MedNet Solutions Inc., and Bio-Optronics.

Clinical Data Management System Market Report Scope