ASIA PACIFIC CLINICAL TRIAL MANAGEMENT MARKET FORECAST 2019-2027

ASIA PACIFIC CLINICAL TRIAL MANAGEMENT MARKET FORECAST 2019-2027

  • April 2019 •
  • 90 pages •
  • Report ID: 5761996 •
  • Format: PDF
KEY FINDINGS
The clinical trial management system (CTMS) is a software system employed by the biotechnology, healthcare and pharmaceutical industries to administer clinical trials in clinical research.
The Asia Pacific region contributed $xx million in 2018 and is projected to reach $xx million by 2027, expected to proliferate significantly during the forecasting years of 2019-2027 by registering a CAGR of 13.02%. The regional market has a few major revenue contributing countries such as China, India, Japan, Australia, South Korea and the remaining countries collectively forming the Rest of APAC.

MARKET INSIGHTS
Pharmaceutical and biopharmaceutical companies are the prominent end-users of the clinical trial management market.With the advancement in technology and growth in demand for better drugs with fewer side-effects, there is a rise in the number of clinical trials conducted worldwide.

So, in the rapidly advancing and developing countries of the Asia Pacific region, this driver plays a crucial role in market growth.
Asia-Pacific is anticipated to be the fastest growing segment during the forecast period. This is attributable to the growth in the trend of outsourcing clinical trials among the developing countries as these countries have availability of large patient population base and the trials can be conducted at a lower cost.

COMPETITIVE INSIGHTS
The major market players operating in the region that are mentioned in the report are Veeva Systems Inc., Bioclinica Inc., Arisglobal LLC, Medidata Solutions, Inc., IBM Corporation, Parexel International Corporation, Oracle Corporation, Forte Research Systems Inc., Mednet Solutions Inc., and Bio-Optronics Inc.

Companies mentioned
1. MEDIDATA SOLUTIONS, INC.
2. ARISGLOBAL LLC
3. BIOCLINICA INC.
4. BIO-OPTRONICS INC.
5. FORTE RESEARCH SYSTEMS INC.
6. ORACLE CORPORATION
7. IBM CORPORATION
8. MEDNET SOLUTIONS INC.
9. PAREXEL INTERNATIONAL CORPORATION
10. VEEVA SYSTEMS INC.