Australia Clinical Trials Management System Market Size & Outlook
Australia clinical trials management system market, 2017-2030 (US$M)
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Australia clinical trials management system market highlights
- The Australia clinical trials management system market generated a revenue of USD 55.7 million in 2023 and is expected to reach USD 170.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, web & cloud based was the largest revenue generating delivery mode in 2023.
- Web & Cloud based is the most lucrative delivery mode segment registering the fastest growth during the forecast period.
Clinical trials management system market data book summary
| Market revenue in 2023 | USD 55.7 million |
| Market revenue in 2030 | USD 170.6 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Web & cloud based |
| Fastest growing segment | Web & Cloud based |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Web & Cloud based, On premise |
| Key market players worldwide | IQVIA Holdings Inc, Medidata, Oracle Corp, DATATRAK International Inc, Clario, PAREXEL, Labcorp Holdings Inc, Veeva Systems Inc Class A, Wipro Ltd ADR |
Other key industry trends
- In terms of revenue, Australia accounted for 3.0% of the global clinical trials management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China clinical trials management system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 188.6 million by 2030.
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Clinical Trials Management System Market Scope
Clinical Trials Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia clinical trials management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to clinical trials management system market will help companies and investors design strategic landscapes.
Web & cloud based was the largest segment with a revenue share of 70.74% in 2023. Horizon Databook has segmented the Australia clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
Australia has several sites and world-class facilities with well-equipped digital solutions to handle clinical trials and generate better-quality results in a shorter timeline. Although the trials reduced in number during the COVID-19 pandemic, they quickly recovered with vaccine trials conducted in the country.
Furthermore, with the rapid expansion of Australia’s healthcare sector, there is an increase in the need for R&D to develop novel treatments and medications. CTMS solutions have proven to be very successful and economical over recent years.
Pharmaceutical businesses are investing more in clinical trials, and advancements in clinical data management are also on the rise. The pharma industry's adoption of cloud computing is anticipated to have a beneficial impact on market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia clinical trials management system market , including forecasts for subscribers. This country databook contains high-level insights into Australia clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
Australia Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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