Canada Clinical Trials Management System Market Size & Outlook
Canada clinical trials management system market, 2017-2030 (US$M)
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Canada clinical trials management system market highlights
- The Canada clinical trials management system market generated a revenue of USD 177.9 million in 2023 and is expected to reach USD 462.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.6% 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 177.9 million |
| Market revenue in 2030 | USD 462.1 million |
| Growth rate | 14.6% (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, Canada accounted for 9.6% 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 North America, U.S. clinical trials management system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 462.1 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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Canada 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 70.88% in 2023. Horizon Databook has segmented the Canada clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
Stringent regulatory requirements imposed on pharmaceutical and biotech industries have prompted drug manufacturers to automate their clinical trial result process. For instance, Health Canada is the country’s competent authority in charge of monitoring and inspecting clinical trials in Canada, according to the CanadaFDA, the CanadaFDR, the G-CanadaCTApps, and CAN-29.
According to G-CanadaCTApps, Health Canada permits clinical trials to be conducted in the country and regulates the sale & import of medications used in clinical trials in compliance with CanadaFDR provisions.
As a result, the need for CTMS solutions in the country has significantly increased in recent years. Over the forecast period, the pharmaceutical industry's rapid use of cloud computing and rising investments in clinical data management systems are anticipated to drive the country’s CTMS market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada clinical trials management system market , including forecasts for subscribers. This country databook contains high-level insights into Canada clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
Canada Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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