Saudi Arabia Clinical Trials Management System Market Size & Outlook
Saudi Arabia clinical trials management system market, 2017-2030 (US$M)
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Saudi Arabia clinical trials management system market highlights
- The Saudi Arabia clinical trials management system market generated a revenue of USD 7.3 million in 2023 and is expected to reach USD 20.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15.5% 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 7.3 million |
| Market revenue in 2030 | USD 20.1 million |
| Growth rate | 15.5% (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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, South Africa clinical trials management system market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 23.6 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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Saudi Arabia 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 71.23% in 2023. Horizon Databook has segmented the Saudi Arabia clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia has already initiated the digitalization of its healthcare system to improve medical quality, patient experience, and efficiency. This has created opportunities for healthcare companies to improve their clinical trial assessment with the use of electronic data management systems for new drug development & clinical research.
This is expected to drive the country’s CTMS market over the forecast period. Furthermore, companies are focusing on adopting certain growth strategies, such as acquisition, partnership, product launches, and expansions, to maintain their place in the competitive market.
The GCC (Co-operation Council for the Arab States of the Gulf) countries are new to clinical research, however, with technological advancements and rapid digitization, the countries are overcoming the challenges faced on the technological front & are witnessing significant growth.
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Our clientele includes a mix of clinical trials management system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia clinical trials management system market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
Saudi Arabia Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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