Thailand Clinical Trials Management System Market Size & Outlook
Thailand clinical trials management system market, 2017-2030 (US$M)
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Thailand clinical trials management system market highlights
- The Thailand clinical trials management system market generated a revenue of USD 27.7 million in 2023 and is expected to reach USD 93.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 18.9% 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 27.7 million |
| Market revenue in 2030 | USD 93.1 million |
| Growth rate | 18.9% (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, Thailand accounted for 1.5% 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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Thailand 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 71.12% in 2023. Horizon Databook has segmented the Thailand clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
Thailand’s CTMS market is expected to grow moderately over the forecast period. The country has recently become a key location for global medical companies to conduct clinical trials owing to its distinct advantages, such as strong government support for clinical studies, solid research infrastructure, lower costs than Japan & Korea, and the presence of a highly skilled clinical research workforce.
Historically, clinical trial sponsors were focused majorly on western sites owing to robust features. However, Asian countries such as Thailand are swiftly becoming well-equipped locations for clinical trials.
Furthermore, the Thailand Ministry of Public Health initiated the 2016-2025 plan to make Thailand a better destination in major medical areas, including academic & research activities. Such factors are widely increasing the demand for CTMS solutions in the country.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand clinical trials management system market , including forecasts for subscribers. This country databook contains high-level insights into Thailand clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
Thailand Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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