U.S. Clinical Trials Management System Market Size & Outlook
U.S. clinical trials management system market, 2017-2030 (US$M)
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U.S. clinical trials management system market highlights
- The U.S. clinical trials management system market generated a revenue of USD 748.9 million in 2023 and is expected to reach USD 1,750.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.9% 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 748.9 million |
| Market revenue in 2030 | USD 1,750.0 million |
| Growth rate | 12.9% (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, U.S. accounted for 40.4% 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 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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U.S. 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 70.81% in 2023. Horizon Databook has segmented the U.S. clinical trials management system market based on web & cloud based, on premise covering the revenue growth of each sub-segment from 2017 to 2030.
Technological advancements in CTMS solutions have significantly improved their availability and ease of use. The decline in popularity of paper-based trial documentation in recent years is evidence of the many benefits of using electronic technologies in clinical research.
Therefore, it is projected that ongoing technological advancements will fuel market expansion by providing an efficient workflow. With the presence of leading organizations, such as Oracle, Medidata Solutions, Inc. (Dassault Systemes), and OpenClinica LLC, the clinical trial management systems market is becoming more competitive.
These are the major global companies in the market with large CTMS product portfolios and major FDA & CE mark approvals, enabling them to introduce newer products with relative ease. For instance, in February 2020, Oracle introduced the Oracle Cloud System in Australia (Melbourne), the Netherlands (Amsterdam), Saudi Arabia (Jeddah), Japan (Osaka), and Canada (Montreal).
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. clinical trials management system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. clinical trials management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. clinical trials management system market size, by delivery mode, 2017-2030 (US$M)
U.S. Clinical Trials Management System Market Outlook Share, 2023 & 2030 (US$M)
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