The Clinical Data Management Systems (CDMS) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Clinical Data Management Systems (CDMS) Global Market Report 2024, The clinical data management systems (CDMS) market size is expected to see rapid growth in the next few years. It will grow to $4.74 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to adoption of risk-based monitoring, patient-centric trial designs, increased use of real-world evidence (RWE), globalization of clinical trials, focus on interoperability, emphasis on decentralized and virtual trials. Major trends in the forecast period include integration with electronic health records (EHR), artificial intelligence in data analysis, risk-based monitoring, mobile health (mhealth) integration, compliance with data privacy regulations.
The increasing volume and complexity of clinical trials are expected to propel the growth of the clinical data management systems (CDMS) market going forward. Clinical trials are research studies performed to evaluate a medical, surgical, or behavioral intervention. Clinical data management systems are essential for clinical trials as they ensure the accurate collection, integration, and availability of data for analysis, thereby enhancing the reliability and speed of research findings. For instance, in February 2024, according to ClinicalTrials.gov, a US-based government web resource, in 2022, 4,024 clinical trials published findings, which rose to 5,063 in 2023. Therefore, the increasing volume and complexity of the clinical trial population are driving the growth of the clinical data management systems (CDMS) market.
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The clinical data management systems (CDMS) market covered in this report is segmented –
1) By Type: Paper-Based Systems, Electronic Data Capturing Systems, Hybrid Systems,
2) By Component: Software, Services
3) By Deployment: On-Premise, Cloud-Based
4) By End Use: Contract Research Organization (CROs), Medical Device Companies, Pharma/Biotech Companies, Other End Uses
Major companies operating in the clinical data management systems (CDMS) market are focused on developing new technologies, such as health intelligence platforms, to increase their profitability in the market. A health intelligence platform refers to an integrated technology solution that leverages data analytics and artificial intelligence to enhance efficiency, accuracy, and insights derived from clinical trial data management. For instance, in April 2023, Orion Health Group Limited, a New Zealand-based healthcare software company, launched Orchestral. Orchestral revolutionizes healthcare data management with a versatile platform that supports cloud or on-premises setups, integrating advanced features such as machine learning, NLP, and seamless data integration. This marks a significant advancement in health data analytics, enhancing decision-making in healthcare with unprecedented efficiency and flexibility.
The clinical data management systems (cdms) market report table of contents includes:
1. Executive Summary
2. Clinical Data Management Systems (CDMS) Market Characteristics
3. Clinical Data Management Systems (CDMS) Market Trends And Strategies
4. Clinical Data Management Systems (CDMS) Market – Macro Economic Scenario
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5. Global Clinical Data Management Systems (CDMS) Market Size and Growth
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32. Global Clinical Data Management Systems (CDMS) Market Competitive Benchmarking
33. Global Clinical Data Management Systems (CDMS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Clinical Data Management Systems (CDMS) Market
35. Clinical Data Management Systems (CDMS) Market Future Outlook and Potential Analysis
36. Appendix
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