The clinical trials software market is projected to be growing at a CAGR of 14%, claims Roots Analysis

Comments · 9 Views

Interestingly, the maximum number of partnership agreements were inked in 2021

Given the limitations of current clinical trial approaches, including inefficient patient management and data handling, trial sponsors are increasingly opting for innovative technologies and software solutions for conducting clinical trials

 

Roots Analysis has announced the addition of “Clinical Trials Software Market, 2022-2035” report to its list of offerings.

 

Excessive capital expenditure and other complexities associated with the traditional clinical trials has imposed an enormous financial burden on the pharmaceutical industry. Virtual clinical trials software solutions have the potential to induce substantial digital changes in clinical research methodology, resulting in a more patient-centric, cost-effective and easy to manage approach.

 

To order this 270+ page report, which features 60+ figures and 50+ tables, please visit https://www.rootsanalysis.com/reports/clinical-trial-software-market.html

 

Key Market Insights

 

Over 70+ companies claim to provide clinical trials software

The companies offer clinical trials software with different features like electronic data capture, eCOA/ePRO and eConsent along with decentralized and virtual clinical trials and remote monitoring of the patients. Majority of the players based in North America offer clinical trials software followed by Europe and Asia-Pacific. Further, the market is dominated by the presence of mid-sized players (more than 40%) followed by small and large players.

 

Clinical trial management software

It is a well-known fact that clinical trials form an integral part of the overall drug development process, enabling innovators to assess safety and efficacy of their drug candidates / devices. These studies account for around 50% of the total time and capital invested in the development process

 

Since 2016, more than 120+ partnerships have been inked by service providers

Interestingly, the maximum number of partnership agreements were inked in 2021, majority of these were service agreements (44%), followed by acquisitions/mergers (26%). Further, most of the deals were inked with players based in North America (64%).

 

Over 30 mergers and acquisitions were reported in this domain, during the period 2016-2021

More than 85% of these were instances of acquisitions. Further, majority of the instances involved the companies based in North America and the maximum number of deals were inked in 2019.

 

Over USD 492.8 million has been invested by both private and public investors, since 2016

Majority of the companies (67%) engaged in this domain primarily received funding through venture capital rounds. Further, around 98% of the funding instances were reported by players headquartered in North America.

 

The market is expected to grow at an annual rate close to 14% over the coming decade

The opportunity is likely to be well distributed across clinical trials software on the basis of features of software (EDC, eCOA/ePRO and eConsent) and geographies (North America, Europe and Asia-Pacific). By 2035, the clinical trials software market in North America is anticipated to grow at a relatively faster pace (39%), followed by the market in Europe (21%).

 

Clinical trial management system : Driven by the substantial progress in this domain, encouraging virtual clinical trial results, and ongoing technological advancement, the clinical trials software market is anticipated to grow at a commendable pace in the mid to long term.

 

To request a sample copy / brochure of this report, please visit https://www.rootsanalysis.com/reports/clinical-trial-software-market.html

 

 

Key Questions Answered

 

  • Who are the leading players engaged in the development of clinical trials software solutions?
  • Which region(s) will occupy the maximum market share in clinical trials software domain?
  • Who are the key venture capitalists / strategic investors funding the clinical trials software development initiatives?
  • Which partnership models are commonly adopted by stakeholders engaged in the development of clinical trials software solutions?
  • Which factors are likely to influence the evolution of this market?
  • How is the current and future market opportunity likely to be distributed across key market segments?

 

By 2035, the financial opportunity within the clinical trials software market has been analysed across the following segments:

  • Features of Software
  • Electronic Data Capture
  • eCOA/ePRO
  • eConsent

 

  • Analysis by Geographical Regions
  • North America
  • Europe
  • Asia Pacific

 

The research includes profiles of key players (listed below); each profile features a tabulated overview of company, product portfolio, recent developments, and an informed future outlook.

  • Advarra
  • ArisGlobal
  • AssistRx
  • Clario
  • IBM
  • IQVIA

 

For additional details, please visit

https://www.rootsanalysis.com/reports/clinical-trial-software-market.html or email [email protected]

 

You may also be interested in the following titles:

  1. Virtual Clinical Trial Service Providers Market, 2021-2030
  2. AI-based Clinical Trial Solutions Providers Market, 2020-2030
  3. Patient Recruitment and Retention Services Market (2nd Edition), 2021-2030
  4. Virtual Clinical Trial Service Providers Market, 2020-2050

 

About Roots Analysis

Roots Analysis is one of the fastest growing market research companies, sharing fresh and independent perspectives in the bio-pharmaceutical industry. The in-depth research, analysis and insights are driven by an experienced leadership team which has gained many years of significant experience in this sector. If you’d like help with your growing business needs, get in touch at [email protected]

 

 

Contact:

Ben Johnson

+1 (415) 800 3415

+44 (122) 391 1091

[email protected]

 

Facebook - https://www.facebook.com/RootsAnalysis

LinkedIn - https://www.linkedin.com/company/roots-analysis/mycompany/

Twitter - https://twitter.com/RootsAnalysis

Medium - https://medium.com/@RootsAnalysis

Pinterest - https://in.pinterest.com/RootsanalysisPin/_saved/

Quora - https://rootsanalysisinsights.quora.com/

Comments