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March 15, 2012 - PRLog -- A clinical trial deals with the application of specific clinical or scientific methods or medicine to the human body. Clinical trials are used to identify the effect of particular treatment or medication on patients suffering from a particular disease. The process of a clinical trial starts with identification of the medication or medical device to be tested. Participants for the trial are selected and the results are studied in order to define the effectiveness of the drug or device.

Clinical trials are very crucial as they involve huge capital investment and may affect the subjects involved. Thus proper management of clinical trials has become a priority for the hospitals. Clinical Trial Management System (CTMS) is a software system employed to manage the large amounts of data involved in a clinical trial. It maintains the planning, preparation, performance, and reporting of clinical trials, including participant information, trial and filing deadlines and other important milestones. The global CTMS market was valued at $576.22 million in 2010. The global CTMS market is estimated to grow at a CAGR of 14.53% during the study period (2011-2016).

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Improved clinical trial efficiency with optimized process; centralized database; improved site performance by enhanced investigator relationships; higher subject accrual rate & reduced workload for research coordinators; efficiency in budgeting and financial management; improved cost efficiencies; improved clinical research associate productivity; and automated data processing and report generating are some of the key advantages of CTMS that are driving the market.

Clinical Trial Management System (CTMS) is used by the clinical trial organizations such as Pharmaceutical/Biopharmaceutical Companies, Clinical Research Organizations (CROs), and Healthcare providers (Hospitals, Academic Medical Centers (AMCs) which handle clinical trial. The pharmaceutical CTMS market contributed the largest share; i.e. 49% in 2010. Clinical Research Organizations (CRO) and Healthcare providers contributes 46% and 5% respectively in 2010.

Based on the mode of delivery, the CTMS market is divided into three types; i.e. web-based CTMS, on-Premise CTMS, and cloud-based CTMS. Among all these segments, the web-based market is forecasted to witness the highest CAGR of 15.95% from 2011 to 2016 and is estimated to capture 75% share by 2016 from 70% share in 2010. On-premise CTMS and cloud-based (SAAS) CTMS contributes 28% and 2% respectively in 2010.

North America dominated the global CTMS market with around 62% share in 2010. The U.S. captures the largest market share of North America, and shows a remarkable growth opportunity. The second largest market, Europe, while growth in the Asia-Pacific region is also expected to take greater curves in the near future.

Scope of the Report

This Clinical Trial Management System (CTMS) market research report will enable strategic understanding of the following key segments of the market:

Global CTMS market, by end-users:

Pharmaceutical/biopharmaceutical
Clinical Research Organizations (CRO's)
Healthcare Providers (Academic institutions/universities, hospitals, and research institutions)

Global CTMS market, by types:

Enterprise CTMS
Site CTMS

Global CTMS market, by components:

Hardware
Software
Services

Global CTMS market, by delivery mode:

On-premises (Licensed Enterprise)
Web-based (Web-hosted)
Cloud-based
The geographies covered under the report are -

North America

U.S.
Canada

Europe

Asia

ROW (Rest of the World)

Each section of the report offers market data for the various market segments and geographies. It also provides market trends with respect to drivers, restraints, and opportunities. The report's "strategy" section sketches the competitive landscape with about four company profiles.

Partial Table of Contents:

1 INTRODUCTION
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 ASSUMPTIONS MADE FOR THE REPORT

2 SUMMARY

3 MARKET OVERVIEW
3.1 INTRODUCTION
3.1.1 CLINICAL TRIAL DEFINITION
3.1.2 CLINICAL TRIAL PROCESS
3.1.3 CLINICAL TRIAL MANAGEMENT SYSTEM DEFINITION
3.2 ECLINICAL PROCESS & ECLINICAL PLATFORM
3.3 MARKET DYNAMICS
3.3.1 DRIVERS
3.3.1.1 Introduction
3.3.1.2 Ensures patient safety
3.3.1.3 Mitigates costs and offers competitive advantage
3.3.1.4 Secured anytime, anywhere access of web-based and cloud-based CTMS offerings
3.3.1.5 CTMS Integration with other Hospital Information Systems (HIS)
3.3.2 RESTRAINTS
3.3.2.1 Lack of awareness of CTMS in the research community
3.3.2.2 High cost of the system restricts the user count
3.3.2.3 Flexibility issues are more with on-premise CTMS model
3.3.3 OPPORTUNITIES
3.3.3.1 Shift of clinical trials and resources from AMCs to CROs in the past decade
3.3.3.2 Increasing clinical trial Outsourcing trend form Asian countries
3.3.4 MARKET SHARE ANALYSIS, BY COMPETITOR

4 BENEFITS OF CTMS (KEY NEEDS AND BENEFITS INFLUENCING PURCHASING DECISIONS)
4.1 IMPROVED CLINICAL TRIAL EFFICIENCY WITH OPTIMIZED PROCESS & CENTRALIZED DATABASE
4.2 IMPROVES SITE PERFORMANCE BY ENHANCED INVESTIGATOR RELATIONSHIPS
4.3 HIGHER SUBJECT ACCRUAL RATE & REDUCED WORKLOAD FOR RESEARCH COORDINATORS
4.4 EFFECTIVELY MANAGE THE BUDGETING & BILLING ACTIVITES ASSOCIATED WITH CLINICAL TRIALS
4.5 IMPROVED COST EFFICIENCIES THROUGH REDUCED DATA ENTRY AT MULTIPLE SITE & MANUAL LABOR COSTS
4.6 IMPROVED CLINICAL RESEARCH ASSOCIATE PRODUCTIVITY
4.7 AUTOMATED DATA PROCESSING & REPORT GENERATING

5 CHALLENGES/LIMITATIONS/UNMET NEEDS
5.1 EVOLUTION OF CTMS SYSTEM IN A TIMELY MANNER TO IMPROVE THE BUSINESS PROCESS
5.2 INTEROPERABILITY & INTEGRATION ISSUES
5.3 EXTENSIBILITY
5.4 SKEPTICISM IN USAGE & APPLICATIONS
5.5 COST & DURATION OF DEPLOYMENT

6 COMPONENTS OF A CTMS (DRIVERS INFLUENCING THE BUYING PATTERN)
6.1 INTRODUCTION
6.2 PROTOCOL DESIGN & STUDY START UP
6.3 PATIENT & INVESTIGATOR RECRUITMENT
6.4 FINANCIAL MANAGEMENT & BILLING SOLUTIONS

Full Table of Contents is available at:
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