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1 MarketsandMarkets Publisher Sample Phone: (US) or or (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST MarketResearch.com

2 CLINICAL TRIAL MANAGEMENT SYSTEMS (CTMS) MARKET GLOBAL TRENDS, OPPORTUNITIES, CHALLENGES & FORECASTS ( ) MarketsandMarkets

3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2012 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2

4 1 INTRODUCTION 1.1 KEY TAKE-AWAYS To measure the market for Clinical Trial Management System (CTMS) globally with respect to technologies and their applications To analyze the market structure by identifying various sub-segments of the CTMS market To forecast revenue for the market pertaining to CTMS and its various sub-markets with respect to four regions; i.e. North America, Europe, Asia, and Rest of the World (ROW) To identify the major market trends and the factors driving or inhibiting growth of the CTMS market and its various sub-markets globally To strategically profile the key players of the CTMS market globally and comprehensively analyze their core competencies and marker share. To track and analyze recent developments, joint ventures, alliances, mergers and acquisitions in the World Clinical Trial Management Systems (CTMS) market 1.2 REPORT DESCRIPTION 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 is estimated to grow at a CAGR of XX% during the study period ( ). In this report, the global CTMS market is studied by the end-users, delivery mode, components, and types. MarketsandMarkets Sample Pages 3

5 U.S. is the largest market, 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. 1.3 MARKETS COVERED This market report will enable strategic understanding of the following key segments of the CTMS 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 MarketsandMarkets Sample Pages 4

6 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 "competitive landscape" section describes the strategies adopted by the companies to expand their global footprint and increase market share. The report also covers 26 Key company profiles. MarketsandMarkets Sample Pages 5

7 2 EXECUTIVE SUMMARY A clinical trial deals with the application of specific clinical or scientific methods or medicine to 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 the 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 Systems (CTMS) market was globally XX% penetrated in Globally the CTMS market was valued at $XX million in 2010, and is estimated to reach $XX million by 2016, growing at a CAGR of XX%. 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 process as a part of drug/therapeutic research and development and also other forms of clinical trials such as post-marketing surveillance, behavioral studies or trials and more. MarketsandMarkets Sample Pages 6

8 TABLE 1 CTMS MARKET SIZE, BY GEOGRAPHY, ($MILLION) Region CAGR% ( ) North America XX XX XX XX XX XX Europe XX XX XX XX XX XX Asia XX XX XX XX XX XX ROW XX XX XX XX XX XX Total XX XX XX XX XX XX Source: Expert Interviews, Annual Reports and MarketsandMarkets Analysis North America is leading the global CTMS market with around XX% share in Majority of the global clinical trials are conducted in North America, especially in U.S. (around XX% share). North America was valued at $XX million in 2010 and is estimated to reach $XX million by 2016, at a CAGR of XX%. Followed by North America, Europe was the second largest CTMS market with XX%. Asian countries are likely to provide significant growth opportunities to this market with the key player gaining a firm foothold due to increasing demand from this region. For example, Forte Research System Inc (U.S.) has opened a wholly owned subsidiary, Forte Research Systems India Pvt. Ltd in the Asian sub-continent to take advantage of the growing demand and gain first mover advantage and competitive edge in the region. Major players in the CTMS market include Oracle Corporation (U.S.), Perceptive Informatics (a subsidiary of Parexel International Corporation) (U.S.), Medidata Solutions (U.S.), eresearch Technology Inc. (U.S.), and BioClinica Inc. (U.S.). MarketsandMarkets Sample Pages 7

9 3 MARKET BY DELIVERY MODE 3.1 INTRODUCTION 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. On-premise model is the traditional mode of CTMS software implementation, which was most preferred & common in the past. In this model end-users purchase the software licensing based on their organizational needs and determine how it will be implemented and maintained. This model demands certain infrastructural requirements at the customer location or premise and the CTMS application installed in such a way can be accessed at the specific premise only. Web-based CTMS is the second delivery model available to a clinical trial organization. This hosted model offers improved performance and reliability, by avoiding long deployment cycles. This model minimizes upfront investment without incurring high infrastructure costs. Cloud/Software-as-a-service (SaaS) is the recently evolved CTMS delivery mode. In this mode the CTMS vendor offers a separate cloud-based sever to customers with monthly charges or cost for all inclusive (software, maintenance, and support). MarketsandMarkets Sample Pages 8

10 FIGURE 1 CTMS MARKET, BY DELIVERY MODE, 2010 VS XX% XX% XX% XX% XX% XX% ASD QWE JKL Source: Secondary research, Primary research and MarketsandMarkets Analysis Among all the segments, the web-based market is forecasted to witness the highest CAGR of XX% from 2011 to 2016 and is estimated to capture XX% share by 2016 from XX% share in TABLE 2 CTMS MARKET REVENUE, BY DELIVERY MODE, ($MILLION) Delivery mode CAGR% ( ) Web-based XX XX XX XX XX XX On-Premise XX XX XX XX XX XX Cloud XX XX XX XX XX XX Total XX XX XX XX XX XX Source: Expert interviews, Annual Reports and MarketsandMarkets Analysis MarketsandMarkets Sample Pages 9

11 Web-based CTMS market contributed the largest share; i.e. XX% or $XX million in Cloud-based (client-server based CTMS) and on-premises CTMS market contributed $XX million (XX%) and $XX million (XX%) to the overall CTMS market respectively in MarketsandMarkets Sample Pages 10

12 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge when ordering that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. No part of this strategic analysis service may be given, lent, resold or disclosed to non-customers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. For information regarding permission, contact: Tel: MarketsandMarkets Sample Pages 11

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