Reports
Global Clinical IT Market Size, Share, Trends, Forecast: By Type: Clinical Data Management System (CDMS), Clinical Trial Management System (CTMS), Electronic Patient Reported Outcomes (ePRO), Electronic Trial Master File (eTMF), Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Clinical IT Market Outlook
The global clinical IT market reached a value of almost USD 7.55 billion in 2023. The market is further expected to grow at a CAGR of 12.50% between 2024 and 2032.
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The Asia Pacific Region to Witness a Healthy Growth Over the Forecast Period
The United States is the leading regional market for clinical IT, driven by the presence of large outsourcing companies and rising demand for R&D in the region. Meanwhile, the Asia Pacific is the rapidly growing market for eClinical trials, driven by a huge number of clinical studies and pressure to accelerate clinical trials in the region. The global eClinical trials market is shifting its customer base from developed countries to developing economies, aided by the increase in the number of life-science research companies and CROs and the existence of comparatively less stringent regulatory guidelines compared to developed countries.
The clinical data management system (CDMS) is the leading product segment, accounting for nearly a quarter of the clinical IT market share. CDMS are adaptable programming systems that deal with the clinical trial information produced by pharmaceutical and biotechnological organisations. CDMS is a web-based software that stores participant data collected in clinical studies. The rapid advancements in technology are leading to the increased adoption of electronic data capture systems by pharmaceutical companies. CDMS is followed by randomisation and trial supply management (RTSM). RTSM enables managing randomisation and allocation of therapy as randomisation is a crucial part of clinical trials, ensuring treatment balance and removing the risk of selection bias. The market for electronic patient-reported outcome (ePRO) is expected to grow at a faster pace than other technologies due to the increasing demand for the collection of patient reports via mobile and digital technologies.
Market Segmentation
The clinical IT assists in effective planning, tracking, and execution of the healthcare database across different countries.
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Based on product type, the market for clinical IT is divided into:
- Clinical Data Management System (CDMS)
- Clinical Trial Management System (CTMS)
- Electronic Patient Reported Outcomes (ePRO)
- Electronic Trial Master File (eTMF)
- Randomisation and Trial Supply Management (RTSM)
- Trial Safety and Regulatory
- Others
The clinical IT solutions employ technologies, such as smartphones, tablets, and personal computers, to allow patients, clinicians, and their caregivers to report outcomes directly.
The report also covers the regional markets for clinical IT like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Exceptional Benefits and Government Initiatives to Drive the Market Growth of Clinical IT
The global clinical IT market is driven by the pressure to accelerate clinical trials while maintaining low costs, which is possible only by shifting from the traditional method towards the technology-friendly eClinical approach. The market in the Asia Pacific is expected to grow due to the rising adoption of technology, like mobility solutions, and the increasing demand for eClinical trials driven by a huge number of clinical studies and research activities.
The market is further propelled by the increasing support for clinical trials given by governments in the form of grants and funding. The rising need for software solutions during the clinical trials is providing further impetus to the market growth. The clinical IT market is supported by the increasing R&D expenditure in the sector by the biotech and pharmaceutical companies, which is resulting in the adoption of technologies that deliver cost-effective solutions. The market growth is catalysed by the rising need for better data standardisation. The rise in the number of clinical trials, especially across emerging countries in the Asia Pacific region, is providing opportunities for the market growth of clinical IT solutions. This is further expected to be supported by the adoption of EDC systems by the pharmaceutical companies.
The outbreak of novel diseases worldwide is resulting in the rising need for clinical trials to prevent, detect, and treat disease. The IT methods, like Electronic Patient Reported Outcomes (ePROMs) in clinical trials, provide many benefits over the paper-based collection as they improve data quality, decrease costs, and facilitate faster clinical decision making. Additionally, using technology in clinical trials helps enhance efficiency by facilitating better communication with study staff, patients, and communities, and it assists in the easy recruitment of participants for clinical trials. People are increasingly using digital clinical services owing to the convenience associated with their use, irrespective of sociodemographic backgrounds. The initiatives taken by market players in developing efficient clinical IT platforms are contributing to the market development. For instance, in December 2020, Mednet, a healthcare technology company, launched software with expanded electronic patient reported outcomes (ePRO) capabilities. The ePRO module is developed to bolster patient engagement and enable remote participation during the pandemic. In another case, Dassault Systèmes (OTCMKTS: DASTY) acquired Medidata Solutions, Inc. (NASDAQ: MDSO) in October 2020.
Key Players in the Global Market for Clinical IT
The report gives a detailed analysis of the following key players in the global clinical IT market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Oracle Corporation
- Medidata Solutions, Inc.
- Parexel International Corporation
- Signant Health
- Cenduit, LLC
- BioClinica, Inc.
- OpenClinica, LLC
- DATATRAK International, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region |
| Breakup by Type | Clinical Data Management System (CDMS), Clinical Trial Management System (CTMS), Electronic Patient Reported Outcomes (ePRO), Electronic Trial Master File (eTMF), Randomization and Trial Supply Management (RTSM), Trial Safety and Regulatory, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health, Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, DATATRAK International, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Clinical IT Market Analysis
8.1 Key Industry Highlights
8.2 Global Clinical IT Historical Market (2018-2023)
8.3 Global Clinical IT Market Forecast (2024-2032)
8.4 Global Clinical IT Market by Type
8.4.1 Clinical Data Management System (CDMS)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Clinical Trial Management System (CTMS)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Electronic Patient Reported Outcomes (ePRO)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Electronic Trial Master File (eTMF)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Randomization and Trial Supply Management (RTSM)
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Trial Safety and Regulatory
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Clinical IT Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Clinical IT Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Clinical IT Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Clinical IT Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Clinical IT Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Clinical IT Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Oracle Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Medidata Solutions, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Parexel International Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Signant Health
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cenduit, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 BioClinica, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 OpenClinica, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 DATATRAK International, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Clinical IT Market: Key Industry Highlights, 2018 and 2032
2. Global Clinical IT Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Clinical IT Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Clinical IT Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Clinical IT Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Clinical IT Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Clinical IT Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Clinical IT Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Clinical IT Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Clinical IT Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Clinical IT Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Clinical IT Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Clinical IT Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Clinical IT Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Clinical IT Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Clinical IT Market Structure
Key Questions Answered in the Report
In 2023, the global clinical IT market attained a value of nearly USD 7.55 billion.
The market is projected to grow at a CAGR of 12.50% between 2024 and 2032.
The primary factors driving the market include the presence of large outsourcing companies, rising demand for research and development, increase in the life-science research companies, increase in the number of CROs, the existence of comparatively less stringent regulatory guidelines, adoption of electronic data capture systems by the pharmaceuticals, and increasing market for eClinical trials.
The key trends augmenting the market include the shift from the traditional clinical trials toward the technology-friendly eClinical approach and the growing funding by the government for clinical trials.
The major regions in the industry are North America, Latin America, Europe, Middle East, and Africa, and Asia Pacific.
Clinical data management system (CDMS) is the dominant type in the clinical IT industry.
The major players in the industry are Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health, Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, and DATATRAK International, Inc., among others.
Analyst Review
The global clinical IT market attained a value of USD 7.55 billion in 2023, driven by the shift from traditional clinical trials to the technology-friendly eClinical approach. Aided by the increase in the number of CROs and growing funding by the government for clinical trials, the market is expected to witness a further growth in the forecast period of 2024-2032 growing at a CAGR of 12.50%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Clinical data management system (CDMS) is the dominant type in the clinical IT industry. The major regional markets for the global clinical IT are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The key players in the above market include Oracle Corporation, Medidata Solutions, Inc., Parexel International Corporation, Signant Health, Cenduit, LLC, BioClinica, Inc., OpenClinica, LLC, and DATATRAK International, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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