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Oct 5, 2020 11:40 AM ET

Global Clinical Data Management Market Overview 2020-2027 : Company Profiles, Industrial Overview Research, Technologies Advancement, Applications, Verticals & Strategies

Global Clinical Data

iCrowd Newswire - Oct 5, 2020

Global Clinical Data Management Market was valued at USD 580.10 million in 2019 which is expected to reach USD 1085 million at a CAGR 13.6%.

Clinical data management is the process of documentation, collection, and data storage. Clinical data management is used in used in clinical research for management of data of a clinical trial. It is fundamental phase in clinical research for the generation of high quality reliable data to reduce time duration from drug development to marketing.

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Market Drivers

Increase in number of clinical trials is the key driving factor which is expected to boost the global clinical data management market growth. Reduced time and ease in data entry, ability to capture additional response-set information and flexibility in format are the advantages of clinical data management which is expected to propel the growth of clinical data management industry. Furthermore, clinical data management offers high level of productivity and efficiency are expected to fuel the global clinical data management market growth, during this forecast period. Additionally, rise in research and development activities of clinical research and drug development expected to drive the global clinical data management market growth.

Market Restraints

However, lack of infrastructure facilities in various government and private hospitals is the challenging factor which is expected to hamper the global clinical data management market growth. Also, low internet penetration in emerging countries will affect the global clinical data management market growth.

Market Key Players

Various key players are discussed in this report such as Medidata Solutions, Inc., Datatrak International Inc, eClinical Solutions Inc., PAREXEL International Corporation, PHT Corporation, MedNet Solutions Inc, BioClinicia,ERT, Oracle Corporation, and OmniComm Systems.

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Market Taxonomy

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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QualiKet Research
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