Clinical Trial Management System Market size worth $ 1890.4 Million, Globally, by 2028 | User Walls

JERSEY CITY, N.J., Jan. 3, 2022 /PRNewswire/ -- Verified Market Research recently published a report, Clinical Trial Management System Market By Deployment Mode (Enterprise and On-site), By Delivery Mode (Web-Based (Hosted) CTMS, Cloud-Based (SaaS) CTMS, and Licensed Enterprise (On-Premise) CTMS), By End User (Pharmaceutical and Biopharmaceutical Companies, Contract Research Organizations, and Medical Device Companies), By Component, and By Geography. According to Verified Market Research, the Global Clinical Trial Management System Market size was valued at USD 746.09 Million in 2020 and is projected to reach USD 1890.4 Million by 2028, growing at a CAGR of 10.90% from 2021 to 2028.

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Global Clinical Trial Management System Market Overview

With the rising demand from end-user such as Pharmaceuticals, the market is experiencing tremendous growth. The pharmaceutical companies are adopting the Clinical Trial Management Systems at a faster pace in order to manage the clinical trials as part of pharmaceutical and biotechnology research activities. The biotechnology and pharmaceutical companies are highly investing in R&D activities with huge investments. This is one of the major factors that encourage various companies to adopt the software tools and thereby leads to market expansion.