Clinical Data Management Market is Booming Worldwide with clinical data extraction software service

Impact of COVID-19 on The Global Clinical Data Management Market Size, Share & Trends Analysis Report By Type, By Application, and By Region (2021-2027)

Clinical data management is an important procedure in clinical studies, which results in the generation of reliable, high-quality, and generally meaningful data from medical trials. Data management thus aims at improving the quality of the results of clinical researches through the collection, analysis, and sharing of data. It is useful for various research purposes, including pre-clinical and clinical studies, drug development, and regulatory activities.

Many pharmaceutical and biotechnology companies have taken significant advantage of clinical data management since these organizations are focused on R&D activities and investing frequently. Recently, in January 2021, AstraZeneca invested US$ 520 million in France across the spectrum of manufacturing and R&D. Such investments have increased the adoption of clinical data management to gain high-quality and reliable insights as well as sound data from clinical trials. Thus, these factors can augment growth of the clinical data management market.

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Some of the companies competing in the Clinical Data Management market are: OmniComm Systems, Oracle Corporation, BioClinicia, ERT, PHT Corporation, MedNet Solutions Inc., PAREXEL International Corporation, eClinical Solutions Inc., Datatrak International Inc., and Medidata Solutions, Inc.

Clinical data management requires robust infrastructure with advanced facilities and many government hospitals as well as private hospitals do not have the same. Such adversities can hinder the adoption of clinical data management solutions. Besides, low internet penetration in emerging economies can restrict growth of the clinical data management market in the near future.

An effective clinical data management system should meet the specific needs of the involved clinical trial. Ideally, a well-designed clinical data management system should include all the data collection elements that have an influence on the quality of the outcomes of the clinical trial. Developed regions especially North America seemed to have gained rapid traction in the clinical data management market in the recent past. This is due to the fact that there high adoption of advanced technology, which is complemented with robust healthcare infrastructure. Emerging economies such as India and China are exhibiting promising signs for the adoption of clinical data management solutions as there is a presence of major government incentives.

Detailed Segmentation:

On the basis of tools:

  • Oracle Clinical
  • Clintrial
  • Macro
  • Rave
  • eClinical Suite

On the basis of services:

  • Case Report Form (CRF) Designing
  • Data Entry and Validation
  • Discrepancy Management
  • Medical Coding
  • Others

On the basis of delivery mode:

  • Licensed Enterprise
  • Web–based
  • Cloud-based

On the basis of end-use industry:

  • Biotechnology
  • Pharmaceutical
  • Clinical Research Organizations
  • Medical Devices

Clinical Data Management Market regional analysis includes:

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

Europe (Turkey, Germany, Russia, United Kingdom, Italy, France, etc.)

North America (United States, Mexico and Canada).

South America (Brazil etc.)

Middle East and Africa (GCC countries and Egypt).

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Frequently Asked Questions (FAQ) : Is Clinical Data Management Market Booming In Near Future?

Yes,

Which are the prominent Clinical Data Management market players across the globe? Can i Add Specific Company?

Yes, You can add Specific Company upto 3 Companies.

Companies Covered as part of this study include: OmniComm Systems, Oracle Corporation, BioClinicia, ERT, PHT Corporation, MedNet Solutions Inc., PAREXEL International Corporation, eClinical Solutions Inc., Datatrak International Inc., and Medidata Solutions, Inc.

Which segment based on modality, accounted for the highest demand in the Clinical Data Management market?

What are the key factors driving growth of the Clinical Data Management market?

What is the Compound Annual Growth Rate (CAGR) of the Clinical Data Management market for next 8 years?

Which region is dominating the Clinical Data Management market growth?

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