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(Medical-NewsWire.com, September 18, 2018 ) According to Verified Market Intelligence, the global clinical trial management market was valued at USD 547.01 million in 2016 and is projected to reach USD 1,387.17 million by 2025, growing at a CAGR of 10.9% from 2017 to 2025.
Clinical Trial Management System is a software system which is customizable and aims at managing the clinical trial data generated in clinical trials conducted by different pharmaceutical companies and clinical research organization. These systems allows easy tracking and monitoring of patients involved in clinical trials and analyze huge amount of data which helps in deciding the safety factors of the products undergoing clinical trials.
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Rising R&D investment in pharmaceutical and biotech sector, growing number of clinical trials, increasing discoveries in pharma industry, increasing focus on model organism safety, increasing customer satisfaction with usage of the technology are the driving factors for growth of the global clinical trial management market. While lack of IT professionals and budget limitations acts a potential restraints for the overall market at a global level.
Competitive Landscape:
The major players in the market are as follows:
Oracle Corporation
Medidata Solutions, Inc.
Parexel International Corporation
Bioclinica, Inc.
Bio-Optronics, Inc.
Merge Healthcare Incorporated (An IBM Company)
Datatrak International, Inc.
Veeva Systems, Inc.
DSG Inc. (Document Solutions Group)
Eclinforce, Inc.
ERT
Forte Research Systems, Inc.
Mednet Solutions, Inc.
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Contact Information:
Verified Market Research
Contact Person: Ankush
Tel: +1650781 4080
Email us: sales@verifiedmarketresearch.com
Verified Market Research
Amaan Kazi
+1 (650) 781 4080
amaankazi@verifiedmarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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