Clinical Trials Management System (CTMS) Market Size Is Expected To Reach USD 1.62 Billion By 2025 : Grand View Research Inc.
San Francisco, 29 May 2019: The Report Clinical Trials Management System (CTMS) Market Share, Size & Trends Analysis Report By Type (Enterprise, Site), By Delivery Mode (Web-based, Cloud-based), By Component, By End User, And Segment Forecasts, 2018 – 2025 The global Clinical Trials Management System (CTMS) Market size is expected to reach USD 1.62 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 12.1% over the forecast period. Rapid growth of healthcare IT, high R&D expenditure by life science and clinical research organizations, and adoption of CTMS solutions is anticipated to drive the market growth. Increasing investment by pharmaceutical and biotechnology companies coupled with government funding is promoting research activities. This factor is expected to boostgrowth of the market for clinical trial management systems.According to the estimates of the International Federation of Pharmaceutical Manufact