Input data: A growing healthcare sector and rising private investment will boost industry revenue

The Clinical Trial Data Management Services industry specializes in clinical trial management services (CTMS), specifically the operational planning and management of the clinical trial process, including site performance, patient recruitment, resource management, contact information and regulatory document recordkeeping. As the healthcare sector expands and institutions conduct more clinical trials, demand for CTMS software has increased; consequently, industry revenue has grown over the five years to 2017. Downstream companies that conduct clinical trials have experienced increasing demand as the healthcare sector expands, along with ballooning increasing consumer demand and spending on healthcare. This growth is expected to continue over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$536m
Annual Growth 12-17
5.4%
Forecast Growth 17-22
Profit
Employment
2,840
Businesses
176

Industry Threats & Opportunities

  • As the healthcare sector expands and institutions conduct more clinical trials, demand for CTMS software has increased
  • Operators have developed CTMS software in a variety of ways
  • Strong growth in investment for CTMS systems will keep profit margins healthy
  • Industry Report - Starting a New Business Chapter

    On a technical basis, there are few barriers to entry for software publishing start-ups. Generally, most software companies began with little more than a handful of computers and programmers. However, the Clinical Trial Data Management Services industry exhibits moderate barriers to entry overall. Patents on intellectual property can limit competition while the industry's largest companies are able rely on brand recognition, strong networks and connections to downstream health industries. For example, Oracle, a major developer of clinical trial management software (CTMS), has been able to gain market share by leveraging its existing business and technology service relationships with pharmaceutical and biotechnology companies. Com...purchase to read more.

    Additional Insights for the Clinical Trial Data Management Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clinical Trial Data Management Services Industry are

  • Ability to quickly adopt new technology
  • Access to highly skilled workforce
  • Ability to vary services to suit different needs
  • IBISWorld analysts also discuss how external factors such as Private investment in computers and software and Demand from brand name pharmaceutical manufacturing in the Clinical Trial Data Management Services industry impact industry performance..

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    What's in this report

    What is the Clinical Trial Data Management Services Industry?

    Clinical Trial Management Systems (CTMS) maintain and manage the planning, preparation, performance, and reporting of clinical trials, with emphasis on tracking participants, deadlines and milestones. These systems are used by pharmaceutical and life sciences companies to manage large amounts of data involved in the operation of a clinical trial. CTMS help to identify key performance indicators, while establishing metrics, results, and performance management.

    Industry Products
  • Setup services
  • Training
  • Support and maintenance
  • Data conversion and application integration
  • Industry Activities
  • Providing Clinical Trial Management Systems in the form of software-as-a-service (SaaS)
  • Providing Clinical Trial Management Systems for sale as a one-time purchase
  • Providing customized Clinical Trial Management Systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private investment in computers and software
  • Demand from brand name pharmaceutical manufacturing
  • Demand from diagnostic and medical laboratories
  • Demand from medical device manufacturing
  • Prime rate
  • Corporate profit

  • Current Performance
  • Downstream growth
  • Product pricing
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream growth
  • Increasing stability
  • Table: Clinical Trial Data Management Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clinical Trial Data Management Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Scientific Research & Development

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Computer Manufacturing
  • Computer Stores
  • Copier & Office Equipment Wholesaling
  • Wired Telecommunications Carriers

  • Products & Services
  • Setup services
  • Training
  • Support and maintenance
  • Data conversion and application integration
  • Chart: Clinical Trial Data Management Services Industry Products and Services Segmentation

  • Demand Determinants
  • Research and development (R&D) spending
  • Demographics
  • Government regulations

  • Major Markets
  • Pharmaceutical manufacturers
  • Contract research organization
  • Biotechnology companies
  • Medical device manufacturers
  • Universities, government organizations, institutions and foundations
  • Chart: Major Market Segmentation for the Clinical Trial Data Management Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Clinical Trial Data Management Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clinical Trial Data Management Services Industry

  • Industry Globalization
    Medidata Solutions Inc., BioClinca Inc.,
  • Table: Medidata Solutions Inc. - financial performance
  • Table: BioClinca Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Clinical Trial Data Management Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Clinical Trial Data Management Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private Investment in Computers and Software (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Clinical Trial
  • A medical or behavioral research study conducted on humans that is designed to record data about the effects of biomedical or behavioral interventions.
  • Clinical Trial Management System (Ctms)
  • A software system used by clinical research institutions designed to manage and organize the large amount of data involved in a clinical trial.
  • Pharmaceutical
  • A medicinal product made from chemicals designed to physiologically benefit the body in a specific way.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Clinical Trial Data Management Services can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    • Inform your decisions for marketing, strategy and planning
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    This report on Clinical Trial Data Management Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clinical Trial Data Management Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clinical Trial Data Management Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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