Chicago, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Markets N Research has recently released expansive research on Global Clinical Trials Matching Software Market with 100+ market data Tables, Pie Chart, and Graphs & Figures spread through Pages and easy to understand detailed analysis. The report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. This market research report serves the clients by providing data and information on their business scenario with which they can stay ahead of the competition in today's rapidly changing business environment.
As per the report titled "Clinical Trials Matching Software Market Size, Share & COVID-19 Impact Analysis, By Component (Services and Software), By End User (Clinical Research Organizations (CRO), Pharmaceutical and biotechnology Companies and Medical Device Firms), By Deployment Mode (On-Premise and Web and Cloud-based) and Regional Forecasts, 2022-2028" observes that the market size in 2021 stood at USD 152.6 million and USD 326.23 million in 2028. The market is expected to exhibit a CAGR of 13.50% during the forecast period.
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Clinical Trials Matching Software Market Analysis:
The prevalence of chronic illnesses and the growing demand for clinical trials are predicted to fuel the market for clinical trial matching software during the anticipated time frame. Market participants are focusing more on new features and creating innovative products due to supportive government initiatives and swiftly advancing technology. Additionally, the healthcare industry is also growing as a result of the quick rise in the number of businesses offering novel customizable features. Clinical trial software is predicted to grow in importance in the future, driving the global market for clinical trial matching software throughout the forecast period due to the increasing demand for remote monitoring services and digitally connected platforms.
Report Scope:
| Report Coverage | Details |
| Forecast Period | 2023-2030 |
| Forecast Period 2023 to 2030 CAGR | 13.50 % |
| 2028 Value Projection | 326.23 million |
| Base Year | 2022 |
| Market Size in 2021 | 152.6 million |
| Historical Data for | 2016 - 2021 |
| Segments covered | By Components, By End-User, By Deployment Mode and By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
List Of Key Companies Profiled:
- Advarra
- Antidote Technologies, Inc.
- IBM Clinical Development
- Clinical Trials Mobile Application
- SSS International Clinical Research
- Aris Global
- Clario
- Bsi Business Systems Integration AG
- Microsoft Corporation
- Ofni Systems
ERT Merged with Bioclinica to Combine Imaging, eClinical Software, and Drug Safety Expertise
In April 2021, Clario, a market leader in clinical endpoint data solutions, was the new name of the firm created by the union of ERT and Bioclinica. Through this merger, ERT and Bioclinica combined their respective strengths in wearable technology, cardiac safety, eClinical software, and drug safety solutions. The development objective was to integrate the two companies' technological advantages in order to offer a better service to a bigger customer base.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the clinical trials matching software market plan acquisitions to improve their brand recognition globally. For instance, in March 2021, according to Advarra, the purchase of Bio-Optronics, maker of CCTrialSuite and a supplier of clinical trial management system (CTMS) solutions for the healthcare sector and clinical research, has been finished. This business offers technologies to improve clinical trials' safety, intelligence, and speed. This purchase strategy allowed the business to increase the range of its products and consumer base.
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Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- MNR research methodology
Driving Factors:
- Growing Clinical Trial Activity is Anticipated to Fuel Market Expansion
It is anticipated that rising clinical trial activity will fuel the market for clinical trials matching software. Over the past few decades, there had been a tremendous increase in clinical studies. This is a result of the increased penetration of cutting-edge medical technology and the rising desire for novel medications with higher efficacy. But because clinical trials are designed to gather and organize data that can be shared with several healthcare practitioners and disseminated across multiple systems, a clinical trial matching system is quick and inexpensive. The monitoring and tracing of patient registrations and databases, as well as location identification and recruitment, can all be aided by this technology.
- Government Initiatives and Company Collaborations to Boost Market Growth
The supportive government initiatives and various company partnerships for the Clinical trial matching software market will likely drive new participant entry in the future, driven by awareness and adoption of an increasing number of trial activities and technology processes. Rapid technological advancement encourages market participants to focus on new applications and developing innovative devices. Furthermore, the growing number of companies offering updated and customized features fuel market growth during the forecast period.
Restraining Factors:
- Market's Expansion is Being Hampered by the High Cost of Matching Software
The high cost of matching systems is constraining the market expansion of clinical trial matching software. Initialization, contractual term commitment, per user, per study, training, support and maintenance, validation/21 part 11 compliance, and system integration fees collectively increase the entire cost necessary for clinical trial matching software solutions deployment. Setup fees apply to both on-premises and SaaS solutions. Companies are assessed additional configuration and modification fees following their unique organizational and research needs. Different cost structures are seen depending on the number of users and sites taken into consideration.
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Global Clinical Trials Matching Software Market Segmentations:
Global Clinical Trials Matching Software Market By Components:
- Services
- Software
Global Clinical Trials Matching Software Market By End-User:
- Clinical Research Organizations (CRO)
- Pharmaceutical and biotechnology Companies
- Medical Device Firms
Global Clinical Trials Matching Software Market By Deployment Mode:
- On-Premise
- Web and Cloud based
Global Clinical Trials Matching Software Market Regional Insights:
North America is projected to hold the largest clinical trials matching software market share over the forecast period. The introduction of drug trial matching systems by American pharmaceutical and biotechnology businesses is credited with the growth. Additionally, the encouraging government IT initiatives and the growing use of patient matching and clinical trial matching software are contributing to the expansion of this industry.
Further Report Findings
- The market in North America is expected to gain a huge portion of the global clinical trials matching software market share in the coming years because pharmaceutical and biotechnology businesses in the U.S. are increasingly adopting clinical trial matching software.
- Additionally, the region's market is growing due to favorable government initiatives for IT and AI-based solutions, increased adoption of CTMS, and patient matching software.
- In Asia Pacific, the growth in this region is primarily driven by the region's huge patient pool's accessibility, making patient recruitment processes simpler.
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Key questions answered in this report:
- What is the size of the Clinical Trials Matching Software market and what is its expected growth rate?
- What are the primary driving factors that push the Clinical Trials Matching Software market forward?
- What are the Clinical Trials Matching Software Industry's top companies?
- What are the different categories that the Clinical Trials Matching Software Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Clinical Trials Matching Software market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis By Components, By End-User, By Deployment Mode and By Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Table of Content
Chapter 1: Preface
Chapter 2: Report Summary
Chapter 3: COVID 19 Impact Analysis
Chapter 4: Global Clinical Trials Matching Software Market, By Components Segment Analysis
Chapter 5: Global Clinical Trials Matching Software Market, By End-User Segment Analysis
Chapter 6: Global Clinical Trials Matching Software Market, By Deployment Mode Segment Analysis
Chapter 7: Clinical Trials Matching Software Market – Regional Analysis, 2022 – 2030
Chapter 8: Clinical Trials Matching Software Market – Industry Analysis
Chapter 9: Competitive Landscape
Chapter 10: Company Profiles
Chapter 11: Research Methodology
Chapter 12: Questionnaire
Chapter 13: Related Reports
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Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Clinical Trials Matching Software market is expected to grow annually at a CAGR of around 13.50%.
- Through primary research, it was established that the Clinical Trials Matching Software market was valued at around USD 152.6 million in 2021.
- The Clinical Trials Matching Software market is segmented based on components: services and software. The software was predicted to show maximum market share in the year 2021.
- The “North America” region will lead the global Clinical Trials Matching Software market during the forecast period 2022 to 2030.
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