SEATTLE, June 10, 2021, (MEDGADGET) — The process of collection, documentation, and data storage, which are critical for clinical trials or procedures and biotechnology companies and pharmaceutical manufacturers is termed as Clinical Data Management (CDM). Clinical data management tool is employed in clinical research for managing data of a clinical trial. Data management is a process of collection, integration, and management of subject data in compliance with regulatory standards. Clinical data management is a fundamental phase in clinical research leading to generation of high-quality, reliable, and statistically comprehensive data to reduce time duration from drug development to marketing. Clinical data is captured in a paper or electronic data capture format. Pharma companies, contract research organizations, and IT companies are involved in CDM activities. Data is collected from multiple sources and stored in a patient-centric fashion in a data repository commonly known as clinical data repository.
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The major goal of CDM is to assure that the data support deductions drawn from the research to protect public health and trust in marketed therapeutics. Outsourcing of clinical data management to IT service providers is done by the organizations to focus on core competencies of clinical research and pharmaceuticals, reduction in operational expenditure, and investment in research and development activities.
Rising number of clinical trials drives the clinical data management market
Advantages of web-based data collection tools such as reduced time and ease in data entry, low cost, flexibility in format, and the ability to capture additional response-set information drive the clinical data management market. Moreover, high levels of productivity and efficiency offered by clinical data management are expected to redefine the traditional data management process by the companies thereby augmenting the clinical data management market growth. Also, increase in research and development expenditure of clinical research and life science industries coupled with increasing number of clinical trials are factors that are expected to drive growth of the clinical data management market over the forecast period.
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Focus on high-quality clinical data by Oracle Clinical segment is expected to fuel the market growth
The global clinical data management market is segmented on the basis of tools, service, delivery mode, end-use industry, and region.
On the basis of tools, the global clinical data management market is segmented into:
- Oracle Clinical
- eClinical Suite
On the basis of services, the global clinical data management market is segmented into:
- Case Report Form (CRF) Designing
- Data Entry and Validation
- Discrepancy Management
- Medical Coding
On the basis of delivery mode, the global clinical data management market is segmented into:
- Licensed Enterprise
On the basis of end-use industry, the global clinical data management market is segmented into:
- Clinical Research Organizations
- Medical Devices
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North America is expected to dominate the market, owing to rising demand for patient data standardization
Regional segmentation of clinical data management market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to the National Institutes of Health estimates in 2015, around 89,528 clinical trials were conducted in the U.S., which, in turn, raised demand for storing comprehensive statistical patient data. Moreover, growth of North America market is driven by increasing need for data standardization and rising investments by biotechnology and pharmaceutical companies in research and development. Furthermore, surging growth in Asia Pacific is attributed to number of factors, which include rise in outsourcing of clinical trials, availability of diverse patient population, and less regulatory guidelines by the government.
Key players operating in the clinical data management market 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.
Table of Content
Global Clinical Data Management Market Research Report
Section 1: Global Clinical Data Management Industry Overview
Section 2: Global Economic Impact on Clinical Data Management Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Clinical Data Management Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Clinical Data Management Market Forecast
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