New York, NY (PRWEB) January 30, 2014
The Clinical Trial Data Management Services industry specializes in clinical trial management services (CTMS) only. Institutions that conduct clinical trials, including pharmaceutical and biotechnology companies, medical device manufacturers and university or governmental research organizations, use such software systems. CTMS software is also often used in conjunction with other software systems such as electronic data capture (EDC) and clinical data management systems (CDMS), which are not included in this industry. According to IBISWorld Industry Analyst Stephen Morea, "As the healthcare sector expands and institutions conduct more clinical trials, demand for CTMS software has increased." Consequently, industry revenue has grown an annualized 10.7% in the five years to 2014 to $568.7 million, and includes 14.1% growth in 2014
Read more: http://www.digitaljournal.com/pr/1711245
