The global clinical trials matching software market is expected to exhibit strong growth, reaching USD 326.23 million by 2028. 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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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.
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.
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COVID-19 Impact
Due to the large patient load and potential for viral spread, the COVID-19 pandemic had a considerable effect, especially on hospitals. Healthcare facilities have altered how clinical studies are carried out to prevent the virus from spreading among doctors, hospital staff, and patients. The limitations and restrictions affected several ongoing clinical investigations in several therapeutic fields. Researchers created brand-new COVID-19 vaccinations as a solution to the issue. The rising need for CRO services to carry out clinical studies in the pharmaceutical industry is driven the market.
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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List of Key Players Profiled in the Report
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 About Us:
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