According to FutureWise analysis the market for clinical trials matching software in 2023 is US$ 0.17 billion, and is expected to reach US$ 0.48 billion by 2031 at a CAGR of 13.7%.
Clinical trials are regularly conducted by pharmaceutical firms, biotechnology companies, clinical research organisations (CROs), and medical device makers to assess the safety and efficacy of new drugs, diagnostics, and therapies. The increased frequency of chronic diseases, as well as the increasing demand for clinical trials, are likely to drive market expansion. The digitization of research is also allowing new markets to emerge. Using advanced technologies such as Electronic Data Capture (EDC) and clinical trials management systems can help market players keep track of patient data and reduce monitoring costs. Patient matching is critical in clinical trials because they are conducted on humans, and the appropriate candidate match can save the sponsors time, resulting in best results. Virtual or remote trials are becoming increasingly popular among pharmaceutical corporations, research groups, and hospitals. These trials do not require participants to go to specific locations and are done entirely online. As a result, clinical trial management systems and patient matching software are the future of clinical trials. Because these automated solutions remove the need for human intervention. In compared to the traditional method, this clinical trials matching software delivers patient centricity, which is an important feature. Furthermore, it delivers data transparency as well as provide faster recruitment, saving time. Patients are asked a couple of questions to help them locate the correct match, and they give their approval, which leads to patient retention throughout the process.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Clinical Trials Matching Software Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Clinical Trials Matching Software Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.