CLINICAL DATA MANAGEMENT MARKET ANALYSIS
North America is expected to dominate the market due to rise in 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 the demand for storing comprehensive statistical patient data in. Moreover, the 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. The surging growth in Asia Pacific is attributed to a number of factors including rise in outsourcing of clinical trials, availability of diverse patient population, and less regulatory guidelines by the government.
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