What is Site Management Organization Market?
Site management organization is the organization which offers clinical trail related services to organizations such as contract research, pharmaceutical, biotechnology, and medical device company or clinical site. The sites are hospital or a similar health care institution which have the infrastructure that meets the clinical trial protocols. The responsibilities include Contract, Patient Counselling, Patient Recruitment, Patient Follow-up and others. The site management organizations are new to the clinical research field and have grown in countries such as United States, India, and Brazil.
The market study is being classified by Type (Trials of Drugs, Trials of Devices and Trials of Procedures), by Application (Tumor, Cardiovascular System, Endocrine, Respiration, Anti-infection, Mental State, Medical Devices, Nutrition and Others) and major geographies with country level break-up.
Novotech (Australia), ERG Holding (United States), Apex Medical Research (United States), CMIC Group (Japan), Tigermed (China), FOMAT Medical Research (United States), EPSI (Canada), AusTrials (Australia), Beijing Aisimo Medical Science and Technology Co., Ltd (China), Ethic Co. Ltd (Japan) and ACTG-CRO (Tunisia) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Site Management Organization market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Site Management Organization market by Type, Application and Region.
On the basis of geography, the market of Site Management Organization has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Pharmaceutical Industry
- Increasing Outsourcing to Contract Research Organizations in Emerging Markets
Market Trend
- Rising Demand of Drug Development, Medical Consulting, Laboratory Selection, and Others
Opportunities
- Increasing Pressure to Reduce Drug Development Cycle Times
- Growth of Site Management Organizations in Emerging Markets
Challenges
- Stiff Competition Among the Emerging and Major Players
Key Target Audience
Pharmaceuticals, Clinical Research Organization, Government associations, Research organizations and Others