2022 ACC/AHA Guideline for the Diagnosis and Management of ...
Electronic Trial Master File (eTMF) Market Soars With 14.0% CAGR, Projected To Reach Over US$ 190 Million By 2027
The global electronic trial master file (eTMF) market paints a promising picture of exponential growth from 2017 to 2027. Notably, the market has already experienced significant expansion between 2012 and 2016, a trend expected to intensify in the years leading up to 2027. Projections indicate that the global eTMF market will surpass a valuation of US$ 190 million by the end of the assessment year.
Future Market Insights has analyzed numerous aspects of the electronic trial master file (eTMF) market and has included actionable insights in a systematic manner in its new research publication titled "Electronic Trial Master File (eTMF) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)". The extensive research study on the eTMF market portrays various facets of the global market such as trends, opportunities, value chain analysis, competitive landscape, drivers, restraints, and regional research along with key recommendations that can be viewed by the reader to achieve his/her strategic objectives in the long run.
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The research study also covers future market projections with respect to value for a period of ten years starting from 2017 to 2027. The comprehensive analysis of each segment and sub-segment of the global market portrays a real-time picture of the global market scenario.
Asia Pacific excluding Japan shows high potential for growth in the electronic trial master file market:Several key players are focusing on the Asia Pacific excluding Japan (APEJ) region in order to tap the emerging economies in this region. The main advantage of this region is its high potential for growth as compared to matured economies. Several end-use industries are showing interest in this region owing to which the supply-side players are focusing their attention on APEJ to gain business expansion.
Electronic trial master file (eTMF) market in Asia Pacific excluding Japan (APEJ) region is expected to grow at the highest pace in the coming years to register a stellar CAGR of 17.6% and is estimated to reach a valuation of about US$ 18 Mn by the end of the period of assessment, thus becoming the third largest region in the eTMF market after Western Europe.
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Global Electronic Trial Master File (eTMF) Market: Competitive Scenario:
The research study includes a dedicated chapter on competitive scenarios that deal with various key players involved in the eTMF market. Analysis of aspects such as SWOT analysis, geographical reach, strategies, product portfolio, expansion plans, mergers and acquisitions, key developments, distribution channel analysis, etc., of the key players have been covered in this study. Companies like Veeva Systems, Medidata Solutions, Inc., MasterControl, Inc., Data Reduction Systems Corporation, Transperfect Global Inc., Aurea, Inc., Phlexglobal Ltd., Arivis AG, Wingspan Technology Inc., and Montrium Inc., are profiled in this section.
Electronic Trial Master File (eTMF) Market Segmentation:
By Component
By Deployment
By End User
By Functionality
By Region
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Electronic Trial Master File (eTMF) Systems Market To Reach USD 3.78 Billion By 2030 At Healthy CAGR Of 12.9%
Electronic Trial Master File (eTMF) Systems Market Scope & Overview
Electronic Trial Master File (eTMF) Systems Market to Gain Higher Momentum due to Globalization of Clinical Trials and Advancements in Cloud Technology
As per the SNS Insider report, the Electronic Trial Master File (eTMF) Systems market was assessed at USD 1.43 billion in 2022. Projections indicate it is anticipated to attain a valuation of USD 3.78 billion by 2030, demonstrating a CAGR of 12.9% during the forecast span from 2023 to 2030.
An Electronic Trial Master File (eTMF) system is a cutting-edge digital solution designed to streamline and manage the complex documentation and records associated with clinical trials in the field of healthcare and pharmaceutical research. This advanced technology replaces traditional paper-based processes, offering a comprehensive and efficient approach to storing, organizing, and accessing trial-related documents.
Major Players Listed in the Report:
Aurea, Inc., Master Control Inc., Covance Inc., Ennov, Oracle, Veeva Systems, Care Lex, Trans perfect, ePharma Solutions, SureClinical Inc., Phlex global, Database Integrations, Inc. And Other Players
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Market Analysis
The electronic trial master file (eTMF) systems market is experiencing robust growth driven by a confluence of factors that are reshaping the landscape of clinical research and trial management. The life sciences industry is subject to stringent regulatory guidelines, which require the meticulous management of trial documentation to ensure patient safety and data integrity. ETMF systems provide a centralized platform for maintaining, tracking, and auditing trial documents, assisting organizations in meeting regulatory requirements efficiently. Data breaches and integrity issues can have severe consequences in clinical trials. ETMF systems incorporate robust security features such as encryption, access controls, and audit trails to safeguard sensitive trial information, ensuring data confidentiality and integrity.
Impact of Recession
The impact of a recession on the electronic trial master file (eTMF) systems market is a complex interplay of challenges and opportunities. While budget constraints and delayed trials can pose challenges, the emphasis on efficiency, outsourcing trends, regulatory compliance, and innovation can open up avenues for growth. ETMF solution providers that are agile, responsive to market demands, and capable of offering value during tough economic times are more likely to navigate the challenges and emerge stronger on the other side.
Segmentation Analysis
The amalgamation of cloud-based eTMF solutions and the dominance of Contract Research Organizations (CROs) signifies a transformative era in the electronic trial master file (eTMF) systems market. The dynamic interplay between these segments promises heightened efficiency, collaboration, and data integrity, redefining the standard for excellence in clinical trial management. This evolution not only drives operational excellence but also lays the foundation for accelerated drug development, leading to improved patient outcomes and advancements in medical science.
Electronic Trial Master File (ETMF) Systems Market Segmentation as Follows:
By Delivery Mode
By Component
By End-User
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Regional Status & Analysis
In North America, particularly in the United States, the electronic trial master file (eTMF) systems market is flourishing due to the presence of a robust pharmaceutical and biotechnology sector. The region's stringent regulatory environment, led by the Food and Drug Administration (FDA), has propelled the adoption of eTMF systems to streamline clinical trial processes and ensure compliance. The Asia-Pacific region, with countries such as China, Japan, and India, is rapidly emerging as a significant player in the eTMF systems market. The region's growing pharmaceutical and biotechnology industries, coupled with the rising number of clinical trials being conducted, have resulted in a heightened demand for eTMF solutions.
Conclusion
The future of the market looks promising, driven by technological advancements, the need for regulatory compliance, globalization of trials, and the growing recognition of the value these systems bring to clinical research. Vendors that can offer innovative, adaptable, and user-friendly solutions while staying abreast of evolving industry trends will be well-positioned to thrive in this dynamic market.
Frequently Asked Questions
What is the projected outlook for electronic trial master file (eTMF) systems market growth?
– The global market to reach USD 3.78 billion by 2030, demonstrating a CAGR of 12.9% during the forecast span from 2023 to 2030.
What are the major factors influencing the electronic trial master file (eTMF) systems market?
– The market is being propelled by a dynamic interplay of factors that respond to the evolving landscape of clinical trials and trial management.
Who are the leading players in the electronic trial master file (eTMF) systems market?
– Aurea, Inc., Master Control Inc., SureClinical Inc., Care Lex, Trans perfect, ePharma Solutions, Covance Inc., Ennov, Oracle, Veeva Systems, Phlex global, Database Integrations, Inc.
Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Market Dynamics
Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Electronic Trial Master File (ETMF) Systems Market Segmentation, By Delivery Mode
Chapter 9 Electronic Trial Master File (ETMF) Systems Market Segmentation, By Component
Chapter 10 Electronic Trial Master File (ETMF) Systems Market Segmentation, By End User
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
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Kivo GO Offers An Intuitive Document Management Solution For Life Sciences
Kivo, provider of an intuitive Document Management Solution for life sciences, is launching Kivo GO, a unified platform for emerging life sciences teams who need to work together efficiently across all functions while maintaining compliance and security.
"When it comes to advancing a new treatment, time to market is critical—both for the patients who need it and the company sponsoring it," said Kivo's CEO, Toban Zolman. "However, these smaller regulatory, clinical, and quality teams often don't have the budget or admin resources for an 'enterprise' solution—so they lose a shocking amount of time trying to manage documents and processes in a compliant way."
Kivo offers these teams a fit-for-purpose solution to accelerate their timelines with the launch of Kivo GO—a compliant collaboration solution with built-in modules for every function including RIM, eTMF, and QMS.
Key benefits of the Kivo solution include:
Several Kivo customers—including Hyloris Pharmaceuticals and Ventus Therapeutics—have been taking advantage of these new features prior to public launch and finding significant value in the combined platform.
The Kivo GO platform also extends to vendors and partners, such as CROs and regulatory consultants. By leveraging Kivo across their sponsor projects, these services providers can standardize their process and project management—working more efficiently and consistently with their sponsor teams, according to the company.
Kivo GO is available immediately, with more information available at Kivo.Io.
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