Press release
Global Electronic Trial Master File (eTMF) Systems Market is set to witness a 12% CAGR by 2027 - Key Market Players are Veeva Systems, Aris Global, Master Control, Montrium, Oracle, Phlexglobal
Several Advantages Offered by the electronic Trial Master File Systems Triggers the Growth of the Global eTMF Systems Market
Post Covid-19 pandemic, the number of clinical trials and volume of data generated had increased rapidly, which had fueled the adoption of the electronic Trial Master File systems by most of the Bio-Pharma companies. The eTMF systems give real-time visibility of the clinical trial data and activities conducted at sites across the world. The major benefits of adopting electronic Trial Master File systems are increased efficiency, speedup timelines, decreased costs and risks.
For instance,
In June 2022, Anju Software, announced the introduction of its cloud-based eTMF product. The product will accelerate the collaboration between CRO's, sponsors and sites to manage the clinical data properly in a regulatory-compliant environment.
Re-emergence of the eTMF Systems Market Post Co-vid 19 Pandemic
Covid-19 Pandemic had triggered a dramatic change in the execution of clinical trials. Due to strict travel bans and country lockdowns, virtual clinical trials were initiated by Bio-Pharma companies by following remote patient monitoring, telehealth, wearable devices and mobile apps to ensure that all the patients are safe. The huge number of clinical trials conducted for the development of vaccines during the Covid pandemic had burdened the healthcare segment. With a surge in the number of clinical trials and its data, there was a rapid move from manual TMF systems to eTMF systems, for easy management of data in decentralized clinical trials. The other key factor which had set in motion this move was the clinical data retention regulation policy to maintain the data for 25 years by the Sponsors and CRO's.
North America is Set to Hold a Higher Market Share in the eTMF Systems Market
From a geographical overview, North America is set to hold a higher market share in the global electronic trial master file systems market. This can be mainly attributed to an increasing number of clinical trials & volume of data generated, favourable funding environment to support clinical trials, fully developed healthcare IT infrastructure and the presence of leading market players in the region.
However, the APAC region is poised to witness a consistent growth in the eTMF systems market during the coming years due to the rapidly growing Biopharma industry, increasing outsourcing of clinical trials in this region, and recent development of vaccines by Biopharma companies due to Covid-19 Pandemic.
Competitive Landscape Analysis: Global eTMF Systems Market
Some of the leading and well-established players operating in the global electronic trial master file systems market are listed below: -
• Veeva Systems
• Aris Global
• Master Control
• Montrium
• Clinevo Technology
• Oracle Corporation
• Phlexglobal
• Transperfect
• Aurea Software
• Labcorp (Covance Inc.)
• Sureclinical
The global eTMF systems market is a fast emerging market and is set to gain further momentum in the upcoming years with adoption of eTMF systems, growing R&D investments by pharma-biotech companies, favorable government fundings & grants to support clinical trials and organic and inorganic growth strategies adopted by the leading market players.
Get Detailed Insights on eTMF Systems Market with a Sample Report Copy @ https://meditechinsights.com/electronic-trial-master-file-etmf-systems-market/
Ruta Halde
Associate, Medi-Tech Insights
121/7E Avenue Franklin Roosevelt,
1050 Brussels, Belgium
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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