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Electronic Trial Master File Systems Market worth $2.57 billion by 2030, growing at a CAGR of 9.79% - Exclusive Report by 360iResearch
Electronic Trial Master File Systems Market | 360iResearch
The Global Electronic Trial Master File Systems Market to grow from USD 1.33 billion in 2023 to USD 2.57 billion by 2030, at a CAGR of 9.79%.
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The electronic trial master file (eTMF) leverages software and server technology to establish, collect, track, and archival essential clinical study documents. The eTMF systems are convenient for managing the large data pool collected during the trials with minimal error and no human involvement. The eTMF offers a standardized procedure for classifying and keeping track of files, photographs, and other digital content for clinical trials required for compliance with government regulatory agencies. The increasing number of clinical trials and several government initiatives for the digitalization of the healthcare sector is significantly increasing the adoption of eTMF systems with the growing need for data management and storage of documents. However, the high cost associated with installing eTMF systems and concerns regarding medical data privacy impedes the adoption of eTMF systems. In addition, to cope with increasing clinical trials, companies focus more on bringing advanced and easy-to-use software to reduce the load of huge data generated through clinical trials.
The adoption of healthcare information technology is increasing in the United States, augmenting the need for electronic trial master file software to ease the work of huge data generated through clinical trials every year. The huge number of clinical trials taking place and increasing R&D expenditure by pharmaceutical companies are beneficial as there is a need for a suitable tool to help researchers keep track of data and store the data effectively. According to the Pharmaceutical Researchers and Manufacturers of America (PhRMA), in 2022, R&D expenditures belonging to biopharmaceutical firms were approximately USD 80 billion in the United States. In North America, increased outsourcing of clinical trials and the need for better compliance and data security measures increase the adoption of electronic trial master file (eTMF) systems. In Eastern Europe, the eTMF market is expected to grow in the coming years owing to the adoption of advanced analytics and AI technologies, increased focus on patient-centricity, and emerging markets. In Asia-Pacific, increasing outsourcing of clinical trials and the adoption of advanced technologies raised the utilization of eTMF systems.
Market Segmentation & Coverage:
This research report categorizes the Electronic Trial Master File Systems Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Software. The Services is projected to witness significant market share during forecast period.
Based on Distribution, market is studied across On-Cloud and On-Premise. The On-Cloud is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Contract Research Organizations and Pharmaceutical & Biotechnology Companies. The Contract Research Organizations is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electronic Trial Master File Systems Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electronic Trial Master File Systems Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electronic Trial Master File Systems Market, highlighting leading vendors and their innovative profiles. These include Advarra, Inc., Anju Software, Inc., ArborSys Group, ArisGlobal LLC, Aurea, Inc., Cereblis LLC, Clario by eResearchTechnology GmbH, Clinblocks B.V., Clinevo Technologies Private Limited, Cloudbyz, Inc., ComplianceQuest, Crucial Data Solutions, Inc., Daffodil Software Private Limited, Dassault Systèmes, DataRiver S.r.l., Dell Technologies, Inc., Ennov SAS, ethica CRO Inc., EvidentIQ Group GmbH, Flex Databases s.r.o., Florence Healthcare, Inc., Freyr Solutions, ICON PLC, IKCON PHARMA Inc., IQVIA Inc., Kivo, Inc., Laboratory Corporation of America Holdings, MasterControl Solutions, Inc., McDougall Scientific Ltd., Medrio, Inc., Montrium Inc., Navitas Life Sciences, Novotech Health Holdings, Octalsoft, OpenClinica, LLC, Oracle Corporation, PHARMASEAL, Phlexglobal Ltd. by PharmaLex Group, Prevail Infoworks, Inc., Questex LLC, Sarjen Systems Pvt. Ltd., SGS Société Générale de Surveillance SA, SimpleTrials, SMART-TRIAL ApS, SureClinical Inc., TCell Clinical Services, Techsol Corporation, TransPerfect Translations GmbH, Veeva Systems Inc., and Vial Health Technology, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electronic Trial Master File Systems Market, by Component
7. Electronic Trial Master File Systems Market, by Distribution
8. Electronic Trial Master File Systems Market, by End-User
9. Americas Electronic Trial Master File Systems Market
10. Asia-Pacific Electronic Trial Master File Systems Market
11. Europe, Middle East & Africa Electronic Trial Master File Systems Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electronic Trial Master File Systems Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electronic Trial Master File Systems Market?
3. What is the competitive strategic window for opportunities in the Electronic Trial Master File Systems Market?
4. What are the technology trends and regulatory frameworks in the Electronic Trial Master File Systems Market?
5. What is the market share of the leading vendors in the Electronic Trial Master File Systems Market?
6. What modes and strategic moves are considered suitable for entering the Electronic Trial Master File Systems Market?
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