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The rising clinical trials and quick adoption of electronic trail master file systems is positively driving the eTMF systems market. The systems are used for accessing documents from remote locations providing safety and secure transfer of data. Rising work efficiency, cost effectiveness, improving quality of data and saving time are some major factors boosting the demand for electronic trial master file systems. Moreover, manufacturers are merging and acquiring businesses to gain the competitive edge and stay in the competition by developing new technologies.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
According to the MarkNtel Advisors’ research report titled “Global Electronic Trial Master File (eTMF) Systems Market Analysis, 2020”, the CAGR of the market is expected to be around 12% during 2020-25.
Burgeoning Clinical Trials Helping to Boost the Demand for Electronic Trial Master File Systems
Due to rising clinical trials and huge research and development budgets by biotechnology and pharmaceutical companies, the demand for electronic trail master file systems market is witnessing a growth and is anticipated to further grow during 2020-25.
North America dominated the market by the largest share in 2019 with the increasing use of cloud technology and quick adoption of new technology. Asia-Pacific is emerging as a lucrative market with the improving healthcare infrastructure. Moreover, China and India are witnessing an upsurge with the increasing establishment of pharmaceutical companies and sale of good quality medicines at lower prices.
Cloud-based segment acquired the largest market share in 2019 owing to the increasing adoption of cloud-based solutions worldwide. Cloud-based solutions offer flexibility and affordability is expected to further driving the market of eTMF systems during 2020-25.
However, data privacy issues and lack of skilled professionals are curbing the growth of electronic trial master file systems.
According to the MarkNtel Advisors, the leading players are Oracle Corporation, Veeva Systems, Mastercontrol, Transperfect, Sureclinical, Lab Corp, Mayo Clinic, BIOVIA Corp., Aurea Software, Wingspan Technology among others.
Montrium’s Electronic trail master file would be used by Altasciences, a biotech and pharama contract research organisation. This eTMF system is used for the centralized interface and better management of the clinical trials.
“Global Electronic Trial Master File (eTMF) Systems Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and growth opportunities and challenges available for electronic trail master file systems providers across the globe. Moreover, the report also encompasses the key leading players in the industry, along with competitive benchmarking and competition matrix and company profiling.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Electronic Trial Master Files Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion, while the market volume is measured in terms of units sold.
Q. What would be the CAGR of the Global Electronic Trial Master Files Market during 2020 to 2025?
A. The market size of Global Electronic Trial Master Files Market would register a CAGR of 12% during 2020-25.
Q. Which of the regions would be a bright spot for Global Electronic Trial Master Files Market during 2020-2025?
A. North America and Asia-Pacific are emerging as lucrative market with the improving healthcare infrastructure. Moreover, China and India are witnessing an upsurge with the increasing establishment of pharmaceutical companies and sale of good quality medicines at lower prices.
Q. Who are the key players or major competitors in Global Electronic Trial Master Files Market?
A. Oracle Corporation, Veeva Systems, Mastercontrol, Transperfect, Sureclinical, Lab Corp, Mayo Clinic, BIOVIA Corp., Aurea Software, Wingspan Technology. are few of the leading players with majority market share in Global Electronic Trial Master Files Market.
Q. Does the report scope cover Electronic Trial Master Files type wise market statistics also?
A. Yes, the scope of the report encompasses detailed Electronic Trial Master Files type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which delivery segment would emerge as an opportunity area for players in Global Electronic Trial Master Files Market?
A. Cloud based segment grabbed the largest market share owing to the increasing adoption of cloud based solutions worldwide. Cloud based solutions offers flexibility, and affordability is expected to further driving the market of eTMF systems during 2020-25.
Q. Which End User segment would emerge as an opportunity area for players in Global Electronic Trial Master Files Market?
A. Mushrooming clinical trials and huge research and development budgets by biotechnology and pharmaceutical companies the demand for electronic trail master file systems market is witnessing a growth and is anticipated to grow during 2020-25.
