Global Electronic Trial Master File Systems market is projected to witness a growth of CAGR 12%

BRUSSELS - June 8, 2023 - PRLog -- Electronic Trial Master File (eTMF) (https://meditechinsights.com/electronic-trial-master-file-etmf-systems-market/) is a content management system for the Bio-Pharma industry which includes protocols, strategies, and tools used throughout the lifecycle of the clinical trial. An eTMF digitally captures, shares, and stores the essential documents and content generated in a clinical trial.

Increasing Adoption due to benefits Offered by eTMF Systems drive the Electronic Trial Master File (eTMF) Systems

Post Covid-19 pandemic, the number of clinical trials and volume of data generated increased exponentially, which in turn has fueled the adoption of eTMF systems by Bio-Pharma companies. The eTMF systems give real-time visibility of the clinical trial data and activities conducted at scattered sites across the globe. The benefits of adopting eTMF are increased business efficiency, speedup timelines, reduced cost and risk. For instance,

§  In June 2022, Anju Software Inc., announced the introduction of its new cloud-based eTMF product.

Resurgence of Electronic Trial Master File (eTMF) Systems Post Pandemic Drives the Electronic Trial Master File (eTMF) Systems Market

The Covid-19 Pandemic has triggered a change in execution of the clinical trials. Due to travel bans and lockdowns, virtual clinical trials were initiated by Bio-Pharma companies by adopting remote patient monitoring, telehealth, wearable devices and apps to ensure the patient safety. The vast number of clinical trials conducted for rapid development of vaccines during the pandemic had also burdened the healthcare sector.

North America Expected to Continue Holding a Major Share in the Electronic Trial Master File (eTMF) Systems Market

From a geographical perspective, North America holds a major market share of the Electronic Trial Master File (eTMF) Systems market. This can be Primarily attributed to the growing number of clinical trials & volume of data generated, favorable funding environment to support clinical trials, well-developed healthcare IT infrastructure, and presence of several key players in the region.

Competitive Landscape : Electronic Trial Master File (eTMF) Systems Marke

Some of the key players operating in the market include Veeva Systems, Aris Global LLC, Master Control, Inc., Montrium, Clinevo Technology, Oracle Corporation, Phlexglobal, Transperfect, Aurea Software, Labcorp (Covance, Inc.) and Sureclinical, among others.

Electronic Trial Master File (eTMF) Systems is a growing market that is expected to gain further momentum in the coming years with growing adoption of the eTMF systems, rising R&D investments by pharma-biotech companies, favorable government funding & grants to support clinical trials, and aggressive organic and inorganic growth strategies followed by the players.

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