According to the research report on global electronic trial master file (eTMF) market, it is expected to show exponential growth during the period of forecast, 2017-2027. The global market had witnessed high growth since the period 2012-2016 and this trend is likely to enhance in the coming years, till 2027. The global electronic trial master file (eTMF) market is estimated to reach a value more than US$ 190 Mn by the end of the assessment year from an estimate of US$ 51.7 Mn in 2017.
Future Market Insights has analysed 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 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 till 2027. The comprehensive analysis of each segment and sub-segment of the global market portrays a real-time picture of the global market scenario.
Global Electronic Trial Master File (eTMF) Market: Segmental Highlights
In this research study, global electronic trial master file (eTMF) market is segmented by component, by deployment, by end user, by functionality and by region.
- By component, software segment is expected to lead the market in terms of value and is estimated to reach US$ 130.7 Mn by the end of the assessment year. The services segment in this category is projected to grow at the highest pace during 2017-2027
- By deployment, the cloud segment is highly lucrative and is adopted on a large scale. It is projected to grow at the fastest CAGR of 16.4% throughout the forecast period and is estimated to reach a noteworthy valuation by the end of the assessment year
- By end user, the Contract Research Organization (CRO) segment is anticipated to grow at a higher pace in the coming years to register a CAGR of 15.6% during the period of assessment
- By functionality, clinical operations segment is poised to dominate the market in terms of value and is estimated to reach a higher valuation of about US$ 970 Mn by the end of the assessment period. The auditing segment is projected to grow at a faster pace than other segments in the coming years
- By region, Asia Pacific excluding Japan (APEJ) is expected to show higher growth pace in the eTMF market whereas North America is likely to lead the market with a value a bit less than US$ 130 Mn by 2027 end
Asia Pacific excluding Japan to show 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.
Global Electronic Trial Master File (eTMF) Market: Competitive Scenario
The research study includes a dedicated chapter on competitive scenario which deals with various key players involved in the eTMF market. Analysis on 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.
Market Segmentation
The research report on global electronic trial master file (eTMF) market includes weighted market segmentation that covers functionality, component, deployment mode, end user and region.
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By Component
- Software
- Services
By Deployment
- On Premise
- Cloud
By End User
- Sponsors
- CRO
- Others
By Functionality
- Clinical Operations
- Records Management
- Auditing
- IT Operations
By Region
- North America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Latin America
- MEA
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