Electronic Trial Master File Systems Market Trends, Share, Size, Growth, Supply and Manufacturers Analysis Research Report | By Kenneth Research

Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the ELECTRONIC TRIAL MASTER FILE SYSTEMS MARKET during the forecast period.

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Global Electronic Trial Master File Systems Market is valued approximately USD 0.88 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 13% over the forecast period 2019-2026. Electronic trial master file systems is a specific content management system which is utilized to accomplish clinical documents across the life cycle of clinical trials. The Electronic Trial Master File is often abbreviated as eTMF. The term eTMF includes strategies, methods and tools used throughout the lifecycle of clinical trials regulated content. This system consist of software and hardware which facilitate the management of regulated content of clinical trial.

Further, through the proliferation of electronic systems, eTMFs are gaining widespread adoption. Rising adoption of eTMF Systems, escalating number of clinical trials, growing government funding and grants to support clinical trials and increasing R&D expenditure by pharma-biotech companies are the few factor responsible for high CAGR of the market over the forecast period. For instance, In 2018, it was estimated that there were 293,339 clinical trials launched worldwide, representing an increase from 8,859 since 2003, according to the ClinicalTrial.gov. Moreover, emerging countries are expected to create lucrative growth opportunities to the growth of market in the forecasting years. However, budget constraints, data privacy issues, and a limited availability of skilled professionals are the few factor anticipated to limiting the growth of global Electronic Trial Master File Systems market during the forecast period.

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The regional analysis of global Electronic Trial Master File Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing acceptance of Electronic Trial Master File Systems products due to growing government funding for clinical research, increase in number of clinical trials, and wide presence of several prominent players in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising developments in pharmaceutical industry, and growing adoption of eTMF systems would be influencing the growth of the market in the Asia-Pacific region.

Major market player included in this report are:
Veeva Systems
Oracle Corporation
Phlexglobal
Transperfect
Aurea Software
Labcorp
Epharmasolutions
Wingspan Technology
Mastercontrol
Sureclinical

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Services
Software

By Delivery Mode:
Cloud-based eTMF
On-Premises eTMF

By End-User:
Pharmaceutical & Biotechnology Companies
Contract Research Organizations
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Electronic Trial Master File Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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