Electronic Trial Master File Systems Market by Deployment and Geography - Forecast and Analysis 2021-2025

Published: Dec 2021

Pages: 120

SKU: IRTNTR71119

Snapshot

The electronic trial master file systems market share is expected to increase by USD 679.48 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 11.65%.

This electronic trial master file systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electronic trial master file systems market segmentation by deployment (on-premise and cloud) and geography (North America, Europe, APAC, MEA, and South America). The electronic trial master file systems market report also offers information on several market vendors, including Aurea Corp., IQVIA Holdings Inc., Laboratory Corp. of America Holdings, MasterControl Inc., Oracle Corp., Phlexglobal Ltd., SureClinical Inc., TransPerfect Global Inc., Veeva Systems Inc., and WIRB Copernicus Group among others.

What will the Electronic Trial Master File Systems Market Size be During the Forecast Period?

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Electronic Trial Master File Systems Market: Key Drivers, Trends, and Challenges

The increasing number of clinical trials is notably driving the electronic trial master file systems market growth, although factors such as budget constraints may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electronic trial master file systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electronic Trial Master File Systems Market Driver

One of the key factors driving growth in the electronic trial master file systems market is the increasing number of clinical trials. The number of clinical trials has increased significantly worldwide, with an average annual increase in the number of registered trials being generally higher in Asia than in the US and the EU. Currently, in Asian countries, such as Japan and India, the annual number of registered clinical trials has increased progressively, owing to the implementation of numerous local reforms that have encouraged and enforced registration. The availability of a skilled workforce, favorable market reforms, access to the fastest-growing pharmaceutical markets in the world, strong intellectual property laws, and improved infrastructure for clinical trials have contributed to an increase in the number of clinical trials in developing countries. Also, the outbreak of COVID-19 has led to a rapid surge in clinical trials for drugs across various parts of the globe.

Key Electronic Trial Master File Systems Market Trend

The rising adoption of Electronic Trial Master File (eTMF) systems in developing countries is another factor supporting the electronic trial master file systems market share growth. The rapid development of COVID-19 vaccines may lead more drug developers in developing countries to increase their speed and agility by adopting electronic Trial Master File (eTMF) systems. These eTMF systems manage critical documents related to a clinical trial. In the case of COVID-19 vaccines, eTMF systems play a role in their safe acceleration. They are built to reduce human errors when managing the trial master file. Thus, the growing clinical trials for COVID-19 vaccines and treatment drugs in developing countries are leading to an increase in the adoption of eTMF and thus driving the growth of the market in focus.

Key Electronic Trial Master File Systems Market Challenge

The budget constraints will be a major challenge for the electronic trial master file systems market during the forecast period. The management of essential clinical trial documentation is one of the most time-consuming and costly activities associated with conducting a clinical trial. The ICH E6 guidance on Good Clinical Practice (GCP) specifies an inventory of over 200 discrete documents that must be managed before, during, and after the trial. Thus, the high costs associated with electronic trial master file systems emerge as one of the major constraints for the growth of the market. With the increasing need to comply with stringent and proliferating regulatory requirements, ensure speedy clinical trials, reduce costs to maintain the electronic trial master file, require real-time audit-ready trial master file systems across all stages of clinical trials. However, vendors are developing electronic trial master systems that allow end-users to manage the complete lifecycle of content, from draft to the final approval, in a cost-effective manner.

This electronic trial master file systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global electronic trial master file systems market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electronic trial master file systems market during the forecast period.

Who are the Major Electronic Trial Master File Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the electronic trial master file systems market encompasses successful business strategies deployed by the key vendors. The electronic trial master file systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Aurea Corp. - The company is involved in offering electronic trial master files that can track critical trial documents and global submissions.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electronic trial master file systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electronic Trial Master File Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electronic trial master file systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the information technology spending market includes the following core components:

Research and development
Developers or manufacturers
Sales and distribution
End-users

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Electronic Trial Master File Systems Market?

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41% of the market's growth will originate from North America during the forecast period. The US is the key market for electronic trial master file systems in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The high number of pharmaceutical and biotechnology companies in the region, considerable investments in clinical trial research, and growing drug discoveries in the region will facilitate the electronic trial master file systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Since the start of 2020, pharmaceutical companies in North America have been prioritizing research and development of COVID-19 related diagnostics, treatments, health technologies, and vaccines, as well as looking at the potential of existing treatments. Pharmaceutical companies have been collaborating with healthcare authorities and institutions on COVID-19-related clinical research, which has helped drive the growth of the electronic trial master file systems market in North America in 2020-2021. Thus, the growing clinical trials in the region will spur the demand for electronic trial master file systems and, in turn, drive market growth during the forecast period.

What are the Revenue-generating Deployment Segments in the Electronic Trial Master File Systems Market?

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The electronic trial master file systems market share growth by the on-premise segment will be significant during the forecast period. The demand for electronic trial master file systems from pharmaceutical and biotechnology companies witnessed significant growth in 2020 for the effective planning, management, and tracking of their clinical study portfolios for COVID-19. Vendors operating in the market in focus entered into long-term partnerships with biotech and pharma companies to enhance clinical trial experiences.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electronic trial master file systems market size and actionable market insights on post COVID-19 impact on each segment.

Electronic Trial Master File Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 11.65%
Market growth 2021-2025	$ 679.48 million
Market structure	Fragmented
YoY growth (%)	10.83
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 41%
Key consumer countries	US, UK, Germany, China, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aurea Corp., IQVIA Holdings Inc., Laboratory Corp. of America Holdings, MasterControl Inc., Oracle Corp., Phlexglobal Ltd., SureClinical Inc., TransPerfect Global Inc., Veeva Systems Inc., and WIRB Copernicus Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electronic Trial Master File Systems Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive electronic trial master file systems market growth during the next five years
Precise estimation of the electronic trial master file systems market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the electronic trial master file systems industry across North America, Europe, APAC, MEA, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of electronic trial master file systems market vendors

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Table of Contents

***1. Executive Summary

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 01: Parent market

**2.2 Market Characteristics

*Exhibit 02: Market Characteristics

**2.2 Value chain analysis

*2.2.1 Research and development:

*2.2.2 Developers and manufacturers:

*2.2.3 Sales and distribution:

*2.2.4 End-users:

***3. Market Sizing

**3.1 Market definition

*Exhibit 03: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 04: Market segments

**3.3 Market size 2020

**3.4 Market outlook: Forecast for 2020 - 2025

*3.4.1 Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)

*Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 07: Five forces analysis 2020 & 2025

**4.2 Bargaining power of buyers

*Exhibit 08: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 09: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 10: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 11: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 12: Threat of rivalry

**4.7 Market condition

*Exhibit 13: Market condition - Five forces 2020

***5. Market Segmentation by Deployment

*The segments covered in this chapter are:

*On-premise
* Cloud

**5.1 Market segments

*Exhibit 14: Deployment - Market share 2020-2025 (%)

**5.2 Comparison by Deployment

*Exhibit 15: Comparison by Deployment

**5.3 On-premise - Market size and forecast 2020-2025 ($ million)

*Exhibit 16: On-premise - Year-over-year growth 2020-2025 (%)

*Exhibit 17: On-premise - Market size and forecast 2020-2025 ($ million)

**5.4 Cloud - Market size and forecast 2020-2025

*Exhibit 18: Cloud - Market size and forecast 2020-2025 ($ million)

*Exhibit 19: Cloud - Year-over-year growth 2020-2025 (%)

**5.5 Market opportunity by Deployment

*Exhibit 20: Market opportunity by Deployment

***6. Customer landscape

*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

*Exhibit 21: ?Customer landscape?

***7. Geographic Landscape

*The regions covered in the report are:

* North America
* Europe
* APAC
* MEA
* South America

*7.1 Geographic segmentation

*Exhibit 22: Market share by geography 2020-2025 (%)

**7.2 Geographic comparison

*Exhibit 23: Geographic comparison

**7.3 North America - Market size and forecast 2020-2025

*Exhibit 24: North America - Market size and forecast 2020-2025 ($ million)

*Exhibit 25: North America - Year-over-year growth 2020-2025 (%)

**7.4 Europe - Market size and forecast 2020-2025

*Exhibit 26: Europe - Market size and forecast 2020-2025 ($ million)

*Exhibit 27: Europe - Year-over-year growth 2020-2025 (%)

**7.5 APAC - Market size and forecast 2020-2025

*Exhibit 28: APAC - Market size and forecast 2020-2025 ($ million)

*Exhibit 29: APAC- Year-over-year growth 2020-2025 (%)

**7.6 MEA - Market size and forecast 2020-2025

*Exhibit 30: MEA - Market size and forecast 2020-2025 ($ million)

*Exhibit 30: MEA - Year-over-year growth 2020-2025 (%)

**7.7 South America - Market size and forecast 2020-2025

*Exhibit 32: South America - Market size and forecast 2020-2025 ($ million)

*Exhibit 33: South America - Year-over-year growth 2020-2025 (%)

**7.8 Key leading countries

*Exhibit 34: Key leading countries

**7.9 Market opportunity by geography

*Exhibit 35: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Increasing number of clinical trials

*8.1.2 Rising government funding and grants to support clinical trials

*8.1.3 Increasing R and D expenditure by pharma-biotech companies

**8.2 Market challenges

*8.2.1 Budget constraints

*8.2.2 Clinical data privacy

*8.2.3 Lack of skilled professionals for operating eTMF systems

*Exhibit 36: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Rising adoption of Electronic Trial Master File (eTMF) systems in developing countries

*8.3.2 Technological advancements

*8.3.3 Increasing strategic initiatives between vendors

***9. Vendor Landscape

**9.1 Competitive scenario

**9.2 Vendor landscape

*Exhibit 37: Vendor landscape

**9.3 Landscape disruption

*The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.

*Exhibit 38: ?Landscape disruption?

**9.4 Industry risks

*Exhibit 39: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 40: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 41: ?Market positioning of vendors?

**10.3 Aurea Corp.

*Exhibit 42: Aurea Corp. - Overview

*Exhibit 43: Aurea Corp. - Business segments

*Exhibit 44: Aurea Corp. - Key offerings

**10.4 IQVIA Holdings Inc.

*Exhibit 45: IQVIA Holdings Inc. - Overview

*Exhibit 46: IQVIA Holdings Inc. - Business segments

*Exhibit 47: IQVIA Holdings Inc.- Key news

*Exhibit 49: IQVIA Holdings Inc. - Key offerings

*Exhibit 50: IQVIA Holdings Inc. - Segment focus

**10.5 Laboratory Corp. of America Holdings

*Exhibit 51: Laboratory Corp. of America Holdings - Overview

*Exhibit 52 Laboratory Corp. of America Holdings - Business segments

*Exhibit 53: Laboratory Corp. of America Holdings - Key news

*Exhibit 54: Laboratory Corp. of America Holdings - Key offerings

*Exhibit 55: Laboratory Corp. of America Holdings - Segment focus

**10.6 MasterControl Inc.

*Exhibit 56: MasterControl Inc. - Overview

*Exhibit 57: MasterControl Inc. - Business segments

*Exhibit 58: MasterControl Inc. - Key offerings

**10.7 Oracle Corp.

*Exhibit 59: Oracle Corp. - Overview

*Exhibit 60: Oracle Corp. - Product and service

*Exhibit 61: Oracle Corp. - Key news

*Exhibit 62: Oracle Corp. - Key offerings

*Exhibit 63: Oracle Corp. - Segment focus

**10.8 Phlexglobal Ltd.

*Exhibit 64: Phlexglobal Ltd. - Overview

*Exhibit 65: Phlexglobal Ltd. - Product and service

*Exhibit 66: Phlexglobal Ltd. - Key offerings

**10.9 SureClinical Inc.

*Exhibit 67: SureClinical Inc. - Overview

*Exhibit 68: SureClinical Inc. - Product and service

*Exhibit 69: SureClinical Inc. - Key offerings

**10.10 TransPerfect Global Inc.

*Exhibit 70: TransPerfect Global Inc. - Overview

*Exhibit 71: TransPerfect Global Inc. - Product and service

*Exhibit 72: TransPerfect Global Inc. - Key news

*Exhibit 73: TransPerfect Global Inc. - Key offerings

**10.11 Veeva Systems Inc.

*Exhibit 74: Veeva Systems Inc. - Overview

*Exhibit 75: Veeva Systems Inc. - Business segments

*Exhibit 76: Veeva Systems Inc. - Key news

*Exhibit 77: Veeva Systems Inc. - Key offerings

*Exhibit 78: Veeva Systems Inc. - Segment focus

**10.12 WIRB Copernicus Group

*Exhibit 79: WIRB Copernicus Group - Overview

*Exhibit 80: WIRB Copernicus Group - Product and service

*Exhibit 81: WIRB Copernicus Group – Key news

*Exhibit 82: WIRB Copernicus Group - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 ????Objectives

*11.1.3 ????Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 83: ?Currency conversion rates for US$?

**11.3 Research Methodology

*Exhibit 84: ?Research Methodology

*Exhibit 85: ??Validation techniques employed for market sizing?

*Exhibit 86: ??Information sources

**11.4 List of abbreviations

*Exhibit 87: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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