Electronic Trial Master File (eTMF) Systems Market Research Report - Forecast till 2032

Electronic Trial Master File (eTMF) Systems Market Research Report Information By Component (Software, and Services), By Deployment Mode (Cloud/Web-Based, and On-Premise), By End User (Pharmaceutical and Biotechnology Companies, Contract Research Organizations, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“ Market Forecast Till 2032.

ID: MRFR/HC/7300-HCR | 90 Pages | Author: Rahul Gotadki | December 2023         

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Global Electronic Trial Master File (eTMF) Systems Market Overview


Electronic Trial Master File (eTMF) Systems Market Size was valued at USD 0.78 billion in 2022. The Electronic Trial Master File (eTMF) Systems market industry is projected to grow from USD 0.89 Billion in 2023 to USD 2.55 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.1% during the forecast period (2023 - 2032). Regulatory compliance's, efficiency and cost savings, and increasing adoption of electronic records are the key market drivers enhancing the market growth.
Electronic Trial Master File Systems Market


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Electronic Trial Master File (eTMF) Systems Market Trends



  • Increasing adoption of electronic records to boost market growth


The pharmaceutical and biotech industries are heavily regulated, and eTMF systems provide a way for companies to manage their clinical trial documentation in compliance with regulations such as 21 CFR Part 11. This has been a significant growth factor for eTMF systems, as companies seek to avoid the risk of non-compliance penalties and streamline their regulatory reporting processes.


 eTMF systems can improve the efficiency of clinical trials by reducing the time and effort required to manage trial documentation. This can lead to cost savings for companies, as they require fewer resources to manage their trials. For example, a study by the Tufts Center for the Study of Drug Development found that eTMF systems can reduce the time required to complete clinical trial documentation by up to 10%.


eTMF systems allow for better collaboration and accessibility of clinical trial documentation, as team members can access documents in real-time from anywhere with an internet connection. This has become increasingly important with the rise of remote and decentralized clinical trials, as well as the need for collaboration in multinational trials. eTMF systems can be integrated with other clinical trial systems, such as electronic data capture (EDC) and clinical trial management systems (CTMS), to provide a more comprehensive and streamlined solution for managing clinical trials. This integration has become a growth factor for eTMF systems, as companies seek to unify their clinical trial management processes and data.


The overall trend towards electronic records in the healthcare industry has also been a growth factor for eTMF systems. As more companies transition to electronic records for their clinical trial documentation, eTMF systems have become a natural choice for managing those records.


Electronic Trial Master File (eTMF) Systems Market Segment Insights


Electronic Trial Master File (eTMF) Systems Component Insights


The Electronic Trial Master File (eTMF) Systems market segmentation, based on component, includes software and services. The service segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. One growth factor for eTMF systems in services is the need for better collaboration and accessibility of clinical trial documentation. This has become increasingly important with the rise of remote and decentralized clinical trials, as well as the need for collaboration in multinational trials. IQVIA's eTMF system is designed to address this need by providing a centralized, cloud-based platform for managing clinical trial documentation. The system allows team members to access documents in real-time from anywhere with an internet connection, facilitating collaboration and accessibility across geographies and time zones.


In January 2021, Parexel, a leading contract research organization (CRO), announced the launch of its eTMF solution, designed to help clients manage clinical trial documentation in a centralized, secure, and compliant manner. The solution is part of Parexel's suite of technology-enabled services for clinical trials and is intended to address the growing demand for eTMF solutions among biopharmaceutical companies.


Electronic Trial Master File (eTMF) Systems Deployment Mode Insights


The Electronic Trial Master File (eTMF) Systems market data has been bifurcated by deployment mode into cloud/web based, and on-premises. The cloud/web based segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The system's cloud-based platform eliminates the need for on-premises hardware and software, which can result in cost savings for companies. 


Figure 1 Electronic Trial Master File (eTMF) Systems Market, by Deployment Mode, 2022 & 2030 (USD Billion)
Electronic Trial Master File (eTMF) Systems Market, by Deployment Mode, 2022 & 2030


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Electronic Trial Master File (eTMF) Systems Regional Insights


By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Electronic Trial Master File (eTMF) Systems market accounted for USD 0.35 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The North American market is driven by factors such as increased outsourcing of clinical trials, growth in the biopharmaceutical industry, and the need for better compliance and data security measures. The market is expected to continue to grow in the coming years, driven by factors such as the growth of decentralized and virtual trials, the adoption of cloud-based eTMF systems, and increasing demand for data analytics and insights. Further, the US Electronic Trial Master File (eTMF) Systems market held the largest market share, and the Canada Electronic Trial Master File (eTMF) Systems market was the fastest growing market in the North American region.


Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 


Figure 2 Electronic Trial Master File (eTMF) Systems MARKET SHARE BY REGION 2022 (%)
Electronic Trial Master File (eTMF) Systems MARKET SHARE BY REGION 2022


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Electronic Trial Master File (eTMF) Systems market accounts for the second-largest market share. The market is driven by the increasing demand for natural and organic products. The European market is driven by factors such as regulatory compliance, increasing demand for cloud-based solutions, and the need for better collaboration and data sharing among stakeholders. The market is expected to continue to grow in the coming years, driven by factors such as the adoption of advanced analytics and AI technologies, increased focus on patient-centricity, and the growth of emerging markets in Eastern Europe.


The Asia-Pacific Electronic Trial Master File (eTMF) Systems market is expected to grow at the fastest CAGR from 2022 to 2030. The market is driven by factors such as the growth of the biopharmaceutical industry, increasing outsourcing of clinical trials, and the adoption of advanced technologies. The market is expected to continue to grow in the coming years, driven by factors such as the growth of emerging markets, increasing focus on patient recruitment and retention, and the adoption of digital health technologies. Moreover, China Electronic Trial Master File (eTMF) Systems market held the largest market share, and the India Electronic Trial Master File (eTMF) Systems market was the fastest growing market in the Asia-Pacific region.


Electronic Trial Master File (eTMF) Systems Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Electronic Trial Master File (eTMF) Systems market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Electronic Trial Master File (eTMF) Systems industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the  Electronic Trial Master File (eTMF) Systems industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Electronic Trial Master File (eTMF) Systems industry has provided innovative products with some of the most significant benefits. The Electronic Trial Master File (eTMF) Systems market major player such as Aurea, Covance Inc., Mastercontrol Inc., Oracle, Transperfect, Veeva Systems, ePharmaSolutions, Phlex, SureClinical Inc., and others are working to expand the market demand by investing in research and development activities.


Aurea is a software company that offers a range of products and solutions for businesses across various industries. The company's portfolio includes products for customer experience management, enterprise messaging, knowledge management, and collaboration. In relation to eTMF systems, Aurea offers a product called Aurea Compliance Manager, which is a cloud-based platform for managing regulatory compliance and quality control processes in clinical trials. The solution includes features for document management, process automation, audit trails, and reporting, all of which are designed to help biopharmaceutical companies manage their compliance and quality control activities in a more efficient and streamlined manner. Aurea's eTMF solution is from February 2021, when the company announced that it had partnered with Halozyme, a biotechnology company, to streamline Halozyme's clinical trial processes using Aurea Compliance Manager. The partnership aimed to improve Halozyme's trial management processes by providing a centralized platform for managing regulatory compliance activities, ensuring data accuracy and consistency, and reducing the risk of errors and delays associated with manual processes. The partnership with Halozyme is an example of how Aurea's eTMF solution is being used by biopharmaceutical companies to improve their clinical trial processes and ensure regulatory compliance. As the demand for eTMF systems continues to grow, Aurea's solution is expected to play an important role in helping companies manage their compliance and quality control activities in a more efficient and effective manner.


Covance Inc is a Contract Research Organization (CRO) that provides a range of services to biopharmaceutical and medical device companies, including clinical development, laboratory testing, and commercialization services. The company operates in over 60 countries and has a workforce of more than 50,000 employees. In relation to eTMF systems, Covance offers a product called Xcellerate® eTMF, which is a cloud-based platform for managing and storing clinical trial documents in a compliant and secure manner. The solution includes features such as document management, audit trails, and real-time reporting, all of which are designed to help clinical trial sponsors manage their trial documentation more efficiently and effectively. One recent news related to Covance's eTMF solution is from October 2020, when the company announced that it had launched a new version of Xcellerate® eTMF. The new version included several enhancements, such as improved document management capabilities, enhanced audit trails, and real-time monitoring of document completeness and compliance. The new version also included integrations with other Covance products, such as Xcellerate® Monitoring, which is a risk-based monitoring solution.


Key Companies in the Electronic Trial Master File (eTMF) Systems market includes



  • Aurea

  • Covance Inc.

  • Mastercontrol Inc.

  • Oracle

  • Transperfect

  • Veeva Systems

  • ePharmaSolutions

  • Phlex

  • SureClinical Inc.


Electronic Trial Master File (eTMF) Systems Industry Developments


In 2019, IQVIA, a  provider of clinical research and healthcare solutions, launched its eTMF solution, IQVIA eTMF, in 2019. The solution includes features for document management, compliance tracking, and real-time reporting.


In 2019, Phlex, a provider of TMF management solutions, acquired Cunesoft, a German-based software company specializing in regulatory compliance solutions, in 2019. The acquisition expanded Phlex's capabilities in eTMF and regulatory compliance management.


In 2020, Bioclinica, a  provider of clinical trial services, acquired SMO Clinical Trial Billing Solutions, an eTMF solution provider, in 2020. The acquisition expanded Bioclinica's offerings in eTMF and financial management solutions for clinical trials.


Electronic Trial Master File (eTMF) Systems Market Segmentation


Electronic Trial Master File (eTMF) Systems Component Outlook



  • Software

  • Services


Electronic Trial Master File (eTMF) Systems Deployment Mode Outlook



  • Cloud/Web-Based

  • On-Premise


Electronic Trial Master File (eTMF) Systems End User Outlook



  • Pharmaceutical and Biotechnology Companies

  • Contract Research Organizations

  • Others


Electronic Trial Master File (eTMF) Systems Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Electronic Trial Master File (eTMF) Systems Report Scope
Report Attribute/Metric Details
Market Size 2022 USD 0.78 billion
Market Size 2023 USD 0.89 billion
Market Size 2032 USD 2.55 billion
Compound Annual Growth Rate (CAGR) 14.1% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product type, condition, end user, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Aurea, Covance Inc., Mastercontrol Inc., Oracle, Transperfect, Veeva Systems, ePharmaSolutions, Phlex, SureClinical Inc., and others
Key Market Opportunities Regulatory compliance's, efficiency and cost savings
Key Market Dynamics Increasing adoption of electronic records




Frequently Asked Questions (FAQ) :

The Electronic Trial Master File (eTMF) Systems market size was valued at USD 0.78 Billion in 2022.

The market is projected to grow at a CAGR of 14.1% during the forecast period, 2023-2032.

The key players in the market are Aurea, Covance Inc., Mastercontrol Inc., Oracle, Transperfect, Veeva Systems, ePharmaSolutions, Phlex, SureClinical Inc., and others.

The service component dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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