Rapid increasing mandatory government regulations, establishment of widespread platforms for the purpose of trial management as well as incorporation of electronic trial master file with the CTMS system are some of the major factors contributing towards growth of global market for eTMF (electronic trial master file). Apart from this, heavy investments for research and development purposes and growing awareness are other factors leading to increasing production sales of eTMF (electronic trial master file) across the globe.
A research company has been keenly working on a report analysis based on market for eTMF (electronic trial master file), which now enables the analysts to disclose approximate facts and figures regarding the global market. Report analysis concludes that market for eTMF (electronic trial master file) will be developing at 14.0% CAGR over the forecast period, 2017-2027. In addition, market for eTMF (electronic trial master file) is expected to reach an evaluation of over US$ 190Mn by 2027-end.
Key companies operating in the market for eTMF (electronic trial master file) across the globe include Veeva Systems, Data Reduction Systems Corporation, Arivis AG, Medidata Solutions, Inc., Transperfect Global Inc., Arivis AG and MasterControl, Inc. Manufacturers and key companies are planning to increase their focus on innovating and launching novel products, which would help them in meeting their business development plans, thereby expanding customer-base worldwide.
Veeva Vault Clinical Suites Adopted by Ora, Inc.
Manufacturers and key companies can note that vault clinical suite of Veeva Systems has been adopted by an ophthalmic CRO (contract research organization), Ora, Inc., based in MA. This adoption took place for the purpose of streamlining clinical operations. The contract research organization has been offering clinical and preclinical development services to ophthalmic medical devices, drug delivery and drug industries. In order to improve the visibility across its clinical trials, Ora, Inc. has planned to incorporate its CTMS (clinical trial management system), study startup application as well as eTMF (electronic trial master file) under Veeva Vault Clinical Suites.
Along with the recent acquisition, Ora, Inc., will continue to develop systems that would cater the company’s needs with regards to business expansion. The ophthalmic CRO (contract research organization) is of the point of view that this transition will be beneficial for the company’s clinical teams for the purpose of managing processes and documents in real-time. This in turn will help in accelerating study timelines as well as improving inspection readiness.
Veeva Systems & MasterControl, Inc. to Introduce Innovative Products
Increasing automation in each sector has been providing incremental opportunities to the manufacturers and key companies to develop innovative software, which in turn stimulates the need for eTMF (electronic trial master file) on a larger basis. MasterControl, Inc. has recently introduced a new cloud application, VxT (Validation Excellence Tool) that utilizes techniques for merging testing lifecycle approach and a software with risk-valuation tool, based on basic business procedures. In addition, Veeva Systems introduced its advanced Veeva Commercial Cloud offering the Veeva CRM Engage Webinar. This tool is beneficial for life-science that helps in overseeing online procedures without standard obedience risk.
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