Patient Handling Equipment Market – Functional Survey 2027

 Market Research Future (MRFR) expects the patient handling equipment market to attain a valuation of USD 15,430.18 Million by 2027. MRFR also anticipates the market to thrive at a rate of 8.3% over the forecast period (2020-2027).

Key Players Locking Horns:

The patient handling equipment industry is rife with a number of players indulging in intense competition. Many of these companies are focused on carrying out extensive research and development activities to introduce new products that have multiple applications. Leading companies also adopt a number of organic as well as inorganic growth tactics, such as mergers & acquisitions, innovative product launches and expansions to enhance their share in the global industry.

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Malvestio Spa (Italy), Stryker (US), Invacare Corporation (US), Handicare (Sweden), GF Health Products, Inc. (US), Arjo (Sweden), Joerns Healthcare LLC (US), Prism Medical UK (UK), McAuley Medical, Inc. (US), Etac AB (Sweden), EZ Way, Inc. (US), LINET (Czech Republic), Savaria (Canada), Medline Industries, Inc. (US), Ossenberg GmbH (Germany), Stiegelmeyer GmbH & Co. KG (Germany), Hill-Rom Services Inc. (US) are some of the most renowned vendors in the global market.

Future Growth Boosters:

Governments are increasingly laying down guidelines and regulations pertaining to manual handling in healthcare, which are expected to be followed diligently and can help boost the demand for patient handling equipment in the near future. For instance, the National Institute of Occupational Safety & Health’s regulations with respect to the lifting equation with Recommended Weight Limit (RWL) help ensure that the patients are effectively handled, and the caregivers are not subjected to any risk of injury.

Furthermore, rising burden of disabilities worldwide combined with the growth of the elderly population prone to a number of disorders should foster the sales of patient handling equipment in the following years. The World Health Organization reported in 2014 that out of the total number of diseases in 2021, close to 1.18 million patients will be afflicted with some form of disability while the number by 2031 will reach 1.43 million patients. It is also expected that the frequent introduction of technical enhanced and safe device or equipment that are easy to operate by the caregivers, while also helping avoiding MSDs should work in the favor of the global market.

Segmentation:

Product, application and end-user are the top market segments listed in the MRFR report.

Product-based key segments are bathroom & toilet assist equipment, stretchers & transport chairs, ambulatory aids, patient transfer devices, wheelchairs & mobility scooters, medical beds, and others.  Patient transfer devices stand as the leading segment in the market on account of the growing prevalence of obesity worldwide. Meanwhile, medical beds are generating robust demand as well, with electric beds, semi-electric beds and manual beds gaining high traction.

Applications of patient handling equipment include mobility assistance, long term care, acute & critical care, and more. Acute & critical care segment is most likely to attain the top spot, in view of the significant increase in the rate of viral infections, cardiovascular diseases, and various acute diseases. Long term care segment can procure the fastest growth rate, owing to the significant burden of target diseases like tetanus, Alzheimer’s disease, tuberculosis, and others.

Major industry end-users are hospitals, home care settings and others. Hospitals segment is in the lead, in line with the developments in healthcare infrastructure along with the surge in healthcare spending.

Regional Status:

Europe, Americas, MEA or Middle East & Africa and Asia Pacific or APAC are the major regions that have been focused on in the MRFR report to analyze the growth prospects of the global market.

The lead has been taken by the American market, in view of the escalating obesity cases, in addition to various other chronic diseases. Heightened preference for home care equipment, expanding geriatric population, and favorable government aid in developing medical infrastructure can further benefit the patient handling equipment market in the region. Another growth rendering aspect has been the surge in musculoskeletal disorder rate in the region, which also bolsters the product demand.

Europe stands as the second most lucrative market for patient handling equipment, thanks to the significant number of research and development activities taking place in the region, backed by large-scale investments. Europe further benefits from the presence of a huge number of well-equipped medical facilities, skilled professionals, and the soaring demand for improved healthcare services. Supportive standards pertaining to patient safety and the surging prevalence of lifestyle and chronic diseases also add to the value of the patient handling equipment market in the region.

The APAC market should continue to soar rapidly and attain the fastest growth rate during the evaluation period. Some of the key growth boosters include the mounting cases of MSD-caused injuries, expanding older population and the improvement in the healthcare infrastructure. Substantial prominence of chronic ailments in the region also fosters growth. A number of countries have imposed policies regarding safe handling to avoid injury to caregivers while lifting patients. This has encouraged the adoption of patient handling equipment in the healthcare industry. Moreover, the fast economic growth of China, India, as well as Southeast Asia has prompted global players to invest significantly in this region, presenting attractive opportunities.

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Clinical Laboratory Services Market – Insights on Upcoming Trends 2027

 Market Overview

MRFR reports that the clinical laboratory services market is likely to exhibit a sound growth rate during the forecast period (2018-2023 and surpass a valuation of USD 274.40 billion by 2023. 

Market Dynamics

The rising pressure of chronic diseases such as cancer, diabetes, and others is expected to drive the global market's growth trajectory in the coming years. The need for early diagnosis has increased as people become more knowledgeable of diseases. This has resulted in a significant growth in preventive healthcare spending. Throughout the forecast period, it is expected to fuel the growth of the clinical laboratory services industry. It is proposed that funds will be focused toward the production of advanced experiments of greater precision and accuracy. Rapid advancements in the healthcare industry, along with robust research and growth, are expected to propel the market forward in the near future.

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Clinical laboratory services are in high demand as a result of the healthcare costs and increasing awareness of these services. North America is a crucial market for these programmes, with attractive growth prospects for market participants. Furthermore, North America's medicinal laboratory services industry is benefiting from advanced healthcare technology and broad supply of lab specialists and technicians.

Strong government investments to expand clinic use of COVID-19 diagnostic kits are expected to fuel segment development. COVID-19 walk-in clinics in San Jose are another important initiative that is supposed to boost segment growth. Furthermore, gradual and groundbreaking improvements in laboratory research technologies are projected to serve as a high effect rendering engine for this market.

The data management method in laboratories has been greatly changed thanks to automation in clinical environments. Throughout the forecast era, the industry is projected to benefit from increasing adoption rates of laboratory automation systems. Furthermore, the healthcare industry has provided database management software, patient test reports, and advanced workflow management systems substantial consideration.

Market Segmentation

A detailed segmental analysis of the global clinical laboratory services market based on type and application.

By type, the market is segmented into biochemistry, endocrinology, microbiology, hematology, histopathology, cytology, genetic testing, and others. In 2017, the haematology division accounted for 25.6 percent of the industry. It is expected to preserve its supremacy throughout the projected era. The high prevalence of blood cancer can be blamed for the segment's rise.

By application, the global clinical laboratory services market has been segmented into independent laboratory, reference laboratory, and hospital laboratory. Over the evaluation timeframe, the hospital laboratory segment is expected to lead the global market. By the end of 2023, the segment's value is expected to reach USD 185.98 billion. The clinical laboratory services market is expected to expand in the near future due to factors such as the availability of various tests and attractive reimbursement policies for tests in the segment.

Regional Analysis

The global clinical laboratory services market is divided into four regions: the Americas, Europe, Asia Pacific, and the Middle East and Africa. In 2017, the Americas accounted for the largest share of the industry, and it is projected to rise dramatically in the coming years. Favorable reimbursement policies, the expansion of clinical laboratories, and the growing number of lab technicians are all factors that are expected to help the growth of the clinical laboratory services market in the area. By the end of 2023, the industry is expected to be worth USD 108,913 Mn, according to estimates.

Europe is a significant growth region that is expected to take second position in the global economy. Because of the involvement of major prominent main players, rising healthcare spending, the number of clinical tests, and other factors, the market's competitive environment is conducive to development. By the end of 2023, the Middle East and Africa is estimated to be worth USD 14,067 million.

Over the forecast period, Asia Pacific is projected to be the fastest growing regional market. The market's expansion would be supported by the region's high growth prospects. During the forecast period, it is projected to rise at a CAGR of 5%. The growing prevalence of diseases such as cancer and diabetes, among others, is propelling market growth in the region.

Competitive Landscape

Some of the prominent players operating in the global clinical laboratory services market are Mayo Medical Laboratories, Quest Diagnostics Incorporated, Spectra Laboratories Inc, Laboratory Corporation of America Holdings, Eurofins Scientific, Unilabs, Bio-Reference Laboratories, Synlab International, Sonic Healthcare, ACM Medical Laboratory, Cerba Healthcare, Clinical Reference Laboratory, Amedes Holdings, Adicon Clinical Laboratory, and Lifelabs Medicals Laboratories.

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Nuclear Medicine Market: Recent Industry Trends and Projected Industry Growth, 2020– 2027

 Market Overview

The global nuclear medicine market is expected to develop at a CAGR of 6.2 percent from 2018 to 2023, according to Market Research Future (MRFR)’s study. By the end of 2023, the market's value is projected to increase by USD 5.43 billion. 

Market Dynamics

Nuclear medicine has accurate diagnostic capabilities and is useful in the early detection of cancer and other diseases including cardiovascular disorders. A major driver of the global market is the growing prevalence of cancer and other chronic diseases, as well as a strong demand for early diagnosis of such diseases for successful treatment. Furthermore, radiopharmaceuticals are increasingly being used to diagnose and treat chronic diseases in geriatric patients. The demand is projected to expand due to the rapid growth of this demographic. Cancer is one of the most common causes of death, according to the WHO, accounting for almost one out of every six deaths, making it one of the most critical causes of patient mortality, pushing up demand for nuclear medicine. Increased incidences of target conditions such as Cardiovascular Diseases (CVD) and cancer are driving market growth. In addition, the rapidly increasing geriatric population is expected to increase the patient pool. The growing popularity of radiopharmaceuticals for the care of the elderly is expected to drive up demand for nuclear medicines in the near future.

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The global nuclear medicine market's optimistic future is jeopardized by the high prices of radiopharmaceuticals, which make care unaffordable. Patients are suspicious of nuclear medicine because of the side effects associated with radiation exposure, despite the fact that it has not been shown to be distinctly dangerous. Business opportunities, on the other hand, are expected to offset these growth risks. Radioisotopes are becoming more commonly used in diagnostics and therapeutics because they can be used to learn medical knowledge that would otherwise be inaccessible. They can be used for anything from studying metabolic processes to tracing drug movement in biological systems in medical research.

The business appears to be lucrative and is growing rapidly. Due to growing applications, discoveries, and other factors, it is expected to continue to expand over the next few years. Nonetheless, the high cost of radiopharmaceuticals and the risks associated with radiation exposure remain barriers to market expansion.

Market Segmentation

MRFR has conducted a detailed study of the various parts of the nuclear medicine market which has been segmented on the basis of product type, application, end-user, and region. By product types, the nuclear medicine market has been segmented into diagnostic nuclear medicine and therapeutic radiopharmaceuticals. The diagnostic nuclear medicine sector has risen to the top of the market. The therapeutic radiopharmaceuticals segment, on the other hand, is expected to develop at the fastest rate during the forecast period. SPECT radiopharmaceuticals and PET radiopharmaceuticals are two types of diagnostic nuclear medicine radiopharmaceuticals. Although the therapeutic radiopharmaceuticals segment is divided into alpha emitters, beta emitters, and brachytherapy isotopes, the therapeutic radiopharmaceuticals segment is divided into alpha emitters, beta emitters, and brachytherapy isotopes.

Nuclear medicine applications are divided into two categories: diagnostic and therapeutic. Diagnostic applications is a large segment that is further subdivided into SPECT and PET applications. The therapeutic applications segment, on the other hand, is growing at the fastest rate.

Hospitals and medical centers, research institutes, and others are among the end-users. Hospitals & diagnostics centers have been listed as the most significant segment in terms of market share, while research institutes have the highest potential for growth over the forecast period.

Regional Overview

Owing to North America's presence, the Americas has established itself as a market leader. The development of the nuclear industry in the Americas has been affected by the involvement of many major market players, as well as the high prevalence of cancer and other chronic diseases. North America led the overall market in terms of sales in 2019, owing to high R&D expenditures and government funding for the use of medical isotopes, among other factors. The country, especially the United States and Canada, has well-developed healthcare sectors that receive substantial funding. Furthermore, the area has a large geriatric patient population that is rapidly growing and becoming more knowledgeable of advanced therapies.

Competitive Dashboard

Some of the key players operating in the market are Cardinal Health, GE Healthcare, Bayer, Bracco Imaging, Curium, Lantheus Medical Imaging, Nordion Inc., Advanced Accelerators Applications, Mallinckrodt Pharmaceuticals, Jubliant Lifesciences, and Medtronic plc.

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Pulse Oximeters Market – Qualitative Insights by 2027

 Market Dynamics

The ability of pulse oximeters to verify the health of patients at their homes and comfort, as well as accurate detection of serious ailments, will drive rapid growth in the coming years. In light of the current global situation, the industry has enormous potential for growth.

The demand is also fueled by an aging population and chronic illnesses. Medical costs are expected to rise, and the need for ‘on-the-spot' monitoring would create lucrative opportunities for the industry. Obesity, poor eating habits, and sedentary lifestyles can all lead to cardiac problems, fueling the demand for pulse oximeters. Other main market factors include the increased production of alternative therapies, the adoption of oximeter instruments, and the use of low perfusion technologies. These instruments are used to monitor patients' vital signs and are critical to their overall wellbeing. Industry participants are said to see opportunities in the promotion of oximeter devices with novel and advanced properties. Sleep apnea, chronic obstructive pulmonary disease, and cardiac abnormalities all have the potential to drive pulse oximeters market growth in the near future.

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With the passage of time, more user-friendly and high-tech devices have emerged, resulting in increased development. Better market prospects are arising from increased demand for homecare services and patient comfort. Rapid approvals for new technology, as well as the need for remote patient monitoring, are said to raise earnings. Lack of knowledge about the availability of successful therapies, on the other hand, prevents the industry from gaining further market share.

Pulse oximeters of high quality are important for the early diagnosis and treatment of COVID-19 patients. During this time, the manufacturing and supply chains for pulse oximeters are expected to face difficulties, as most companies are operating at half capacity. Furthermore, trade barriers in the most affected countries are likely to stymie product delivery. However, as COVID-19 cases continue to rise at an exponential pace, manufacturers are working to ensure a sufficient supply of fingertip and handheld pulse oximeters to countries in desperate need.

Market Segmentation

The overall industry is categorized into products, applications, and geographies. The market is segmented by product type, such as fingertip, handheld, and so on. The market has been dominated by handheld devices. Their profits were attributed to the growing use of ‘key parameter' checking devices and surgeries around the world. Early detection of chronic diseases allows for more innovative treatments and fewer complications. Handheld devices have allowed this to happen.

Homecare, hospitals, cardiac & breathing centers, and other kinds of healthcare establishments constitute the applications. Health facilities and hospitals led the market in terms of applications, and this trend is expected to continue during the forecast period. COVID-19 infections are common in long-term care facilities, and residents are constantly monitored for symptoms by checking critical respiratory parameters. During the COVID-19 pandemic, demand for pulse oximeters is expected to rise from home healthcare centers and long-term care facilities.

Regional Overview

Due to increased recognition of the value of tracking respiratory vitals among the general population, North America dominated the pulse oximeter market and held the largest revenue share over the review period. Furthermore, a pulse oximeter is considered a necessary necessity for outpatients and patients who choose to be treated at home and is reimbursed after sufficient reporting. As a result, demand growth is projected to be supported by a favorable reimbursement infrastructure. Furthermore, health agencies are providing medical practitioners with information on COVID-19 in order to help them better handle the pandemic situation.

All medical device manufacturers are likely to be impacted by recent regulatory changes in Europe. While factors such as changes in labeling standards and changes in rules and regulations governing the delivery of medical devices can slow down the approval process, they may have long-term benefits for approved products, such as increased quality and fewer product recalls.

Market players in Asia Pacific are realizing the opportunity and launching new products tailored to the region's emerging economies. Despite the fact that Asia Pacific's birth rate is slightly decreasing, the number of babies born every day is still very high. As a result, the market has a huge target population.

Competitive Analysis

With the involvement of numerous global and regional producers, the market is fragmented. To increase their market share, key players are expected to use various strategies such as product launches and acquisitions. Other major projects, such as licensing deals and strategic alliances, are being undertaken by key industry players to enhance their market presence.

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Nebulizers Market – Qualitative Insights by 2027

 Global Nebulizers Market analysis is expected to hold a value of USD 1,629.7 Million by 2027 and is expected to register a growth of 7.32% from 2020 to 2027.

Nebulizers Market Synopsis

Nebulizers are a device that has the capability of changing a medication from a liquid to a mist so that it can be inhaled into the lungs. High demand for respiratory devices, including nebulizers, due to the outbreak of COVID-19 globally, growing need for rescue medication, increasing prevalence of respiratory diseases, and rising demand for home healthcare devices are the key factors that are expected to drive the market growth. Moreover, the growing geriatric population, increasing consumption of alcohol, tobacco, cigarettes, and other such products may lead to respiratory diseases, and the rising number of initiatives taken by the government as well as the private organizations are also expected to boost the market growth.

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The growth of the global nebulizers market can be contributed to the growing need for rescue medication, high demand for respiratory devices, including nebulizers, due to outbreak of COVID-19 globally, and increasing prevalence of chronic respiratory diseases. According to a press release from Icon Plc in April 2020, the demand for respiratory devices has enormously increased, due to the rising cases of COVID-19.

Furthermore, the growing demand for home healthcare devices, rising geriatric population, increasing consumption of alcohol, tobacco, cigarettes, and other such products that might lead to respiratory diseases, are also expected to fuel the market growth during the forecast period.

However, the loss of drug during nebulization procedures, availability of various substitutes for nebulizers, and side effects of nebulizer solutions are expected to restrain the growth of the global nebulizers market.

Several market players such as OMRON Healthcare, Koninklijke Philips N.V., and B. Braun Melsungen AG, among others currently dominate the global nebulizers market. The key players are involved in awareness campaigns, product approvals, mergers, and strategic collaborations to strengthen their market positions. For instance, in April 2020, B. Braun Melsungen AG received the Food and Drugs Administration (FDA) emergency use authorization for using its infusion pumps with nebulizers to treat COVID-19 patients.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2019, owing to the rising demand for respiratory diseases in the region. The nebulizers market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European nebulizers market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The nebulizers market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing incidence rate of respiratory diseases, the market in Asia-Pacific is expected to be the fastest-growing. The nebulizers market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

The Global Nebulizers Market has been Segmented Based on the Type, Usage, Portability, and End User.

Based on the Type, the global nebulizers market has been segmented into mesh, jet, and ultrasonic. The mesh segment is further divided into active and passive. The jet segment is expected to hold the largest market share owing to its low cost as compared to other types of nebulizers.

On the basis of usage, the market has been segmented into reusable and disposable. The disposable nebulizers are expected to hold a major market share owing to their growing popularity amongst the users.

Based on the portability, the market has been segmented into tabletop and portable. The portable nebulizers market is expected to grow at the fastest CAGR owing to its ease and convenience of use.

The market based on end-user has been segmented into hospitals & clinics, home care, and others. The hospitals and clinics segment is expected to hold the largest market share owing to the larger patient footfall in hospitals.

Key Players

Some of the key players in the global nebulizers market are OMRON Healthcare (Japan), Koninklijke Philips N.V. (Netherlands), PARI (US), Vectura Group plc (UK), Rossmax International Ltd (Taiwan), Briggs Healthcare (US), GF Health Products, Inc. (US), Beurer GmBH (Germany), Agilent Technologies, Inc. (US), Drive DeVilbiss Healthcare (US), Invacare Corporation (US), and B. Braun Melsungen AG (Germany).

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Avian Influenza Vaccine Market: Drivers, Restraints, Opportunities, and Threats (2020-2027)

 Global Avian Influenza Vaccine Market analysis is expected to register a CAGR of 7.25% to reach USD 735.22 Million by 2025. Avian influenza, also known as bird flu, is a viral infection that spreads from bird to bird and can infect other animals or humans also. There are different strains of avian influenza, causing the infection, but H5V1 is the most common virus strain affecting poultry animals.

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Market Dynamics

The increasing strategic agreements are expected to drive market growth during the study period. For instance, in February 2018, the NC State College of Veterinary Medicine and Ceva Santé Animale, an animal health company, based in France, collaborated on a distance learning project providing certification in poultry health management for veterinarians in Latin America. Moreover, the increasing public & private initiatives by the government as well as non-government organizations for research & development are also anticipated to drive the market growth.

Segmentation

The Global Avian Influenza Vaccine Market has been segmented by strain and application. The market, based on strain, has been bifurcated into H5, H7, and H9. Based on application, the avian influenza vaccine market has been chicken, turkey, and goose & duck.

Regional Analysis

The Global Avian Influenza Vaccine Market, based on region, has been divided into the APAC & Middle East, Europe, Americas, and Africa.

The APAC & Middle East is likely to dominate the global avian influenza vaccine market. This can be attributed to the increasing production of poultry birds and the rise in avian influenza outbreaks in the region. According to a recent report from the Foreign Agricultural Service/USDA, China recorded 13,800 thousand metric tons of chicken meat production in 2019. Furthermore, various government initiatives for rapid and effective response efforts to emergent zoonotic influenza viruses are also expected to drive market growth.

The European market for the avian influenza vaccine is estimated to be the second-largest during the review period. The growing dependence on poultry as the key source of protein in the diet in this region is expected to boost the growth of the regional market. According to the European Commission, the European Union (EU) produced 15.2 million tons of poultry meat in 2018. Additionally, increasing the production of veterinary products and improved animal husbandry practices in Germany and Poland are further fueling market growth.

Americas is estimated to demonstrate significant market growth owing to the growing meat & poultry industry, the increasing expenditure on animal health, and the presence of a large number of veterinary hospitals in the region. According to the North American Meat Institute, the US exported 3.7 million metric tons (MT) of poultry and poultry variety meats in 2017. The value was estimated at USD 4.5 billion. Moreover, growing government support for creating awareness on avian influenza viruses and improving efficiency for the avian influenza vaccine is also positively affecting the market growth.

Key Players

The Prominent Players in the Global Avian Influenza Vaccine Market are Boehringer Ingelheim International GmbH (Germany), Guangdong Wenshi Dahuanong Biotechnology Co., Ltd (China), Ceva (US), Yebio Bioengineering Co., Ltd (China), Zoetis (US), FATRO S.P.A. (Italy), CAVAC (South Korea), Tianjin Ringpu Bio-Technology Co., Ltd (China), PT Japfa Comfeed Indonesia Tbk (Indonesia), Chengdu Tech-bank Biological Products Co., Ltd (China), Merck Animal Health (US), Medion (Indonesia), Avimex Animal Health (Mexico), JOVAC (Jordan), and QYH BIOTECH COMPANY LIMITED (China). Some of the key strategies followed by players operating in the global avian influenza vaccine market were collaborations, acquisition, product approval & launch, and expansion.

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Electronic Trial Master File (eTMF) Systems Market – Insights on Upcoming Trends 2027

 Global Electronic Trial Master File Systems Industry is expected to reach a value of USD 1825 Million by 2025, at a CAGR of 13.11% during the assessment period of 2019 to 2025.

The pharmaceutical, as well as the biotechnology companies, face a major challenge to maintain a central repository for the storage of clinical trial documents for use in regulatory submissions. Therefore, there emerges a need to store all the data produced by these companies effectively. As a result, software companies have developed electronic trial master file systems that aid these companies as well as the contract research organizations in systemized storage of files. Moreover, in comparison to the traditional storage systems, electronic trial master file systems facilitate content classification and easier interoperability in clinical trial operations. Therefore, the major companies are continuously involved in new product launches to gain a competitive edge over the other players.

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The growth of the global eTMF systems market is fueled by several factors such as rising activities in terms of acquisitions, new solution and service deployments, and collaborations by key players operating in the market, coupled with the increasing number of clinical trial studies. For instance, in October 2019, SureClinical Inc. launched a transparent eTMF pricing policy. To provide value to the prospective users, the company has posted its prices and terms online to battle price discrimination in this industry. However, budget constraints of the small and medium-sized enterprises, along with the dearth of skilled professionals for operating the electronic systems, can hinder the preference of such solutions. As a result, such elements can hamper the growth of the market during the forecast period.

Several market players currently dominate the global eTMF systems market. The key players are involved in product launches and strategic collaborations to strengthen their market positions. For instance, in June 2018, Phlexglobal, a UK-based specialist provider of TMF and eTMF management solutions, is adopting Version 1 of the eTMF Exchange Mechanism Standard (eTMF-EMS) of the TMF Reference Model (TMF-RM) into PhlexEview, the company’s eTMF technology. Such strategies push the growth of the eTMF systems market.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas held the maximum share in the base year 2018, owing to the presence of established key players in countries such as the US and Canada. The eTMF systems market in the Americas has been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European eTMF systems market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The eTMF systems market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The eTMF systems market in this region is anticipated to be the fastest-growing during the assessment period due to the increased adoption rate of eTMF software and services in the Asian countries. The eTMF systems market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

The Global eTMF Systems Market has been segmented based on Component, Deployment Mode, and End User.

The global eTMF systems market has been segmented, based on the component, into software and services. The software segment is expected to hold the majority share of the market owing to the increasing number of solution launches by the prominent players in recent years. The services segment is expected to be the fastest-growing due to the increasing uptake of eTMF services by pharmaceutical and life science companies.

The global eTMF systems market, based on deployment model, has been segmented into cloud/web-based, and on-premise. The cloud/web-based segment holds the maximum share owing to the technological advancements in cloud-based solutions in recent years.

The end-users of the market are pharmaceutical and biotechnology companies, contract research organizations, and others. The increasing number of clinical trials conducted by pharma firms is leading to the market size of the pharmaceutical and biotechnology companies’ segment.

Key Players

Some of the Key Players in the Global eTMF Systems Market are Aurea, Inc. (US), Covance Inc. (US), ePharmaSolutions (US), MasterControl, Inc. (US), Oracle (US), Phlexglobal (UK), SureClinical Inc. (US), TransPerfect (US), Veeva Systems (US), and Wingspan (IQVIA) (US).

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