Scale up the circulation of electronic clinical trial documentation
Many different aspects of the electronic Trial Master File (eTMF) market have been analyzed by Future Market Insights and the results have been published in a new paper: "Electronic Trial Master File (eTMF) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)".
The study revealed significant growth potential for this market over the next decade. In 2017, the eTMF market was valued at approximately $51 million with the potential to grow nearly 4 times by the end of 2027, which could reach a scale of $190 million.
Implementation of systems/applications that enable the creation and maintenance of electronic clinical trial documentation is an essential component for most both large pharmaceutical companies and smaller companies and centers that are involved in the oversight and execution of clinical trials worldwide.
The introduction of electronic documentation would go a long way toward simplifying documentation and eliminating errors that can be made during paper documentation. In addition, requirements for the use and enjoyment of electronic documentation have been imposed by ICH GCP E6 R2.
Electronic documentation is the future of data reporting that will translate into increased quality and efficiency of clinical trials and we as members of this community have the opportunity to participate in its implementation.