Regulatory Information Management Market Volume Forecast and Value Chain Analysis 2019 to 2029
A recently compiled report of Fact.MR, titled “Global Regulatory Information Management Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” presents a comprehensive study on the regulatory information management market worldwide. Size of the regulatory information management market has been studied in detail and enumerated in terms of (US$ Mn).
[PRposts, Thu Aug 08 2019] A recently compiled report of Fact.MR, titled “Global Regulatory Information Management Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” presents a comprehensive study on the regulatory information management market worldwide. Size of the regulatory information management market has been studied in detail and enumerated in terms of (US$ Mn). The report also offers a detailed analysis and forecast on different segments of the market, in tandem with crystal clear view of the competitive landscape of the regulatory information management market.
Deployment of regulatory information management software for health authority management will remain high across pharmaceuticals industry, with the global deployment across different verticals estimated to surpass US$ 252 Mn in 2019. Reduction in manual errors in regulatory processes, along with an easy access to dossier, continues to contribute to the growth of the regulatory information management market.
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1. Executive Summary
1.1 Global Market Overview
1.2 Market Snapshot
1.3 Mega Trends
1.4 Opportunity Assessment
1.5 Fact.MR Analysis and Recommendations
2. Market Overview
2.1 Market Definition
2.2 Market Taxonomy
3. Key Success Factors
3.1 Forecast Factors and Relevance of Impact
3.2 Key Success Factors
3.3 Investment Feasibility Matrix
3.4 Product Life Cycle Assessment
4. Market Background
4.1 Global Healthcare Market Outlook
4.2 Regulatory Information Knowledge Management
4.3 Pharmaceutical Regulatory Agencies Overview
4.4 Regulatory Software Potential Efficiency Gains
4.5 Ecosystem Challenges
4.6 Market Survey Demographics
4.7 Transformative Technologies in Life Science Outlook
4.8 Future Outlook for Regulatory Information Processes
4.9 Impact Analysis
5. Market Dynamics
To be Continue..
Regulatory Information Management Market in Numbers
- The regulatory information management market registered a CAGR of nearly 8% during the period 2014 to 2018. This industry remains influenced by rapid transformations in regulation paradigms, from pharmaceuticals to medical devices verticals, thereby, witnessing an increased demand for software, such as regulatory information management.
- The regulatory information management market has been envisaged to surpass revenues worth US$ 893 Mn in 2019, and record a Y-o-Y growth at nearly 9% in 2020.
- North America will remain the leading market for regulatory information management, upheld by the availability of pharmaceutical stalwarts in the countries, such as US and Canada.
- East Asia is expected to be the high-growth market for regulatory information management, with gains mainly driven by rising number of clinical trials taking place in the region, coupled with immense untapped opportunities in China.
In light of the growing enforcement of different regulations and standards across various countries, regulatory information management has emerged as a key challenge for regulatory submissions in life sciences companies. Companies are facing challenges resultant of high confusion and accumulation of massive documentation due to market-specific and highly dissimilar regulations, which is necessitating consulting with professional trainers, thereby, creating further demand for regulatory information management services.
The study opines that compliance modernization is no longer optional, with international authorities continuously setting new and often arduous reporting requirements. In view of the constantly changing regulatory paradigms, enterprises with different verticals, such as pharmaceuticals, medical devices, and nutraceuticals are expecting more from the software that helps them log and keep track of everything. This has further accelerated the trend of new product development (NPD) in the regulatory information management market, finds the study. Additionally, sensing the pain points related to disparate systems, exacerbated by IDMP (Identification of Medicinal Products) requirements, more players in regulatory information management market are drifting to unified platforms through NPD.
As per the study, growing demand for a solution that can manage, control and fasten the process of bringing novel products to market, maintain existing products, and manage interactions with authorities is favoring deployment of RIM software. Furthermore, high penetration of small scale companies in regulatory information management market is another significant factor that continues to shape the growth of this industry.
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