Meticulous Research®—a leading global market research company, published a research report titled, ‘Pharmaceutical Quality Management Systems Market by Solution Type (Deviation, CAPA, Audit, Risk & Compliance, Inspection, Document, Change, Training Management), Deployment Mode (Cloud, On-premise), and End User (Pharmaceutical, CDMO/CRO) - Global Forecast to 2030.’
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Meticulous Research® has released its latest publication, projecting that the global pharmaceutical quality management systems market will reach $3.97 billion by 2030, growing at a CAGR of 15.6%. This growth is driven by rising drug manufacturing costs, the increasing need for regulatory compliance, rapid industry expansion, and the benefits offered by software-based quality management systems. However, the high deployment costs of these systems present a challenge to market growth.
Opportunities and Challenges:
The expanding markets for generic drugs and biopharmaceuticals, along with pharmaceutical companies' increasing preference for platform-as-a-service solutions, are expected to create significant growth opportunities. Conversely, security concerns related to cloud-based deployments remain a major challenge for the market.
Key Industry Players:
ANTARES VISION SpA (Italy)AssurX Inc. (U.S.)AXSource Consulting Inc. (U.S.)Körber AG (Germany)ComplianceQuest, Inc. (U.S.)Dassault Systèmes SE (France)EtQ Management Consultants Inc. (U.S.)Honeywell International Inc. (U.S.)Ideagen PLC (U.K.)IQVIA HOLDINGS INC. (U.S.)LogicGate Inc. (U.S.)MasterControl, Inc. (U.S.)Market Segmentation:
The global pharmaceutical quality management systems market is segmented by:
Solution Type: Non-conformance/Deviation Management, CAPA Management, Audit Management, Risk & Compliance Management, Suppliers & Materials Management, Inspection Management, Document Management, Change Management, Training Management, and Other Solution Types.
Deployment Mode: Cloud/Web-Based and On-Premise.
End User: Pharmaceutical and biotechnology companies, contract development manufacturing organizations (CDMOs), contract research organizations (CROs), and research laboratories.
Solution Type Insights:
In 2023, the non-conformance/deviation management segment is expected to hold the largest market share. The emphasis on managing non-conformance and deviations is underscored by industry standards such as ISO 9001:2015. Implementing these controls helps organizations identify and address quality issues early, minimizing operational disruptions. Regulatory importance further drives this segment's dominance.
End User Insights:
Pharmaceutical and biotechnology companies are expected to dominate the market, driven by the demand for new drugs and therapies, extensive R&D activities, increased funding and investments, and government support for biopharmaceutical manufacturing and research.
Geographic Insights:
This research covers North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Ireland, Belgium, Netherlands, and the Rest of Europe), Asia-Pacific (China, Japan, India, Malaysia, Philippines, Vietnam, Singapore, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), and the Middle East & Africa. Asia-Pacific is projected to witness the highest CAGR during the forecast period, attributed to advancements in healthcare infrastructure, R&D sector development, a large population pool, and government initiatives to enhance healthcare facilities.
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