Pharmaceutical Quality Management Software Market Trends, Share, Size, Growth & Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "Pharmaceutical Quality Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the pharmaceutical quality management software market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Pharmaceutical Quality Management Software Market?

The global pharmaceutical quality management software market size reached US$ 1.12 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.13 Billion by 2028, exhibiting a growth rate (CAGR) of 10.50% during 2023-2028.

What is Pharmaceutical Quality Management Software?

Pharmaceutical quality management software represents a software system specifically designed to oversee and maintain the quality of pharmaceutical products throughout their entire lifecycle. This comprehensive system plays a vital role in assisting pharmaceutical companies in ensuring that their products consistently meet the highest standards of safety, quality, and regulatory compliance. Pharmaceutical quality management software facilitates the management of various quality-related documents, including standard operating procedures (SOPs), work instructions, and policies, by overseeing their creation, revision, and distribution. It even tracks employee training and certification, guaranteeing that all staff members are appropriately trained and qualified for their assigned responsibilities. Pharmaceutical quality management software effectively handles non-conformances, deviations, and incidents that may occur during manufacturing processes while efficiently managing corrective and preventive actions (CAPAs) needed to address non-conformances and prevent their recurrence. Consequently, it finds extensive applications in pharmaceutical companies, biotechnology companies, and contract research organizations across countries.

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What are the growth prospects and trends in the pharmaceutical quality management software industry?

The pharmaceutical quality management software market is primarily driven by the increasing digitization within the pharmaceutical industry and the elevating adoption of cloud computing, machine learning, artificial intelligence (AI), etc., to automate tasks, enhance data analytics, and improve collaboration and communication within the organization. Additionally, the escalating need to comply with stringent regulatory requirements, such as good manufacturing practice (GMP) and good laboratory practice (GLP), to uphold high levels of product and process quality is acting as another significant factor. Furthermore, the growing usage of the software to manage a complex supply chain involving multiple suppliers, manufacturers, and distributors and ensure that all participants in the supply chain adhere to the required quality standards is also positively influencing the global market. Besides this, the shifting consumer preferences toward pharmaceutical products that are both high in quality and safety are expected to fuel the pharmaceutical quality management software market over the forecasted period.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Solution Type Insights:

Corrective Action Preventive Action (CAPA) Management
Audit Management
Document Management
Change Management
Training Management
Risk Management
Complaints Management
Regulatory and Compliance Management
Non-Conformances Handling
Supplier Quality Management
Inspection Management
Equipment Management
Others

Deployment Model Insights:

On-Cloud
Web-Based
On-Premises

Enterprise Size Insights:

Small and Medium-sized Enterprises
Large Enterprises

End User Insights:

Pharmaceutical, Life Sciences, and Biotechnology Companies
Contract Research Organizations
Others

Market Breakup by Region:

North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

AssurX Inc.
ComplianceQuest
Dassault Systèmes SE (Dassault Group)
ETQ LLC (Hexagon AB)
Ideagen
IQVIA Inc.
Mastercontrol Inc.
Qualio
Veeva Systems Inc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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