Regulatory Information Management System Market 2024 Share, Growth And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Regulatory Information Management System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.01 billion In 2028 At A CAGR Of 10.8%.

The regulatory information management system market size has grown rapidly in recent years. It will grow from $1.79 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to stringent regulatory compliance requirements, pharmaceutical industry growth, globalization of supply chains, increasing volume of regulatory data, emphasis on data security.

The regulatory information management system market size is expected to see rapid growth in the next few years. It will grow to $3.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to integration with artificial intelligence (ai), increased complexity of regulatory landscape, expansion of rims in emerging markets, demand for cloud-based solutions, focus on real-time regulatory monitoring. Major trends in the forecast period include advancements in technology, collaboration and integration with external partners, blockchain technology for data integrity, mobile access and user-friendly interfaces, cross-functional collaboration platforms.

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Regulatory Information Management System Market Major Segments
The regulatory information management system market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-premise, Cloud
3)By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Registration Management, Regulatory Intelligence, Labeling Management, Submission Planning And Tracking Management, Publishing, Document Management, Other Applications
5) By End-Users: Pharmaceutical Sector, Medical Device Sector, Other End Users

Key Driver - Surge In Clinical Trials Drives Growth In The Regulatory Information Management System Market

The rising number of clinical trials is significantly contributing to the growth of the regulatory information management system market going forward. Clinical trials refer to studies in which people are used as test subjects for therapeutic, surgical, or behavioral interventions. The regulatory information management system is used for tracking, managing, and simplifying the growing regulatory requirements and complexities related to clinical trials. For instance, in February 2023, according to the World Health Organization (WHO), a Switzerland-based intergovernmental agency responsible for international public health, the number of clinical trials in the Southeast Asia region increased from 10,966 in 2021 to 11,030 in 2022. Further, according to the World Health Organization, the number of clinical trials in Africa increased from 905 in 2020 to 1,078 in 2021. Therefore, rising clinical trials will drive the regulatory information management system market.

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Prominent Trend - Innovative Products Drive Growth In The Regulatory Information Management System Market

Product innovations are the key trend gaining popularity in the regulatory information management system market. Major companies operating in the regulatory information management system market are focusing on launching innovative products to sustain their position in the market. For instance, in February 2023, ArisGlobal, LLC, a US-based provider of life sciences solutions, launched the Investigational Product Regulatory Information Management System (RIMS), a product designed with the unique demands of life sciences and medical device firms in mind as they advance through the research and development stages of drug development. Investigational Product RIMS is the ideal pre-validated, turnkey solution for growing life sciences and medical device firms that still need to obtain marketing authorization for their goods. Key features include clinical trial authorization tracking to meet regulatory deadlines and speed up time to market, investigational submission and dossier planning with intelligent automation and activity triggers to drive efficiency, and health authority commitment management for end-to-end planning and tracking of interactions, commitments, and obligations.

Regulatory Information Management System Market Players
Major companies operating in the regulatory information management system market report are Deloitte Touche Tohmatsu Limited, DXC Technology Company, IQVIA Inc., Wipro Ltd, Parexel International Corporation, Korber Pharma, Veeva Systems Inc, Dovel Technologies Inc., Calyx, ArisGlobal LLC, DDi Inc., NNIT A/S, Freyr Software Services Private Limite, Navitas Life Sciences, MasterControl Solutions Inc., Sparta Systems Inc., Instem PLC, Phlexglobal Ltd., Ennov SA, LORENZ Life Sciences Group, Extedo GmbH, Gimmal, Dot Compliance Ltd., Kalypso LP, Rimsys Inc., Virtify Inc., Glemser Technologies Corporation, RegDesk, AmpleLogic, Ithos Global Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the regulatory information management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the regulatory information management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Regulatory Information Management System Market Report Structure
3. Regulatory Information Management System Market Trends And Strategies
4. Regulatory Information Management System Market - Macro Economic Scenario
5. Regulatory Information Management System Market Size And Growth
…..
27. Regulatory Information Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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