Life Sciences Electronic Batch Records Market Set to Surge Significantly During 2017 - 2025 - Persistence Market Research

The Pharmaceutical industry is usually at the forefront of adopting new technologies to enable major transformations in R&D. When it comes to manufacturing, inventory or supply chain management, they are still stuck in the past though relying mostly on pen and paper. While regulatory and compliance requirements initially drove those companies to use paperwork, the many advancements in the field of Information Technology are too compelling to simply ignore. Unfortunately, there is a human tendency to resist change and once a tried and tested way of working is in place, it is very difficult to initiate any kind of change. There directly leads to companies being so consumed in bureaucracy and managing paperwork that they scarcely have time to see how inefficient their operations truly are.

Modern day pharmaceutical companies have begun to improve their productivity with the help of the Life Sciences Electronic Batch Records Market. Since the passing of 21 CFR part 11 in the year 1997, the U.S FDA accepts Electronic Batch Records. That is why more and more companies have begun to look very closely at the Life Sciences Electronic Batch Records Market. Adopting EBR helps pharmaceutical companies to eliminate paperwork, distribute information quicker and enable strategic planning which thereby improves overall product quality and process efficiency.

While the switch to an EBR system has numerous organizational benefits, there are still some challenges that must be overcome for its smooth implementation. Some of the main Life Sciences Electronic Batch Records Market restraints are –

Employee pushback – The Greek philosopher Heraclitus said ‘Change is the only constant in life’. However, employees might be resistant to adopt a new technology, especially if they are comfortable with the tried and tested old paperwork methods. They might try to stall the EBR adoption or even refuse to use it entirely.
Inadequate identification of requirements- Every pharmaceutical company has different policies, practices and method of working. There cannot be a single EBR solution for every organisation and an incorrectly designed system not taking the specific requirements into consideration can be more trouble than it is worth.
The Life Sciences Electronic Batch Records Market Key Market Players are Rockwell Automation, Accelyrs, Siemens, ABB, Emerson Electric Co, Honeywell international and Schneider Electric SE.

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