Pharmaceutical Quality Management Systems Industry Expected to Value $3.97 Billion by 2030
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 unveiled its latest report, forecasting that the global
pharmaceutical quality management systems market will achieve a valuation of
$3.97 billion by 2030, with a robust compound annual growth rate (CAGR) of
15.6%. Key drivers of this growth include rising drug manufacturing costs, the
increasing necessity for regulatory compliance, rapid industry expansion, and
the advantages provided by software-based quality management systems. However,
the high costs associated with deploying these systems remain a significant
challenge.
Opportunities
and Challenges
The
market is poised for significant opportunities driven by the expanding generic
drugs and biopharmaceuticals markets and the increasing adoption of
platform-as-a-service solutions by pharmaceutical companies. Conversely,
security concerns related to cloud-based deployments present a major challenge.
Key
Industry Players
Prominent
players in the pharmaceutical quality management systems market include:
ANTARES
VISION SpA (Italy) AssurX Inc. (U.S.) AXSource Consulting Inc. (U.S.)Körber AG
(Germany) Compliance Quest, 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.)Logic Gate Inc. (U.S.) MasterControl, Inc.
(U.S.)
Market
Segmentation
The
global 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 Other
Solution Types Deployment Mode :Cloud/Web-Based On-Premise
End
User:
Pharmaceutical
and Biotechnology Companies Contract Development Manufacturing Organizations
(CDMOs)Contract Research Organizations (CROs)Research Laboratories
Solution
Type Insights
In
2023, the non-conformance/deviation management segment is expected to hold the
largest market share. The importance of managing non-conformance and deviations
is emphasized 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 anticipated 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 encompasses 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
experience the highest CAGR during the forecast period, driven by advancements
in healthcare infrastructure, R&D sector development, a large population
base, and government initiatives to enhance healthcare facilities.
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Research®:
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in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a
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