The regulatory information management market has been envisaged to surpass revenues worth US$ 893 Mn in 2019, and record a Y-o-Y growth at nearly 9% in 2020.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Regulatory Information Management market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Regulatory Information Management market.
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Key findings of the Regulatory Information Management market study:
- Regional breakdown of the Regulatory Information Management market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Regulatory Information Management vendors in detail.
- Region-wise and country-wise fragmentation of the Regulatory Information Management market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Regulatory Information Management market.
Key Companies Profiled
- Veeva/ Sparta Systems
- DXC Technology
- Parexel
- Aris Global
Competitive Landscape
While the attractiveness of RIM remains high for health authority management, the rapidly changing portfolios of drug manufacturers are compelling RIM service providers to align their regulatory training and management offerings with product specifications and regulations in the region of deployment.
Promising product launches hold a competitive advantage in regulation information management market. For instance, IQVIA™ has recently launched IQVIA RIM Smart, the first fully integrated, cloud-based, complete regulatory information management solution for life sciences. Companies are increasingly leveraging artificial intelligence (AI) and machine learning (ML) to enable intelligent management of the complete regulatory lifecycle of a product portfolio.
Leading players in the RIM market are eying IDMP (Identification of Medicinal Products) regulatory changes as an opportunity for business improvement. Increased focus of market forerunners on establishing a data model and supporting system that allows seamless data sharing across manufacturing, registration, labeling, and submission domains, is likely to heighten the scope of sales.
Additionally, growing number of regulatory information management providers are entering partnerships with pharmaceutical giants to gain a stronghold in the market. For instance, Boehringer Ingelheim has chosen the Ennov regulatory information management platform for their global RIM needs across human and veterinary sectors.
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Queries addressed in the Regulatory Information Management market report:
- Why are the Regulatory Information Management market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Regulatory Information Management market?
- Which regions are displaying the fastest growth in the Regulatory Information Management market?
- What are the underlying micro- macroeconomic factors affecting the global Regulatory Information Management market?
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