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  • Published On : Feb 2022
  • Code : CMI4901
  • Industry : Healthcare IT
  • Pages : 143
  • Formats :

Computer software in pharmaceutical science field has made it possible to understand complex processes and efficiently handle resources, manpower, and money. Computer software can help in daily documentation such as clerical duties, reducing errors, increasing accuracy in data storage and transmission, improving productivity, developing uniform standards, and other processes. Pharmaceutical IT services can be used by small to large-scale companies to overcome the challenges faced during drug development. Pharmaceutical software solutions can be implemented quickly and help industries fulfill their requirements effectively.

The global pharmaceutical manufacturing software market is estimated to be valued at US$ 2,532.7 million in 2021 and is expected to exhibit a CAGR of 8.6% during the forecast period (2021-2028).

Figure 1.Global Pharmaceutical Manufacturing Software Market Share (%) in Terms of Value, by Product Type, 2021

Pharmaceutical Manufacturing Software  | Coherent Market Insights

Increasing adoption of pharmaceutical manufacturing software by pharmaceutical companies is expected to drive the market growth during the forecast period.

Pharmaceutical companies are actively adopting and deploying pharmaceutical manufacturing software, which is expected to propel the market growth over the forecast period. For instance, in March 2020, ESKAYEF Pharmaceuticals Limited, a fully owned subsidiary of Transcom Limited, one of the leading and fastest-growing diversified business houses in Bangladesh, adopted the BatchMaster Enterprise (BME) software of BatchMaster Software Pvt. Ltd., a company that focuses on offering enterprise software solutions for the process manufacturing industries to meet its growing compliance needs as well as the need of integration with its existing finance software.

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Pharmaceutical Manufacturing Software Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 2,532.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 8.6% 2028 Value Projection: US$ 4,524.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: On-cloud, On-premise
  • By Application: Large Enterprises, SMEs 
Companies covered:

Oracle Corporation (NetSuite Inc.), BatchMaster Software, Columbus Manufacturing, Aquilon Software, CompuTec S.A.(ProcessForce), Datacor Chempax, DESKERA, ERPAG, Fishbowl, Intellect, SAGE GROUP plc, and VAI - Vormittag Associates, Inc.  

Growth Drivers:
  • Advantages of pharmaceutical manufacturing software
  • Increasing adoption of artificial intelligence
  • New software launches
Restraints & Challenges:
  • High manufacturing cost
  • Lack of regulations for pharmaceutical quality management software
  • Errors associated with softwares

Figure 2.Global Pharmaceutical Manufacturing Software Market Share (%), By Application, 2021

Pharmaceutical Manufacturing Software  | Coherent Market Insights

Increasing launches of new ERP systems by key players is expected to drive the market growth during the forecast period.

Market players are focusing on launching new and advanced enterprise resource planning (ERP) systems, which is expected to fuel growth of the global pharmaceutical manufacturing software market over the forecast period. For instance, in March 2020, Yuyu Pharma, a pharmaceutical company, introduced a new enterprise resource planning (ERP) system to identify real-time management conditions and enhance system management for more efficient decision-making.

Global Pharmaceutical Manufacturing Software Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) pandemic is the most recent outbreak, which was first reported on December 31, 2019 in Wuhan, China. The World Health Organization declared COVID-19 a pandemic on March 11, 2020. In such a situation, softwares are a good means to share information to the public by data sharing files and articles. For instance, the Internet of Things (IoT) provides a platform that can help public-health agencies to access data required for monitoring the COVID-19 pandemic. For example, Worldometer is a website that provides a real-time update on the number of individuals who are known to have COVID-19 worldwide, including daily new cases, severity of disease, and disease distribution by country.

The use of various artificial intelligence (AI-based triage systems) will help to decrease the clinical load of doctors. For instance, an online medical ‘chat bot’ can help patients recognize early signs and symptoms, refer people for medical treatment if symptoms worsen, and educate people on the importance of taking required precautions and maintaining hygiene, which will prevent acquiring infection. Moreover, phone-based software application such as ‘COVID symptom tracker’, collects data from both symptomatic and asymptomatic individuals and tracks how the disease progresses by recording self-reported health information regularly, including symptoms, reverse-transcription PCR (RT-PCR) test outcomes, hospitalization, demographic information and pre-existing medical conditions. This may avoid unnecessary hospital consultations for individuals with mild symptoms.

Global Pharmaceutical Manufacturing Software Market: Restraint

The major factor that hinder growth of the global pharmaceutical manufacturing software market include drawbacks of pharmaceutical manufacturing software such as high manufacturing cost, lack of regulations for pharmaceutical quality management software, and errors associated with software’s

Key Players

Major players operating in the global pharmaceutical manufacturing software market include Oracle Corporation (NetSuite Inc.), BatchMaster Software, Columbus Manufacturing, Aquilon Software, CompuTec S.A. (ProcessForce), Datacor Chempax, DESKERA, ERPAG, Fishbowl, Intellect, SAGE GROUP plc, and VAI - Vormittag Associates, Inc.   

Pharmaceutical software is a growing area in the pharmaceutical industry. As data analytics and data science are integral for drug development, manufacturing, and compliance, keeping software up-to-date is necessary to stay competitive. It is important to design processes or software that ensure product safety, quality, and efficacy. It can help in validating pharmaceutical manufacturing. Validation software systems help to manage and keep track of the activities taking place over the lifecycle of a product and process, whether it is a piece of equipment or machine designed to manufacture something, a process to make something, or a computer program to control something.

Market Dynamics

The increasing adoption of various software by key players is expected to drive the global pharmaceutical manufacturing software market growth during the forecast period. For instance, in July 2019, Lonza Group, a multinational chemicals and biotechnology company, opted Rockwell Automation’s PharmaSuite manufacturing execution system (MES) software to digitize the processes in their manufacturing environments. Rockwell Automation is an American provider of industrial automation and information technology.

Moreover, increasing partnerships among the key players to develop technologically advanced pharmaceutical manufacturing software is expected to drive the market growth during the forecast period. For instance, in May 2020, Atos, a global leader in digital transformation, and Siemens AG, a Germany-based multinational conglomerate, announced that they are working in a partnership with the pharmaceutical industry. Their aim is to enhance production with an innovative solution called ‘Process Digital Twin’, which is based on a digital replica of the production process in pharma. This innovation is designed with an aim to improve flexibility and efficiency in the manufacturing of pharmaceutical products.

Key features of the study:

  • This report provides an in-depth analysis of the global pharmaceutical manufacturing software market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global pharmaceutical manufacturing software market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Oracle Corporation (NetSuite Inc.), BatchMaster Software, Columbus Manufacturing, Aquilon Software, CompuTec S.A. (ProcessForce), Datacor Chempax, DESKERA, ERPAG, Fishbowl, Intellect, SAGE GROUP plc, and VAI - Vormittag Associates, Inc. 
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global pharmaceutical manufacturing software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pharmaceutical manufacturing software market

Detailed Segmentation:

  • Global Pharmaceutical Manufacturing Software Market, By Product Type:
    • On-cloud
    • On-premise
  • Global Pharmaceutical Manufacturing Software Market, By Application:
    • Large Enterprises
    • SMEs
  • Global Pharmaceutical Manufacturing Software Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Oracle Corporation (NetSuite Inc.)*
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • BatchMaster Software
    • Columbus Manufacturing
    • Aquilon Software
    • CompuTec S.A.(ProcessForce)
    • Datacor Chempax
    • DESKERA
    • ERPAG
    • Fishbowl
    • Intellect
    • SAGE GROUP plc
    • VAI - Vormittag Associates, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global pharmaceutical manufacturing software market size is estimated to be valued at US$ 2,532.7 million in 2021 and is expected to exhibit a CAGR of 8.6% between 2021 and 2028.
Factors such as advantages of pharmaceutical manufacturing software, increasing adoption of artificial intelligence and advanced analytics, and new software launches are expected to drive the growth of the market during forecast period.
On-cloud segment is the leading product type segment in the market.
The major factors hampering growth of the market include drawbacks of pharmaceutical manufacturing software such as high manufacturing cost, lack of regulations for pharmaceutical quality management software, and errors associated with softwares
Major players operating in the market include Oracle Corporation (NetSuite Inc.), BatchMaster Software, Columbus Manufacturing, Aquilon Software, CompuTec S.A. (ProcessForce), Datacor Chempax, DESKERA, ERPAG, Fishbowl, Intellect, SAGE GROUP plc, and VAI - Vormittag Associates, Inc.

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