Global Regulatory Information Management Market is Expected to Gain Significant Traction Over the Forecast Period

Published On : Jul 12, 2018

The regulatory information management market is expected to grow significantly, according to Regulatory Information Management Market Report, by Product Type (Software and Hardware), by End-user Industry (Pharmaceutical Industry, Biotechnology Industry, and Clinical Research Organizations), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.

Major factors driving growth of the regulatory information management market is regular changes in regulations for pharmaceutical industry, which is propelling various companies in the industry to adopt competent regulatory information management software. The regulatory scenario tends to be complex in nature and is always changing. Therefore, in order to keep up with the updated regulatory norms set by the regulatory authorities and government periodically, key players are focusing on adopting such software, which is expected to aid in growth of the market. According to the European Union Drug Regulating Authorities Pharmacovigilance Medicinal Product Dictionary (EVMPD) regulations, all pharmaceutical companies are adopting updated regulations to manage the drug safety product information, with effect from July 02, 2012.

Development of novel products in the pharmaceutical industry is propelling growth of the market for regulatory information management

Development of novel products in the pharmaceutical sector has driven regulatory authorities to change their regulations accordingly. For instance, a newly found composition of drugs guarantees faster recovery from a particular disease and leaves less harmful effects on the body of the consumer, then the drug regulations are updated in accordance with the same. Also, various components of drugs are later found to be harmful and with major side effects, in such scenarios the drugs or a specific component of it needs to be banned for which regulations must be updated and as a result market for regulatory information management software is witnessing significant traction in various regions.

To know the latest trends and insights prevalent in this market, click the link below:

Browse 150 market data tables* and 90 figures* on “Regulatory Information Management Market” - Global forecast to 2026.

Key Trends and Analysis of the Global Regulatory Information Management Market:

  • North America accounted for largest share in the global regulatory information management market in 2017 and is expected to exhibit a significant CAGR during the forecast period. This growth is attributed to growing stringency and strict observance of the regulatory norms for pharmaceutical industries. For instance, The U.S. Food and Drug Administration strictly looks after accelerated approvals, biosimilars, compounding pharmacies, drug shortages, drug imports, and genetic medications among others. This depicts strict vigilance of the government over regulatory scenario in pharmaceutical industry in the U.S.
  • Regulatory information management market in Asia Pacific is expected to exhibit a significant CAGR over the forecast period (2018 - 2026). The regulatory information management market in this region is projected to grow significantly by 2026. This is owing to multiple facts such as increasing pharmaceutical sales in countries in the region. For instance, the pharmaceutical sales amounts to 17% of total health expenditure or US$ 78 per person in China, as per International Trade Administration (ITA).
  • Major players operating in the global regulatory information management market include Acuta, Llc, Parexel, Computer Sciences Corp (CSC), Aris Global, Virtify, Ennov, Amplexor, Samarind Ltd, Dovel Technologies, Inc., and Informa.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.