Home > Healthcare > Healthcare IT > Healthcare Outsourcing > Pharmaceutical Quality Management Systems Market

Pharmaceutical Quality Management Systems Market Trends

Report ID: GMI6226
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Pharmaceutical Quality Management Systems Market Trends

Increasing demand to comply with regulatory requirements is one of the significant progression drivers for the market. Pharmaceutical industries are subject to strict regulations, owing to the direct impact of drugs, medical devices, and medications on consumer health. Moreover, small, and mid-sized pharmaceutical businesses are concentrating on following laws to produce better products and maintain their competitiveness in the business.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for pharmaceutical quality management systems was USD 1.4 billion in 2022 and is estimated to record 13.1% CAGR by 2032 driven by the growing demand for high-quality drugs and increasing awareness pertaining to the importance of quality in healthcare.

The regulatory & compliance management solution segment held 18.7% share of the market in 2022 and is set to expand considerably through 2032 owing to the growing adoption in the pharmaceutical industry.

North America accounted for 42.3% share of the market in 2022 attributed to the presence of well-established pharmaceutical industry, rigorous regulatory frameworks, and emphasis on quality standards.

ANTARES VISION S.p.A, AssurX Inc., AXSource, ComplianceQuest, ETQ, LLC, and Sparta Systems, Inc., are some of the top firms engaged in the industry.