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I AgreeAnalysis of Regulatory Information Management market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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The market for regulatory information management is highly fragmented with a wide pool of small scale companies operating in this industry. Companies, including
are leading the market owing to their broader and best-in-industry portfolios, in addition to their robust geographical reach.
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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In light of the growing enforcement of different regulations and standards across various countries, regulatory information management has emerged as a key challenge for regulatory submissions in life sciences companies.
Companies are facing challenges resultant of high confusion and accumulation of massive documentation due to market-specific and highly dissimilar regulations, which is necessitating consulting with professional trainers, thereby, creating further demand for regulatory information management services.
A realistic methodology along with a holistic approach forms the base for the incisive insights offered in the regulatory information management market for the foreseeable period. The Fact.MR report presents detailed information on the growth prospects of regulatory information management industry along with riveting insights into the projection analysis of the market.
Extensive primary as well as secondary research has been performed to garner valuable insights into the forecast analysis of regulatory information management market. The report on regulatory information management has further gone through cross-validation by in-house analysts to make the report one-of-its-kind with the utmost credibility.
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Regulatory Information Management Market Is Anticipated To Grow At CAGR Of 10% During The Forecast Period By 2029
Regulatory Information Management Market Is Anticipated To Grow At 9% Over The Forecast Period By 2029