Regulatory Information Management Market
The regulatory information management market accrued revenue of around USD 1,343.2 million in 2019. In the following years, the RIMS industry exhibited a robust growth rate of 9.7%, owing to a rise in drug development and new medication releases during the pandemic. This average growth rate continued till 2023, concluding the global market valuation at USD 1,946.5 million.
The adoption of RIMS solutions and services, in terms of value, is estimated to be around USD 2,155.6 million in 2024. Several pharmaceutical and finance companies are inclined toward regulatory information management systems (RIMS) solutions as they enable easy access to information in real-time.
Life sciences and medical device companies involved in the development of innovative equipment adopt RIMS solutions for marketing clearance for their products. Over the next ten years, the demand for regulatory information management systems will increase at a CAGR of 11% through 2034. Furthermore, the regulatory information management system (RIMS) industry value is forecasted to reach USD 6,119.9 million by 2034.
𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1889
“𝙊𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙠𝙚𝙮 𝙚𝙡𝙚𝙢𝙚𝙣𝙩𝙨 𝙞𝙣𝙨𝙩𝙧𝙪𝙢𝙚𝙣𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙛𝙖𝙨𝙩 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙖𝙣𝙙 𝙖𝙙𝙫𝙖𝙣𝙘𝙚𝙢𝙚𝙣𝙩 𝙤𝙛 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 𝙨𝙤𝙛𝙩𝙬𝙖𝙧𝙚 𝙞𝙨 𝙩𝙝𝙚 𝙧𝙖𝙥𝙞𝙙𝙡𝙮 𝙩𝙧𝙖𝙣𝙨𝙛𝙤𝙧𝙢𝙞𝙣𝙜 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙝𝙚𝙖𝙡𝙩𝙝𝙘𝙖𝙧𝙚 𝙨𝙚𝙘𝙩𝙤𝙧. 𝙃𝙤𝙬𝙚𝙫𝙚𝙧, 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙚𝙭𝙥𝙖𝙣𝙨𝙞𝙤𝙣 𝙞𝙨 𝙖𝙣𝙩𝙞𝙘𝙞𝙥𝙖𝙩𝙚𝙙 𝙩𝙤 𝙧𝙚𝙢𝙖𝙞𝙣 𝙡𝙞𝙢𝙞𝙩𝙚𝙙 𝙞𝙣 𝙘𝙤𝙢𝙥𝙖𝙧𝙞𝙨𝙤𝙣 𝙙𝙪𝙚 𝙩𝙤 𝙖 𝙡𝙖𝙘𝙠 𝙤𝙛 𝙦𝙪𝙖𝙡𝙞𝙛𝙞𝙚𝙙 𝙥𝙚𝙤𝙥𝙡𝙚 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙝𝙞𝙜𝙝 𝙘𝙤𝙨𝙩 𝙤𝙛 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 𝙨𝙮𝙨𝙩𝙚𝙢𝙨,” – opines Sudip Saha, managing director at Future Market Insights (FMI) analyst
𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐑𝐞𝐩𝐨𝐫𝐭
• North America is predicted to dominate the regulatory information management market, accounting for over 40% of the share in 2024, followed by Asia.
• The United States leads the regulatory information management system market and is poised to advance further with a 7.9% CAGR through 2034.
• In Europe, Germany is estimated to remain the lucrative market for RIMS solution service providers and is expected to evolve with a 10.5% CAGR from 2024 to 2034.
• China is witnessing promising growth in its regulatory compliance solutions sector and will likely progress at 11.5% through the forecast period.
• Over the projected period, the Australia regulatory information management market is anticipated to see a lucrative growth rate of 14.5% per year.
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
The overall market is consolidated in North America and East Asia due to many pharmaceutical and financial institutions with huge consumer bases. However, strengthening regulatory protocols with pharmaceutical research and financial services advancement in other regions is anticipated to diversify the market soon.
𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
• In June 2021, Greenlight Guru Company revealed that it had secured around USD 120 million in funding from investment firm JMI Equity. Greenlight Guru is a start-up company that assists medical device manufacturers, and suppliers in navigating regulatory obstacles in different territories.
• At an event in Spain in May 2022, Rimsys Company released a new RIM program named Rimsys 5. Rimsys is a developer and supplier of regulatory information management solutions (RIMS) and is based in the United States.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭
• ACUTA, LLC.
• Parexel
• Computer Sciences Corp (CSC)
• ArisGlobal
• Virtify
• Ennov
• Amplexor
• Samarind Ltd
• Dovel Technologies, Inc.
• Informa
𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐛𝐲 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐮𝐫𝐯𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭
By Product Type:
• Software
• Hardware
By Enterprise Size:
• Large Enterprises
• Small and Medium Enterprises (SMEs)
By End User:
• Pharmaceutical Industry
• Biotechnology Industry
• Clinical Research organizations
• Other End-user Verticals
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• The Middle East and Africa (MEA)
Related Reports —
https://www.fmiblog.com/2024/05/21/global-regulatory-information-management-market/
https://www.fmiblog.com/2024/10/08/physical-security-information-management-market-2022-increasing-demand-for-efficient-management-practices-report-2032/
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