Global Regulatory Information Management Market Overview
Introduction:
Regulatory Information Management Market was valued at US$ 1.9 Billion in 2024 and is projected to grow at a CAGR of 11.80% to reach US$ 5.8 Billion by 2034.
Regulatory Information Management (RIMS) is software that aids in efficient and effective gathering, storage, and retrieval of regulatory information. Regulatory information management helps organization to develop and handle new and existing product information pertaining to, during and after drug registration. Life sciences or pharmaceutical companies or similarly regulated industries need to have fast and efficient management system so as to easily locate critical documents and respond to required actions, especially during inspections of quality processes. The regulatory information management tools, helps companies to take necessary, and prompt actions so as to identify and respond to every element of an inspection or audits. The global regulatory information management market accounted for US$ 1.9 Billion in 2024 and is estimated to be US$ 5.8 Billion by 2034 and is anticipated to register a CAGR of 11.80%.
Global Regulatory Information Management Market Dynamics
Rising initiatives by government bodies
A major factor driving growth of the global regulatory information management market is increasing number of stringent regulatory norms by regulatory bodies. In addition, rising demand from pharmaceutical industry and biotechnology is another factor further fueling growth of the global market. Stringent drug approval regulation in countries such as UK, USA coupled with frequent changing drug and product approval regulations are other factors further propelling growth of the market. Increasing adoption from clinical research department is a factor expected to create lucrative opportunities for major vendors in the global regulatory information management market during the forecast period. Moreover, technological advancements and improved data quality collection method for managing vital regulatory information are other factors expected to support growth of the global market during the next five years. Increasing adoption of regulatory information management to collect regulatory information from public and private sources is seen as a major opportunity for the fueling market growth. For instance, Vistara- a global regulatory intelligence tool from Makro Care has been developed in such a way that it utilizes Neuro-Linguistic Programming (NLP) and machine learning platform to collect related data.
However, major factor hampering growth of the global regulatory information management market is high cost of software as compared to traditional method. In addition, lack of skilled professionals to operate information management software especially in developing and underdeveloped countries is another factor hampering growth of the global market to certain extent.
Global Regulatory Information Management Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global regulatory information management market is segmented based on product type, end user industry, and region.
On the basis of product type, the global regulatory information management market is segmented into software and hardware. On basis of end user industry, the global regulatory information management market is segmented into pharmaceutical industry, biotechnology industry, and clinical research organizations.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
Market Segmentation |
By Product Type- Software and Hardware By End Use Industry– Pharmaceutical Industry, Biotechnology Industry, and Clinical Research Organization |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global regulatory information management market report based on product type, end use industry and region.
Global Regulatory Information Management Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Regulatory Information Management Market Key Players
Regional Insights:
The global regulatory information management market accounted for US$ 975.24 million in 2020 and is estimated to be US$ 2870.96 million by 2030 and is anticipated to register a CAGR of 11.5%. On region the global regulatory information management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for major revenue share as compared to that of other regions and is expected to maintain its dominance in the global market over the forecast period. This dominance can be attributed to presence of major life science companies in this region.
Key Players:
The key players operating in the global regulatory information management market includes Acuta, LLC, Parexel International Corporation, Computer Sciences Corp (CSC), Aris Global, Virtify Inc., Ennov Inc., Amplexor, Samarind Ltd., Dovel Technologies, Inc., and Informa.
Global Regulatory Information Management Market Company Profile
- Acuta, LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Parexel International Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Computer Sciences Corp (CSC)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aris Global
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Virtify Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ennov Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amplexor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Samarind Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dovel Technologies, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Informa
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Regulatory Information Management Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By End Use Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regulatory Information Management Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Software
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hardware
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Regulatory Information Management Market, By End Use Industry , Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Pharmaceutical Industry
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Biotechnology Industry
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Clinical Research Organization
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Regulatory Information Management Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End Use Industry , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Acuta, LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Parexel International Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Computer Sciences Corp (CSC)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aris Global
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Virtify Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ennov Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amplexor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Samarind Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dovel Technologies, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Informa
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Regulatory information management market is segmented based on product type, end use industry, and region.
Increasing number of stringent regulatory norms by regulatory bodies coupled with increasing adoption of regulatory information management system by pharmaceutical companies are major factors driving growth of the global regulatory information management market.
North America is expected to maintain its dominance in the global market over the forecast period.
Key players operating in the global regulatory information management market includes Acuta, LLC, Parexel International Corporation, Computer Sciences Corp (CSC), Aris Global, Virtify Inc., Ennov Inc., Amplexor, Samarind Ltd., Dovel Technologies, Inc., and Informa.