Pharmaceutical Manufacturing Software Market Size
What Are the Market Size and Growth Forecast for the Pharmaceutical Manufacturing Software Market?
The expansion of the pharmaceutical manufacturing software industry has been quick and notable in the past few years. The market size is projected to increase from $3.3 billion in 2024 to $3.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.0%. Factors contributing to this growth during the historical period include the need to meet regulatory compliance standards, increased complications in drug production, the demand for superior quality control, an upsurge in biopharmaceutical manufacturing, and the push for efficiency and minimization of cost.
Quick acceleration is anticipated in the pharmaceutical manufacturing software market in the upcoming years. It is projected to expand to $6.83 billion by 2029, with a compound annual growth rate (CAGR) of 15.6%. The predicted expansion during this period can be linked to increases in personalised medicine, an uptick in research and development investment, heightened emphasis on supply chain optimisation, a burgeoning biopharmaceutical industry, and escalating global health issues. Key trends to lookout during the forecast tenure include the implementation of AI, the use of cloud-based solutions, real-time surveillance, incorporation of IoT technologies, and high-grade quality management.
What Is Contributing to the Growth of the Pharmaceutical Manufacturing Software Market?
The anticipated surge in drug production is likely to augment the pharmaceutical manufacturing software market’s expansion in the future. Drug production involves a systematic process of pharmaceutical product development, which hinges on components like formulation, testing, and packaging to assure quality, safety, and efficacy. The uptick in drug production becomes vital to cater to the escalating worldwide medication needs, tackle public health problems, and guarantee the prompt access to remedies for various illnesses. The use of pharmaceutical manufacturing software plays a critical role in enhancing drug production by making processes more efficient, bolstering data accuracy, optimizing the usage of resources, and confirming regulatory conformity, thereby improving overall efficiency and expandability. For instance, as per the June 2023 data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based organization that represents the pharmaceutical industry, there was a notable increase in the production in the European pharmaceutical sector, climbing from $352.48 billion in 2021 to $369.95 billion in 2022. Hence, the surge in drug production is poised to fuel the growth of the pharmaceutical manufacturing software market.
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Which Key Market Leaders Are Driving Pharmaceutical Manufacturing Software Industry Growth?
Major companies operating in the pharmaceutical manufacturing software market are McKesson Corporation, Oracle Corporation, SAP SE, ABB Ltd., Rockwell Automation Inc., Dassault Systèmes SE, NetSuite Inc., The Sage Group plc, Epicor Software Corporation, QAD Inc., Intellect Design Arena Ltd., Columbus Manufacturing Inc., MasterControl Inc., Sapphire Systems Ltd., DESKERA PTE LTD, Vormittag Associates Inc., Logic ERP Solutions Pvt Ltd., SYSPRO (Pty) Ltd., Datacor Inc., BatchMaster Software Inc., Fishbowl Inc., Aquilon Software Inc., CompuTec S.A., ERPAG Inc., MRPeasy Ltd.
What Are the Emerging Trends in the Pharmaceutical Manufacturing Software Industry?
Prominent corporations in the market for pharmaceutical manufacturing software are directing their focus towards improving their operational procedures by amalgamating intelligent manufacturing methodologies like AI-powered tools. These tools enhance predictive analytics, optimization of manufacturing procedures, and improvement in overall operative efficiency. An AI-powered tool built into pharmaceutical manufacturing software uses artificial intelligence to refine processes, upgrade quality control, and refine decision-making in drug manufacturing. To illustrate, Mareana, an American AI-powered analytics and supply chain solutions provider catering to the pharmaceutical and life sciences sectors, introduced Connect CMC in February 2024. This tool, infused with AI, is designed to bring about a significant change in data management for smaller pharmaceutical and biotech companies. It improves efficiency, accuracy and cost-effectiveness by automating data extraction from physical batch records and ensuring GxP compliance, thereby propelling a digital shift in drug development.
What Are the Main Segments in the Pharmaceutical Manufacturing Software Market?
The pharmaceutical manufacturing softwaremarket covered in this report is segmented –
1) By Software Type: Manufacturing Execution Systems (MES), Enterprise Resource Planning (ERP) Systems, Laboratory Information Management Systems (LIMS), Quality Management Systems (QMS), Process Analytical Technology (PAT) Systems, Regulatory Compliance Software
2) By Deployment Mode: On-Premises, Cloud-Based
3) By Application: Large Enterprise, Small And Midsize Enterprise
4) By End-User: Biopharmaceutical Companies, Medical Device Companies, Contract Research Organizations, Academic Research Institutions, Other End Users
Subsegments:
1) Manufacturing Execution Systems (MES): Production Tracking Software, Resource Management Tools, Real-Time Monitoring Solutions
2) Enterprise Resource Planning (ERP) Systems: Financial Management Software, Supply Chain Management Software, Inventory Management Solutions
3) Laboratory Information Management Systems (LIMS): Sample Management Software, Data Analysis Tools, Workflow Automation Systems
4) Quality Management Systems (QMS): Document Control Software, CAPA Management Tools, Audit Management Solutions
5) Process Analytical Technology (PAT) Systems: Inline Analysis Tools, Process Control Software, Data Acquisition Systems
6) Regulatory Compliance Software: Validation Management Solutions, Compliance Tracking Software, Risk Management Tools
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Which Geographic Area Leads the Pharmaceutical Manufacturing Software Market?
North America was the largest region in the pharmaceutical manufacturing software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical manufacturing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pharmaceutical Manufacturing Software Global Market Report?
– Market Size Analysis: Analyze the Pharmaceutical Manufacturing Software Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Pharmaceutical Manufacturing Software Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Pharmaceutical Manufacturing Software Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Pharmaceutical Manufacturing Software Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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