Regulatory Information Management Market Analysis and Value Forecast Snapshot by End-Use Industry 2016-2026

The technological advancements and novel methods in the regulatory information management has unlocked potential for the companies, which are striving to provide regulatory information management software. The regulatory information management software has developed with new technologies, and improved process to ensure effective management of regulatory information. The pharmaceutical companies involved in the development, dissemination, capture, and control the regulatory information through the product development cycle. Regulatory information management is a solution for pharmaceutical companies in terms of efficient value communication of regulations. The technology tools, product & service platforms, creates the opportunities for the automating business practices. RIM is enables deliver powerful submission of planning, viewing, publishing, registration and management of products throughout the life cycle. RIMS allows ensure effective, compliant management of regulations and regulatory information. It has advantages such as submission of plan, e-submission viewer, and product registration and tracking. It enables track the periodic safety updated reports (PSUR) and real time access of regulatory information. Global Regulatory Information Management Market is anticipated to exhibit a significant CAGR coupled with annual growth rates over the forecast period.

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Regulatory Information Management Market: Drivers and restraints

Regulatory Information Management Market provides wide range of benefits to pharmaceutical companies, increased amount of data to be collected and provided by regulatory bodies such as U.S. Food and Drug Administration (FDA), European Medicines Agency. According to the EVMPD regulation, all pharmaceutical companies harmonized exchanged format to manage the drug safety product information, which effected on July 02, 2012. The regulatory bodies are...