Market revenue in 2024 | USD 74.6 million |
Market revenue in 2030 | USD 158.4 million |
Growth rate | 11.2% (CAGR from 2024 to 2030) |
Largest segment | Data management |
Fastest growing segment | Regulatory and Compliance Management |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Data Management, Training management, Supplier management, Regulatory and Compliance Management, Corrective Action Preventive Action (CAPA) Management, Audit Management, Change Management, Non-Conformances Management, Inspection Management, Risk Management |
Key market players worldwide | AmpleLogic, Qualio, Qualityze Inc, Aura Quality Management, SimplerQMS, Dassault Systemes SE, IQVIA Holdings Inc, MasterControl, QT9 Software, Honeywell International Inc, AssurX, Hexagon AB ADR, Veeva Systems Inc Class A, Ideagen |
Data management was the largest segment with a revenue share of 17.56% in 2024. Horizon Databook has segmented the Australia life sciences quality management software market based on data management, training management, supplier management, regulatory and compliance management, corrective action preventive action (capa) management, audit management, change management, non-conformances management, inspection management, risk management covering the revenue growth of each sub-segment from 2018 to 2030.
The life sciences sector in Australia is experiencing significant growth, driven by several key factors influencing the adoption and development of QMS, and the increased focus on patient safety and product efficacy has increased the demand for comprehensive quality management systems to monitor and manage risks effectively.
Furthermore, the rise of global competition further compels Australian firms to adopt advanced QMS tools to maintain their market position and meet international standards.
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