Market revenue in 2024 | USD 44.3 million |
Market revenue in 2030 | USD 84.7 million |
Growth rate | 9.6% (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 17.61% in 2024. Horizon Databook has segmented the Mexico 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.
Mexico's life sciences QMS market is experiencing significant growth, driven by the increasing need for compliance with stringent regulatory standards and the demand for enhanced operational efficiency.
Companies adopt QMS solutions to ensure product quality and safety as Mexico's pharmaceutical and biotechnology sectors expand. According to an article published in March 2024, Mexico's pharmaceutical industry has grown and diversified significantly.
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