Market revenue in 2024 | USD 19.2 million |
Market revenue in 2030 | USD 35.3 million |
Growth rate | 8.9% (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 17.71% in 2024. Horizon Databook has segmented the Saudi Arabia 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 QMS market in Saudi Arabia is driven by increasing regulatory requirements and a commitment to enhancing product quality and safety. The Saudi Food and Drug Authority (SFDA) enforces stringent guidelines that necessitate robust quality management processes in the pharmaceutical and biotechnology sectors.
As companies strive to comply with these regulations, the demand for effective QMS solutions is rising. Organizations recognize that implementing comprehensive QMS systems is essential for streamlining compliance efforts and maintaining high-quality standards.
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