India Regulatory Information Management System Market Size & Outlook
India regulatory information management system market, 2018-2030 (US$M)
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India regulatory information management system market highlights
- The India regulatory information management system market generated a revenue of USD 193.5 million in 2023 and is expected to reach USD 410.0 million by 2030.
- The India market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, pharmaceutical sector was the largest revenue generating end use in 2023.
- Medical Device Sector is the most lucrative end use segment registering the fastest growth during the forecast period.
Regulatory information management system market data book summary
| Market revenue in 2023 | USD 193.5 million |
| Market revenue in 2030 | USD 410.0 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical sector |
| Fastest growing segment | Medical Device Sector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Sector, Medical Device Sector, Others (Biologics, Cosmetics, Foods, etc.) |
| Key market players worldwide | Veeva Systems Inc Class A, Rockwell Automation Inc, ArisGlobal, PharmaLex, PAREXEL, Regulatory Information and Management System, Korber AG, AmpleLogic, Ennov, MasterControl, Rimsys, Ithos Global, Lorenz Life Sciences Group |
Other key industry trends
- In terms of revenue, India accounted for 10.6% of the global regulatory information management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China regulatory information management system market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 426.7 million by 2030.
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Regulatory Information Management System Market Scope
Regulatory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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India regulatory information management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to regulatory information management system market will help companies and investors design strategic landscapes.
Pharmaceutical sector was the largest segment with a revenue share of 47.49% in 2023. Horizon Databook has segmented the India regulatory information management system market based on pharmaceutical sector, medical device sector, others (biologics, cosmetics, foods, etc.) covering the revenue growth of each sub-segment from 2018 to 2030.
India's expanding regulatory information management industry hosts several software providers, and the potential for these solutions is evident. The region is expected to witness rapid growth driven by digital solutions and automation initiatives like Pharma 4.0. The adoption of advanced technologies, including Machine Learning (ML) And Artificial Intelligence (AI), enhances regulatory compliance.
IQVIA's launch of IQVIA RIM Smart in February 2019, a comprehensive cloud-based regulatory information management system, exemplifies the competitive advantage sought in the market. Pharmaceutical firms in India emphasize the need for fully integrated solutions, and Veeva's Vault, which is integrated with AI, is gaining popularity.
“All pharmaceutical firms are currently concentrating on RIM. RIM, as you can see, functions more as a separate team that is only responsible for the RIM software and associated responsibilities. As a result, companies are essentially looking for fully integrated solutions even though the software should provide end-to-end solutions.
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Our clientele includes a mix of regulatory information management system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India regulatory information management system market , including forecasts for subscribers. This country databook contains high-level insights into India regulatory information management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India regulatory information management system market size, by end use, 2018-2030 (US$M)
India Regulatory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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