Industry sectors like biotechnology, pharmaceuticals, and clinical research have very crucial regulatory environments that frequently change. Due to this, competent regulatory information management software has been developed and is now being used by business participants. One of the key elements influencing the adoption of regulatory information management software is the constantly shifting regulatory environment in these industries. Additionally, the market for regulatory information management systems (RIMS) is anticipated to develop as a result of the decrease in manual errors in regulatory process software combined with convenient access.
By 2028, the market for healthcare compliance software is projected to be worth $5 billion, growing at a 10.5% CAGR over the forecast period.
Prominent Companies in the Regulatory Information Management System Rims Industry:
1. AMPLEXOR: A company that offers customer experience management services to organisations in various sectors and regions so they may use content as a competitive advantage. The business specialises in digital strategy for e-commerce, content marketing, and world-class manufacturing (WCM), providing its clients with increased productivity, compliance, and consumer satisfaction. started in 1987. head office in Luxembourg. Acolad acquires AMPLEXOR and becomes the biggest LSP in continental Europe.
2. ArisGlobal LLC: creator of a drug development platform designed to enable life sciences companies to produce ground-breaking discoveries. The company's platform automates all essential tasks related to drug safety, regulatory compliance, and medical affairs. This helps healthcare organisations, biopharmaceutical companies, and life sciences businesses bring therapies to market more quickly and efficiently. Started in 1987. Nordic Capital has signed a binding deal to buy ArisGlobal, with offices in the U.S.
3. Arivis AG: Developer of a life sciences-focused compliance and biomedical large picture data platform. Pharmaceutical and biotech companies can easily handle massive amounts of data on standard computers thanks to the company's software, which enables users to visualise, analyse, distribute, and manage even multi-terabyte multi-dimensional (2D, 3D, 4D, and 5D) image datasets produced by microscopes or scanners. Created in 2010. German headquarters are in Munich. The Compliance Division of arivis AG will be acquired by BioMedion AG, the company has announced.
4. Ennov SA: Founder of a content management system intended to enhance the whole life cycle of a life sciences product. Leading pharmaceutical companies and emerging biotech can help their clients while utilising their information assets and enhancing performance thanks to the company's platform, which provides comprehensive quality management tools for capturing and managing clinical trial information streamlines, regulatory content, information management software, and pharmacovigilance tools. Established in 1995. Headquarters in France, in Paris.
5. Extedo Gmbh: Developer and supplier of regulatory information management software solutions for controlling the vital procedures necessary to keep pharmaceuticals in stock. By providing planning, tracking, product registration, submission publication, lifecycle management, pharmacovigilance management, and medication safety, the company's software platform enables clients to improve the dependability, security, flexibility, and scalability of their everyday operations. Created in 1996. German headquarters are in Munich.
6. Samarind Ltd.: Chester, United Kingdom-based supplier of IT solutions, equipment, and support. The business unit specialises on managed services, including remote and on-premise versions, client hosting, corrective maintenance, disaster recovery, and cloud service delivery to UK-based corporations and SMEs, mostly in North Wales and North West England. Started in 1987. Located in England, in the United Kingdom. The UK-based Samarind has been bought by Ennov, a top provider of regulated content and data management software for the life sciences sector, from its parent company Instem.
7. Sparta Systems Inc.: The enterprise quality management software (EQMS) creator aimed to instill a culture of compliance and quality within businesses. By automating and integrating quality and compliance management processes, complaint handling, document control, training management, and more, the company's SaaS-based platform enables the pharmaceutical and biotechnology, medical device, electronics manufacturing, and consumer products markets to improve quality outcomes and incident responses while reducing administrative costs. Created in 1994. Honeywell's corporate headquarters expands its life sciences and software capabilities through the purchase of Sparta Systems.
*Definition: Regulatory Information Management (RIM) refers to a category of software solutions that are designed to support and streamline the activities of regulatory affairs (RA) teams
