PUBLISHER: Grand View Research | PRODUCT CODE: 1611208
PUBLISHER: Grand View Research | PRODUCT CODE: 1611208
The global life sciences quality management software market size is anticipated to reach USD 6.72 billion by 2030 and is projected to grow at a CAGR of 12.99% from 2025 to 2030, according to a new report by Grand View Research, Inc. Key factor contributing to the market growth is the increasing use of quality management software (QMS) in the life sciences supply chain to ensure product quality and safety. Moreover, the growing need to comply with regulatory guidelines and technological advancements in the life science industry is expected to drive market growth.
The increasing use of QMS in life sciences supply chains is essential for ensuring product quality and safety. As the industry faces stringent regulatory requirements, adopting QMS frameworks helps organizations maintain compliance, enhance operational efficiency, and improve continuously. QMS are comprehensive frameworks that document processes, procedures, and responsibilities essential for meeting regulatory standards. They are designed to ensure safe, effective, and high-quality products throughout their lifecycle.
The growing trend toward digitalization within the industry, with many companies adopting eQMS. These systems facilitate better data management, streamline processes, and enhance compliance through automated workflows & real-time monitoring. For instance, in January 2023, Palantir launched a fit-for-purpose QMS integrated with its Foundry platform. This system is designed to help life sciences companies meet Good Practice (GxP) requirements and streamline critical workflows, including clinical data analysis.
Integrating digital tools into QMS has transformed how life sciences organizations manage quality. Technologies such as predictive analytics and digital twins allow companies to anticipate challenges before they arise, representing the principle of "Quality by Design" (QbD). This proactive approach minimizes recalls and enhances trust in product integrity by ensuring that quality considerations are embedded in every product development and distribution stage.